Early in 1995 A.C.T. was founded in a corner of one of Seychelles’ oldest accounting and auditing firms, by one of the firm’s senior partners. Very soon after, we formed the very first Seychelles International Business Company, with company registration number 000001, on the 21st of March 1995. We quickly went on to form many more. Internet access was still not generally available in Seychelles – orders were received by phone and fax and documents were prepared using a typewriter, and the company only had a desk – but in those early days our founders succeeded in establishing the ground rules that make us the company we are today.
By the end of 1999 it was clear A.C.T. needed to break away from the premises of the auditing firm that had accommodated it from the start. A.C.T. was ready to stand on its own. The main founder moved to Oliaji Trade Centre – 1st Floor and began to assemble a new standalone workforce. Though the initial office space was small, it was one of the best in Seychelles and the location was ideal – right in the centre of town near the clock tower and right across the road from the Supreme Court’s apostille office. And you couldn’t miss the building with the flags of the British High Commission and US office flying high above.
In 2002 the company decided to improve its whole setup, to improve all its systems and procedures to ensure that its already substantial client base would continue to be well-served. In came new computers and software including many created in-house, tailored to the operations of A.C.T. at the time. Also, in came the culture of continuous improvement and close team-working. The work started in 2002 continues today and laid the foundations for how we work now.
To meet international standards for combating anti-money laundering and terrorist financing, in particular to meet the recommendations of the OECD’s Financial Action Task Force (FATF), Seychelles introduced new laws in 2004 to regulate its financial services industry. For us the most important piece of legislation was the International Corporate Service Providers Act, which brought in many new requirements both for us and for our clients. The new requirements were challenging – the first really serious challenges faced by A.C.T. – but the company became much stronger because of them. While dealing with new requirements we even managed to form the very first company with a special licence and the very first Seychelles Limited Partnership.
The global financial crisis of 2008 was only a temporary setback, and having coped well with previous hurdles, we prepared for the next big wave of business as Asian economies began to warm up. We strengthened our team and added people who are now key persons in our team.
In March of this year we celebrated our 20th anniversary and we are proud to have maintained our great focus on registering and maintaining Seychelles legal entities in a fast, reliable and friendly manner for such a long time. And we aim to carry on, to persist, to improve and to grow without losing sight of our mission. While the company has grown immensely since it was founded, international business is facing its biggest wave of challenges yet in the form of the US’s Foreign Account Tax Compliance Act (FATCA) and the follow on effects on the whole international financial services industry. There will be winners and there will be losers in this big shake up, but we are prepared to end up on the winning side and as always we are looking forward to a bright future with you.
Our team is made up of a group of young and energetic Seychelles nationals who are determined to maintain our reputation for being one of the fastest, most reliable and friendliest corporate and trust service providers in Seychelles. This young team is supported by some of the most experienced and knowledgeable accountants and lawyers in Seychelles. The mixture of youth, energy, experience and knowledge in our people is what really sets us apart and makes us truly special. We value and trust our people, and it is our people who ensure that we maintain the great values and systems that ensure that we continue to serve our clients well.
We work with individuals and service providers from most countries around the globe but our preference is to work with service providers such as lawyers, accountants, and fellow corporate and trust professionals and firms. This helps to overcome language and other international barriers, and to ensure that the ultimate clients receive high quality advice from the places that are relevant to them. We have the privilege of working with some of the most professional and interesting clients and we never take this lightly – we are continuously working to ensure that our clients’ interests come first.