Seychelles
IBCs with no local activity are exempt from corporate income tax, including crypto mining. No VAT or capital gains tax on crypto. VASP licensing legislation passed in 2024.
FATCA Partner
Yes
FATF Status
Clear
EU Blacklist
No
Dual Nationality
Allowed
Bitizenship
Not yet
Tax Rates
Activity Taxes
Staking
0%
Mining
0% (equipment must be outside Seychelles)
DeFi
0%
NFTs
0%
Taxable Events
Crypto → Fiat
Not taxable
Crypto → Crypto
Not taxable
Holding Period
No holding period benefit
All gains tax-free for qualifying structures
Regulation & Residency
Regulatory Body
Financial Services Authority (FSA)
Residency Requirement
Residency permits available; investment options exist
Reporting Requirements
VASP licensing required since Aug 2024; CARF second-batch 2028
Citizenship & Residency Path
Residency via investment; citizenship after 5+ years
Notable Conditions
- →VASP legislation passed August 2024
- →Mining-friendly policies with clear business regulations
- →IBC structure provides full tax exemption for offshore activities
- →Second-batch CARF jurisdiction (2028)
- →Popular jurisdiction for crypto exchange incorporation
Living & Lifestyle
Cost of Living
Moderate
Banking Access
Moderate
Quality of Life
High
Lifestyle Scores