SEYCHELLES

By Baron Laudermilk. Seychelles' Long Road to Becoming Africa's Offshore Financial Hub. While Seychelles is the smallest in population of any African nation with a population of around 86,000, it is becoming one of Africa's main financial offshore hubs. The island country maintains both booming tourism and real estate markets, and the government is now fully committed to transforming its economy from an agricultural to a financial oriented hub of Africa. The government has made clear measures in this development for many years. Seychelles' offshore business started in 1994 when the government launcheda series of initiatives created to establish the...

EXPERT INSIGHTS 2020

Executive Summary:The Seychelles are a byword for tropical beauty. The 115 islands, near the equator and outside the cyclone belt, are indeed unspoiled. The main island, Mahe, has an airport and a very good port, Victoria. Most of the 89,000 inhabitants live on Mahe, and are a blended mixture of French and African, speaking Creole, but also English and French, especially in business. The British granted independence only in 1976; the Seychelles are an independent democratic republic with a presidential style of government. The President from 1977 until 2004, Albert Renee oversaw the conversion of a 'fishing and bananas' type...

JURISDICTION 2014

The past decade has been good to the Seychelles.This group of 115 islands spreading in the Indian ocean northeast of Madagascar,was little known to the world until a boom in trade between the Asia and Africa suddenly found customers clamoring for local offshore services. Having passed its offshore law in 1994, Seychelles was ready to take customers on. And though it still often loses customers to the much more developed Mauritius, the Seychelles has used the increased interest to build up the infrastructure and the abilities it needs if it wants to compete with the top offshore destinations world wide....

CORPORATE & FIDUCIARY OVERVIEW - EXECUTIVE SUMMARY 2014