Of the many Island states providing the services of offshore financial centres, why choose Seychelles as your centre? The answer is simply why not? The main island of Mahe is situated some five degrees south of the equator and approximately 1,800km from the east coast of Africa. The spoken and written languages are English, French and Creole (a French based patois).
The Island's legal infrastructure is based on the English and French jurisprudence and due to its very recent entry into the world of offshore financial centres, the various legislations dealing with the latter are modern and simple.
Legal Infrastructure
International Business Companies Act
Under the International Business Companies Act 1994, an international business company (IBC) may have as its sole object that of engaging in any trade, business or activity that is not prohibited under any law for the time being in force in Seychelles except that "it shall not carry on any banking, insurance, reinsurance or
