The Republic of Seychelles is an independent country within the Commonwealth, having gained its independence from the United Kingdom in 1976. With a population of around 95,000, Seychelles comprises a group of some 115 islands in the northern Indian Ocean, most of which are situated between 4 and 5 degrees south of the equator.
Seychelles is a multi-party democracy with good political stability. The economy is primarily based on tourism, commercial fishing and a thriving international financial services industry. Seychelles has comprehensive and modern corporate and financial services legislation reflecting international standards and which strikes an effective balance between sound regulation and market attractiveness.