Minister Lalanne visits SIB
May 30, 2019
The visit effected by the Minister for Finance, Trade, Investment and Economic Planning at the Seychelles Investment Bureau is among the last scheduled for entitites falling under the purview of the Ministry. During his visit this morning at SIB offices, Independence House Annex, Ambassador Lalanne and his delegation was met by the Chief Executive Officer of SIB, Cindy Vidot, and its Deputy, Lenny Gabriel.
Ms Vidot welcomed and briefed the delegation on the latest development at SIB and noted that they are doing their best to improve that business environment in the country. Minister Lalanne discussed different issues with staff, such as the ease of doing business, the different processes for the setting up of a business here, amongst other issues. Staff informed the minister that they are happy with their working environment, and for his part, Ambassador Lalanne noted that he appreciates and commends the rebranding initiative to facilitate and advertise investment opportunities in Seychelles.
Other issues discussed was the need to amend the relevant laws and legislations when policies are being reviewed to ensure that it encompasses everything that has to do with the ease of doing business in Seychelles. They also discussed the main events featured on SIB's calendar for this year, such as the Aqua Culture Forum in August, the neeed for early preparation so that all relevant partners are on board
Ms Vidot noted that foreign investors have pointed out that the approval process to takes too long, whereas the Seychellois investors believe that the cost of doing business in Seychelles is too high.
SIB was set up in July 2004 as the one stop window for domestic and foreign investors and to date has about 20 staff. SIB strives to offer first class services to promote, attract and retain investment as well as to work in close collaboration with key stakeholders to stimulate, identify and facilitate investment. SIB is dedicated to promoting investment opportunities in Seychelles and furthermore facilitate the processes of establishing a business in Seychelles from scoping to implementation stages.
Minister Lalanne encourages staff to continue deliver to the best of their abilities.
The next visit scheduled for the Ministry for Finance, Trade, Investment and Economic Planning is from the 6th to the 7th June on Praslin and La Digue. The Ministerial delegation will visit the Seychelles Licensing Authority, the Seychelles Pension Fund, banks, the Seychelles Revenue Commission, Seychelles Postal Services, STC, and L'Union Estate.