National economy of Seychelles - industries, GDP and prosperity level
The economy of the Seychelles continues to develop rapidly after seceding from British citizenship. The basis of the republic’s economy is tourism and fisheries. It is worth noting that in many respects, the islands is industry leader of the fishing sector. For example, in the entire Indian Ocean it is in the Seychelles that they catch, process, and transport tuna in the largest quantity. A trade zone is functioning successfully in close proximity to the capital “Victoria” where a huge national port operates. The government offers mutually beneficial modalities of cooperation to foreign fishing companies. At the same time, the Seychelles remain the largest importer of not only tuna, but also shrimp in the European market. Also, one cannot but take into account that the amount of fish consumption per capita on the island is simply incredible; not less than sixty-five kilograms per year.
Seychelles is truly a paradise in the world, where you can enjoy excellent weather all year round. However, there can be slight changes between …
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Transport infrastructure in the Seychelles is poorly developed. However, in view of the growing popularity of the islands as a tourist destination, …
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It is worth noting that a rather large percentage of Seychelles’ GDP is gotten thanks to their banks in which offer offshore schemes for moving money. More than twelve thousand international companies and organizations were registered with them last year. The country’s tax system implies two types of taxation at once: for private persons, and for individual operating companies and organizations. In general, the country’s economy is vulnerable to external factors, no matter what kind they are. The country depends on tourism, and if travelers stop visiting the islands, for example, because of the difficult economic situation in the world, the economy of the islands will collapse. The country also depends on the sale of seafood. And if trade relations break, this will also cause irreparable harm to the economy. Any recession in the leading spheres of activity is fraught with serious consequences.
Seychelles has a republican administrative structure. The state structure is a democratic presidential republic. The capital of the State is the city …
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