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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.
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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/
Following the economic impacts of COVID- 19, the Government has introduced several employment programmes to assist people with training and placement in different organisations.
- The Seychelles Employee Transition Scheme (Sets) provides registered employees from approved redundancies with retraining, up-skilling, and temporary work placement services, supporting re-entry into the labour market as job openings become available whilst providing financial support.
- The Skills Development Programme places young people who have not completed secondary, not secured placement at any professional centres nor completed a training course in different workplaces, where they receive on-the-job training based on their interest and available work opportunities.
- My First Job Scheme provides internship opportunities to graduates from professional centres and universities who are facing difficulties to secure permanent employment.
- The Unemployment Relief Scheme (URS) facilitates employment for the most vulnerable groups of society, to improve their quality of life by assisting them with securing permanent employment.
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
Seychelles has re-opened its borders to commercial flights from low and medium risk countries as of 1st August 2020. Air Seychelles has resumed its domestic flight operations with a limited flight 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.
Prevent the Spread of COVID-19
