Does a Seychelles IBC have to pay taxes?

An IBC is not taxable in Seychelles, so there is NO tax on an IBC in Seychelles. Section 109 of the Seychelles International Business Companies Act ("Exemptions") states that "A company incorporated under this Act or a shareholder thereof shall not be subject to any tax or duty on income or gains accruing to or arising from such company or in connection with any transaction to which such company or shareholder is a party".

Depending on the specific activities of the IBC, it may have to pay taxes in other countries. We recommend that you consult a tax advisor in the countries where the IBC will operate.

You can find more and further information in our Lexicon/Glossary or in the IBC Act.