iGuide Seychelles

Starting your investment

Investment in Seychelles is guided primarily by the Investment Act which provides for investor protection and establishment of the Seychelles Investment Board and the Investment Appeal Panel.

The Statutory Instrument (SI) 76 of the Investment Act lists sectors that are open to foreign investment and provides for the Reserved Economic Activities Policy which identifies the activities that are reserved for the Seychellois investors.

If a sector does not fall under the open or reserved activities lists, authorization for foreign investment will be based on "Economic Needs Test," where SIB assesses whether the business meets local needs and adds value to the economy.

If a foreign investor plans to invest in Seychelles, the business concept must first be submitted to the Seychelles Investment Board (SIB) for review. SIB will then, on behalf of the proponent, do the scoping with the relevant regulatory bodies and provide a letter of feedback containing the views and guidance of these bodies in relation to the proposed activity.

Legal Forms of Companies

Seychelles offers a variety of legal structures for businesses, designed to meet different operational, regulatory, and investment needs. The following are the main forms of companies, along with their key characteristics:

• Proprietary Company (Pty Ltd): A private company with 2 to 50 members and limited liability.
• Limited Company: A public company with an unlimited number of shareholders.
• International Business Companies (IBCs): A typical offshore company with no minimum capital requirement.
• Seychelles Special License Companies (CSLs): CSLs operate under specific laws for international business activities and benefit from tax advantages. These companies are suitable for activities such as investment holding.
• Protected Cell Companies (PCCs): PCCs allow the creation of separate cells for asset and liability segregation, ideal for insurance and fund management sectors.

Business Registration

Proprietary Companies (Pty Ltd) and Limited Companies—are incorporated through the Registrar of Companies under the Office of the Registrar General, which  falls under the purview of the Office of the President of the Republic of Seychelles. 

The registration of IBCs, CSLs, PCCs, trusts, foundations, investment funds, securities dealing, and gambling is handled by the Financial Services Authority (FSA).

Upon registration, all businesses receive a six-digit Business Registration Number (BRN) (e.g., 100001). If the BRN has fewer than six digits, contact the Business Registrar.

Costs

Domestic Business Registration:

• Sole Trader or Partnership: SCR 100 – SCR 200

• Company: Starting from SCR 2,500
  
  

Financial Services Entities:

The fees vary depending on the specific type. Consult the Financial Services Authority (FSA) for the most up-to-date fee schedule.

Steps to Register a Business

Steps to Register Proprietary and Limited Companies

Steps to Register a Financial Services Entity

1. Download the relevant application form from the FSA website.
2. Provide certified copies of incorporation documents.
3. Submit proof of identity and address for beneficial owners, directors, and key personnel.
4. Include a detailed business plan and financial projections.
5. Include additional supporting letters if required, such as banking or legal references.
6. Submit compliance manuals, including Anti-Money Laundering (AML) policies.
7. Submit the completed application form and supporting documents to the FSA.
8. Pay the applicable application fees based on the type of business activity.
9. The FSA evaluates the application for compliance with Seychelles' laws and regulations. Additional information or clarifications may be requested during this process.
10. The FSA may conduct a site visit (depending on the type of activity) to verify operational readiness and compliance.
11. Upon successful review, the FSA registers the business and issues the necessary license.

Business License

Where a business requires a license, this may be obtained from the appropriate licensing authority. Licensing ensures compliance with sector-specific legal, safety, and operational standards. Multiple entities issue licenses depending on the business type, and obtaining the correct license is a mandatory requirement. Licenses are typically valid for a defined period and must be renewed upon expiry. Businesses are also required to notify the issuing authority of any significant changes, such as a change of address, expansion of activities, or changes in ownership or management. Detailed information about licensing requirements can be found on the respective authority’s website.

Types of Licenses and Licensing authorities 

Licenses are categorized based on the type of business activity.  Business licenses in Seychelles are issued by the following entities:

• Seychelles Licensing Authority (SLA): General business activities such as retail, hospitality, and construction. 

• Financial Services Authority (FSA): Financial services entities, including International Business Companies (IBCs), securities dealers, and insurance companies. 

• Seychelles Fisheries Authority (SFA), Ministry of Fisheries, Agriculture and Blue Economy: Fisheries and marine-related activities, such as fishing and aquaculture. 

• Seychelles Maritime Safety Authority (SMSA): Maritime licenses for businesses and individuals operating commercial activities within Seychelles waters, maritime training, repair and maintenance services. 

• Ministry of Environment, Climate, Energy and Natural Resources: Environmental services, renewable energy projects, and waste management.

• Central Bank of Seychelles: Banking institutions, non-bank financial institutions, and payment service providers. 

• Seychelles Civil Aviation Authority (SCAA): Aviation operations and air charters.

Costs

Licensing fees vary depending on the type of business and issuing authority. Examples include:

• SLA: Fees start at SCR 100; 

• FSA: Fees start at USD 150.

• SFA: Fees for fishing and aquaculture depend on the scale of operations; 

• SMSA: Fees for maritime licenses depend on the type and size of the vessel or operation.

For specific costs, consult the respective authority’s fee schedule available on their website.

Investment Facilitation

The Seychelles Investment Board (SIB), established in 2004, is the national agency responsible for promoting and facilitating both local and foreign investment in Seychelles. It operates under the Ministry of Finance, Economic Planning, Trade and Investment.  SIB’s mission is to position Seychelles as a competitive and diversified global investment hub by providing high-quality support services to attract, retain, and expand investments in the country.

Core Functions:

• Investment Promotion: Coordinates international outreach, investment missions, and acts as a key contact for potential investors and partners.
• Investor Facilitation: Provides pre- and post-investment support, including guidance on policies, permits, and regulatory processes. SIB also liaises with relevant authorities to streamline investor interactions.
• Market Intelligence: Conducts research and sector assessments to identify trends, investment opportunties and inform investment policy.

Strategic Objectives:

• Promote economic growth and diversification through investment.
• Support the development and expansion of business activities.
• Foster reinvestment and improve the business climate through policy input.

For more information or to begin the investment process, visit the SIB website.

Environmental Impact Assessment

An Environmental Impact Assessment (EIA) is a requirement under the Environment Protection Act, 2016 for certain projects. The EIA process helps developers and investors identify potential risks and outlines appropriate mitigation measures early in the development cycle. For investors, a completed EIA not only demonstrates compliance with national regulations but also enhances project credibility, supporting long-term sustainability and reducing future risks and costly delays.  

Steps to Submit an Environmental Impact Assessment in Seychelles

Not all projects in Seychelles require an Environmental Impact Assessment. The need depends on the project’s nature, size, and location. Projects are classified into two categories:

• Class 1: Large-scale developments with significant environmental and social impact (e.g. hotels, infrastructure), which require a full EIA.
  
