The Seychelles Investment Board (SIB) is committed to providing professional guidance to our investors to support ongoing projects. Get the latest information, how to access SIB services, advice on COVID-19 and government responses.
The Financial Services Authority (“FSA”) is firmly committed to support different licensees, market participants and sectors under its purview during this turbulent period. The Authority remains vigilant and is implementing precautionary measures to ensure that consumers are protected. As part of its business contingency protocols FSA continues to monitor the COVID-19 outbreak and its effects and is engaging with licensees, market participants and other stakeholders through the use of technology. For more information visit: https://www.fsaseychelles.sc/category/regulatory/
The Department of Health is working tirelessly to ensure the health and safety of the community. Multiple health measures have been put in place as a response to the COVID-19 outbreak and to stop the spread of the virus.
For health tips and reliable sources for updates, investors are invited to visit http://www.health.gov.sc/
The Department of Employment introduces a new special leave regulation effective 30th March 2020. The Employment (Coronavirus Emergency Leave) Regulation 2020 will permit parents (who meet the requirements of the regulation) with children under the age of 15 who attend a relevant educational institutions to apply for special leave. To ensure job retention, the government is providing financial assistance to businesses being affected by the pandemic.
Find out more http://www.employment.gov.sc/media-centre/covid-19
If the situation remains under control, as of 1st June 2020 the Seychelles International Airport will reopen for commercial flights and travel restrictions will be lifted. In order to meet the needs of local travellers domestic flights between Mahe and Praslin are still in operation with a revised schedule. All travel must be in line with the guidance from the Department of Health. For more up-to-date information on travel advice visit:
With the effects that COVID-19 has had on businesses the Seychelles Revenue Commission has adopted certain measures. To find out more about the measures visit https://www.src.gov.sc/pages/news/2020/SRCMeasuresCOVID19_V2.pdf
Tourism largely dominates the Seychelles economy and the COVID-19 crisis has impacted most businesses and individuals directly or indirectly. The severity of the financial impact may vary according to each sector’s dependency on the tourism business with airlines and the hotel industries hit the hardest and all the tourism-dependent activities to varying extents. Beyond reduced demand for supplies/services by hotel establishments, lockdowns and travel restrictions may also be adding financial stress to other types of businesses such as fisheries. The level of unavoidable fixed costs and financial commitments of the impacted business or individual and the level of their liquid assets/cash reserves can determine their resilience in absorbing the shock to their cash inflows.
The Seychelles Bankers Association (SBA) provide an FAQ on banking-related questions that you may have in this period. View it here.
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