Operating a Business

flag Seychelles Seychelles: Operating a Business

In this page: Setting Up a Company | Working Conditions | Cost of Labour | Social Partners

 

Setting Up a Company

Sole Propietorship
Number of partners: One
Capital (max/min): No minimum capital required
Shareholders and liability: The individual is personally liable for all the debts and obligations of the business
Partnership
Number of partners: Minimum two, no maximum
Capital (max/min): No minimum capital required
Shareholders and liability: Unlimited liability for the debts and obligations of the business
Limited Partnership
Number of partners: Minimum two (at least one general partner), no maximum
Capital (max/min): No minimum capital required
Shareholders and liability: The general partners manage the business and have unlimited liability for its debts and obligations, while the limited partners contribute capital but have limited liability
Private Company
Number of partners: Minimum of one shareholder and one director, who can be the same person
Capital (max/min): SCR 5,000 (approximately USD 370)
Shareholders and liability: Limited to the shares
Public Company
Number of partners: If a company is listed on the Seychelles Stock Exchange or has more than 50 shareholders
Capital (max/min): SCR 50,000 (approximately USD 3,700)
Shareholders and liability: Limited to the shares
International Business Company
(for offshore operations in the Seychelles)
Number of partners: Minimum of one shareholder and one director
Capital (max/min): No minimum capital required
Shareholders and liability: Can be limited by shares or limited by guarantee (with or without share capital)

The Competent Organisation
Seychelles Business Register
 
Setting Up a Company Seychelles Sub-Saharan Africa
Procedures (number) 9.0 7.5
Time (days) 32.0 21.3

Source: Doing Business.

 
Business Setup Procedures
Seychelles Chamber of Commerce and Industry (SCCI)
Seychelles Government Portal

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Working Conditions

Legal Weekly Duration
60 hours per week for worker other than a watchman - ( Regulation 3 of Conditions of Employment Regulations, 1991)
72 hours per week for a watchman - ( Regulation 3 of Conditions of Employment Regulations, 1991)
Retirement Age
65 years
Working Contracts
According to article 19 of the Employment Act, a contract of employment may be:
(a) of continuous employment;
(b) for a fixed term;
(c) for the employment of a part-time worker; or
(d) for the employment of a casual worker.

Where a contract for a fixed term is expressed to be for a period determined by reference to is duration in time, the contract, shall be for such period, not less than 3 months, as may be determined by the parties to the contract.Provided, however, that where the interval between two consecutive fixed term contracts under which a worker is employed by the employer is not more than ninety days, the worker shall be deemed to have been in continuous employment during such interval and such worker shall be entitled to compensation under the Employment Act in respect of the entire period of such employment.

Contracts under letters (a), (b), and (c) shall be reduced to writing by the employer.
Labour Laws
International Labour Organization (ILO), Information System on International Labour Standards - Seychelles

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Cost of Labour

Social Contributions
Social Security Contributions Paid By Employers: 3%
Social Security Contributions Paid By Employees: 3%

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Social Partners

Labour Unions
Seychelles Federation of Workers’ Unions (SFWU)
United Workers Seychelles
Unionisation Rate
Between 15% and 20% (data U.S. Department of State - 2022)
Labour Regulation Bodies

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Latest Update: November 2023