  
• Class 2: Smaller developments with limited impact (e.g. residential housing, small businesses), typically subject to simplified procedures.

EIA Process Overview:

• Pre-application consultation: Meet with the Environment Department to deterimine if an EIA is needed and clarify project classification.
• Hire a Licensed Consultant: Required for Class 1 projects. The consultant manages the assessment and engagement with stakeholders.
• Scoping and Terms of Reference (ToR): The consultant prepares a scoping report to identify key impacts. The Environment Department then issues the ToR, outlining the required studies.
• Conduct the EIA Study: The consultant carries out the study in line with the ToR, covering environmental, social, and economic impacts.
• Public Consultation: The draft EIA report is shared with stakeholders for feedback, including local communities.
• Submit EIA Report: A complete report is submitted to the Environment Department, including mitigation measures and supporting documentation.
• Review and Decision: Authorities review the submission, consider feedback, and may approve the project (with or without conditions), request further details, or reject the proposal.
• Monitoring and Compliance: Approved projects are subject to environmental monitoring. Non-compliance with conditions can result in penalties or suspension.

Key Considerations for Investors:

• Timeline: EIA procedures, particularly for Class 1 projects, can take time. Early consultation and preparedness help avoid delays.
  
• Stakeholder engagement: Transparent engagement with local communities and authorities is essential for project approval and long-term success.
  

Population and skills

Population

As of 2024, Seychelles has an estimated population of approximately 100854 individuals. (NBS, 2024)

Labour Force

As at Q4 2023, the total labour force in Seychelles is 54,931 individuals. 65.2% of the labour force are employed by the Private Sector followed by Government at 19.5% and the Parastatal Sector with 15.3%. The largest employer is the Tourism-related industry with 24.6%.

Unemployment Rate

The unemployment rate in Seychelles was estimated at 3.2% as of the second quarter of 2024.

Education System

The education system in Seychelles is modeled after the British framework and is governed by the Education Act, which mandates compulsory education for children aged 5 to 16. The sector comprises Early Childhood, Primary, Secondary, Technical Vocational, and Tertiary Institutions, including both government and private establishments. The country has achieved universal access to primary and secondary education, with an adult literacy rate of approximately 96.2% as of 2024

Employment and contracts

Employers are required to provide a written contract of employment at the start of any engagement. This contract must outline key terms and conditions, including job title, description of duties, wage rates, normal working hours, probationary period (if applicable), notice requirements for termination, disciplinary and grievance procedures, and policies related to holidays, sick leave, and other entitlements. If the employment is temporary, the contract must also state the period of employment.

A contract of employment can be of either determinate or indeterminate duration, depending on the nature of the job or agreement between the parties.

A probationary period, typically lasting up to six months, may be included in the employment contract. During this period, either party may terminate the contract with a shorter notice period than is required once employment is confirmed.

The Employment Act allows termination of a contract on the grounds of redundancy, underperformance, or disciplinary issues. Notice periods vary but are generally tied to the pay cycle and typically may not exceed 30 days. Where applicable, severance pay must be provided in accordance with the law.

Employees who believe they have been unfairly dismissed have the right to appeal to the Employment Department. If the dispute remains unresolved, the case may be referred to the Employment Tribunal for final determination.

Employees are entitled to join or form trade unions, and in such cases, the terms and conditions of employment may be governed by collective agreements.

The Employment Department also oversees the enforcement of labour laws, including workplace inspections, complaint investigations, and industrial relations training. Seychelles has ratified several ILO conventions, covering areas such as occupational safety and health, wage protection, minimum age of employment, and equal treatment.

Wages

The national minimum wage in Seychelles is periodically reviewed by the Ministry of Employment and Social Affairs. As of the latest update, the minimum wage is SCR 5,804 per month (USD 392 per month) for all workers.

The average monthly wage for 2023, across all sectors is SCR 15,661 (USD 1,058). The average monthly wage in Government is SCR 19,194 (USD 1,297), in Private is SCR 14,006 (USD 946) and SCR 18,263 (USD 1,234) in the Parastatal.

The highest-paying industries are:

Information & Communication: SCR 24,995 per month (USD 1,689)

Financial & Insurance Activities: SCR 23,362 per month (USD 1,578)

Human Health & Social Work Activities: SCR 21,117 per month (USD 1,427)

The lowest-paying industries are:

Construction: SCR 9,859 per month (USD 666)

Agriculture/Forestry/Fishing: SCR 10,650 per month (USD 720)

Non-Wage Benefits

Employees in Seychelles are entitled to various non-wage benefits, including:

• Annual Leave: A minimum of 21 days of paid annual leave per year.
• Sick Leave: Up to 30 days of paid sick leave annually, with a medical certificate required for absences exceeding two days.
• Maternity Leave: Female employees are entitled to 14 weeks of paid maternity leave.
• Paternity Leave: Male Employees are entitled to 2 weeks of paid paternity leave

Non-wage benefits

Social security contributions

Both employers and employees are required to make contributions to social security schemes, which provide benefits such as pensions, sickness, and maternity allowances.

Social Security Contributions:

Employer's Responsibility: Employers are responsible for contributing to the social security system, which funds various benefits, including sickness, maternity, and work injury benefits. The specific contribution rates can vary, and it's advisable to consult the latest official resources or legal documents for precise figures.

Employee's Responsibility: Employees do not make direct contributions to the social security fund; this obligation rests solely with the employer.

Pension Contributions:

• Employer's Contribution: Employers contribute 5% of the employee's gross monthly salary to the Seychelles Pension Fund (SPF).
• Employee's Contribution: Employees are required to contribute 5% of their gross monthly salary to the SPF.

Social Security Benefits:

Sickness Benefit

Sickness benefit is paid to individuals who are temporarily unable to work due to illness or injury unrelated to their employment. It is not payable for the first three days of the medical certificate, but if the illness recurs within eight weeks, payment resumes from the first day. The sickness benefit is a fixed amount of SCR 2,480 (USD168) per month. It is payable for a maximum of 26 weeks, subject to periodic medical reviews.

Maternity Benefit

Maternity benefit is paid to employed or self-employed women who are confined or expecting to be confined. The benefit is available for up to 16 weeks, starting as early as six weeks before the expected date of delivery. The current rate is SCR 6,633.47 (USD 448), and the benefit is calculated to ensure income security during maternity leave. A minimum of 12 weeks of leave must be taken after childbirth.

Paternity Benefit

Paternity benefit is payable to male employees who take leave to support their family following the birth of their child. It is available for up to 10 consecutive days of leave and is paid at a rate of SCR 3,316.75 (USD 224). Paternity leave must be taken within the period specified by law and is only payable once per childbirth.

Work Injury Benefit

Work injury benefit is paid to individuals who suffer injury or illness due to work-related incidents. The benefit compensates for lost earnings during the period of temporary disability and may also provide for medical expenses. The amount and duration of payment depend on the degree of injury and certified medical inability to work. For permanent disability, additional compensation is provided based on the severity of the condition.

