I'm confused one site said you have to reside in Seychelles for 15 years but another website I checked said 5 years to get citizenship. So which is it 15 years or 5 years?

Oh wow - it's beautiful Michael! And it's a tax Haven....if only the banks in Seychelles were better, and crypto friendly? Thank you Bri

@OffshoreCitizen

2 жыл бұрын

Have you been to Seychelles? Any favorite islands?

@Bri-wi8kq

2 жыл бұрын

@@OffshoreCitizen Not yet - it's now on my bucket list. I liked Sri Lanka.

Great video.

@OffshoreCitizen

2 жыл бұрын

Thank you! What do you think about Seychelles?

@thabanimaulets

2 жыл бұрын

@@OffshoreCitizen Nevis and Kitts is still my number 1 honestly, will book a call soon. I need somewhere, where I can withdraw my crypto easily.

Great Video. If you are buying in Seychelles please do a video on it. Have you been to Mauritius? If so how the 2 compare say if one had to choose one as a place to spend a couple of months a year.

@OffshoreCitizen

2 жыл бұрын

Unfortunately not yet, but hopefully soon! :)

@dwlof

2 жыл бұрын

@@OffshoreCitizen Thanks for your reply. If you are buying in Seychelles please do a video on it. It would be very interesting.

How much it costs to get residency there? Is it available for Russians?

I just looked up passport comparison. ON par with St Kitts passport with a few differences.

@OffshoreCitizen

2 жыл бұрын

Right? Have you ever been to Seychelles?

@lovelover4864

2 жыл бұрын

@@OffshoreCitizenhello brother I want ask you about Seychelles citizenship through marriage

Hi Michael thanks for the info. In terms of price how much would it require to obtain residency in Seychelles ? I imagine there’s no coopération tax as well. Thanks

what do u recommend someone who is doing print on demand busniess living in UK when it comes lower/avoid/deal with tax?

@jeremyleonbarlow

2 жыл бұрын

Is the POD business operating via a third-party company like a teespring that pays a royalty to the designer, or is if a company operating via it's own online store contracting with an independent printer to print & ship, or a combination of the two? It can make a difference. In the royalty model, then tax treaties will matter in terms of who is doing the paying and where you are living when you are being paid. I mean only a few countries get really favorable tax treatment for KZread royalty payments withholding for example because the US tax treaty network is not very forgiving. If you are using a third-party printer then where you can get banking for the company becomes a bigger concern in terms of structuring.

@OffshoreCitizen

2 жыл бұрын

This is a complex question because substance matters. You can't just sit in UK doing everything and create some structure to pay no tax. You actually need foreign substance to comply with UK rules. The best is to send us a message and we can discuss specifics as they apply to you.

Can I setup a crypto based company in Seychelles? Also, I don't understand what you meant by it having a corporate tax rate of 25% and you said it's a tax haven. Please clarify

@OffshoreCitizen

10 ай бұрын

Best to reach out to us through www.offshorecitizen.net for specific questions about your situation

How can I naturalise as a Seychelles citizen from Ghana as I’m currently holding Ghanaian citizenship

@emmanuelblez3356

Жыл бұрын

To get America citizenship is easier than to seychelles citizenship

Cmon, no need to make us envy you on each and every post....

What is the other tropical paradise?

Hey Michael. So interesting todays video. I have a question for you that I been looking for but I didn't ser the answer. Lets imagine that I have a 5 million account in an Australian broker. Can I withdrawal only 500k to get my Portugal (for example) Visa and then withdrawal the 4.5M in Portugal to pay less taxes?

@OffshoreCitizen

2 жыл бұрын

I presume you're thinking about $5m unrealized gains. If so then no there's an exit tax from Australia among a few other issues.

@krustyaxelrod

2 жыл бұрын

@@OffshoreCitizen sorry Michael but I dont get it...Could you explain me in another way please?

@TkSebastian

2 жыл бұрын

@@krustyaxelrod u have an exit tax on the investment before u leave Australia ..

as a South African and an extremely poor exchange rate to the world ,what is a good option for residency in your opinion ,that wont take 5 years to attain,regards Louis

@jeremyleonbarlow

2 жыл бұрын

The UAE is probably the easiest, though not cheapest place to establish residence that is exceptionally tax friendly with an extensive double tax treaty network including South Africa. I mean if you can spend 183 days a year in UAE you are tax resident there and you can get a residency permit by establishing a free zone company there which is a zero tax company for the next 50 years. The personal income tax rate is zero and they have excellent connectivity to Europe, Asia, and Africa. Probably the easiest country to get residency that is cheap and can be tax friendly to a solo entrepreneur at least under a certain income is the Republic of Georgia. Establishing a company there is a good way to obtain residency. For under around $160k USD in turnover a year the tax rate is 1% for a sole proprietor. Severing your ties to South Africa is probably the most important part of your tax planning involving South Africa. Get rid of a permanent home, get rid of any vehicle registered in the country, don't have so much as a PO box left in your name in the country. Don't spend more than 30 days a year there, and probably zero for several years. More importantly take care of the paperwork with SARS to end your tax residence in South Africa.

