The Republic of Seychelles is an archipelago of 115 islands on the Indian Ocean. The country holds a freedom score of 61.1, thus ranking it the 79th freest country in 2022. Seychelles has moderately seen significant growth in the GDP per capita from 2021. The Republic of Seychelles ranks 5th out of 47 in the Sub-Saharan Region in economic development.
Victoria, Anse Boileau, Beau Vallon, Takamaka
IT Professionals, Software engineers, and General managers
Top University in Seychelles are:
World : 9524
The average monthly salary of some jobs available in Seychelles are as follows:
|Job Title||Average Monthly Salary (SCR)||Average Monthly Salary (USD)|
|Financial Manager||37,300 SCR||2917.43 USD|
|General Manager||33,500 SCR||2620.21 USD|
|Business Development Manager||28,100 SCR||2197.85 USD|
|Financial Analyst||23,100 SCR||1806.77 USD|
|Business Analyst||22,400 SCR||1752.02 USD|
|Project Manager||20,900 SCR||1634.70 USD|
Jobo, Jobisland, MillionMakers
The payroll cycle in Seychelles is Monthly.
The minimum wage in Seychelles is 44.10 SCR per hour for casual employees and 38.27 SCR for all other employees.
Overtime pay above 60 hours is 150% of the basic wage; however, work done on holidays or rest days will increase to 300%.
The 13th-month pay is compulsory in Seychelles.
|Social Security Contribution||20%|
|Social Security Contribution||2.5%|
For Seychelles residents
|Annual Taxable Income||Tax Rate|
|From 0 to 8,555.50 SCR||0%|
|From 8,555.51 to 10,000 SCR||15%|
|From 10,001 to 83,000 SCR||20%|
|Above 83,001 SCR||30%|
The standard rate of VAT in Seychelles is 15%.
Both employer and employee can terminate the employment letter. If the employee had a fixed contract from the employer, the individual must provide a notice period. However, the employer can terminate the employment contract for reasons of redundancy.
The notice period in Seychelles is 14 days.
The severance pay in Seychelles is mostly the compensation for the notice period provided.
To work in Seychelles, an individual must have a Gainful Occupation Permit (GOP), which allows working within the country. Either the employer or the employee can apply for the GOP. However, for any individual, an approval certificate from the Ministry of Employment, Immigration and Civil Status (MEICS) is required initially.