05.31.09
Posted in International relations, Offshore Banking, Seychelles banking, Seychelles government, Tourism industry at 10:24 pm by Robert Klien
On May 28, Prince Alwaleed bin Talal of Saudi Arabia visited President James Michel at State House. The Prince and the President held talks in the presence of Nouvobanq managing director Ahmed Saeed and Minister for National Development Jacquelin Dugasse.
It should be noted that Prince Alwaleed bin Talal was talking about investing in the tourism industry in Seychelles. He told the media that the jurisdiction to a great extent depends on tourism, and that he would be visiting shortly the Four Seasons. He also mentioned the Raffles hotel on Praslin to be inaugurated in the end of next year as it is important for economic and tourism development.
Prince Alwaleed told President Michel that he is looking forward to having more projects in tourism in the jurisdiction.
Saudi Arabian delegation arrived to Seychelles from Mauritius and went home after a few hours.
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11.28.08
Posted in Offshore Banking at 11:46 am by Robert Klien
On November 8, 2008, Barclays Bank Seychelles’ annual Make a Difference Day was launched in the presence of Vincent Meriton, the Minister for Community Development, Youth, Sports and Culture.
This launch was a day of activities run by Barclays Bank staff who offer to community projects their time rather than money and offshore banking services.
The activities organised this year included :
- a day out for Silhouette schoolchildren (watching the movie Wall-E at Deepam Cinema, La Salle d’Oeuvres, visiting the Botanical Gardens, lunch and visiting the National Council for Children’s headquarters);
- a sports extravaganza at the Roche Caïman complex for 50 secondary school students to try new sports;
- Microsoft applications training at the Foyer de Nazareth home (Barclays’ IT team provided basic PC training and an introduction to MS Word and Excel to boys aged 4-17).
- tree planting and a guided tour at the Biodiversity Centre, Barbarons;
- tree planting at Anse Source d’Argent, La Digue.
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09.25.08
Posted in Offshore Banking, Offshore Services, SIBA, Seychelles CSL, Seychelles IBC, Seychelles offshore jurisdiction at 11:52 am by Robert Klien
It has already been discussed that the Seychelles International Business Authority (SIBA) sponsors many important events. Today, on September 25, 2008, SIBA sponsors another important event – Seychelles Road Show Event. It is a half-day conference held in Shanghai, People’s Republic of China.
It should be noted that distinguished panel of speakers are presenting numerous topics at this conference. The issues under discussion are aimed to further strengthen the existing ties between the Seychelles and China. This event is a unique forum that explore the products of the Seychelles financial services industry. The issues to be adressed are the International Business Companies (IBCs), Mutual and Hedge Funds, the benefits of the Seychelles CSL used in conjunction with the Seychelles/China Double Taxation Agreement, and tax-efficient structures. Also, the speakers will discuss the uses of Seychelles as the jurisdiction for offshore banking purposes.
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08.19.08
Posted in Offshore Banking, Offshore Services, Seychelles banking, Seychelles offshore jurisdiction at 10:24 am by Robert Klien
In July, BMI Offshore Bank (BMIO) has announced that its offshore banking operations in Seychelles have been officially launched.
BMI Offshore Bank is a joint venture between Bahrain-based BMI Bank and Seychelles-incorporated Nouvobanq. Managed by BMI Bank, the venture will deal with offshore banking and private banking services and provide access to trust and investment services for corporate and private customers who reside abroad.
To celebrate the launch, a special ceremony was held. The event was attended by Government officials, key businessmen related to the offshore industry, Chief Executive Officer of BMI Bank Andrew Bainbridge, Wholesale Banking Director of BMI Bank Karl Stumke and other bank representatives, media and guests.
Chief Executive Officer of BMI Bank, Andrew Bainbridge, said that the launch of the first offshore bank in the Seychelles is an important move. BMI Bank was established with a vision to form a universal bank with presence in selected emerging markets and this move is the way to achieve it. He also said that BMIO will be supported by the head office in Bahrain in order to run a successful banking operation in Seychelles.
Initially, BMI Offshore Bank will offer deposits and investments on varying terms, transactional banking from current and call accounts, and internet banking facilities. Then, new products including Debit and Credit cards, loan financing, trust business and a range of other investment products will be introduced.
A license to operate was received by BMIO from the Central Bank of Seychelles in March 2008.
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