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Offshore Insurance

The Insurance Act contains provisions for the licensing of offshore insurance companies, insurance mangers and principal insurance representatives. That Act, which regulates domestic and non-domestic insurance business, is an excellent legal framework for conducting offshore insurance activities.

The law provides for full confidentiality, expect in cases involving criminal investigation. Like its banking counterpart, an offshore insurance company must be either a company limited by shares or an unlimited company incorporated or registered under the Seychelles Company Law.

Key Features of Offshore Insurance:

• the tax treatment of non-domestic insurance companies is similar to that given to offshore banks
• the present law provides for attractive guarantees against future taxes – twenty years from the date of registration

Associated Downloads

Insurance Act 2008 [1.62MB]

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