Seychelles Foundations

Licenced And Regulated In Seychelles

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Come here from time to time to get news, insights
and guidance from the Seychelles .

EU removes Seychelles from blacklist of non-cooperative jurisdictions for tax purposes

The European Council has removed Seychelles from the EU’s list of non-cooperative jurisdictions for tax purposes. The Seychelles’ Finance Minister expressed satisfaction with this development, noting that it reflects Seychelles’ commitment to tax transparency. The country had been previously rated as “partially compliant” by the Global Forum but has since made progress in addressing the …

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Seychelles receives positive rating on 5 FATF anti-money laundering measures

The Seychelles has been upgraded on five recommendations by the Financial Action Task Force (FATF) following the 45th meeting of the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG). The upgrade shows progress in strengthening measures to tackle money laundering and terrorist financing. Seychelles has made progress in addressing deficiencies against recommendations 5, 19, 25, …

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Seychelles deemed low-risk for non-profit organizations financing terrorism

Seychelles has been assessed as having a low risk of non-profit organisations (NPOs) being used to finance terrorist activities, according to a national risk assessment report. The report was validated at a workshop at the Eden Bleu hotel, and is part of the National Risk Assessment for Non-Profit Organisations (NPOs) launched in 2022. The assessment …

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Fitch Ratings has announced that Seychelles’ credit ratings remain at ‘BB-‘

Fitch Ratings has announced that Seychelles’ credit ratings remain at ‘BB-‘ with a stable outlook in 2023. The ratings reflect the country’s solid tourism recovery, stable growth prospects, low inflation, and a stable economic framework. The Seychelles tourism sector had a solid recovery in 2022, with tourist arrivals surging by 82% YoY, reaching 86.4% of …

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Seychelles is currently developing a national policy to regulate virtual assets.

Seychelles is developing a national policy on virtual assets in response to an increasing number of complaints regarding activities using cryptocurrency. The country’s finance minister, Naadir Hassan, revealed that a report on a national risk assessment done by the Financial Services Authority (FSA) had prompted the move. The policy will aim to provide a legal …

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Seychelles Tax System 2023

The Seychelles Tax System operates on a territorial tax regime where only income sourced in Seychelles is liable to tax. The definition of Seychelles sourced income includes income from business activities conducted, goods situated or rights used within Seychelles’ physical territory. Any income earned outside of Seychelles is considered non-Seychelles sourced income, also known as …

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Seychelles regulatory framework for payment systems to be updated soon

The Seychelles Cabinet of Ministers has approved new rules to regulate payment systems and services, which will be updated to align with international standards and improve efficiency.The amendments will be made to the National Payment System Act, which currently gives the Central Bank of Seychelles the power to regulate and oversee the country’s payment system. …

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