Beachfront property on a Seychelles Island
An increase in visitor numbers from the Middle East in Seychelles
Seychelles property for sale has been hailed as one of the world`s most unspoiled tropical destinations and after a significant increase in tourist arrivals, despite prevailing international conditions, looks forward to an even more successful year. A total of 132,246 visitors arrived in the country last year and the Seychelles Tourism Marketing Authority (STMA) aims to increase the number of tourist arrivals to reach 180,000 in the next five years. The Seychelles stand at the Arabian Travel Market which is being held at the Dubai Airport Expo from 06 May to 09 May 2003, highlights the various unique selling points of this island nation. Seychelles has adopted a far-sighted policy of developing tourism with an ecological thrust - over half of the country`s limited landmass has been set aside as protected nature reserves and top priority is given to ensuring sustainability through the protection of the environment.
At a press conference held in Dubai, key representatives of the Seychelles Tourism Marketing Authority revealed the latest initiatives and new developments in the Seychelles.
26.06.2007 Real estate Seychelles Seychelles: Taxes and Costs
The Seychelles have territorial taxation, so only locally-sourced income is taxed, there is no income tax; however, rental income on residential property Seychelles is covered by the Business Tax Act 1987, which governs company taxation in the Seychelles.
The Act states that resident, non-resident corporate and non-corporate businesses are liable to pay business tax on their income derived from the Seychelles. Income is defined as all income received by a sole trader, partnership, trust estate or company, less a number of types of exempted income. The proceeds of rental properties other than dwellings are excluded – i.e., rental income from letting dwellings is taxable.
Repairs, expenses incurred relating to lease documents, and other expenses in producing rental income are deductible against the gross rental income.
Note that an entity with a Certificate of Approval under the Investment promotion Act 1994 may be exempt from part of all of the Business Tax, or may have special deductions or tax credits.
(from www.bestbulgarianproperties.co.uk - don't ask)
Real estate in Seychelles Seychelles: Paradise becomes Affordable
Previously a reserve of rich and maybe infamous Seychelles, the island of 115 islands has just got a brand new real estate Seychelles man-made island added to it. The 116th Island called Eden has reclaimed 95 acres of land using the same technology used in The World Islands in Dubai.
Eden homes are an attempt to open Seychelles to a more main stream market with starting prices of £155,000 for small villas to £1.5m for large hearted buyers looking to snap up large sea facing villas. Read more about it here.
(from www.bestbulgarianproperties.co.uk)
Seychelles real estate Property Investor information for Seychelles
The property in Seychelles archipelago occupies the western part of the Indian Ocean and the islands are spread over an Exclusive Economic Zone of 1.3 million square kilometres. The main island, Mahe, lies some 1800km off the east coast of Africa. Seychelles comprises 115 islands and boasts the only mid-ocean granite islands in the world. The 40 mountainous granite islands are found within a radius of 50km from the main island, Mahe. The remainder which are coral islands and flat are generally spread over a larger area towards the south and south west of Mahe.
Among the 115 islands of the Seychelles you will find the luxuriant, tropical paradise that appears in countless advertisements and glossy travel brochures. However, seductive the images, they simply can't compete with the real-life dazzling beaches and crystal-clear waters.
There are more shades of blue and green in the Seychelles than it is possible to imagine. Forming a backdrop to the relaxed tropical image of the Seychelles are the rhythms, colours and flavours of Africa and gris gris, the local brand of black magic.
(from www.bestbulgarianproperties.co.uk)
Seychellois property Minister blasts developers who destroy Seychelles wetlands
The Minister for Environment and Natural Resources, Ronny Jumeau, lambasted hotel developers who disregard Seychelles property land for sale sensitive wetland ecosystems in a speech on Thursday morning to launch local celebrations of World Wetlands Day.
The theme for this year's wetlands day was "Supporting life, sustaining livelihoods" and Minister Jumeau took aim at developers who threaten Seychelles long-term sustainability by polluting fragile marshes.