Invalidity Benefit

Invalidity benefit is a long-term financial support scheme for individuals permanently unable to work due to disability. The benefit may be paid as a pension or a grant:

• Invalidity Pension: Monthly payments for individuals who have made sufficient contributions (minimum 156 weeks or three years).
• Invalidity Grant: A one-time payment for individuals with at least 52 weeks (12 months) of contributions who do not qualify for the pension. The grant amount is calculated based on the total contributions made.

Retirement Benefit

Retirement benefit is a lifetime pension paid to Seychellois citizens who have reached the retirement age (65 years) and meet the contribution requirements. It ensures income support after retirement and is universally available to eligible citizens. .

Work permits

Non-Seychellois nationals seeking employment in Seychelles must obtain a Gainful Occupation Permit (GOP). The system operates under a quota-based framework, categorized into three sectors depending on the industry.

Quota System

The quota system governs the number of non-Seychellois workers allowed in different industries. The system aims to prioritize local employment while addressing skills shortages.

1. Category 1 Industries: Tourism, construction, agriculture, manufacturing, fishing, financial services, and security firms.
• Quotas vary by industry size and activity type:
• Certain occupations (e.g., cleaners, security officers, general helpers) are reserved for Seychellois and are excluded from quotas.
2. Category 2 Industries: Trade and commerce, and domestic workers in private elderly homes. Occupations that the quota will not be applicable are Shop Assistant/Sales Person/Hotel Boutique Assistant.
3. Category 3 Industries: Domestic workers for individual employers.These include live-in caregivers, housekeepers, and babysitters.

Renewals, Replacements, and Appeals

1. Renewals:
• GOP renewals are subject to proof that local candidates remain unavailable.
• Employers must submit the renewal application at least two months before the permit’s expiration.
2. Replacements:
• If a non-Seychellois employee leaves their position prematurely (with six months or more left on the GOP), the employer may request a replacement.
• For contracts with less than six months remaining, a fresh application is required.
3. Appeals:
• Employers dissatisfied with a decision can appeal to the Ministry of Labour within seven days.

Employer Obligations

Employers recruiting non-Seychellois workers must:

1. Maintain Compliance:
• Submit an establishment list every three months.
• Regularly report vacancies and localisation plans.
• Ensure non-Seychellois workers are not promoted to unapproved positions.
2. Provide Adequate Living Conditions:
• Employers must ensure suitable accommodation and adherence to occupational health and safety standards for non-Seychellois workers.
3. Participate in Localisation Efforts:
• Employers are encouraged to train Seychellois staff to gradually replace non-Seychellois employees in skilled positions.

Electricity

Electricity in Seychelles is primarily generated using imported fossil fuels, making the country dependent on external energy sources. To enhance energy security and address environmental concerns, the government is actively promoting the integration of renewable energy into the national grid. It is to be noted that Seychelles plans to have 15% of its electricity from renewable sources by 2030. The standard electricity supply is 220-240V AC, utilising the British socket standard (BS1363) with three rectangular pins.

As of 2023, the current installed capacity is 115 MW, with a peak demand of 63.4 MW on Mahe and 10.07 MW on Praslin.

When applying for a new or temporary electricity service in Seychelles, an application form must be completed and approved by PUC's Planning and Design Section. The form must meet BS 7671 standards. Applicants are required to submit the following documents: a valid photo ID, proof of property ownership or authorization, approved development plans, and payment for the cost estimate after the site inspection.

Investors can also install their own solar panels for their use in partnership with PUC. Any excess energy they may produce can be fed back into the national grid at rate agreed with the PUC.

Water

The PUC supplies potable water that meets World Health Organization (WHO) standards. While tap water is safe to drink, some individuals may prefer bottled water due to the chlorine used in treatment processes.

As of 2024, Seychelles’ total water storage capacity is approximately 1.65 million m³, primarily from the La Gogue Dam (1.6 million m³) and supplementary reservoirs. The country also has a desalination capacity of 12,000 m³ per day. Daily water demand averages 45,000 m³, with around 12,000 m³ typically supplied through desalination, especially during dry periods or peak usage.

Effective January 15, 2024, water and sewerage tariffs were revised as follows:

Sewerage

Telecommunications

Seychelles boasts a well-developed telecommunications infrastructure, ensuring reliable and widespread access to landline, mobile, and internet services across the islands. The country is connected to international networks through multiple undersea fiber-optic cables, enabling high-speed internet connectivity and supporting seamless communication for businesses and residents alike.

Telecommunications services are provided by several operators, including Cable & Wireless Seychelles, Airtel Seychelles, and Intelvision, offering a range of products and services:

• Landline Services: Reliable fixed-line telephony for homes and businesses.
• Mobile Services: Comprehensive coverage with 4G and emerging 5G technology in certain areas.
• Internet Services: Packages tailored for residential, commercial, and enterprise use, including fiber-optic broadband and mobile data plans.

The telecommunications market in Seychelles is highly competitive, with providers offering a wide range of packages tailored to various user needs. Consumers benefit from continuous promotional offers and access to unlimited high-speed internet, making services increasingly affordable and accessible. These advancements support both personal and business connectivity requirements, ensuring Seychelles remains at the forefront of regional telecommunications innovation.

Transport infrastructure

Seychelles features a well-established transport infrastructure that supports both local mobility and international connectivity, ensuring seamless travel across its islands.

Road

Seychelles has a well-connected road network across its main islands—Mahé, Praslin, and La Digue—providing access to towns, coastal villages, residential areas, and tourist destinations. While the total road network spans approximately 526 kilometres, Mahé has the most extensive and developed system. Roads are generally paved and well-maintained..

The public transport system is operated by the Seychelles Public Transport Corporation (SPTC), offering affordable and reliable bus services from 5:30 a.m. to 8:30 p.m. across Mahé and Praslin. A flat fare of SCR 10–15 (approx. USD $0.68–$1.01) is charged per trip, regardless of distance. Special rates apply for students and senior citizens.

Taxis are widely available at the airport, hotels, ferry terminals, and other key locations. While taxis are not metered, fares can be negotiated in advance. A number of companies also offer private vehicle hire services, including rental cars, chauffeur-driven vehicles, minibuses, and coaches—popular among both tourists and business travellers for island-wide mobility.

Air

The Seychelles International Airport, located on Mahé, serves as the country’s main gateway to the world. It offers direct and connecting flights to major international hubs in Africa, Europe, Asia, and the Middle East. The main international airlines serving the Seychelles are Air Seychelles, Emirates, Qatar Airways, Ethiopian Airlines, Turkish Airlines, Condor, Edelweiss Air, and Aeroflot. Domestic air travel is facilitated by smaller airports and airstrips on Praslin and other islands, enabling efficient inter-island connectivity.

