Seychelles Special License Company (CSL)

Open a Seychelles Special License Company (CSL)

 

A Seychelles CSL can operate within the Republic of Seychelles which may be useful for international businesses by locating some support services, or  administration services in Seychelles, a CSL may achieve some of its business goals, while at the same time enjoying unrivalled fiscal benefits.

Creation of a Special License Company requires preparation of a detailed Application that requires information from the client (beneficial owner) together with formal documentation and business plan.  More information available upon request.

 

    • A Seychelles CSL is considered to be taxed resident in Seychelles and therefore subject to a special rate corporate tax of just 1.5% on its worldwide income, but is exempt from any witholding taxes on dividends, interest and royalties, and from stamp duties on any property or share transfers and transactions.

 

    • However, the advantage of a CSL is that it can be used to take advantage of Seychelles double taxation treaties (unlike a Seychelles IBC).A Seychelles CSL can operate within the Republic of Seychelles which may be useful for international businesses by locating some support services, or  administration services in Seychelles, a CSL may achieve some of its business goals, while at the same time enjoying unrivalled fiscal benefits.

 

    • Creation of a Special License Company requires preparation of a detailed Application that requires information from the client (beneficial owner) together with formal documentation and business plan.  More information available upon request.

CSL – Government Fees

  • A Seychelles CSL is subject to the following government fees:
    • A one-time application fee: US $ 200.00
    • Annual License fee: US $ 1000.00
    • Annual return filing fee: US $ 200.00

Professional fees are charged in addition to the above on a per case basis.

CSL – Summary:

  • Factor
  • Description
  • Business tax in Seychelles
  • 1.5% of worldwide income
  • Access to double-tax avoidance treaty benefits
  • Yes
  • Formal resident taxpayer status
  • Yes
  • May conduct business within Seychelles
  • Yes
  • Currency of capital
  • Any, except SCR. Usually USD.
  • Most effective authorized capital
  • (maximum amount at minimum duty)
  • USD 100`000
  • Usual authorized capital
  • USD 1`000, but can be any other amount.
  • Minimum paid-up capital
  • 10% of the authorized capital
  • Net time to launch
  • 2-4 weeks (depending on speed of client application)
  • Shelf companies
  • No
  • Minimum number of directors
  • Two, can be non-resident or resident
  • Public register of directors
  • Yes
  • Corporate directors
  • No
  • Minimum number of shareholders
  • Two
  • Public register of shares
  • No
  • Bearer shares
  • No
  • Resident secretary
  • Required
  • Public disclosure of beneficial owners
  • No
  • Detailed business application procedure
  • Yes, confidential
  • Auditing of accounts
  • No
  • Filing of accounts
  • Required, not public
  • Filing of annual administrative return
  • Required, not public
  • Re-domicilation from other jurisdiction accepted
  • Yes

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