06.19.06
Seychelles IBC and CLS taxation comparison
The CSL is resident in the Seychelles for tax purposes. The IBC is a non-resident for tax purposes.
Seychelles IBC is prohibited to carry on business in the Seychelles. As to the CSL, it may carry on legal business both inside and outside the Seychelles. It may have an office in the Seychelles to direct its operations from and to manage and control company. In such a case, it receives duty exemption on the furniture and office equipment imported for the office and gets social security concessions for its employees.