Tax Havens vs. Tax Hells: The Difference Needed By The Sovereign Individual

Seychelles is one of the smallest countries in Africa (and the world), but it has a GDP per capita of 7.5x the continent's average.

Seychelles is considered a tax haven, because has a very low tax regime that attracts many foreign business, so it is blacklisted by the G20 countries, Fiscal Hells, due to its extremely low tax rates and financial secrecy policies.

There is no capital gains tax, inheritance tax, or withholding tax in Seychelles. The corporate tax rate is only 15%, and there is no tax on dividends, interest, or royalties.

Seychelles also has no restrictions on foreign ownership of local companies.

Seychelles has developed a robust offshore financial services sector, including banking, insurance, and fund management.

In addition to the favorable tax environment, Seychelles also has strict financial privacy laws, making it an attractive destination.