RIGHT: THE DESIRE IS TO CREATE
A COMMUNITY HERE THAT IS
COSMOPOLITAN YET ECLECTIC
Innocent child. She will never know the horrors I have seen.
Bond hated paperwork. Adventure, danger and women were his lifeblood. Filing reports and collating statistics were akin to injecting one of Q Branch’s somatic serums. However, this was, Bond had to concede, what he actually got paid for. He rolled a sheet of standard issue, light draft paper into the Olympus and, with one deadly finger, stabbed the tab button.
The Seychelles have only recently been opened to foreign purchasers, offering home ownership benefits, including tax advantages, national residency, political and economic stability and a safe living environment. Zil are certainly a leading force in these changes.
The ambition and passion are unsurpassed. Are the economic foundations of this fantasy island solid? From an investment perspective, the outlook is very good. There has been no drop in the Seychelles’ property market, with Zil projecting a 10% appreciation over the next decade. Furthermore, the company’s connections have guaranteed exclusivity.
THE -ELEVATOR.COM THE-ELEVATOR.COM
Building is soon to be limited in perpetuity on the islands. Prices range from GBP 3,500,000 for 77sq meters to GBP 7,100,000 for 1,400 sqm. The Seychelles’ economy has been made stable due to an IMF program and free movement of capital (through a bank) is available. There is no income tax on the Seychelles, with only a 12% consumption tax and 10% stamp duty for non-Seychellois residents. Buying here will give you and six named individuals, residency for 5 years and because of disclosure rules and the desire to keep the islands’ status on the international tax ‘white’ list, the buyer profile will be kept ‘desirable’. However, anonymity can be maintained whilst still satisfying the government’s rules on transparency. The desire is to create a community here that is cosmopolitan yet eclectic.
At this time, business tax will not be payable on any sale profit. Buying to rent is advantageous, with all purchases and rental procedures conducted through Zil.
Because this will be part of the resort business, the rental customers will pay tax, not the owner. Income will be split 70/30 in favour of the owner.
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