Seychelles is a small island located in the Indian Ocean, close to the African continent, which means its main trading relation is with mainland Africa. This is the reason why Seychelles entered the African Continental Free Trade Area, simply known as AfCFTA, the first agreement between African countries which enables them to engage into advantageous trading activities. Our company formation consultants in Seychelles can offer information how to start a trading business in this country.
Since it gained its independence, the per capita output in Seychelles has developed to around seven times the former near-subsistence level. This development was possible mainly by the rise of the tourism industry.
Despite numerous constraints because of its small size, Seychelles successfully manages the economic and social development and can be regarded as an exemplary jurisdiction which is headed on a sustainable development trend.
The Seychelles government has started one of the largest reform programs in the recent history 10 years ago and ever since the ratings issued by credit rating agencies were steady and without significant variations. The last rating was issued at the beginning of this year by Fitch and the agency noted the good performance of the economy and the national budget. Our company formation agents in Seychelles can help foreign investors who want to open companies here.
Seychelles is not only a recognized offshore destination, but it offers some of the most spectacular landscapes which make it a great tourism destination. The last fact is confirmed by the report of the Seychelles Tourism Board (STB) which indicates the number of visitors last years soared, reaching a record number of 350,000 tourists. Foreign investors interested in investing here can rely on the company formation services offered by our agents in Seychelles.
The economic freedom in Seychelles is ranked at 61.6, which makes the local economy the 88th freest in the 2018 index. The country is also ranked as the 7th among 47 countries in the Sub-Saharan Africa area, and its total score is above the area’s average and close to the world average.
In the last years, Seychelles has attained a solid economy which attracts numerous investors in various sectors. Located at the northeast of Madagascar and the majority of its population being located in the Mache island, the country has the largest Gross Domestic Product (GDP) per capita in Africa.
Recently, the economy of Seychelles has developed to include a wide range of sectors, with the tourism expanding rapidly. Seychelles is a country located northeast of Madagascar, with most of its population living on the island of Mache, and which has the highest Gross Domestic Product (GDP) per capita in Africa.