Seychelles is an independent state located on a group of islands in the Indian Ocean. Popular tax-free jurisdiction. Member of the British Commonwealth.
The legal system is based on English common law, but it includes elements of French civil law.
Corporate services provided by local companies in the international market make a significant share of the financial sector in this jurisdiction. It is allowed to register private funds and international trust funds in the Seychelles.
The role of the state regulator is performed by the Financial Services Agency (FSA).