The Seychelles has expanded its tax treaty network, after the jurisdiction's government signed a double taxation avoidance agreement (DTAA) with Qatar.
The DTAA was signed by Seychelles Minister for Employment and Economic Planning, Jacquelin Dugasse and Qatar's Minister for Finance, Yousef Hussain Kamal.
The agreement will allow investments made in either country from the other to qualify for tax breaks on dividends and royalty payments.
The DTAA is the product of a visit by Seychelles President James Michel to the oil-rich Middle Eastern emirate earlier this year, where talks focused on enhancing investment links between the two countries.
The latest agreement also comes only days after the Seychelles concluded a similar agreement with the government of Cyprus.
The Seychelles also has Double Tax Agreements in force with Belgium, China, South Africa, Indonesia, Thailand, Oman, Malaysia, Namibia and Zimbabwe.
The Seychelles government sees such treaties as being an important part of its scheme to develop as a key financial hub in the Indian Ocean, and is actively negotiating more treaties with a number of its trading partners.
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