Seychelles: Country and Foreign Investment
The Republic of Seychelles is an independent, strongly presidential republic. It is a member of the Commonwealth, La Francophonie and the Organisation of African States (OAS). Reforms to the constitution implemented in 1993 made way for a multi-party system after a long period of one-party rule. As defined in the 1979 constitution, the legislative is unicameral, consisting of the National Assembly whose members elected for five-year terms. Of the Assembly’s 33 seats, 25 are directly elected from geographical constituencies and eight are proportionally allocated to parties winning at least 10% of the vote.
In September 2016, in the legislative election, the Seychellois Democratic Union (Linyon Demokratik Seselwa, LDS), a five-party alliance, won a total of 19 seats. This was the first win for the opposition for four decades, and put Parti Lepep (the People’s Party) in a minority position with 14 seats. Leader of the LDS is Mr Wavel Ramkalawan.
Then, in October 2016, after 12 years in the position, James Michel resigned as president. He was taken over by the former vice president, Danny Faure. The executive president is elected for a five-year term and may be re-elected three times. The Seychelles is ‘strongly presidential’ because the president is both head of state and head of government. The president appoints the 13 ministers of the Cabinet, which coordinates the executive branch and is also led by the President.
The legal system originated from French civil law, but most modern criminal and business legislation is closer to Anglo-Saxon common law practice. There are magistrates' courts, a Supreme Court and a Court of Appeal.
Seychelles is a member of the Commonwealth, the UN, the OAU, and the Non-Aligned Movement, as well as a large number of other international bodies.