Seychelles Wealth Tax Guide: No Wealth Tax, No Net Worth Tax 2026
Seychelles does not impose any form of wealth tax, net worth tax, or solidarity tax on individuals or companies. There is no annual tax on total assets, financial wealth, or high net worth. This makes Seychelles an attractive jurisdiction for wealth preservation. Here is how wealth taxation works in 2026.
Unlike several countries that levy annual wealth taxes (France, Norway, Spain, Switzerland), Seychelles has completely abstained from introducing any recurring wealth-based tax. There is no tax on net worth, no tax on financial assets, no tax on bank deposits, and no tax on investment portfolios. This policy aligns with Seychelles' strategy to attract foreign investment and high-net-worth individuals. No inheritance or gift tax either →
Real-world example: An individual with net worth of SCR 50,000,000 (cash, shares, real estate, businesses) in Seychelles pays SCR 0 in wealth tax. In France, the same net worth would trigger the Impôt sur la Fortune Immobilière (IFI) at progressive rates up to 1.5% on real estate assets above €1.3 million. In Norway, wealth tax of 1.1% on net worth above NOK 1.7 million would apply. Over 10 years, the Seychelles-based individual saves potentially millions compared to these jurisdictions. Personal income tax →
What Seychelles Does Not Tax
- Net worth: No annual tax on total assets minus liabilities
- Financial assets: No tax on shares, bonds, mutual funds, ETFs, or other securities held
- Bank deposits: No tax on cash held in bank accounts
- Real estate holdings: Only annual property tax on rental value, not market value
- Business assets: No tax on company shares, partnership interests, or business ownership
- Luxury assets: No tax on art, jewellery, vehicles, yachts, or other luxury goods
Taxes That Do Apply to Asset Owners
While there is no wealth tax, asset owners in Seychelles face some related taxes and costs:
- Income tax on investment returns: Dividends and interest are tax-free (0% WHT), but business income is taxed at PIT/CIT rates
- Stamp duty on property transfers: 0.5% one-time tax on purchase
- Annual property tax: 0.25-1% on assessed rental value (not market value)
- VAT on consumption: 15% standard rate on goods and services
- CIT on corporate profits: 25% standard rate
Comparison with Wealth Tax Countries
- Seychelles: 0% wealth tax, 0% net worth tax
- France: IFI up to 1.5% on real estate assets above €1.3M
- Norway: 1.1% on net worth above NOK 1.7M
- Switzerland: Cantonal rates 0.2-1% on net worth (varies by canton)
- Spain: Wealth tax up to 3.5% on net worth above €700K
- Netherlands: Notional return tax on savings and investments
- Mauritius: 0% wealth tax (similar to Seychelles)
Could Seychelles introduce a wealth tax in the future?
As of 2026, there is no legislative proposal about introducing a wealth tax. Government tax policy focuses on maintaining competitive rates to attract foreign investment. CIT and VAT remain the primary revenue sources.
Is there any minimum tax for wealthy individuals?
No. Seychelles does not have an alternative minimum tax, a minimum wealth tax, or any deemed income tax for high-net-worth individuals. There is no exit tax for individuals leaving Seychelles either.