Business For Sale Seychelles | Business For Sale Listings
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Things to Know About the Business for Takeover Seychelles
Seychelles is an island country situated in the Indian Ocean. More precisely, it is an archipelago that consists of 115 islands in total. Seychelles covers a total land area of 459 square kilometers and is home to 94,228 people. The country is part of the African continent, and the nearest territories are Comoros, Mayotte, Madagascar, and Reunion. Mauritius and the Maldives are also close to Seychelles.
Fishery, plantation, and tourism are the main economic sectors in Seychelles. The country has long been known as one of the chief cinnamon, vanilla and copra exports. As of now, processed fish and frozen-fish are also chief exports. Additionally, hundreds of thousands of tourists visit the country each year, with the sector contributing significantly to the economy. Seychelles is one of the wealthiest African countries with a GDP (PPP) of $2,919 billion and per capita income of $30,486.
As you can see, doing business in Seychelles means involving yourself in one of the most advanced African economies. The country already has excellent infrastructures in place, however, is still developing, so the market isn’t already concentrated. Many international portals have openly praised Seychelles for the improving business system and transparency, law and as well as the economic freedom throughout the years.
Challenges in Seychelles include competition in the tourism industry (especially with other island countries), and inequality. Also, you have a small market reach if you want to concern your business with the locals. The World Bank ranked Seychelles in the 96th position among 190 economies in 2018 in its ease of doing business index.
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