@OffshoreCitizen

2 жыл бұрын

From your question of "it not taking 5 years to attain" it sounds like you're asking about citizenship? If so almost all countries take 5 years or more to get citizenship unless you do so by donation. You can check out our video on fastest citizenships for a few exceptions, though they generally have their own trade offs.

Hello everybody!Thank you very much for this video!If among you does someone who lives on Seychelles and knows about actually cost of buying lands and cost of construction works at the islands, who be so kind to answering for my few questions about it.First of all I heard that they're have rules restrict purchasing of property for foreigners.Is there differens between cost of land for local people (with citizenship) and for foreigners without it? There are a lot of lots and advertising with high priced villas, for an example for 2.000.000 usd.I understand that these offers oriented on foreigners with tug wallets.Ok.The question number two) What will do a common Seychelles citizen that he want to live in a new house?Does he takes a loan?How much in average?How much does it cost?For an example a new land plot(800 square meters) + tiny house(2 bedrooms 50-110 metters total that have engineering systems such as,electrishion ,water supply and waste water dump, ready for move in?(without furniture) May be I can't use Googling correctly,but I can't find some "huge" internet site with significant amount of property for sale especially for locals.Does it exist or not?Thank you a lot for your advices)

@emmanuelblez3356

Жыл бұрын

Where do you live

Which one is the first paradise if Seychelles is one of the the 2 .

@OffshoreCitizen

2 жыл бұрын

Maldives :)

#1 most beautiful tropical paradise being Edmonton, I guess? 😆

@OffshoreCitizen

2 жыл бұрын

Haha probably :D What would be the #1 in your case?

Michael - you really need to back up WHY I would use it for business after you told us the taxes are NOT GOOD compared to other possibilities. You never did tell us why it's a good idea unless I am into crypto.

@OffshoreCitizen

2 жыл бұрын

Same reasom as the other traditional tax havens, banking and blacklists

👍🏻

not true. 15 years

Citizenship with 5 days residence in 5 years? This is completely incorrect. Where do you get this from? As found in the Citizenship Act 2013 Part 2 Section 5.1.3 " has been a legal resident for an aggregate period of 15 years or more or permanent resident for a period of 10 years immediately before making an application, and has been physically present in Seychelles for an aggregate period of at least 13 years" No chance of citizenship without living in the country. Someone married for 10 years, of which 5 are residents in Seychelles is possible, or graduates in Seychelles can apply if they obtain PR after 5 years.

@TC-vc7oe

2 жыл бұрын

Hmmm, now I don't know who to believe....

@OffshoreCitizen

2 жыл бұрын

We never said that. In order to keep residency one needs to spend at least 5 days per year in the country. This will never lead to citizenship of course! One will just be a resident this way. In order to qualify for citizenship one needs to actually reside in the country for years. How many years will depend on their circumstances.

@davidbonellie8877

2 жыл бұрын

@@OffshoreCitizen 03:08 "but it's not that difficult to get citizenship. It's about five years of maintaining residency. It's not that difficult to get residency here, you can can get permanent residency as well" 04:03 "it only takes five days a year to maintain residency." Putting two and two together from your video = five days a year for five years = eligible to apply for citizenship. It is very misleading if anything. I agree Seychelles is a great place for residency. But from my research I would say it one of the toughest countries to get citizenship as a foreigner. 2021, Parliament included new laws to be adopted which would further make it more difficult.

In a sea of copycat destinations...you have hit an original...say more, please.

@OffshoreCitizen

2 жыл бұрын

Have you been to Seychelles? How did you like it here?

Top two the other being..?

@anonymous6594

3 ай бұрын

He said the other was Maldives in the comments.

take a car and go around. Your beach looks a little dull. See you on Mauritius. Its two hours from Praslin

@paulovitoriano6499

Ай бұрын

Two hours maybe by a private jet? As far as I am aware there are no direct flights between Seychelles and Mauritius.