The Republic of the Seychelles is a country member of the Commonwealth, comprised of a group of 115 islands located in the Indian Ocean, to the northeast of Madagascar, with a total surface area of 455 sq. km. The Seychelles is inhabited by about 100,000 people, and its capital is Victoria, the only city in the archipelago, located on the island of Mahe and inhabited by a third of the population. Victoria has the only international port and airport of the country, receiving flights from many of 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.
Seychelles’ main economic sectors are tourism, with over 300,000 visitors in 2016, fishing and financial services. Other important industries include the processing of coconuts and vanilla, coconut rope, construction of boats, printing, furniture and beverages. The public sector is considerably large, employing two thirds of its 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 provide for 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.
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If you want to set up a company, open a bank account, immigrate and/or obtain residency permits in the Seychelles, you can view some of the articles and more information about the country below, or get in contact with us directly for a free private consultation.