The Republic of the Seychelles is a country member of the Commonwealth, comprised by a group of 115 islands located in the Indian Ocean, to the northeast of Madagascar, with a total surface of 455 sq. km. It is inhabited by about 100,000 people. Its capital is Victoria, the only city in the archipelago, located on the island of Mahe and inhabited by a third of the population. It has the only international port and airport of the country, which receives flights from the most important international airports worldwide. Its official languages are English, French and Seychellois Creole, a French based creole. The Seychellois Rupee (SCR) is its official currency.
The main economic sectors are Tourism, with over 300,000 visitors in 2016, fishing and financial services. Other important industries include processing of coconuts and vanilla, coconut rope, construction of boats, printing, furniture and beverage. The public sector is considerably large employing two thirds of the labor force.
The financial services sector is a pillar of its economy, offering offshore banking services, offshore companies registration, registration of investment funds and insurance companies, vessels registration, among others. The laws governing Seychelles provides asset protection, privacy and confidentiality of individuals and companies, low accounting requirements and a 20 year total tax exemption of international companies incorporated in the jurisdiction, provided that no business is conducted in the country.
Flag Theory is aimed at increasing your privacy, freedom and wealth, finding strategic locations globally to build your life internationally and diversify your personal finances and business. Below, you can read on why and how to set up an offshore company in Seychelles, its benefits, open an offshore bank account, investment opportunities and residency/citizenship options in this African jurisdiction.