Maritime

Port Victoria, located in the capital, is Seychelles’ primary commercial port, handling cargo, container shipments, and cruise ships. The port plays a vital role in the country’s economy, supporting trade and tourism. Inter-island ferries and smaller boats provide frequent and convenient travel options between Mahé, Praslin, La Digue, and other smaller islands.

Seychelles’ transport infrastructure is continuously evolving, with ongoing investments to enhance its capacity, efficiency, and sustainability. These efforts aim to support the nation’s economic growth, tourism, and the mobility needs of its residents and visitors alike.

Types of land

In Seychelles, land is either privately owned or Government-owned. 61.5% of the land is protected. This includes both private and government-owned land.

Types of Land Ownership

Land in Seychelles is categorized into:

• Government-Owned Land: Managed by the state and sold freehold only under the Land Bank Program for Seychellois seeking to construct a house. These plots are subject to strict regulations: they cannot be sold within the first 7 years and are exclusively for residential purposes. Land for development purposes (e.g., industrial or commercial projects) is only available on a leasehold basis, typically for 60-99 years. Lease terms vary based on development type, scale, location, and topography.
  
  
• Private Land: Owned by individuals or entities, both local and foreign, with certain restrictions on foreign ownership.

Acquisition procedures

Foreign Ownership Restrictions

Foreign nationals face specific limitations when acquiring property:

• Moratorium on Land Sales: The previous moratorium restricting the sale of residential land to non-Seychellois has been lifted. Non-citizens can now purchase residential land, but these purchases are subject to new criteria:
• Minimum Market Value: SCR 10 million (approx. USD 680,000)  for properties with a dwelling house and SCR 4,000 (approx. USD 273) per square metre for bare land.
• Plot Size Limits: A minimum of 2,000 square metres and a maximum of 4,000 square metres, with exceptions for properties requiring additional space due to privacy, security, or difficult topography.
• Sanction Duty: 12% of the market value for residential properties.
• Prohibited Purchases: Non-Seychellois cannot purchase subsidised state land or housing units sold under any Land and Housing Scheme.
  
  
• .Villa Policy: Similarly, non-citizens may invest in designated villa developments approved by the government. These villas can be part of a hotel project or a commercial real estate project. The residential component of such purchases is only permitted within these specific, approved developments

• Government Sanction: Non-citizens can purchase land if it is a commercial project. Purchases by non-citizens require government approval, often involving additional duties and taxes. 

Acquisition Procedures for Foreign Investors

The investor should engage a notary or attorney to manage the transfer of ownership. The transaction is then registered at the Registration Division.

• Registration Fee: SCR 100 per parcel.

• Statutory Fees: 5% Stamp Duty + 1.5% Sanction Processing Fee.

• Sanction Duty: An additional 11% is levied on the value of residential properties only. No sanction duty applies to commercial projects.

Leasehold Procedures of Government-Owned Land to Foreign Investors

Leasehold Procedures of Private Land to Foreign Investors

Land Costs

Private land and property prices in Seychelles vary based on location, type, and market conditions. For the most accurate and current pricing, it's advisable to consult local real estate agencies. As an indicative cost you may use the below table

Rental Prices

Rental Prices

*Note that most rentals require a 1-3 months deposit

Construction permit procedures

All construction projects in Seychelles must be approved by the Seychelles Planning Authority (SPA). Projects with potential environmental impacts may also require an Environmental and Social Impact Assessment (ESIA). The process typically follows these five steps:

1. Concept Submission

Submit a concept plan to the SPA showing the site layout and basic designs. Foreign investors must first receive feedback from the Seychelles Investment Board (SIB) before proceeding. If approved, the SPA provides initial consent to move forward.

2. Environmental and Social Impact Assessment (ESIA)

Projects with significant environmental or social impact may require an ESIA. This is determined early during the concept or SIB review stage.

• Class 1 Projects: Large-scale developments (e.g. hotels, coastal infrastructure) require a full EIA with public consultation.

• Class 2 Projects: Smaller developments with limited impact undergo a simplified assessment.

A licensed consultant conducts the study and submits findings to the Ministry of Environment for approval.

3. Submission of Detailed Plans

Once concept and ESIA (if required) are approved, developers submit architectural, structural, and utility plans to the SPA. The SPA may consult other agencies for specialised input (e.g. fire safety, sanitation, marine structures).

4. Review and Approval

The SPA reviews the full submission, ensuring alignment with regulations, ESIA recommendations, and SIB feedback.

• Standard Projects: 4–8 weeks

• Complex Projects (with ESIA): Several months

If approved, a permit is issued with specific conditions and timelines.

5. Inspections and Completion

During construction, SPA conducts site inspections to ensure compliance. Once works are completed, a Completion Certificate is issued after final inspection, allowing for occupation or use of the building.

International Trade Zones

Seychelles offers International Trade Zones (ITZ) to attract investment. Unlike traditional free trade zones that are geographically designated, the ITZs are unique in that any location can be declared an ITZ as long as it aligns with the guidelines outlined in the International Trade Zone Act, 1995. ITZ status are given to businesses which are export focus where at least 80% of their produce are exported.

Allowable businesses activity in the SITZ

• Exportation of goods from Seychelles to foreign markets
• Light assembly, manufacturing or processing of goods for foreign markets
• Provision of export services provided that the service related to goods physically handled in Seychelles

• Benefits:
• 0% Tax on Business Profits and Withholding Tax: Companies operating in ITZs are exempt from these taxes, enhancing profitability.
• 0% Customs Duty and VAT: Applicable to capital equipment, raw materials, office furniture, and equipment, reducing initial setup and operational costs.
• 0% VAT on Intermediate and Final Products: Further tax relief on products processed within the ITZs
• Exemption from Work Permit Fees: No fees for foreign workers, facilitating the recruitment of international talent.

Application Process:

1.  Submit concept and initial project details to the Seychelles Investment Board (SIB) for evaluation.

2.  After receiving feedback from the SIB, the applicant submits a formal licensing application to the Financial Services Authority (FSA). This step involves:

3.  The FSA reviews the application to verify compliance with relevant regulations..

4.   Upon approval, the FSA grants a license, and the applicant pays the full annual licensing fee.

5.  The approved site is demarcated, formally declared an ITZ and published in the official Gazette

Tax introduction and registration

In Seychelles, the tax system is administered by the Seychelles Revenue Commission (SRC). The SRC oversees various taxes, including business tax, personal income tax, Value Added Tax (VAT), and others.

Business Registration and Tax Identification

All businesses operating in Seychelles must register with the SRC within 28 days of commencing operations. This registration process assigns a Tax Identification Number (TIN) to the business, which is used in all subsequent communications with the SRC. Additionally, businesses with employees are required to register their employees within 7 days of employment. 

