Appleby, the offshore law firm, has opened an office in the Republic of Seychelles. Appleby is the first international law firm to open in the country and the new office focuses on emerging markets in Africa, Asia and India. The office is located in the Seychelles capital Victoria.
Appleby recently announced its merger with law firm Dickinson Cruickshank in the Isle of Man, which will create the worlds largest offshore law firm by partner numbers. The firm will have ten offices in offshore and financial centers worldwide and a total staff of over 800 including 73 partners.
Malcolm Moller, Managing Partner of Applebys Mauritius office, played a key role in establishing the office, and will serve as the Managing Partner in the Seychelles. The firms incorporated entity in the Seychelles, Appleby Corporate Services (Seychelles) Limited, will offer corporate and trust administration services.
The firm has also announced that Conrad Benoiton, Chairman of the Seychelles International Business Authority, Director General Securities and Financial Markets, Central Bank of Seychelles and the former Executive Chairman and Director of Air Seychelles, will become Managing Director of Appleby Corporate Services (Seychelles) Limited. Mr. Benoiton is credited with the creation of the Seychelles first regulatory body SIBA, in 1994. In addition the new office will be staffed by two further lawyers and a support team.
The office will focus on investment into the emerging African, Asian and Indian markets. The Seychelles has entered into 11 double taxation treaties, including with China and Indonesia and is on the OECD White List.
Commenting on the new office Malcolm Moller said: This is a significant opportunity for both Appleby and the Seychelles as we will offer world-class legal, fiduciary and administration services from the Seychelles to international clients and to businesses based in the islands. We believe our presence in this fast growing jurisdiction will complement our Mauritius office and, as the first international law firm to open here, we will be well positioned to offer our clients sophisticated offshore services for investment in the African, Asian and Indian markets. In addition, our global resources and reputation will further assist the growth of international business in the Seychelles.
Peter Bubenzer, Applebys Global Group Managing Partner concludes: Our driving strategy has been to be the leading provider of legal, fiduciary and administration services in the offshore world. Our entry into the Seychelles market further builds our unique strength and depth across multiple jurisdictions providing greater resources and choice to our clients. In particular, our two offices in the Indian Ocean offer unique access to emerging markets and reinforce Applebys position as the first choice for clients in the offshore sector.