A CSL is a Seychelles domestic company (under the Companies Act 1972), which enjoys various fiscal concessions by virtue of being granted a special licence under the Companies (Special Licence) Act 2003.
The CSL is liable to Seychelles corporation tax, levied under the Business Tax Act at the rate of 1.5% on its world-wide income, and therefore is eligible for residency if certain conditions are met.
A CSL will enjoy this low rate of tax for a period of ten years from the date of incorporation, and thereafter unless a written law in the future provides otherwise.
The "tax resident" CSL (unlike the tax exempt IBC) may access Seychelles' steadily expanding network of Double Taxation Avoidance Agreements. The Seychelles has several double taxation treaties signed with:
- South Africa
- Malaysia
- Thailand
- China
- Mauritius
- Oman
- Botswana
- Vietnam
- Cyprus
- United Arab Emirates
- Zimbabwe (not ratified yet)
- Belgium (not ratified yet)
- Qatar (not ratified yet)