To support the FSA in meeting its international obligations, build and cultivate a culture of co-operation based on transparency and reciprocity and to enable it to better adhere to and promote the principles of international best practices, Seychelles committed itself to other several international organisations namely the International Organisation of Securities Commission (IOSCO), Committee of Insurance, Securities, and Non-Banking Authorities (CISNA), Financial Action Task Force (FATF), European Union (EU) and the International Association of Insurance Supervisors (IAIS).
Needless to say, the growth of Seychelles international financial services sector has been taking place in the shadow of a growing interest in the sector by various international agencies such as the OECD and the FATF. On 24th January, 2019, the Inclusive Framework on Base Erosion and Profit Shifting (BEPS) recognized that Seychelles meets the requirements of Action 5 of the BEPS standard, following the assessment of eight preferential tax regimes. Seychelles, recognising the inevitability that greater international activities would bring greater international responsibility, has been instrumental in developing workable and acceptable policies to uphold its adherence to international norms and best practices.
In expressing the commercial and financial attributes of Seychelles, the beauty of the country should not be overlooked nor the welcome granted to international investors by the multi-cultural and multi-lingual population. Seychelles is confident that its future expansion will continue to combine enterprise and prudence and be internationally recognised as a stellar financial services jurisdiction.