Seychelles

Why invest in Seychelles?

Seychelles is currently an offshore tax haven on the rise. Seychelles managed to achieve one of the most competitive and gaining confidence compare to other jurisdictions very quickly. Its new incorporation volumes are increasing steadily, along with its recognition in the professional community. With offshore corporate legislation based on the time-tested concepts of some of its most successful competitors, and after a methodical improvement and modernization, Seychelles now has an offshore corporate package that is hard to beat. With strong historical and business ties to both Western Europe and South Asia, Seychelles has emerged as the leading offshore tax haven in the Indian Ocean region. It competes as equal with the more widely recognized Caribbean offshore financial centers.

General Information

 

Population

The Seychelles has a population of around 80,000, descended primarily from French settlers, Africans, British sailors and traders from India, China and the Middle East.

Political Structure

Discovery of the Islands is credited to the Portuguese explorer Vasco de Gama. The first French settlement was established on St. Anne Island on the 27th August 1770.

In 1814 the Seychelles, along with Mauritius, were ceded to Great Britain under the terms of the Treaty of Paris. It was only in 1960 that the first gradual constitutional reforms were introduced.

The Head of State is the President and a National Assembly of directly elected Members heads the legislative side of Government. Seychelles is an independent republic within the British Commonwealth.

Currency

The local currency in Seychelles is the Seychelles Rupee (SCR).

Bank System

Seychelles offers a confidential and secure banking environment. Seychelles has six Commercial banks, with branches of four foreign banks. Today, Seychelles has a highly sophisticated banking system – all types of account are available including current, fixed deposits, call deposits, savings schemes, loan accounts, and all major credit cards are represented.

Company Law

With the enactment of the International Business Companies Act by the Seychelles government, companies can be incorporated quickly for the purpose of conducting offshore business.

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