Seychelles

{"ftc_utility":"low","fbar_trigger_notes":"US expats with Seychelles bank accounts exceeding $10,000 aggregate must file FinCEN 114 (FBAR). Local banks such as MCB Seychelles and Nouvobanq are accessible to residents. Opening accounts may require proof of residency and employment documentation.","ftc_utility_reason":"Seychelles personal income tax rates top out at 20%, which is below the US top marginal rate. Some earned income may fall in lower brackets (0% or 15%). The FTC can offset some US tax liability on Seychelles-taxed income, but the relatively low local rates mean the credit covers only a portion of US tax due. FEIE is typically more beneficial for most US expats earning in Seychelles.","presence_day_count_notes":"Seychelles does not issue standard long-term residence visas in the conventional sense for most nationalities - entry is visa-free for up to 3 months and extensions are possible. Obtaining formal residency status to support a bona fide residence claim requires a residence permit, which is available but requires proof of income or employment. The 330-day physical presence test is achievable but maintaining legal status for that period requires active permit management.","typical_qualifying_method":"either","housing_exclusion_available":true,"physical_presence_test_applies":true,"estimated_housing_exclusion_usd":18000,"local_tax_rate_on_earned_income":0.2,"bona_fide_residence_test_applies":true}

{"pension_income":{"notes":"Pension income earned from Seychelles-source employment is subject to the standard progressive income tax rates up to 20%. Foreign pension income tax treatment is uncertain due to absence of treaty and limited published guidance; source-based system may exclude foreign pensions in practice.","tax_rate":0.2,"locally_taxed":true},"social_security":{"notes":"No US-Seychelles totalization or income tax treaty exists. US Social Security benefits received by Seychelles residents are foreign-source income and are not typically subject to Seychelles income tax under the source-based system, but no explicit statutory exemption covers this.","locally_taxed":false,"treaty_protection":false},"roth_distributions":{"notes":"Roth distributions are generally return of after-tax capital and not recognized as taxable income in most territorial or source-based systems. Seychelles has no specific legislation addressing Roth accounts. No treaty protection exists.","locally_taxed":false},"us_401k_ira_distributions":{"notes":"No tax treaty exists between the US and Seychelles. Distributions from US 401(k) or IRA accounts received by Seychelles tax residents are treated as foreign-source income. Seychelles taxes residents on Seychelles-source income under a territorial-adjacent system; foreign pension distributions may fall outside Seychelles taxable income in practice, but there is no formal exemption and the position is uncertain. The top personal rate of 20% would apply if treated as taxable income.","tax_rate":0.2,"locally_taxed":true,"treaty_protection":false}}

{"rate":0,"notes":"Seychelles does not impose a capital gains tax. Gains from the sale of assets are not taxed at the individual or corporate level.","details":{"tax_type":"Capital Gains Tax","country_name":"Seychelles","country_iso_code":"SYC","source_references":["Seychelles Revenue Commission","Business Tax Act (Seychelles)","KPMG Seychelles Tax Profile"],"last_verified_date":"2026-06-03","general_description":"Seychelles has no capital gains tax regime. Neither individuals nor corporations are subject to tax on capital gains from asset disposals, including real property and securities.","corporate_capital_gains":{"rate":0,"tax_treatment":"Exempt - no capital gains tax applies to corporations in Seychelles"},"individual_capital_gains":{"rate":0,"tax_treatment":"Exempt - no capital gains tax applies to individuals in Seychelles"}}}

{"notes":"Dividends paid to non-residents are subject to a 15% withholding tax under the Business Tax Act. Dividends received by resident individuals from Seychelles-registered companies are generally not subject to additional personal income tax, as corporate profits are taxed at the company level. Tax treaties may reduce the withholding rate.","rates":[{"rate":0.15,"type":"withholding","notes":"Standard withholding rate on dividends paid to non-residents"},{"rate":0,"type":"exempt","notes":"Dividends received by resident individuals from domestic companies are generally exempt from further personal income tax"}]}