Corporate tax

Business tax in Seychelles is levied on the taxable income of business activities. The rates are as follows:

Presumptive Tax:

For small businesses with an annual turnover below SCR 1 million, Seychelles offers a Presumptive Tax regime as a simplified alternative to standard business tax.

• Tax Rate: A flat rate of 1.5% on the annual turnover.
• Eligibility: Applicable to sole traders, partnerships, and companies not registered for VAT, with annual turnovers under SCR 1 million.

Personal income tax

Personal Income Tax

Seychelles employs a progressive personal income tax system.

Immovable Property taxes

The Immovable Property Tax Act 2019, effective from January 2020, applies to non-Seychellois owning immovable property in Seychelles, such as condominiums, villas, commercial and industrial properties, residential buildings, and land. The tax rate is 0.50% of the property's market value and must be paid annually by 31 December to the Seychelles Revenue Commission (SRC). Payments should be accompanied by the notice of valuation from the Chief Valuation Officer. Valuations are valid for five years.

Certain exemptions apply to immovable property tax. A first time owner of an immovable property used for residential purposes is exempted from payment ‎of immovable property tax for a period of one year from the date of owning the property. This process ‎is based upon application in writing to the Commissioner General.‎ Additional exemptions  include commercial or industrial properties and residential properties owned by a non-Seychellois married to a Seychellois.

Value Added Tax

VAT in Seychelles is levied on goods and services supplied locally or imported. The standard VAT rate is 15%, applied to most goods and services.

• Zero-Rated Supplies (0%): Applies to exports and specific items listed under Schedule 2 of the VAT Act, 2010.
• Exempt Supplies: Includes items such as pharmaceutical products, basic necessities (e.g., rice, lentils) and services like education, health, and financial services, as well as goods imported to be used in the process of conservation, generation, or production of renewable energy or environmentally friendly investments. Businesses dealing exclusively in exempt supplies are not eligible for VAT registration.

VAT-registered businesses remit the difference between VAT collected on sales (output tax) and VAT paid on purchases (input tax) to the SRC. Refunds may be claimed if input tax exceeds output tax. VAT, must be submitted monthly  and paid to the Seychelles Revenue Commission (SRC) by the 21st of the following month.

Custom duties

All goods imported into Seychelles, must be declared through the Automated System for Customs Data (ASYCUDA World). Goods are classified using the Harmonized System Nomenclature (HS Code). In Seychelles, the HS Code is published under Schedule 3 of the Customs Management (Tariff and Classification of Goods) Regulations 2013.

Seychelles implements a duty-free import regime for 89% of goods under its most-favoured nation (MFN) tariff lines for imports from all countries. It has one of the lowest MFN average applied tariffs in the world.

The duty-free access is extended to 97% of goods imported under its free trade areas of the COMESA and SADC and its trade agreements with the European Union and United Kingdom.

The Customs Division collects the following taxes on imported goods:

• Value Added Tax (VAT): Applied at the point of entry on all goods imported by air, sea, or post.
• Excise Tax: Levied on excisable goods such as alcohol, tobacco, and motor vehicles.
• Levy: Calculated based on the value or quantity of specific imported goods (e.g., vehicles, chicken, pet bottles, plastic, and canned beer).
• Customs Duty: Imposed on certain goods, payable at the point of entry.

Excise Tax

Excise tax in Seychelles is imposed on specific goods that are locally manufactured or imported, including alcohol, cigarettes, motor vehicles, fuel, lubricants, and sugary drinks. The tax is charged either as a specific rate (a fixed amount per unit, such as SCR 268.40 per liter for whiskies) or as a percentage of the taxable value (such as 5% for lubricating oil). Additionally, a sugar tax of SCR 4 per litre applies to drinks with sugar content exceeding 5 grams per 100ml, though fresh local fruit drinks and plain milk without additives are exempt.

Certain goods are exempt from excise tax, including items that are exported immediately after manufacturing, moved between bonded warehouses, used as legitimate manufacturing samples, or sold to diplomatic missions.

Levy

In Seychelles, levies are additional charges imposed on certain goods or services, often used to fund specific sectors or national initiatives. Unlike VAT or Excise Tax, levies are not broad-based consumption taxes but are targeted at specific industries or products

1.  Tourism Environmental Sustainability Levy (TESL)

Introduced under the Tourism Environmental Sustainability Levy Act, 2023, this levy aims to ensure the tourism sector contributes to the preservation of Seychelles’ natural environment. it is to be paid monthly to SRC by the 21st of the following month.

This is charge by licensed tourism accommodation establishments to all non-resident tourists staying in licensed accommodation establishments.

Rate:

• SCR 100 per person per night (large hotels – 51 rooms or more)
• SCR 75 per person per night (medium hotels – 25–50 rooms)
• SCR 25 per person per night (small hotels, guesthouses, self-catering)

Exemptions: Seychellois nationals and residents, children under 12, yacht/ship crew, diplomatic staff

2.  Environmental Protection Levy (on imports)

This levy supports sustainable waste management and environmental protection. It applies to imported goods that have an environmental impact, such as:

• Electrical and electronic appliances
• Used motor vehicles
• Certain types of packaging materials

The rates vary depending on the category and environmental impact of the product. the purpose if to fund national recycling and environmental initiatives

Levy declarations must generally be submitted monthly or quarterly, depending on the sector, and payment is made to the Seychelles Revenue Commission (SRC) by the 21st of the following month unless otherwise specified.

Withholding Tax

Withholding tax applies to to specific payments made to non-residents or specified businesses. For non-residents, it is withheld on gross payments such as interest, dividends, royalties, technical or managerial service fees, and natural resource amounts. The payer, typically the business making the payment, must deduct the tax and remit it to the Seychelles Revenue Commission (SRC). Double Taxation Avoidance Agreements (DTAAs) may reduce or exempt such taxes, Withholding tax is a final tax, meaning income subject to it is not liable for further business tax

Double taxation and information exchange

Seychelles has 28 Double Taxation Avoidance Agreements (DTAAs) in effect with Bahrain, Barbados, Belgium, Botswana, China, Cyprus, Ethiopia, Guernsey, Indonesia, Kenya, Luxembourg, Malaysia, Mauritius, Monaco, Oman, Qatar, Singapore, South Africa, Sri Lanka, Thailand, UAE, Vietnam, and Zambia.

Seychelles has signed an inter-governmental agreement with the United States to implement the Foreign Account Tax Compliance Act (FATCA), which is awaiting ratification.

Seychelles has signed Tax Information Exchange Agreements (TIEAs) with 11 countries -  Denmark, the Faroe Islands, Finland, Greenland, Guernsey, Iceland, India, the Netherlands, Norway, Sweden, and Switzerland.

