COVID-19 Response Plan

Message from the Chief Executive Officer

Dear Investors,

The COVID-19 pandemic has presented us with unprecedented challenges, not only to human health, but to businesses and the economy. We all have had to adjust to new realities and constraints on how to remain safe whilst maintaining operations. Our ability to adapt and meet these challenges will determine the outlook. SIB remains engaged in innovative ways to work with you and support you, by providing insights, options and solutions, today and into the future. As global trends forecasts a reduction in investments, we must focus on value proposition so that Seychelles comes out at the other end stronger. Let us be united and transform cooperation to lasting and meaningful partnerships as we move forward during these trying times.

Cindy Vidot

Support for your Business

Business Guidance

How is SIB supporting you and your project during this period?

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Business Continuity

Is your business facing continuity issues? Learn valuable tips on how to manage risks and ensure your business remains afloat.

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Financial Assistance

What Government measures are in place to support your business financially?

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Latest News

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:

http://www.health.gov.sc/

https://www.airseychelles.com/en/about-us/news

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

Hand Washing Procedures

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Hand Sanitising Procedures

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Prevent the spread of COVID-19 in the workplace

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