Seychelles Announces Changes Made in Preferential Regimes to Comply with BEPS Action 5

On 28 January 2019, the Seychelles Ministry of Finance, Trade Investment and Economic Planning issued a release on the review of preferential tax regimes and changes made to comply with BEPS Action 5. This includes a review of the following:

• International Business Companies (IBC);
• Companies (Special Licenses) (CSL);
• Export Services under the International Trade Zone (ITZ);
• Offshore banking (Segment 1 banking license);
• Non-domestic insurance business;
• Reinsurance business;
• Securities busines…