Businesses to see big boost from Chinese visitors

This year marks the 37th anniversary of diplomatic relations between China and the Seychelles. The two countries are celebrating this milestone with the launch of a visa exemption program for Chinese tourists travelling to the Seychelles, effective today.

The country is also building an offshore trade hub bringing access for Chinese businesses to the Middle East, Africa, and Europe.

The Seychelles is a traveller's heaven in the middle of the Indian Ocean. It's not only known for its breathtaking beaches, and rich resources, but also its luxurious holiday services. Now this dream holiday destination is within easy reach for both Chinese tourists and businesses, as they don't need an entry visa any more.

China and the Seychelles signed bilateral agreement in May to allow their residents to enter each other's border and stay for no more than 30 days without applying for visas.

Its chief trade representative Mr James Quincy Liao says this opens new doors for Chinese businesses eyeing opportunities in the Middle East and Europe.

James Quincy Liao said, "It's convenient for bilateral trade, especially Chinese firms to use the Seychelles as a transportation pit stop in the Indian Ocean. It can conduct trade on large scale through a platform like the Seychelles to Africa, Middle East and Europe. The Seychelles and nearby countries have over 800 million people. The consumption power of these 800 million people is huge. "

Mr. Liao also says the island is aiming to become a financial hub and nexus where foreign companies can enjoy tax benefits.

James Quincy Liao said, "Businesses from different countries can use the Seychelles as a platform for trade, and deal with finance, and capital operation, as well as funds management for family businesses. There are about 20 to 30 thousand offshore companies in the Seychelles, we hope this number can reach 50 thousand. We will serve these companies according to international laws."

The country is also stepping up its infrastructure to facilitate foreign companies to establish branches on the island. It is expanding its international airport and is in talks to expand flights to prepare for the expected heavy influx of Chinese tourists. The Seychelles and China established diplomatic relations in 1976.

It has recently opened three weekly flights between the island and Hong Kong Special Administrative Region this June, and has already seen a 67 percent hike of tourists compared to last year. With the new visa exemption coming into play, China is set to become an increasingly important market for the island.