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Seychellois real estate Pezula Private Island & Residence Club in Seychelles launched
Following the immense success of one of the world’s most exclusive clubs, the new property Seychelles Pezula Private Residence Club in Knysna, on South Africa’ scenic Garden Route, which sold out in eight weeks, the Pezula Group is adding another select resort to the Group’s portfolio - the Pezula Private Island & Residence Club, located on its own private tropical island paradise in the Seychelles. For a very fortunate few, the Pezula Private Island & Residence Club offers a private island paradise in this spectacular location for 21 days a year in perpetuity. Just ten houses are being built on this idyllic Indian Ocean isle, each with four bedroom suites and extensive outside terraces, a private pool and a private beach. The exclusivity of this private Pezula Island in the Seychelles and the limited number of properties, means there will be only a maximum of 80 people in residence on the island at any one time.
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TimesOnline Jan 2008
THE HUNT for a status home has taken buyers many places - but the most determined are now eyeing a slice of distant Gondwanaland. That ancient supercontinent sheared apart 100 million years ago, leaving Africa, South America, Antarctica and Australia adrift. When India made a late escape 40 million years on, almost nothing was left. The few remaining fragments are a smattering of sand-fringed islands in the Indian Ocean, heavy with vast cubes of granite and the kind of crisp, chlorophyll-rich jungle you would assume had disappeared thousands of years ago. These are the Seychelles, the latest property hot spot for the super-rich. more...
Telegraph Feb 2008
You're in the market for a tropical holiday home. You want all the essential trappings -ivory sands, crystalline waters, swaying palms - but without the Caribbean crowds. Check out the Seychelles, the time-warped archipelago of 115 islands drifting contentedly in the Indian Ocean some 1,000 miles off the coast of Kenya.
The time is ripe. Changes in the law on property ownership have recently been introduced in a bid to open up the islands to more foreign investment. Until last year, foreigners could buy only if they struck a high-value deal with the islands' government and submitted themselves to a rigorous vetting procedure. more...
Telegraph June 2006
The Seychelles have long been the holiday hideaway of choice for the wealthy. Now, for the first time, foreigners can buy property there too...
Situated a hefty 12 hours' flying time from the UK, close to Mauritius and Réunion, the Seychelles are renowned for lush green scenery, cloudless skies and perfect blue seas. Hundreds of uncrowded beaches offer a haven for giant tortoises, turtles and tourists, ox-carts transport visitors along unmade roads, while the most arduous activities you are likely to undertake are snorkelling and water-skiing. more...
Evening standard Feb 2008
"The Seychelles has a young government determined to encourage investment," says Stephen Owen of Dhevatara. Environmental policies are in place and planning restrictions are, so far, quite tough.
..Buying and selling costs for foreigners have been high in the Seychelles. Many developers have negotiated reduced tax levels. At Eden Island you will pay only a two per cent legal fee, while stamp duty at Four Seasons is five per cent...
Wilbur Smith in Seychelles
South African Novelist Wilbur Smith has a house at Cap Colibri on Cerf Island in Seychelles.
He describes it as “one of my favourite places on earth - my home at Cap Colibri in the Seychelles, a group of exquisite islands in the Indian Ocean off the East African coast.
Cap Colibri was a big part of an earlier chapter in my life. Cap Colibri's 22 acres encompass almost the entire southern section of Cerf Island, which forms part of the Sainte Anne Marine National Park, a string of reef-girdled islands close to the Seychelles’ main island of Mahé. It has three fine houses, boats, full amenities and communication facilities, emergency generators and desalination plants, and a secluded beauty that's truly rare
Seychelles gets first Hilton hotel
Seychelles is now set to tap into the global marketing power of the Hilton after the hotel chain took over the running of a $28 million land investment in Seychelles resort on Mahe Island, Seychelles Tourism Board boss, Maurice Lousteau-Lalanne, said on Friday night.
He said that the company will now only need to add the former Northolme Resort to its list of 2,700 establishments which are scattered in 72 countries to attract clients who are familiar with the Hilton hotels.
The economy of the picturesque 115-island Seychelles has over many years depended on tourism, but for decades visitors to the islands had to settle for family-run guest houses, in what officials said offered "three-star accommodation in a five-star destination."
"The government is now encouraging the construction of five star hotels to cater for visitors from the top end of the tourism market, while helping the smaller establishments to refurbish and continue to offer the best of the Creole hospitality," they said.
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