The Seychelles group of islands in the Indian Ocean comprises over one hundred named islands, most being situated between four and five degrees South of the equator. The largest island is Mahé.
The Seychelles is one of the world’s most dynamic and fastest growing offshore jurisdictions offering clients a tax-efficient base for their operations.
The International Business Companies Act, 2016, governs the operations of offshore companies. The registration process in Seychelles is straightforward.
- Modern corporate legislation aimed at boosting both foreign and locally sourced investment
- Recently enacted legislation includes the Protected Cell Companies Act, 2003; the Interactive Gambling Act, 2003; and the Limited partnerships Act, 2003
- Modern banking facilities
- Established business and technical support with advanced telecommunication infrastructure
- Professional network of company secretarial, legal and financial experts
- Efficient trust legislation
- Efficient aircraft and shipping registries
- Provision for the formation and domiciliation of mutual funds and captive insurance companies
- An International (Free) Trade Zone for manufacturing and service companies, benefiting from zero taxation, streamlined application procedures and the ready availability of work and resident permits
- Enjoys tax treaties with China, South Africa and Indonesia
- The language of business is English and French
General information about Seychelles.
The Seychelles has a population of around 90,000, descended primarily from French settlers, Africans, British sailors and traders from India, China and the Middle East.
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.
Infrastructure & economy
The Seychelles economy is primarily tourism and fishing based. Industrial fishing is on the increase.
The rapidly expanding financial sector, linked to the establishment of the Seychelles International Business Authority and a suite of progressive laws facilitating the establishment of offshore structures and encouraging inward investment, is now a significant element of the economy.
An ever-increasing number of international banks and insurance companies have established either branches or subsidiaries whom, together with local management, accounting and legal firms provide clients with support.
The Port of Victoria is well equipped with modern cargo handling equipment and has more than 6,000 square metres of covered storage space.
The Seychelles International Airport is one of the finest in the Indian Ocean region. In addition to the national flag carrier, Air Seychelles, the airport is served by a number of other airlines.
The official languages are English, French and Creole. Creole is spoken widely. English is the main language of business.
Based on English Common Law and French Civil Law.
Principal corporate legislation
The International Business Companies Act 2016.
Services offered in Seychelles.
- Incorporation, management and administration of Seychelles IBC companies and Seychelles CSL companies (Zero tax IBCs incorporated within 24 hours)
- Company secretarial services
- Provision of professional directors and nominee shareholders
- Registered office services
- Seychelles trust formation & trustee services
- Seychelles yacht and ship registration
- Introductions to Seychelles’s professional network of company secretarial and offshore planning experts
All our offices can provide services relating to Seychelles via our Seychelles office.