Seychelles is party to the SADC Agreement on Tax Matters which is expected to allow Seychelles to enhance its rating with the Organization for Economic Co-operation and Development (OECD) Global Forum on Transparency and Exchange of Information for Tax Purposes.

Seychelles is also a member of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) and a signatory to the Inclusive Framework’s October 2021 agreement on the two-pillar solution to global tax challenges, including a global minimum corporate tax. 

Furthermore, Seychelles has signed and ratified the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI).

Legal framework

Seychelles’ legal system is a blend of English common law, the Napoleonic Code, and customary law. Civil matters are governed by the Civil Code of Seychelles, derived from the French Napoleonic Code, while company law and criminal laws are based on British law. Procedural rules in civil and criminal matters are also derived from British law. Seychelles does not yet have a specialized commercial court, although plans to introduce one were announced in 2022. Judgments of foreign courts are governed by Section 3 of the Foreign Judgments (Reciprocal Enforcement) Act, 1961.

The Seychelles Investment Act, 2010, and the Seychelles Investment Policy, 2018, provide the legal framework to attract and retain foreign direct investment (FDI). The government encourages investments that align with Seychelles' sustainable development goals.

Investors are required to comply with licensing requirements managed by the respective licensing bodies, ensuring that business operations align with national policies and environmental standards.

Investment protection

Seychelles emphasizes the effective protection of investments through the Seychelles Investment Act, 2010, and the Seychelles Investment Policy, 2018, including: 

• Fair and Equitable Treatment: The government commits to treating all investors fairly and equitably, ensuring no discrimination between domestic and foreign investors.
• Protection Against Expropriation: Investments are protected from expropriation or nationalization unless for public interest, and even then, due process is followed with adequate and timely compensation based on fair market value.The Acquisition of Land in the Public Interest Act, 1996, further provides that compensation for expropriation must be based on fair market value and paid promptly.
• Transparency: Policies, laws, and procedures are applied consistently and transparently to foster investor confidence.
• Regulatory Stability: Seychelles ensures a stable regulatory environment, minimizing political and regulatory risks that could deter investors.

Dispute settlement

Seychelles is a member of the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID Convention) and the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards.

The legal framework for international arbitration is governed by the Commercial Code of Seychelles, the Code of Civil Procedure and the Seychelles Investment Act, 2010.

Investment Appeal Panel.

Bankruptcy Regulations

Bankruptcy is governed by the Insolvency Act, 2013, which allows individuals to be discharged from bankruptcy three years after its declaration. Bankruptcy is not criminalized in Seychelles.

International investment agreements

Seychelles has two Bilateral Investment Treaties (BITs) in force with Cyprus (1996) and France (2007). It has two additional BITs with China and Egypt that are not yet in force.

Seychelles is a member of the following international investment agreements:

• Convention on the Settlement of Investment Disputes between States and Nationals of Other States
• The New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards 
• The Convention Establishing the Multilateral Investment Guarantee Agency (MIGA)
  

Repatriation of funds

Seychelles has no restrictions. Companies registered in Seychelles have the right to freely repatriate capital, dividends, and profits, subject to compliance with foreign exchange regulations..

Intellectual property

The Seychelles Intellectual Property Office is part of the the Registration Division of the Registrar General. It oversees the registration and maintenance of intellectual property rights. Matters related to copyright are managed by the Cultural Property and Copyright Section (CPC), under the Ministry of Tourism and Culture.

The National Intellectual Property Committee, located under the Trade Division of the Ministry of Finance, National Planning, and Trade provides broader coordination, legislative and policy review, and implementation.

Seychelles is an active member of key regional and international organizations and treaties, ensuring robust protection standards and easier access to global markets.

Legal Framework

• The Industrial Property Act No. 7 of 2014 covers the protection of inventions, brand identities, product designs, and other industrial innovations. 
• The Copyright Act No. 5 of 2014 safeguards original literary, artistic, and creative works.
  

Types of IP Protection Available

• Copyrights: Protect original literary and artistic works like books, songs, films, and paintings.
• Patents: Protect inventions offering new technical solutions across industries like pharmaceuticals, electronics, and machinery.
• Trademarks: Safeguard brand identity—names, logos, and slogans—helping businesses differentiate their goods and services.
• Geographical Indications: Protect product names linked to specific regions known for certain qualities or reputations (e.g. wine, vanilla). 
• Industrial Designs: Protect the unique appearance, shape, pattern, or colour of a product, enhancing market appeal.
• Trade secrets: Protect information with commercial value that is kept confidential  by its owner from disclosure, acquisition and use by others without authorization.
• Undisclosed test data.  Protects data submitted to regulatory authorities for the marketing approval of pharmaceutical and agrochemical products that utilize new chemical entities against unfair commercial use and disclosure.

Enforcement of intellectual property rights

Civil and administrative procedures are available for the enforcement of intellectual property rights. Legal remedies include applying to the courts to stop unauthorized use, claim damages, or require the infringing party to remove or destroy the infringing products. The Customs Management Act No. 22 of 2011 provides for enforcement measures at the border concerning trademark counterfeit goods and copyright piracy. 

Criminal procedures are available against trademark counterfeiting and copyright piracy commmited at a commercial scale.

International agreements

Seychelles is a member of the African Regional Intellectual Property Organization (ARIPO) and the World Intellectual Property Organization (WIPO).

WIPO - Paris Convention

The Paris Convention for the Protection of Industrial Property (1883) establishes industrial property protection rules regarding patents, marks, industrial designs, trade names, geographical indications and the repression of unfair competition. Its provisions include regulations regarding the national treatment, the right of priority and a number of common rules.

Link to WIPO website

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Relevant documents

WIPO Paris Convention

WIPO - Patent Cooperation Treaty (PCT)

Patent Cooperation Treaty (1970)

Link to WIPO website

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Relevant documents

WIPO Patent Cooperation Treaty

WIPO Convention

Convention Establishing the World Intellectual Property Organization (1967)

Link to WIPO website

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Relevant documents

WIPO Convention

ARIPO - Harare Protocol

The Protocol empowers the ARIPO Office to receive and process patent and industrial design applications on behalf of states party to the Protocol.

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Relevant documents

Harare Protocol

Competition law

The Fair Trading Commission (FTC) plays a central role in promoting and maintaining fair competition in Seychelles. Its mandate is to safeguard consumer interests, encourage innovation, and ensure market efficiency. The FTC investigates anti-competitive practices, monitors market behaviour, addresses complaints, and enforces compliance through tools such as penalties, cease-and-desist orders, and legal proceedings. It also undertakes outreach and educational activities to help businesses and consumers understand competition laws and their rights.

Regional instruments (such as those under COMESA or SADC) aim to tackle cross-border anti-competitive practices, enhance market access, and ensure a level playing field for businesses operating across member states.

Recent Legislative Developments

Economy and production

Seychelles is primarily a service-based economy, with tourism as the dominant sector, contributing approximately 46.2% of the country's GDP. Other significant sectors include fisheries, offshore financial services, agriculture, and energy production. With a GDP per capita of USD 17,879, Seychelles ranks as the highest in Africa and also holds the continent’s highest Human Development Index (HDI).

During the COVID-19 pandemic, Seychelles faced significant economic challenges, particularly in the tourism industry. However, in the post-COVID period, the country experienced a faster-than-expected recovery in tourism, contributing to a 7.1% GDP growth in 2021. The economic outlook remains stable, with real GDP growth projected at 4.3% in 2025 and average inflation expected to reach 2.3%.

In recent years, the government has prioritised economic diversification to reduce overdependence on tourism and enhance economic resilience. Seychelles continues to position itself as an attractive destination for investment across multiple sectors. Key initiatives include promoting the Blue Economy as a driver of sustainable growth, encouraging investments aligned with the Sustainable Development Goals (SDGs) through an SDG Investor Map, and diversifying within the tourism sector to ensure offerings remain competitive and innovative.

Market access

Seychelles is a member of the WTO, including the Agreement on Trade Facilitation (TFA). Seychelles also benefits from trade agreements that provide preferential market access to African, European, Asian, and North American markets.

Regional and international markets

African Continental Free Trade Area (AfCFTA)

The AfCFTA brings together 54 African countries into a single continental market with a population of over 1.4 billion people and a combined GDP of around USD 3.4 trillion. The agreement aims to progressively eliminate tariffs and non-tariff barriers on goods and services and promote regional value chains.

The Free Trade Agreement of Common Market for Eastern and Southern Africa (COMESA)

COMESA is a regional economic community comprising 21 member states and a combined population of over 580 million. Seychelles is part of the COMESA's Free Trade Area allowing for duty-free access to the regional market.

Southern African Development Community (SADC)

Seychelles is a member of SADC and its protocol on trade in goods, which provides for free trade and customs cooperation, and the protocol on trade services, which has currently liberalized communication, construction, energy, finance, tourism and transport services.

European Union Economic Partnership Agreement (EPA)

Seychelles is a party to the interim Economic Partnership Agreement between the European Union and Eastern and Southern Africa (ESA) states. The agreement provides duty-free, quota-free access to the EU market for almost all goods exported from Seychelles. It also covers fisheries, and customs cooperation.

UK–ESA Continuity Agreement

Following the United Kingdom’s withdrawal from the European Union, Seychelles and other ESA states signed a continuity agreement in 2020 to maintain preferential trade terms of the interim EPA.

Indian Ocean Commission (IOC)

The Indian Ocean Commission (IOC) composed of Seychelles, Mauritius, Madagascar, Comoros, and Réunion (France) promotes cooperation in maritime safety, regional trade, environmental protection, and climate resilience, including cooperation on the blue economy that Seychelles is actively promoting.

African Growth and Opportunity Act (AGOA)

Seychelles is beneficiary of AGOA that provides duty-free access to the US market for a wide range of goods.

China’s Belt and Road Initiative (BRI)

Seychelles joined the Belt and Road Initiative in 2018 through the signing of a Memorandum of Understanding with China. The BRI aims to promote infrastructure development, connectivity, and economic cooperation between China and partner countries across Asia, Africa, and Europe. The initiative is aligned with Seychelles’ broader infrastructure and blue economy goals.

Tourism Sector

Tourism is the largest pillar of Seychelles’ economy, contributing approximately 46.2% of GDP and directly supporting a substantial share of the national workforce. Renowned for its pristine beaches, unique biodiversity, and year-round tropical climate, Seychelles has positioned itself as a premier destination for high-end tourism. In 2022, the country welcomed over 350,000 visitors, primarily from Europe, Asia, and the Middle East. The sector demonstrated strong resilience, rebounding swiftly from the impacts of the COVID-19 pandemic.

Seychelles has consistently worked to balance tourism growth with environmental sustainability. Its sustainable tourism strategy promotes low-impact, high-value tourism by encouraging eco-friendly resorts, boutique accommodations, nature-based experiences, and cultural heritage tourism. This approach is underpinned by clear regulations and policies that promote responsible development while preserving the country's reputation as a high-quality destination.

Key opportunities in this sector include:

• Luxury and Boutique Hotels: Developing new high-end resorts, boutique hotels, and eco-lodges that offer personalized, high-quality experiences while maintaining a low environmental impact.
• Cultural Tourism: Establishing experiences that showcase Seychellois culture, including Creole cuisine, music, traditional crafts, and community-based tourism initiatives.
• Adventure Tourism: Promoting outdoor activities such as hiking, island-hopping, snorkeling, scuba diving, and water sports, leveraging the country’s diverse natural landscapes.
• Gastronomy and Fine Dining: Establishing new restaurants, beach clubs, and culinary experiences that highlight both local and international cuisine.
• Wellness and Health Tourism: Developing wellness retreats, spas, and health-focused resorts, catering to the growing demand for wellness and medical travel.
• MICE (Meetings, Incentives, Conferences, Exhibitions) Tourism: Developing facilities and services to attract international conferences, corporate retreats, and incentive travel, capitalising on Seychelles’ appeal as an exclusive destination.
• Digital Nomad Tourism: Leveraging the Seychelles Extended Stay Visa to attract remote workers and digital nomads, supported by a strong and fast digital infrastructure.

Fisheries and the Blue Economy Sector

Fisheries are the second pillar of Seychelles' economy, contributing approximately 20% of GDP. The sector is anchored by tuna and seafood exports, which remain the country’s primary export. Seychelles is home to the world’s second-largest tuna processing factory, located in the capital city of Victoria, making it a strategic hub for the Indian Ocean’s tuna trade.

Seychelles has positioned itself as a leader in the Blue Economy, balancing sustainable marine resource management with economic growth. The country has pioneered innovative policies, including the issuance of the world’s first sovereign blue bond in 2018, which raised capital for ocean-based sustainable projects and marine conservation.

Key opportunities in this sector include:

• Sustainable Fisheries: Enhancing local capacity for sustainable fishing, aquaculture, and seafood processing while enforcing measures against overfishing and illegal, unreported, and unregulated (IUU) fishing.
• Fish Processing and Seafood Packaging Factories: Expanding value-added processing with opportunities for new fish processing plants, seafood packaging facilities, and cold storage solutions, leveraging Seychelles' position as a regional processing hub.
• Marine Research and Marine Biotechnology: Establishing research and development laboratories focused on marine biotechnology, sustainable aquaculture techniques, and innovative seafood products, creating a platform for scientific innovation.
• Aquaculture Development: Scaling mariculture projects to produce high-value seafood products, including prawns, sea cucumbers, and other marine species, diversifying the country's seafood portfolio.
• Marine Conservation: Strengthening marine biodiversity protection through the establishment of marine protected areas (MPAs) covering 30% of the country’s exclusive economic zone (EEZ), ensuring the preservation of coral reefs, seagrass beds, and other critical ecosystems.
• Blue Energy: Developing ocean-based renewable energy solutions, including floating photovoltaic (PV) systems, offshore wind, and wave energy, aligning with Seychelles' sustainability objectives.

