The Seychelles International Business Authority (SIBA) has brought together the various communities making up the country's offshore financial services industry in order to discuss a new strategy for the sector's future development.
The two-day conference, which began on Monday, is the first time that all of the key players in the Seychelles offshore industry have come together to discuss the way forward. Participants include representatives from financial institutions, regulatory bodies, the tax department, and the civil aviation and port authorities.
It is expected that the major outcome of the meetings will be a new comprehensive blueprint which will serve as a guide for both the industry and the international clients that it serves.
It is also hoped that the country's offshore industry can be expanded, particularly in the area of private banking. Currently, there is just one private bank serving the Seychelles' offshore sector.
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