Offshore insurance companies share some similarities with offshore banks and some key features include the requirement to be:
In either case, the corporate entity must be duly incorporated or registered in accordance with Seychelles Company Law.
The Seychelles Insurance Act, 2008 provides for circumstances permitting principal insurance representatives, offshore insurance companies and insurance managers to receive licensing.
Offshore insurance companies in Seychelles enjoy a similar tax-treatment to that received by offshore banks. Additionally, there are tax guarantees provided against future taxes which stretch as far as twenty years beginning from the date the entity is registered.