The Seychelles is a group of 115 small islands located at the centre of the Indian Ocean to the north of Madagascar off the African coast, with approximately 83,000 inhabitants, 80% of which live on the main island, called Mahé. The ethnic groups are well diversified in a mixture of European, Asian and African.
The capital city is Victoria (found on Mahé) and the official languages in the country are English, French and Creole. In 1976, Seychelles became a Republic within the Commonwealth when it gained its independence from Great Britain. Its legal system is based on English Common Law, the Napoleonic Code and the amended 1993 Constitution. Civil Law is based on the French Napoleonic Code adapted to Seychelles. Company Law is based on English Common Law.
The sale of financial and business products is regarded as the third pillar of the Seychelles economy. The status of Seychelles as an independent financial centre is continuously growing with regular amendments made to its legislation so as to comply with international standards as set by the OECD, FATF and IMF.
Seychelles has good telecommunications infrastructure with internationally recognised names as telecommunication providers. The country also has a modern international airport regularly served by international airlines such as Kenya Airways, Air Austral, Condor, Qatar Airways and Emirates Airline.
Last reviewed: Wednesday, May 26, 2010
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