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Seychelles: Country and Foreign Investment

Business Environment

The Seychelles is politically stable, with good air and sea transport links and modern telecommunications. The government has been consistently business-friendly for a long time and has actively supported the development of the offshore sector. Inevitably, in a country this small, professional services do not have the breadth available in a larger jurisdiction, but there are adequate banking and legal facilities.

There is no discrimination against foreigners with a serious business purpose, although they need official approval to own land. There are licensing regimes for financial institutions and trust managers. There is an adequate level of secrecy in professional transactions, but the court can order disclosure under a number of international agreements. The Anti-Money Laundering Act 1996 allows the Central Bank to overturn suspect transactions.

 

 

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