Relocation intelligence

🇸🇨 Moving to Seychelles: tax, residency and cost of living

Territorial system, no capital gains, wealth or inheritance tax. Non-citizens get no tax-free band and pay 15% from the first rupee, rising to 30%. Mandatory pension contribution 5%. Corporate tax 25%.

Thinking of moving to Seychelles? Here is the tax, residency, property and quality-of-life picture in plain numbers, with sources.

Key facts

Top income tax
30%
Corporate tax
25%
Capital gains
0%
Wealth tax
No
Inheritance tax
No
Cost of living index
52
Safety
5/10
Internet quality
6/10
Visa-free destinations
156
Foreigners can own property
Yes
Residency in
6 months
Citizenship in
5 years

Taxes

Territorial system with no capital gains, wealth or inheritance tax. Non-citizens get no tax-free band and pay 15% from the first rupee, rising to 30%, plus a 5% pension contribution.

Residency and visas

Permanent residence requires an investment of at least 1 million dollars in a local business; naturalisation takes a long time.

Property ownership

Foreigners may buy only in designated zones such as Eden Island, with government approval.

Cost of living and quality of life

A tropical island paradise with high safety, but almost everything is imported (high costs), healthcare is limited with medical evacuation, and the low-lying island is climate-vulnerable.

Passport and mobility

The Seychellois passport is surprisingly strong, with about 156 destinations visa-free.

Why people move to Seychelles

  • Territorial, no capital gains or inheritance tax, strong passport

    Foreign income stays untaxed, there is no capital gains or inheritance tax and the passport gives about 156 destinations.

  • Expensive island, expensive residence permit, no tax-free band

    Non-citizens pay 15% from the first rupee, permanent residence needs a million-dollar investment and everything is expensively imported.

Honest trade-offs

  • Als niet-burger krijgt u geen belastingvrije som en betaalt u 15 procent inkomstenbelasting vanaf de eerste roepie, terwijl Seychellois de eerste SCR 102.666 per jaar belastingvrij ontvangen.
  • Permanente verblijfsvergunning vereist een investering van minstens 1 miljoen USD in een lokaal bedrijf, en naturalisatie duurt elf jaar met een taalexamen.
  • Buitenlanders mogen alleen vastgoed kopen in aangewezen zones zoals Eden Island, met overheidsgoedkeuring, prijsdrempels en 5 procent zegelrecht plus hoge bijkomende kosten.
  • Bijna alles wordt geimporteerd, waardoor boodschappen, huisvesting en consumptiegoederen op dit afgelegen eiland duur zijn.
  • De gezondheidszorg is beperkt en ernstige medische gevallen moeten naar het buitenland worden geevacueerd, terwijl bankrekeningen openen voor buitenlanders traag verloopt (12 tot 20 weken).
  • Als klein laaggelegen eilandland is Seychelles zeer kwetsbaar voor zeespiegelstijging, kusterosie en klimaatverandering.

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Sources

Other destinations