Again and again we are asked about it by email or chat, also in offshore forums or in various groups, e.g. on Facebook etc., it is written again and again about the fact that the Seychelles are blacklisted, i.e. the EU has put them on the blacklist of harmful preferential tax systems.
Here you can read why it is good:
EU Black listed is good | Seychelles | offshore.sc
First of all, there is NONE black list in the EU, the wording is rather
"On 18 February 2020, the EU revised its list of non-cooperative jurisdictions for tax purposes."
In other words, a list of non-cooperative countries as defined by the EU for tax-damaging forms of business.
From a founder's point of view, this is rather a big advantage, as it implies that Seychelles does not give in and provides information on offshore IBC formations to the EU and its member states.
For the Seychelles it is also rather unlikely to agree to the EU requirements, or the exchange of information to be EU compliant.
It is important to note that the Constitution of Seychelles provides for the right not to provide data and information to third parties.
According to the "Las Vegas motto", what is in the Seychelles stays in the Seychelles.
It is therefore forbidden, by law and under penalty of punishment, to transmit data to third parties.
The only possibility, for which the Seychelles have also agreed, is the disclosure of data, if the crimes are real, major crimes, explicitly, - terrorist financing, arms trafficking, drugs. So if money laundering is used to try to do these things.
Nothing! In all the years that Seychelles has been on their list, it has stayed that way. No sanctions, no restrictions, nothing happened.
Nor can there be no agreement between the EU and Seychelles, as Seychelles is very independent.
There is also no offshore bank in the Seychelles where one could possibly prevent, block or deny money flows. Therefore, there is no exchange of information here either.
On top of that, there are no personalities in the Seychelles on whom one could exert pressure with personal sanctions, as they often happen in e.g. Russia or elsewhere.
Of course! There are rumours circulating that this could be a sanction of the EU and its member states, or their tax authorities and tax offices, invoices issued by Seychelles companies to companies in the EU are simply not accepted. So that they could not be used and credited for tax purposes, financial statements etc.
This is not correct!
Only the OECD is decisive for such possible measures and the Seychelles is by no means on such a "black list" with the OECD.
Therefore, this is just playing with fear and there are no cases where a compliant invoice that actually lists goods or services from Seychelles has not been accepted by European tax authorities.
There may have been individual cases where, for example, excessive price calculations were played with, i.e. unjustified, credible prices for services were stated on invoices that were not logical or compatible, comparable to European prices and had led to them not being accepted by the tax authorities.
A compliant invoice issued in Seychelles is deductible, can be easily claimed and used for tax purposes.
Therefore, do not be impressed by the negative interpretations of a black list and do not let them dissuade you from your plans.
Especially the year 2020 has shown that it is good and very right to position itself internationally as quickly as possible with an IBC (International Business Company) of the Seychelles, to redesign the future for itself, which will be more globalized than before.
Here you can read why it is good:
EU Black listed is good | Seychelles | offshore.sc
What is wrong with being on an EU blacklist?
First of all, there is NONE black list in the EU, the wording is rather
"On 18 February 2020, the EU revised its list of non-cooperative jurisdictions for tax purposes."
In other words, a list of non-cooperative countries as defined by the EU for tax-damaging forms of business.
From a founder's point of view, this is rather a big advantage, as it implies that Seychelles does not give in and provides information on offshore IBC formations to the EU and its member states.
For the Seychelles it is also rather unlikely to agree to the EU requirements, or the exchange of information to be EU compliant.
It is important to note that the Constitution of Seychelles provides for the right not to provide data and information to third parties.
According to the "Las Vegas motto", what is in the Seychelles stays in the Seychelles.
It is therefore forbidden, by law and under penalty of punishment, to transmit data to third parties.
The only possibility, for which the Seychelles have also agreed, is the disclosure of data, if the crimes are real, major crimes, explicitly, - terrorist financing, arms trafficking, drugs. So if money laundering is used to try to do these things.
What concrete action can the EU take with its list against Seychelles?
Nothing! In all the years that Seychelles has been on their list, it has stayed that way. No sanctions, no restrictions, nothing happened.
Nor can there be no agreement between the EU and Seychelles, as Seychelles is very independent.
There is also no offshore bank in the Seychelles where one could possibly prevent, block or deny money flows. Therefore, there is no exchange of information here either.
On top of that, there are no personalities in the Seychelles on whom one could exert pressure with personal sanctions, as they often happen in e.g. Russia or elsewhere.
Are invoices from Seychelles companies accepted by the EU tax authorities?
Of course! There are rumours circulating that this could be a sanction of the EU and its member states, or their tax authorities and tax offices, invoices issued by Seychelles companies to companies in the EU are simply not accepted. So that they could not be used and credited for tax purposes, financial statements etc.
This is not correct!
Only the OECD is decisive for such possible measures and the Seychelles is by no means on such a "black list" with the OECD.
Therefore, this is just playing with fear and there are no cases where a compliant invoice that actually lists goods or services from Seychelles has not been accepted by European tax authorities.
There may have been individual cases where, for example, excessive price calculations were played with, i.e. unjustified, credible prices for services were stated on invoices that were not logical or compatible, comparable to European prices and had led to them not being accepted by the tax authorities.
A compliant invoice issued in Seychelles is deductible, can be easily claimed and used for tax purposes.
Therefore, do not be impressed by the negative interpretations of a black list and do not let them dissuade you from your plans.
Especially the year 2020 has shown that it is good and very right to position itself internationally as quickly as possible with an IBC (International Business Company) of the Seychelles, to redesign the future for itself, which will be more globalized than before.
