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Seychelles is an established international financial jurisdiction that offers businesses and investors a range of products to meet their increasingly complex needs.

 

One of these products is the Seychelles Limited Partnership (LP). This is a legal arrangement similar to Limited Liability Partnerships found in other jurisdictions. Two or more legal persons can form a Limited Partnership in Seychelles, but the partnership must consist of one or more General Partners and one or more Limited Partners. A body corporate may be a General or Limited Partner and a General Partner may hold an interest as a Limited Partner.

 

Cerf Island, located in the middle of the Ste. Anne Marine National Park is home to Cerf Island Resort, a 24-villa hotel. A group from SIB’s Investment Facilitation team met with Resident Manager Mr. Marc Borrell for an after-care visit, with the aim of learning more about the establishments success and challenges and offering SIB’s assistance where needed.

 

The Seychelles Foundation is legally a separate entity. Unique to the Seychelles, legislation clearly stipulates that once assets have been transferred to a foundation, they become the assets of that foundation with full legal and beneficial title and do not form part of the founder’s personal estate on death.

 

The Company (Special Licence), commonly referred to as CSL, is a Seychelles domestic company (incorporated under the Companies Ordinance, 1972) which is granted a special licence under the Companies (Special Licence) Act, 2003.

 

The CSL may carry on permitted business both internationally and within the Seychelles. CSLs are permitted to engage in a range of activities including international holdings, intellectual property licencing, services and any other activities approved by the Authority (FSA).

 

The Seychelles Investment Board (SIB) paid a courtesy visit to “La Jeunesse Nail and Beauty salon” owned by Ms. Beryl Scharpf and located at OJ Mall.

 

La Jeunesse is among one of the first beauty salons in Seychelles, when it first opened its doors 21 years ago. Prior to his, Ms. Scharpf ran a business in Australia for 10 years after which she qualified as a Beautician.

 

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