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 Home : Investing In Seychelles : Starting a New Business : Basic Cost
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The tables below give an indication of the basic cost of operation in
Seychelles. These are subjected to change.
Exchange Rate
Business License
Business Tax
Social Security
Human Resource
Gainful Occupation Permit (GOP)
Utilities
Fuel
Telecommunication
Transportation
Premises
1. Exchange Rate
Please visit the Central Bank of Seychelles (CBS) [www.cbs.sc] for the
latest exchange rate.
2. Business License
| Range from SR 150 to SR 10 050, depending on the nature of the business |
3. Business Tax
For Sole traders and partnerships
| Insurance Threshold (SR) |
Rate (%) |
| NIL - 1000,000 |
0 |
| From 100,0001 to 1m |
18.75 |
| Above 1m |
33% |
For Companies and trusts
| Insurance Threshold (SR) |
Rate (%) |
| First 1m |
25 |
| Above 1m |
33 |
4. Personal Income Tax
| Monthly Emoluments(SR) |
Employee and Employers Contribution (%) |
| FLAT RATE |
18.75% |
5. Human Resource
The minimum salary is SR 2200 for the private sector as well as for the public sector. The following table gives
an indication of the salary scale in the public sector.
| Grade |
Salary Scale (SR) |
| Chief Executive Officer |
5925-6425 plus Allowances |
| Senior Executive Grade I |
5425-5925 plus Allowances |
| Senior Executive Grade II |
5025-5425 plus Allowances |
| Technical Level 1 |
4525-5025 |
| Technical Level 2 |
3625-4125 |
| Administration Supports |
2325-3225 |
6. Gainful Occupation Permit (GOP)
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The work permit fee is SR 700.00 per month per person
plus a processing fee of SR 1,000.00
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7. Utilities
Water
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Commercial Rental charge SR/KL
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Additional Charges
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| Tariff monthly charge cost |
0 – 100 units : SR14 (per unit)
Above 100 units : SR 18 (per unit)
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Environmental Charge - SR 10
Fixed Charge - SR10
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| Tariff – Sewerage |
0 – 100 units : SR8
Above 100 units : SR12
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Electricity
Tariff Monthly Charge cost
(Rate applicable to either single or three phase connection)
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Demand charge SR/KVA
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Energy Charge SR/KWh
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| 0 to 200 KWh |
9.16 |
2.55 |
| 201 to 500 KWh |
15.87 |
2.55 |
| 501 to 1000 KWh |
|
2.75 |
| > 1000 KWh |
|
2.85 |
8. Fuel
| Tariff
|
Charge (SR/Litre)
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| Diesel
|
19.00 |
| Gasoline
|
15.00 |
9. Telecommunication
Fixed Line Telephone and Mobile
Internet
10. Transportation
| Type of Transport |
Cost (SR) |
| Public Bus |
7.00 to any destination |
| Taxi (Mahe) |
23.00 for 1st km and 12.00 for the additional kms |
| Taxi (Praslin and La Digue) |
26.00 for 1st km and 13 for the additional kms |
| Pick up truck |
from 250.00 upwards per trip, depending on cargo and distance |
11. Premises
| Type |
Cost (SR) |
| Single office (15-40) m2 |
2,000 to 3,500 |
| Workshop (40-100) m2 |
4,000 to 5,000 |
| Lease Land for 60 years at Victoria |
SR 400.00 per m2 per year |
| Lease Land for 60 years at Providence Industrial Estate |
SR30.00 to SR50.00 per m2 per year |
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