The 60-second version
Seychelles exit needs employer tax certificate and Gop license surrender where applicable. I export payroll, close SCR/USD account, wire to NRE, and map RNOR for retained offshore holdings.
GBC payroll and offshore holdings need parallel exit tracks
Seychelles taxes residents on worldwide income — I obtain employer PAYE certificate and confirm no open SRC assessments before departure.
GOP / occupation permit cancel through employer; GBC entities have separate payroll and substance documentation.
India-Seychelles DTAA capital gains and interest articles apply to retained SC holdings — Schedule FA from first India resident year.
Indian Ocean neighbors: Mauritius guide.
Seychelles lanes after departure
| Item | Seychelles | India |
|---|---|---|
| PAYE salary | Withholding ends | Residency tax from return date |
| GBC director fees | Separate withholding | Schedule FA + CG on fees |
| SC mutual funds | CG on redemption | Schedule FA |
| SCR bank | Close | Wire to NRE |
| Property in SC | Rental continues | Schedule FA + ITR rental |
Seychelles exit sequence
Final settlement
Written employer letter with tax breakup and leave encashment.
SRC certificate
Tax clearance or employer withholding proof for departure year.
Permit cancel
Employer files GOP cancellation; collect exit stamp.
Bank wire
SCR/USD to NRE; retain SWIFT MT103.
India RNOR
Form 67 for SC tax withheld same FY if overlap.
Exit flow
Seychelles export kit
- TIN copy.
- Tax cert.
- Payslips.
- Permit cancel.
- SWIFT receipt.
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GBC substance
GBC payroll without substance files triggers audit — export board minutes and substance report.
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Partial-year SC income?
Yes if SC-source income in departure year — Form 67 if taxed both sides.
Keep SC broker?
Schedule FA annually — most returnees liquidate before residency flip.
RNOR on SC salary?
Foreign salary may be exempt in RNOR years if conditions met.
Spouse on dependent permit?
Cancel with primary permit holder.
Remote for SC client?
India taxes from residency date after return.
USD payroll in resorts?
Wire before dormancy fees; retain employer FX letter.
Your country's rules are the starting point, not the finish line.
Tax exits, pension continuity, banking notifications — the India side has its own rules too. Get both sides clear.