Establishing a company in Seychelles
Seychelles is a tiny island country comprised of a small archipelago in the Indian Ocean. It is a republic 1,500 km away from the eastern shores of Africa (to the east is Kenya, Somalia and Tanzania) and to the northeast of Madagascar. France and the UK controlled the islands respectively, so the official languages are French and English, although Seychellois Creole is also officially recognized and prevalently used. The state has instituted a convenient and efficient system to draw in foreign companies, offering an organized process and various incentives for external companies and foreign investments.
80% of the population is ethnically Seychellois Creole (originally African), but there are also many British, French, Chinese and Indian immigrants. The capital is Victoria, located on the main island of Mahé, and its overall area is only 451 km2. The islands were uninhabited before their discovery by Portuguese sailors in the 16th century. In 1756 France took control of the islands (and thus they are named after Louis XV's Minister of Finance), and in 1810 the UK managed to bloodlessly annex it from France and make it a British colony. They were awarded their independence in 1976. To date the Seychelles are still part of the British Commonwealth.