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Seychelles business organizations and the profits thereof constitute an important part of the annual revenue that the country earns. Till a few years back, the tourism business and fishing business comprised of the most important businesses of Seychelles. It is only in the recent past that the off shoring business took off with some real success. In Seychelles, off shoring business companies are also called the the International Business Companies. The tax systems in Seychelles has been deliberately designed so as not to impose any tax on any profit made by the International Business Companies.
The registration of International Trusts and International Business Companies and was recognized in December,1994. Seychelles is now a free trade zone after the enabling of this 1994 legislation. All this has favorably enhanced the growth of offshore banking, offshore insurance, mutual funds and free transportation of manufactured goods.
Thanks to the immense business success in Seychelles, the country is now among the top 50 countries in the world when it comes to commencing a business deal, registering property, investor prtection and paying tax.
The Seychelles Business is an online business news websites that brings daily news on business from all over Seychelles as well as all the countries of African countries.
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