The ISO code of Seychelles is SC according to the ISO 3166 standard. The local name of the country is the same as its English name. Seychelles capital city is Victoria. People in Seychelles speak the French, English, and Seselwa languages. On 29 June 1976, Seychelles emerged as a sovereign political entity. In the year 06/29/1976, Seychelles emerged as a sovereign political entity. The largest city in Seychelles is Victoria.
Seychelles is located in the UTC +04:00 time zone, which is also called Seychelles Time or SCT. The internet country code top-level domain (ccTLD) for Seychelles is .sc. The International dialing code for Seychelles is 248. People in Seychelles drive on the left side of the road. Total land area of Seychelles is 455 km² (approx. 176 mi²). Seychelles is not a landlocked country. It means that is is bordered by at least one major body of water.
Seychelles is located in Africa. Seychelles is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Seychelles faces various issues, including limited water supply that depends on catchments to collect rainwater.
Doing business in Seychelles
We offer various corporate services in Seychelles jurisdiction. These services can serve both, people coming from Seychelles and foreigners. If you plan on doing business in Seychelles you might be interested in contacting us.
To find out about starting your business in Seychelles click on company formation in Seychelles.
To find out how to open a bank account in Seychelles and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Seychelles.
Choose preferred service below or continue reading to find out more about Seychelles.
Demographics of Seychelles
The total population of Seychelles is 95,235 people. In Seychelles, the population density is 200 people per square kilometer (520 per square mile). Because of this statistic, this country is considered to be densely populated. The ethnic diversity is almost uniform according to a fractionalization scale which for Seychelles is 0.2025. Seychelles has approximately 12079 foreign immigrants. The median age is approximately 33.9 years. In Seychelles, 47.08 in every 100 people use internet. Seychelles has a Human Development Index (HDI) of 0.756.
The majority religion of Seychelles is Christianity, Seychelles is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Seychelles.
Culture of Seychelles
People in Seychelles speak the French, English, and Seselwa languages. According to data on inbound tourists in Seychelles, 230,000 tourists arrive in the country each year. One of the most popular national dishes of Seychelles is shark chutney with lentils and shredded green papaya on rice. To read more click on culture of Seychelles.
Geography of Seychelles
Seychelles is considered to be a large nation because of its total area. Its total land area is 455 km² (approx. 176 mi²). Seychelles is located in Africa. Its capital city is Victoria. Seychelles has no land borders.
The highest point of Seychelles is Morne Seychellois, with its official height being 905 m (2,969 ft). Including land mass and EEZ, the total area of Seychelles is approximately 1,337,014 km² (~516,222 mi²). The most notable natural resources found in Seychelles are fish, coconuts (copra), cinnamon trees.To read more click on geography of Seychelles.
Economy of Seychelles
The currency of the country is Seychellois rupee. The symbol used for this currency is ₨, and it is abbreviated as SCR. 3.8% of population in the country are unemployed. The total number of unemployed people in Seychelles is 3,619. Each year, Seychelles exports around $0.52 billion and imports roughly $0.85 billion. The Gini Index of the country is 42.77. Seychelles has a Human Development Index (HDI) of 0.756.Seychelles is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are fishing, tourism, beverages.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Seychelles is $2,424 billion. Each year, consumers spend around $530 million. The ratio of consumer spending to GDP in Seychelles is 0%, and the ratio of consumer spending to the world consumer market is 0.0015. The corporate tax in Seychelles is set at 25%. VAT in Seychelles is 15%. In 2013, Seychelles received 35.3 million USD in foreign aid.In 2014, the foreign aid amounted to 22.1 USD.To read more click on economy of Seychelles.
Infrastructure of Seychelles
In Seychelles, 100% of the population has access to electricity. There are 247 internet hosts in Seychelles. Seychelles has 14 airports nationwide.
The number of road motor vehicles per 1000 inhabitants in Seychelles is 149. To read more click on infrastructure of Seychelles.
Politics of Seychelles
Seychelles, is a presidential republic. With regard to political and civil freedoms, Seychelles is 2. Citizens in Seychelles experience partial freedom. While the majority of citizens are able to exercise their free will to a certain extent in Seychelles, some political engagement may be limited and certain population groups may be excluded from certain freedoms or expressions. The head of the government is Danny Faure.
According to the World Bank Group, the government effectiveness index of Seychelles is 0.39. This indicates that the government of Seychelles is mediocre. While some public and civil services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully evaluate the governmental situation in Seychelles before considering any business maneuvers.In Seychelles, the legislative power is vested in a National Assembly. The strength of legal rights index for Seychelles is 2. Overall, it is considered to be rather weak - bankruptcy and collateral laws are unable to protect the rights of borrowers and lenders in case of credit-related complications; credit information, if any at all, is scarce and hardly accessible. In 2013, Seychelles received 35.3 million USD in foreign aid. In 2014, the foreign aid amounted to 22.1 USD. Seychelles is a member of the United Nations (UN). On 21 September 1976, it joined the UN as a full member state. Seychelles is a member of the African Union (AU). On 29 June 1976, it joined the AU as a full member state. Seychelles is a member of the World Bank. To read more click on politics of Seychelles.
Environment of Seychelles
Seychelles emits 6.8 metric tons per capita of CO2. 407 km² of Seychelles's territory is covered in forests. and forest land comprises 89% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Seychelles is 149. To read more click on environment of Seychelles.
Company formation in Seychelles
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Seychelles.
When establishing a company in Seychelles, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Seychelles that will affect the establishment and growth of one's business. Contact us or click on company formation in Seychelles to read additional information when setting up a business.
Bank account opening in Seychelles
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Seychelles. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Seychelles, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Seychelles or contact us.