Financial Services Sector

Seychelles has developed a robust financial services sector. The sector includes banking, insurance, capital markets, and non-bank financial services, overseen by the Financial Services Authority (FSA), which ensures compliance with international standards. The country’s financial ecosystem supports a wide range of services, including International Business Companies (IBCs), trusts, foundations, mutual funds, hedge funds, and insurance services. Seychelles’ dual legal system, combining English Common Law and French Civil Law, provides a versatile framework for various financial structures.

Key opportunities in this sector include:

• Capital Markets: Attracting more listings on local exchanges, including MERJ Exchange and SECDEX, across diverse industries.
• Fintech and Digital Finance: Expanding digital financial services, including blockchain and digital payments.
• Wealth Management: Offering private banking and asset protection services for high-net-worth clients.
• Insurance and Reinsurance: Enhancing life, health, and specialty insurance services to meet regional demand.
• Sustainable Finance: Developing green finance products and frameworks to support environmental projects.

Energy Sector

Seychelles' energy sector is predominantly reliant on imported fossil fuels, with diesel generators supplying the majority of electricity. This dependence exposes the country to price volatility and supply risks. In 2023, electricity generation totaled 476 GWh, with renewable energy accounting for approximately 3.6% of the mix. To enhance energy security and sustainability, Seychelles has set a target to increase renewable energy's share to 15% by 2030. The government has introduced the Independent Power Producers (IPP) Bill, allowing private investors to develop and operate renewable energy projects, selling electricity directly to the grid.

Notable developments include the exploration of floating photovoltaic (PV) systems, which maximise the use of limited land space by deploying solar panels in lagoons and offshore areas. Seychelles is also promoting waste-to-energy initiatives to address waste management challenges while diversifying its energy mix.Additionally, the country is exploring offshore wind and tidal energy..

Key opportunities in this sector include:

• Renewable Energy Projects: Developing solar, floating PV, wind, and waste-to-energy facilities under the IPP framework, leveraging Seychelles' strong solar and wind potential.
• Floating Photovoltaic (PV) Systems: Expanding the use of floating PV on lagoons and other water bodies, maximising energy generation without occupying valuable land.
• Waste-to-Energy Infrastructure: Investing in facilities that convert municipal waste into electricity, addressing both energy and waste management needs.
• Energy Storage Solutions: Implementing battery storage systems to enhance grid reliability and support the integration of intermittent renewable energy.
• Energy Efficiency Initiatives: Investing in energy-saving technologies and programmes across residential, commercial, and industrial sectors.
• Electric Mobility Infrastructure: Expanding electric vehicle charging networks and promoting electric mobility as part of Seychelles’ sustainability strategy.

Agriculture Sector

The sector is primarily focused on the production of fruits, vegetables, poultry, pork, and eggs, ensuring local food security. Recently, the government has begun actively promoting niche agricultural products such as cinnamon, vanilla, and honey, recognising their potential for export and their appeal to the tourism market. 

While certain aspects of agriculture—such as primary crop cultivation and livestock farming are reserved for Seychellois participation, the sector is open to foreign investment in high-tech and innovative farming solutions. This includes hydroponics, vertical farming, advanced aquaculture, and the supply of animal feed and nutritional supplements. Investment opportunities also exist in value-added processing, such as essential oils, herbal teas, spice blends, and gourmet honey products. 

Real Estate Sector

Seychelles' real estate sector is a dynamic and steadily growing part of the economy, offering opportunities across residential, commercial, hospitality, and industrial properties. The sector is known for high-end developments, attracting both local residents and international buyers. A notable example is the Eden Island Project, a luxury marina development on reclaimed land near Mahé. This iconic destination offers luxury villas, apartments, and yacht berths, drawing high-net-worth individuals from around the world.

Key opportunities in the real estate sector include:

• Luxury and High-End Residential Developments: Developing villas, beachfront properties, and luxury apartments catering to international buyers and expatriates.
• Mixed-Use Developments: Creating integrated resort schemes, marina residences, and multi-purpose complexes that combine residential, commercial, and hospitality spaces.
• Commercial Real Estate: Investing in office spaces, retail centres, and serviced apartments, particularly in prime locations such as Victoria, Mahé, and Praslin.
• Sustainable and Green Real Estate: Integrating eco-friendly designs, energy-efficient buildings, and green certifications into new developments, aligning with Seychelles’ sustainability goals.
• Property Management and Real Estate Services: Offering property management, facility management, and real estate brokerage services for local and international clients.

Other Opportunities

ICT and Digital Economy

Seychelles has made significant progress in digital transformation, with widespread mobile network coverage and connectivity through three undersea fibre optic cables, ensuring high-speed, redundant internet access. This robust digital infrastructure makes Seychelles an ideal destination for investment in digital services. The government’s Seychelles Extended Stay Visa has further positioned the country as a destination for digital nomads. Key opportunities include software development, digital payment solutions, cloud services, e-commerce, and online education.

Manufacturing and Agro-Processing

Seychelles’ manufacturing sector is small but holds significant potential, particularly in value-added processing of high-end, luxury niche products. Key areas include seafood processing, coconut-based products, spices, and herbal teas, catering to both local consumption and export markets. The government is actively promoting agro-processing, sustainable packaging solutions, and eco-friendly manufacturing practices.

Maritime and Logistics

Strategically located along major Indian Ocean trade routes, Seychelles serves as a natural hub for maritime and logistics services. The Port of Victoria is the country’s main gateway, supporting fishing, transshipment, and cargo operations. Investment opportunities exist in port infrastructure development, maritime services, ship repair, and logistics solutions.

Education Sector

Seychelles is home to a growing education sector, with the government actively promoting online education, vocational training, and professional development. Opportunities exist in private education, e-learning platforms, executive training, tertiary education, and education technology solutions.

Why invest in the country?

Seychelles offers a stable, well-regulated environment with a strong track record of good governance and institutional reliability. Its strategic location in the Indian Ocean, favourable time zone (GMT+4), and direct air links to Asia, Europe, and Africa make it a natural hub for cross-border business.

As one of Africa’s top performers in transparency, human development, and income per capita, Seychelles provides a secure platform for investment. There are no foreign exchange controls, and investor protections are reinforced through double taxation agreements and bilateral treaties.

Growth sectors include fisheries, tourism, agriculture, ICT, renewable energy, and real estate. Combined with a skilled workforce and modern infrastructure, Seychelles presents a compelling value proposition for investors seeking long-term, sustainable opportunities.

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