Grants new business tax exemption to infant companies
10 Mar 2025
On 10 March 2025, Seychelles adopted the Business Tax (Exemption of Tax for Infant Companies) Order, 2025 (S.I. 13 of 2025), granting tax exemptions to eligible businesses.
Under the Order, qualifying infant companies are exempt from business tax for a period of five years from the date they commence operations. An infant company is defined as a business registered in Seychelles that is within its first five years of operation and engaged in activities specified in the Order.
Eligible sectors and activities include:
(i) the manufacturing sector (e.g. processing and preserving of fruits and vegetables, manufacture of dairy products, other food products, final products from organic waste, botanical products, soaps, perfumes and toilet preparations);
(ii) the blue economy sector (e.g. aquaculture, marine biotechnology); and
(iii) the digital economy sector (e.g. software development).
The Order entered into force on 1 January 2025 and will remain in effect until 1 January 2030.
Nature of measure:
Type:
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Promotion and facilitation (Investment incentives)
Industry:
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Not industry specific
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Primary (Agriculture, forestry and fishing)
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Manufacturing (Manufacture of food products, beverages and tobacco products, Manufacture of basic pharmaceutical products and pharmaceutical preparations)
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Manufacturing (Manufacture of food products, beverages and tobacco products, Manufacture of basic pharmaceutical products and pharmaceutical preparations)
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Services (Computer programming, consultancy and related activities)
Inward FDI:
No
Outward FDI:
No
Sources:
