Seychelles: Offshore Legal and Tax Regimes
Employment and Residence
In order to work in the Seychelles, a 'Gainful Occupation Permit' is needed, which must be applied for by the employer, and costs SR8,400 per person per year plus a processing fee of SR1,000. In addition there are restrictions on the percentage of foreign employees permitted in a company. Only in the SITZ can 100% of the workforce be foreign, and Permits are not required; normally the percentage is quite low, although there are exceptions for some types of offshore entity, and reduced rates of USD120 per year apply to permits issued to approved investors under the Investment Promotion Act, who can employ up to 25% foreign staff on that basis, and another 25% at normal rates.
Foreigners cannot own land in the Seychelles without Government approval.