An archipelago of 115 granite & coral islands found in the South Western Indian Ocean between 4 & 10 degrees South of the Equator, 4 hours ahead of GMT. Seychelles lies outside the cyclone belt and tropical climate all year round.
Land area of approx. 455 square kilometres with approx. 83,000 inhabitants, 80% of which live on the main island, called Mahé.
The ethnic groups are well diversified in a mixture of European, Asian and African, out of which more than 95% of the population is Christian.
The capital city is Victoria (found on Mahé) and is considered as the central place of business for most activities with other new areas like Providence that are also expanding. Victoria is also where the the Victoria harbour is located with shipping connections with most parts of the world. there are also several marinas around Mahé and Praslin with excellent facilities. The official languages are English, French and Creole.
In 1976, Seychelles became a Republic within the Commonwealth when it gained its independence from Great Britain. Democratically elected and stable Government.
The Seychelles legal system is based on English Common Law, the Napoleonic Code and the amended 1993 Constitution. Civil Law is based on the French Napoleonic Code adapted to Seychelles. Company Law is based on English Common Law. The highest court is the Court of Appeal.
The Republic of Seychelles is a member of the United Nations, the African Union, the Commonwealth and La Francophonie. It has embassies in Paris, New York as well as numerous honorary consultates worldwide.
The main pillars of the economy of Seychelles are mainly Tourism, Fisheries & Agriculture and Manufacturing & Construction industries. The Government’s recent efforts to diversify the economic base have paved the way for a fast developing offshore sector.
The sale of financial and business products is now being regarded as the third pillar of the economy. The status of Seychelles as an independent financial centre is continuously growing with the establishment of the Seychelles International Business Authority (“SIBA”), the expansion of its sophisticated, modern & flexible offshore structures and amendments made to its legislation so as to comply with international standards as set by the OECD, FATF and IMF.
Excellent telecommunications infrastructure with internationally recognised names like Cable & Wireless being among the 3 existing telecommunication providers. High Speed access Internet Service Providers also make available to their customers a variety of connections such as from dial up, lease line and wireless broadband. Recently, cable ADSL has also been implemented within Seychelles and is still growing to the demand of the customers, offering a fresh new face of broadband to the country.
Modern international airport catering for more than 140,000 tourists yearly and regularly served by international airlines linking Europe, Far East, Africa and the Middle East. The international airlines providing these connections are Kenya Airways, Air Austral, Condor, Qatar and Emirates Airlines. International courier Services like DHL, FedEx, UPS & TNT are also present in Seychelles.
ADVANTAGES OF SEYCHELLES AS AN INTERNATIONAL FINANCIAL CENTRE
No exchange controls
Fiscal incentives
Expanding double taxation avoidance treaty network
Skilled, professional & bilingual population
Modern communications network
Reputable jurisdiction
Expanding portfolio of offshore products
Well developed banking sector offering internet banking facilities & deferred debit card facilities
Attractive legislation currently being reviewed to adopt new modern features
One of the fastest & most efficient Registrars in the World, (especially for International Business Companies) currently implementing an online name check system.