Seychelles Employer of Record & Payroll
What is the main language spoken in Seychelles:
There are 3 official languages in the Seychelles: Creole, English, and French.
95% Seychellois speak Seychellois Creole (Seselwa) derived from French.
This language is a mix of African languages such as Swahili and Malagasy, but with large French influences.
What type of employment contracts can you offer in Seychelles:
- Fixed Term
- Indefinite term
- Be in writing
- Be in the official local language and the local currency
- Include salary/compensation, benefits and termination requirements
- Have specific working terms and conditions
- Can be eligible for organizational perks and/or other benefits
- Tend to be more focused [as only one employer] and familiar with the specific business – due to e.g. ongoing company training etc.
- Probationary period is 1 month [standard]
WHAT INCOME IS TAXABLE IN Seychelles:
Any income earned in the form of cash, wages, salary, overtime, leave pay or payment in lieu of leave, commissions, gratuity, bonus, or any amount that has benefited the employee. All income will be taxed in accordance with the law and the final payroll issued monthly.
WHAT INCOME IS exempt from TAXes IN Seychelles:
The tax payable by the employer on any benefit provided to an employed person(an employee) for example accomodation, meals, transport, insurance and others as listed in the fourth schedule of the income and non-monetary benefits tax act 2010.
An employer shall be liable to pay tax at the rate of 15% of the value of an non-monetary benefit provided to an employed person and such tax shall be computed in accordance with Schedule 4 of the Income and Non-Monetary Benefit Tax Act in respect of each non-monetary benefit provided to the person employed.
Standard working hours: Number Overtime to be paid?
- The standard work week may not exceed 60 hours or 12 hours per day.
- Overtime is allowed of up to 60 hours per month or 15 extra hours per week.
- Overtime is payable:
- In the case of a worker, other than a shift worker or a watchman, at the rate of
- 1 ½ hours’ pay for 1 hour’s work on a weekday
- 2 hours’ pay for 1 hour’s work on a holiday
- In the case of a worker, other than a shift worker or a watchman, at the rate of
Mandatory contributions?
Employee
| Contribution Type | Contribution Rate |
|---|---|
|
Pension Contribution Fund |
2% |
|
Social Security |
2.5% |
Employer
| Contribution Type | Contribution Rate |
|---|---|
|
Pension Contribution Fund |
2% |
|
Social Security |
20% |
What is the Maternity and Paternity policy within Seychelles:
Maternal leave:
- Entitled to 16 weeks’ paid maternity leave of which not less than 12 weeks shall be taken after birth.
Paternal leave:
- Immediately after delivery or miscarriage entitled to 10 working days leave from work.
What type of leave is allowed in Seychelles:
Annual leave
- 21 days, full pay annually
Sick Leave
- Employees in Seychelles are entitled to 21 days’ sick leave per year.
Do I need to pay a mandatory bonus annually OR is it discretionary in Seychelles:
Annual bonuses are common in Seychelles and the government is considering extending the mandatory [public sector] 13th month bonus to the private sector
What Gratuity / Severance payments do you need to provide for Seychelles:
- Probationary periods are allowed.
- Employers must give one month’s notice to employees on fixed-term contracts if they don’t plan to renew the contract.
- Different notice periods apply depending on the type of termination:
- Casual worker: one day’s notice
- Worker on probation: seven days’ notice
- Any other Seychellois worker: one month’s notice
- Non-Seychellois worker who is not casual or on probation: notice period specified in the contract or one month if not specified.
- Severance pay may be required based on the termination method used.
CAN YOU GIVE FRINGE BENEFITS IN Seychelles:
Yes you can but keep in mind that Fringe Benefits will be subject to employee PAYE tax. Only benefits that cannot be converted to cash will not be subject to tax. If the employer covers some of the employees expenses i.e. mobile phone then it must be subject to PAYE tax and either the employer will cover this portion for the employee or the employee will bear the PAYE tax.
Mandatory Probation period of Seychelles:
An employee on probation in Seychelles should give a notice period of at least seven days.
What are the Corporate and VAT / Sales tax rates in Seychelles:
Corporate Tax Rates: 25% [in general]
VAT / Sales Tax Rates: 15% [on most goods and services]
Public Holidays in Seychelles:
What Industries we support in Seychelles:
- Non-Governmental Organization’s (NGO) / Non- profit
- Engineering & Construction
- Government / Development Agencies
- Oil & Gas
- FMCG & Manufacturing
- Private Equality, Finance, Insurance & Banking
- Mining
- Agriculture
The information provided above is for an “informative decision” and may change at any given time without prior notice. We always suggest speaking to one of our Sales Consultants before engaging in country.
