Seychelles First-Ever Business Directory Published

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6 Seychelles Investment Bureau Newsletter • March 2006 • Issue #1 • Volume 2 ................................................................................................ Sectoral News More financial support from BADEA he Director General of the Arab Bank for Economic Development in TAfrica (BADEA), who was on an official visit in the country from January 29 to February 2 2006 has commended the Government of Seychelles on the way it has invested the finances that the bank has put at its disposal. BADEA was established in 1974, with the objective of strengthening the economic, financial and technical cooperation between the Arab and African countries and started its operation in Seychelles in the 1980s. Since then the bank has financed 7 projects. Seychelles will benefit with new financial agreement from BADEA through a line of credit for private sector development and the financing of infrastructure on Perseverance Island. ................................................................................. SEEP goes online eychelles' small establishments will finally receive worldwide exposure Swith the launching of the online Seychelles Secrets site. The Small Establishment Enhancement Programme (SEEP), initiated by the Seychelles Tourism Board (STB), groups together small holiday properties, vetted by STB staff for cleanliness, comfort, décor, value for money and a range of other criteria, with a view to creating and maintaining a stock of high standard, yet affordable accommodation for tourist visitors. The Seychelles Secrets site will also allow tourists travelling to Seychelles to book via the internet. The website address is: www.seychellessecrets.com ................................................................................. Long Island will get new 5-Star Hotel ourists visiting Seychelles will continue to have more choices for Taccommodations when a new luxury hotel is built on Long Island. The Shangri-La Resort and Spa which is being promoted by TriGranit Development Corporation will comprise of 100 guestrooms and amongst the many facilities proposed to be offered is the introduction of the first cable car in Seychelles. Guidelines for Commercial Buildings eychelles Investment Bureau has received several Sproposals relating to the construction of apartment blocks, office buildings and so forth. The application process to construct a commercial/ residential building has been simplified to facilitate the potential investor. The investor has to submit a project proposal along with all the relevant plans including location and site plans (A3 format), together with the completed application form for environmental authorization (EA) to Seychelles Investment Bureau . Within 30 days the investor should have a final official decision on his/ her proposal, in the event that no further clarification or information is required in the intermediate period. All the necessary conditions that would apply to the development will be forwarded to the investor/ promoter with the letter. This helps the investor when submitting his/ her final detailed plans to the Planning Authority. For further information visit SIB's website at www.sib.sc or telephone 295500. ............................................................ Seychelles Diving Workshop he local dive instructors attended a one-day Tworkshop in diving related medicine, held on 9th February 2006. The aim of the workshop, which was organised by Seychelles Tourism Board, was to create awareness on scuba diving health-related problems and to provide the divers with the latest medical techniques concerning the effective measures to deal with underwater accidents and their treatments. Authorities you should know about “Seychelles Civil Aviation Authority (SCAA) was created in April 2005. Their mission is to regulate and promote the development of regular, safe and economic air transport to and within the Seychelles. The role of SCAA is to maintain and manage the Authority's aerodromes and to provide such services and facilities necessary for their operations, to provide air navigation services and facilities at the aerodromes and in the Seychelles Flight Information Region and to act internationally as the national body representing Seychelles in respect of matters relating to civil aviation.” Chief Executive Officer Seychelles Civil Aviation Authority February 2006
Seychelles Investment Bureau Newsletter • March 2006 • Issue #1 • Volume 2 Regional & Int’l Updates ........................................................... Regional meetings prior to EU/EPA negotiations International Agreement Updates 7 he Minister for Economic Planning and Employment headed Tthe Seychelles delegation at the 4th meeting of the Eastern and Southern (ESA) Council of Ministers and the 2nd Joint ESA-EC ministerial meeting that was held in Mauritius on 8th and 9th February respectively. The meetings between the two parties were to consider the recommendations of the 6th ESA Regional Negotiating Forum that was held in Harare in February and also to discuss the strategic framework of the negotiations on the agreement of an economic partnership with the European Union. The new EPAs will substitute the Lome Conventions, the instruments under which for the last 25 years, agricultural and manufactural products originating from the ACP countries are granted non-reciprocal preferential (duty free) access to the EU markets. The EPA are interested progressively to remove barriers to trade between EU and ACP partners and enhance co-operation in all areas relevant to trade. Formal negotiations of the EPAs at all ACP level started in September 2002 and the agreements are intended to enter into force by 1st of January 2008. ....................................................................... WTO Reference Centre two-day training on the World Trade Organisation (WTO) Areference centre was organised by that organisation in collaboration with the Department of Finance on 1st and 2nd March 2006. The course was conducted by two consultants from WTO's Information Technologies and Reference Centre and the objective was to explain to the ministerial staff on the functions, structure and role of the trade regulating WTO which will pave the way forward in making concrete decisions regarding Seychelles' possible membership to WTO. The WTO resource centre is based at the Department of Finance, Liberty House and contains updated information on trade promotion activities, business opportunities, prices, trade, buyers and the WTO website (www.wto.org). ....................................................................... Seychelles to re-open European Union Embassy he Government of Seychelles has announced its decision to Tre-open the Seychelles Embassy in Brussels, which is to strengthen Seychelles' diplomatic representation at the European Union. The appointment of the new ambassador will be considered by the National Assembly. DOUBLE TAXATION AGREEMENT (DTA) DTA agreement concluded by Seychelles Negotiations concluded awaiting date for signature Continuation of negotiations - second round First round of negotiations Request for DTA negotiations South Africa, China, Indonesia, Thailand, Zimbabwe, Oman, Malaysia, Botswana, Mauritius, Vietnam Russia, Egypt, Belgium, Qatar, United Arab Emirates, Bahrain Czech Republic, Tunisia, Namibia, Kuwait, Russia Philippines, Malta, Burundi, Ivory Coast, Lesotho, Morocco Israel, Portugal, Turkey, Tanzania, Kenya, Zambia, India, Sweden, COMESA member states, Argentina, Greece, Netherlands, Poland, Slovenia, Brazil, Japan, Mexico, Bhutan, Myanmar, Pakistan, Tajikistan, Uzbekistan, Republic of Slovak BILATERAL INVESTMENT PROMOTION & PROTECTION AGREEMENT (BIPPA) BIPPA concluded and ratified by Seychelles The possibility of concluding BIPPA with Seychelles Egypt Namibia, United Kingdom, Sweden, Germany, Cuba, Canada, India, State of Kuwait, Bahrain, Oman, United States, Qatar, Republic of Slovak African Union (AU) Summit he Vice-President Mr. Joseph Belmont, represented TSeychelles at the sixth session of the conference of the AU heads of states held in Khartoum, Sudan in January 2006. The meeting, which saw the participation of 40 African leaders was described as fruitful as it gave an opportunity for Seychelles to re-negotiate its annual membership contribution with the organisation. During the summit the Vice President also met and held talks with various heads of states and representatives of organisations such as the Southern African Development Community (SADC).
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