Seychelles has passed under new legislation aimed at granting licensing and housing of online casino gambling companies out of the island nations.
A lots of internet gambling sites operate with very high revenues and profit. So, lower taxes on the revenue and profit, and possibility to operate out of the Seychelles will, for sure, attract some of them to the islands.
Implementation of the regulations and the new policies has only recently been started, the Seichelles will soon start licensing and operating online casino gambling companies off of its islands. Online Casinos will be subject to an annual audit and they will check all accounts and financial situations. Following this audit only companies that will fulfill the required conditions will allow them to operate in the Seychelles.
The important thing in the licensing process for the company is the presence of a Seychelloisa acting as an agent. The agent should hold the license in his/her name, and only a citizen can do this.
