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🇸🇨 Seychelles

Work & Business

Seychelles' economy is built on tourism, fishing, and offshore finance. For expats, the primary work modes are remote work under the Workcation Retreat visa, employment in the tourism/hospitality sector, or establishing an offshore business.

Tourism & Finance

Key Sectors

70% of GDP combined

0%

Nomad Visa Tax

On foreign income

~50 Mbps

Internet Speed

Fixed broadband avg.

1–3 weeks

IBC Formation

Offshore company

Overview

Seychelles' economy is built on tourism, fishing, and offshore finance. For expats, the primary work modes are remote work under the Workcation Retreat visa, employment in the tourism/hospitality sector, or establishing an offshore business. The tax-free nomad visa and territorial tax system make Seychelles particularly attractive for location-independent professionals.

Key Takeaways

  • Tax-free remote work: zero local tax on foreign income under the Workcation visa
  • Tourism & hospitality: largest employer — hotels, resorts, dive centres, and tour operators regularly hire expats
  • International Business Company (IBC): zero tax on foreign income; registration 1–3 weeks; annual fee ~$300
1

Remote Work in Seychelles

The Workcation Retreat Program positions Seychelles as a premium remote work destination. While it can't compete with Bali or Lisbon on coworking infrastructure or nomad community size, it offers something unique: tax-free island living in one of the world's most beautiful settings. Internet speeds average ~50 Mbps — adequate for video calls and standard remote work but not ideal for heavy data transfer.

  • Tax-free remote work: zero local tax on foreign income under the Workcation visa
  • Internet: ~50 Mbps average fixed broadband; improving with fibre expansion
  • Time zone: UTC+4 — good overlap with Europe (morning), Middle East, and India; challenging for US West Coast
  • Coworking: limited to Blend Seychelles and Regus in Victoria; most nomads work from home or hotels
  • Cafés with WiFi: growing number in Beau Vallon and Victoria, but infrastructure is basic
  • Power outages: occasional — consider a UPS (uninterruptible power supply) for critical work
  • Mobile hotspot: Airtel 4G provides decent backup connectivity on Mahé and Praslin
2

Working Locally in Seychelles

Local employment for expats is concentrated in tourism, hospitality, education, healthcare, and financial services. Employers must obtain a Gainful Occupation Permit (GOP) on your behalf, which requires demonstrating that no qualified Seychellois candidate is available for the role. Salaries are modest by international standards but the lifestyle compensates.

  • Tourism & hospitality: largest employer — hotels, resorts, dive centres, and tour operators regularly hire expats
  • Education: International School Seychelles and other private schools hire qualified teachers
  • Healthcare: nurses, doctors, and specialists recruited internationally to fill gaps
  • Financial services: offshore banking, company formation, and legal services employ qualified expats
  • Average salary range: SCR 10,000–25,000/month ($700–$1,750) depending on sector and seniority
  • Senior/specialist roles: SCR 30,000–60,000/month ($2,100–$4,200)
  • GOP processing: 4–8 weeks; employer handles the application
3

Starting a Business & Offshore Companies

Seychelles is a well-established offshore jurisdiction. International Business Companies (IBCs) are popular for holding companies, e-commerce, consulting, and investment vehicles — they pay zero tax on foreign-sourced income. For a local business, you'll need a business licence and potentially foreign investment approval from the Seychelles Investment Board (SIB).

  • International Business Company (IBC): zero tax on foreign income; registration 1–3 weeks; annual fee ~$300
  • IBC benefits: no local audit requirements, strong privacy protections, no capital gains tax
  • Local company: requires business licence from SIB; some sectors restricted for foreign ownership
  • Tourism businesses: permits available but competitive; boutique guesthouses and dive operations are popular
  • Company formation agents: multiple established firms in Victoria handle IBC and local company setup
  • Banking for IBCs: Seychelles banks increasingly require substance (local office, staff) for account opening
  • Recent regulatory changes (2025): enhanced disclosure and compliance requirements for IBCs

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