Register of beneficiaries threatens to blow lid on trust company ownership
Like its Mauritian neighbour, the Seychelles is striving to placate international institutions like the OECD and EU while at the same time preserving its offshore appeal. The latest hurdle to negotiate is the introduction in May of a register of offshore company beneficiaries.Mauritius' offshore sector
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Seychelles flushes out fakes to please OECD
The development of the Seychelles financial centre has become a windfall for operators that use false certificates to cover their tracks. Reliant on international institutions' blessing of its financial sector, the government was recently scolded over this by an OECD peer review.
Son of Russian sunflower oil oligarch Sergei Kislov appointed Seychelles honorary consul in Moscow
The Seychelles government has created a new made-to-measure diplomatic post for Dmitry Sergeyevitch Kislov, the son of the billionaire Sergei Kislov who made his fortune in sunflower oil production and grain export in Russia.
Abu Dhabi royal family lends helping hand in fight against Covid-19
In recent years, Abu Dhabi has stepped up investments as well as grants and gifts to the Seychelles, a favourite holiday destination of the royal family and Emirati oligarchs. The coronavirus pandemic is affording an opportunity for further largesse.
Despite OECD downgrade, the tax haven wants to outshine Mauritius
Despite being downgraded by the OECD in its latest peer review report on April 6, the offshore financial centre Seychelles is making strides by banking on new financial technologies. The country wants to outshine neighbouring Mauritius, which for its part, is in the OECD's good books.
Newfoundland-based PAL Aerospace carries out anti-piracy operations in the Indian Ocean
Canada's PAL Aerospace has been carrying out maritime surveillance flights in the exclusive economic zone of the Seychelles since September at the request of US military command Africom. The mission could open up new prospects in Africa for the private sector airborne intelligence company.