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Seychelles Budget 2007 Framed
December, 2006

On December 5, 2006, Minister for Finance, Danny Faure, delivered his Budget Address to the National Assembly to members of the National Assembly and a delegation representing the private sector. The Budget 2007 framed for the future provides new opportunities for steady growth and success of the country and its people.

Seychelles economy improves
November, 2006

Year 2005 that was quite hard for the Seychelles, but in 2006 it has been experiencing an essential economic growth of 4.5% year. The economic outlook of the Seychelles situation was presented in the form of concluding statements by the International Monetary Fund mission after its 2-week visit on November 8-21, 2006.

UAE approves Seychelles-UAE DTA
November, 2006

A bilateral Double Taxation Avoidance Agreement between the Seychelles and the United Arabs Emirates signed on September 19, 2006 was approved by the UAE. On November 12, 2006, at its weekly meeting, the UAE Cabinet discussed numerous issues which included a number of laws, and drafts and memoranda submitted by the ministers. The Double Tax Treaty with the Seychelles was one of the most important issues on the agenda.

Restoring credit with World Bank
October, 2006

The Seychelles cleared all its overdue payments to the World Bank (the International Bank for Reconstruction and Development, IBRD). Consequently, all World Bank's loans to the Seychelles or the ones guaranteed by the Seychelles have been restored to accrual status.

Seychelles-UAE sign DTA
September, 2006

The Seychelles and the United Arabs Emirates have signed a bilateral Double Taxation Avoidance Agreement (DTA). It was signed on the 19th of September in Singapore by Danny Faure, Seychelles Minister for Finance, and Dr Mohammed Khalfan Bin Khirbash, UAE Minister for State Finance and Industry.

Seychelles gets high international ratings
September, 2006

Standard & Poor's Ratings Services assigned its 'B' long-term and 'B' short-term foreign currency sovereign ratings, and its 'B+' long-term and 'B' short-term local currency sovereign ratings on Seychelles as well as characterized its outlook as stable.

Seychelles Rejoining SADC
August, 2006

The Seychelles rejoined the Southern African Development Community (SADC) that had cancelled its arrears of USD 2.5 million in fees. Although the sum was a big loss to SADC, its members wanted to readmit the Seychelles into the economic group and, so, they welcomed the Seychelles to rejoin SADC.

Seychelles-Thailand sign DTA
March, 2006

The Seychelles signed a Double Taxation Avoidance Agreement (DTA) with Thailand on April 26, however the agreement was not brought into force until March 13, 2006 - the official date of treaty ratification.

Seychelles Offshore, the company regulated and licensed by the Seychelles International Business Authority, provides Seychelles Special License Company (CSL).
July, 2005

The most attractive benefits of the CSL are:

  • being low-tax company it bypass foreign blacklisting
  • growing number of tax avoidance treaties concluded by Seychelles is available.
This type of company is introduced by the Seychelles Companies (Special Licenses) Act 2003.

Seychelles Investment Bureau Will Act As ‘One Stop Shop’ For Investors
July, 2004

The promotion of the Seychelles investment sector is to become the responsibility of a new body, the Seychelles Investment Bureau (SIB), which will take on the task from a number of other government offices.

Future Is Bright For Seychelles, Says Offshore Expert
June, 2004

The outlook for the Seychelles as an offshore financial centre is looking bright according to a leading expert who recently led a foundation course for local firms wishing to sell offshore services.

Plans to offer $20 million for Seychelles biodiversity in the offing
August, 2002

Preparation of funds for the Seychelles Biodiversity Project amounting to $20 million is in the process of being approved, while one million US dollars has already been approved for a yet to be specified non-governmental organisation project.


Successful Offshore Business Conference
October, 2000

The Seychelles International Business Authority (SIBA) organised their first offshore conference on the island of Praslin from 18-20 September with the theme: "Future of Offshore Centres in the Cyber Age".


Seychelles to Join COMESA Free Trade Area
August, 2000

In an attempt to keep pace with globalization, Seychelles is thinking about joining the Common Market of Eastern and Southern Africa's (COMESA) free trade zone.

 
 
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