News

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.

 

Turquoise Décor and Supplies is a wholesale business owned and operated by Mr. Jeffery Payet and Ms. Shirley Etienne. The business has been in existence since 2016 and mostly imports décor such as unique decorative pieces, frames with artificial shells, household supplies, curtains and many more.

 

The International Business Company (IBC) is a simple but flexible business structure ideal for a wide range of uses. With the adaptation of a territorial taxation system in 2019, an IBC is now permitted to conduct business locally and is not subject to any Seychelles’ tax or duty on income or profits if it does not derive assessable income (i.e. Seychelles’ sourced income) in Seychelles.

 

2018 has seen a significant increase in Foreign Direct Investment (FDI) surpassing expectations, reaching USD 158.5 million, this is according to data compiled by the Central Bank of Seychelles (CBS). The actual 2018 FDI figure of USD 158.5 million vs. the forecasted amount for the same period of USD 139.2 million, represents a 14% increase in FDI. This increase brings the FDI amount for 2018 on-par with pre-moratorium levels which impacted large hotel developments in Seychelles.   

'Del Place' is a beach-front restaurant located opposite L'Ilette Island at Port Glaud, which opened its doors in 2004 by Mr. Pierre Del place. Investment Advisory paid Mr. Del Place and his team a courtesy visit at his restaurant on Thursday 21st March, to gain better insight on his business operations, constraints and to offer assistance and advice where needed. 

 

Page 3 of 5

 invest in seychelles

 

How would you like to connect with us



Subscribe to our newsletter

Search

Invalid Input

Invalid Input

Invalid Input

Invalid Input

Invalid Input