Mauritius | Kenya | Seychelles
 
 
Axis specializes in developing trust
structures that protect your assets.
As part of its regional expansion, Axis has now established a presence in Seychelles and Kenya.
Axis can set up and manage tax-incentive companies and offshore entities in Mauritius.
Mauritius has recently opened up its
real-estate market to foreigners.
Axis provides specialist offshore fund
services for a full range of fund structures.
Axis further consolidates its preferred relationship with BLC Robert by becoming an affiliate of ALN.
 
Seychelles
Overview
Geography

Seychelles comprises a group of 115 of the most scenic islands in the world situated a thousand miles off the east coast of Africa, 4 degrees south of the equator. It is ideally situated between the major trade and manufacturing channels of Asia, Europe and Africa, allowing Seychelles to offer a unique platform for investment into these key global areas.

Time zone

GMT +4 which makes same-day transactions possible from the US, through Europe, the Middle-East and Australasia. Seychelles is emerging as a major international business platform in this region of the world.

Climate

Seychelles' enviable climate is always warm and without extremes. The temperature seldom drops below 24°C or rises above 32°C. All but the remotest southern islands lie comfortably outside the cyclone belt making Seychelles’ a year round destination for sun worshippers and beach lovers.

In January and February the islands face the rainy seasons whilst the months between May and September bring drier, cooler weather, and livelier seas - particularly on south-eastern coasts.

Population

Seychelles has a small population of 82,000.

The cosmopolitan Seychellois are a colourful blend of peoples of different races, cultures and religions. At different times in its history, people of African, European and Asian origin have come to Seychelles, bringing with them their distinct traditions and customs.

Language

There are three official languages in Seychelles: Creole (a lilting, French-based patois), English and French. Many Seychellois also speak fluent Italian or German.

Religion

Roman Catholicism remains the dominant religion of Seychelles but there are also Anglican and Protestant churches and the places of worship of other denominations. These live in harmony alongside, Muslim, Hindu and Bahaï communities based on MahÉ, Praslin and La Digue.

History

Discovered by the French in 1770, the first settlers on the island were the French leading a small party of whites, Indians and Africans .The island remained in French hands and later fell under the governance of the British from 1814.Under the British, Seychelles achieved a population of some 7,000 by the year 1825. Important estates were established during this time producing coconut, food crops, cotton and sugar cane. During this period Seychelles also saw the establishment of Victoria as her capital. Seychelles achieved independence in 1976 and became a republic within the commonwealth. 1993 saw the first multiparty presidential and legislative elections held under a new constitution.

Political Structure

The Republic of Seychelles has a multi-party political system with an executive President as head of state and government. The President heads a Cabinet of 10 ministers which includes the Vice-President.

The Republic of Seychelles is a member of the United Nations, the African Union, the Commonwealth and La Francophonie. It has embassies in Paris, New York, Brussels, New Delhi and Beijing as well as numerous honorary consulates worldwide.

Legal System

The legal system is based on English common law, French civil law, and customary law. The judicial branch includes a Court of Appeal and Supreme Court; judges for both courts are appointed by the President.

Economy

Seychelles' economy rests on tourism and fishing. Employment, foreign earnings, construction, banking, and commerce are all largely dependent on these two industries.

The services sector--including transport, communications, commerce, and tourism--has accounted for close to 70% of GDP in recent years. The share of manufacturing has been between 15%-20% of GDP, although it fluctuates from year to year owing to changes in output from the Indian Ocean Tuna cannery. Public investment in infrastructure and strong foreign direct investment inflows in the tourism sector have kept construction buoyant, with its share of GDP at around 10%. Given the shortage of arable land, agriculture, forestry, and fishing (excluding tuna) make a small contribution to national output.

Communications and transport

Seychelles has a well developed network of internal and external communications. It is easy to travel around the island by bus, taxi , rented bicycles or cars from several local and international vehicle renting companies.

Island-hopping is made possible through a regular network of air and sea transport primarily operating out of the principal island, Mahé.

Air Seychelles operates a shuttle service between Mahé and Praslin, the second largest island and also operates other inter-island flights usually at the requests of hotels. Also part of the air network is Helicopter Seychelles which is helicopter company specialising in island transfers, excursions and chartered scenic flights throughout Seychelles

Two types of sea ferry operate in Seychelles: the traditional sail-assisted schooner-type ferry and the modern Cat Cocos service, a fast and modern catamaran.

Currency

The Seychelles Rupee is the official currency, and Visa, Mastercard, American Express, and Diners Club Credit Cards are widely accepted throughout Seychelles. Travellers Cheques are also accepted in most hotels, guesthouses, restaurants and shops.

The following banks have branches in the Seychelles: Barclays, Bank of Baroda, Banque Française, Habib Bank, Nuovo Banq, and they will exchange both travellers cheques and foreign currency.