Economic Overview, Africa's Highest GDP per Capita & Global IBC Hub
Seychelles combines offshore corporate financial services with ultra-luxury tourism and world-leading tuna transshipment.
Key Economic Clusters
- International Business Companies & FinTech: Global offshore corporate registry (FSA), fund administration, and digital assets.
- Ultra-Luxury Hospitality: Elite private island resorts generating top-tier tourism revenues.
- Blue Economy & Marine Fisheries: Port Victoria tuna canning and innovative sovereign blue bond financing.
Employment Contracts, Employment Act 1995 & GOP Work Permits
Regulated by the Employment Act 1995.
- Gainful Occupation Permits (GOP): Non-Seychellois employees must hold a valid GOP issued by the Department of Employment before starting work.
- Probation Period: Maximum statutory probation is 6 months.
Working Hours, Leave & Seychelles Pension Fund (SPF)
- Standard Hours: 40 to 45 hours per week (typically 8 hours/day over 5 days).
- Annual Leave: Minimum 21 working days paid vacation per year.
- Paid Sick Leave: 30 paid days per year.
- Public Holidays: 13 official national public holidays.
- Maternity Leave: 16 weeks fully paid maternity leave.
- Social Security (SPF): Employers contribute 5.0% and employees contribute 5.0% of gross wages (10% total).
Why Use an Employer of Record (EOR) in Seychelles
- Rapid Corporate & Financial Hiring: Onboard corporate administrators, compliance officers, and resort leads in Victoria in days.
- SPF & SRC Automated Compliance: Seamless management of 5% pension contributions and SRC personal tax filings.
Hiring in Seychelles? Key Resources
Whether you are evaluating entity setup vs. using an Employer of Record, or looking for the best international payroll solution, our guides give you transparent benchmarks:
