Established in July 2004 One stop window for local and foreign investors

1. Established in July 2004 One stop window for local and foreign investors Assist in establishing businesses , promote investment opportunities and provide the right climate to do business in Seychelles Our prominent role: Attract ˃Promote˃Advise˃Facilitate

2. The golden reasons why invest in Seychelles?A stable political environmentSkilled labor force fluent in English, French and Creole96% adult literacy rate and life expectancy of 75 years oldSea and air connectivity from all over the worldWork permit easily available

3. High environmental standards Excellent communications network with the connectivity of fiber optic cable Favorable tax regimes for investments in Tourism, Agriculture, Energy and Fisheries sectors World Class Financial Centre

4. Seychelles fast growing sectorsThe tourism sector continues to be the most dominant sector in Seychelles followed by the fisheries, the financial and oil exploration/ exploitation sectors which lead to sustainable economic growth

5. INVESTMENT OPPORTUNITIES

10. The overall tax rate in Seychelles is moderate. Tax rates at a glance _ Trades Tax (customs duties)……………0%/25% • 94% of the tariff lines rated at 0% • Trades tax mostly concentrated on the 4 main revenue generating items; • Fuel……………….SR 4 (US$ 0.30 ) • Alcohol………..SR 40 – SR 240 per litre (Us$ 3 – US$18) • Tobacco…………..SR 500 (US$ 38) per 200 cigarettes Tax Regime

11. Motor Vehicles …25% • Trades tax is calculated on the CIF (Cost, Insurance and Freight) value of the goods • Excise Tax -A tax levied on four excisable goods imported or locally manufactured in Seychelles: • Cigarettes or tobacco (US$39 per 200 cigarettes) • Alcoholic beverages (depending on the volume and percentage of alcohol – US$1.7 – US$9.2) • Motor Vehicles (depending on the cc -25% to 75%) • Petroleum Products (US $ 0.31 per litre)

12. Goods and Services Tax (GST) The GST is calculated as a percentage of the landed cost of goods in Seychelles plus the Trades Tax and Excise Tax (if applicable). The rate is 15% _ As from the 1st January 2013 the Goods and Services Tax will be replaced by the Value Added Tax

13. VAT Rates Standard rate: 15% Zero-rated supplies: 0% Exempt supplies VAT cannot be charged on: sales by an unregistered person; sales of private property (e.g. a car or home not used for business); exempt supplies. There are two categories of exemptions under the VAT Act, 2010: exempt imports; and exempt supplies

14. (a) Exempt imports include: basic essential goods (e.g. sugar, pharmaceuticals, rice, milk, lentils, salts etc); • Goods on transit; • Goods imported to be used in the process of renewable energy.

15. Income and Non-Monetary Benefits Tax - levied on employed person emoluments. ……..…….15% - Non-Monetary Benefits tax payable by Employer ..20%

16. Business Tax (Corporate Tax) - Source Principle 1) Entity, government body or a trustee; a) 25% of the first SR1,000,000(approx US$77,000) of taxable income, and 33% of the remainder. 2) Any other person other than an entity or government body; • 0% of the first SR 150,000 (approx US$12,000)of taxable income • 15% between SR150,001 and SR1000,000 of taxable income, and 33% of the reminder

17. 3) The rate of business tax payable by a non-resident person is 3% (International Transportation -Ship and Aircraft on gross income) 4) Withholding tax rate on dividend, interest and Royalty paid to non resident is 15%, where there is no Double Taxation Avoidance Agreement. (DTAA)

18. No capital Gain Tax • No tax on pension

19. THANK YOU