Hire your remote team in Seychelles

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Hiring a remote team in a country as Seychelles comes with a lot of overhead, such as compliance, local laws, taxes, etc. As a company, you don't want to worry about knowing all the local laws. Instead you want to focus on your remote team and the business. Rivermate's Employer of Record (EOR)Ā solution helps companies hire remote employees in Seychelles. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

A remote team

1. Hire a remote team in Seychelles with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in Seychelles, particularly if you don't have established local relationships. You can hire employees in Seychelles effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global Employer of Record (EOR) solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

2. Introduction

Rivermate is a global employment solutions company that provides Employer of Record services in Seychelles.

As an employer of record, we help you hire employees and run payroll services in Seychelles, allowing you to avoid the necessity of first establishing a branch office or subsidiary in Seychelles.

It is not necessary to establish an entity in order to hire an employee. We can hire your employee in any country with a few mouse clicks. Using our Employer of Record solution, you can have full compliance, benefits, and automated payments.

If you wish to hire a remote team in Seychelles or individually hire remote employees in Seychelles, Rivermateā€™s global employer of record services will make sure that the process will be as seamless as possible for you.

Send us a message so we can talk about how Rivermateā€™s Employer of Record Seychelles services can best help your company!

3. Hire a remote team in Seychelles

Seychelles is a lovely group of islands in the Indian Ocean. Seychelles has received a lot of investment and attention for its upcoming economy over the years. It is divided into two sections: outer (Mahe, Praslin, La Digue, Silhouette Island, and Inner Corallines) and inner (Mahe, Praslin, Silhouette Island, and Inner Corallines). Tourism and fishing are two of the most important sectors of this prosperous economy.

With global technological advancements, Seychelles has made significant advancements to keep up with the rest of the world. Fiber optic cables have been installed along the East African coast to provide everyone in Seychelles with a fast internet connection and efficient communication.

The Double Taxation Avoidance Treaty established with countries such as China, South Africa, the UAE, and Oman is one of the most appealing aspects of its economy. Seychelles has a large pool of employable talent.

4. Cost of living in Seychelles

The Seychelles' cost of living is $1387, which is 1.49 times higher than the global average. The Seychelles ranked 28th out of 197 countries in terms of cost of living and 64th in terms of quality of life.

In the Seychelles, the average after-tax salary is $579, which is enough to cover living expenses for 0.4 months.

5. Cost of renting in Seychelles

In comparison to major cities such as Paris, Sydney, and Frankfurt, the cost of living in Victoria, Seychelles is significantly lower.

The average budget for top regions in Seychelles is,

- 23,512.30 SCR/month for two (excluding rent) (USD 1581.25) in Victoria

- 10,902.42 SCR/month for two (excluding rent) (USD 733.21) in Beau Vallon

- 17,734.04 SCR/Month for two (excluding rent) (USD 1192.65) in Mahe

6. Major industries in Seychelles

Financial Services

The government has implemented critical policies that will assist the country in meeting its financial objectives. There are numerous opportunities for local and global investors with partnerships between the public and private sectors.

The Seychelles Financial Services Authority is the regulatory authority for non-banking financial services; this institution is critical for the overall supervision and licensing of non-banking services in Seychelles. With the establishment of the Financial Services Authority, Seychelles has become one of the world's fastest international business company (IBC) registrars.

Offshore financial services are closely monitored under the supervision and cooperation of the Seychelles International Business Authority in order to maintain certain professional standards for obtaining tax benefits.

With the latest trends revolving around cryptocurrency, Seychelles has incorporated plans to incorporate cutting-edge technology to capitalize on these opportunities, generating even more interest from investors.

Top Skills Required For Financial Services:

- Market awareness

- Analytical skills

- Communication skills

- Customer service

Tourism

Seychelles has used its 115 islands to promote and build its tourism sector, allowing it to stand out from the rest of the world. Seychelles' Ministry of Tourism hopes to break its previous record of 384,201 visitors in 2019 by preparing to welcome 405,000 visitors by 2021. Despite the fact that the pandemic has delayed these plans, the tourism industry continues to grow due to the economic promises made by appealing business models.

To combat COVID-19, the Seychelles Department of Tourism has worked closely with the Public Health Authority to organize seminars and sessions to train their employees on health regulations. These initiatives have provided basic information to both global and local businesses, making Seychelles a more secure tourist destination. Hotel chains such as Hilton, Kempinski, and Four Seasons have recognized the country's potential. Furthermore, with more global investors planning to capitalize on the tourism sector in Seychelles, growth opportunities have multiplied exponentially.

Top Skills Required in the Tourism Sector:

- Teamwork

- Time management

- Innovation

- Problem-solving

Information Communication Technology

Seychelles has quickly adapted to technological advancements occurring around the world, as evidenced by its investments in IT deployment. It has remained resilient in order to stand out among its neighbors, and it now has the third-highest mobile phone penetration rate in Africa.

This industry is expanding, with new opportunities emerging in cybersecurity, data centers, wireless technology, and multimedia development. To capitalize on this sector, Seychelles has adopted modern global practices, with customer development as its driving force.

The Department of Information and Communication Technology has developed significant plans to improve the implementation of cutting-edge technologies in all industries. The Central Bank of Seychelles and the Department of Finance are two of the major collaborative stakeholders working to make technology, both hardware and software, accessible to a broad range of people.

Top Skills Required in the ICT Industry:

- Cloud computing

- Data analytics

- Data science

- Programming

Blue Economy

One of the most important lessons taught by the ongoing pandemic is the value of nature and its elements. Because Seychelles is a cultural and tourist destination, it has always been responsible for protecting and preserving its environment.

Seychelles' measures have been well integrated with technology in order to use surrounding elements and provide sustainability in the near future. The Blue Economy Department was established with these objectives in mind.

The economic vulnerability of the marine sectors has played a significant role in driving this industry toward sustainability and higher GDP. Seychelles is working to combat climate change, and it has welcomed innovative solutions to find sustainable models to bring about a shift, while also providing high-value jobs and investment opportunities.

Seychelles intends to explore natural resources such as oil, aquaculture, and eco-tourism through the Blue Economy sector.

Key Opportunities:

- Biotechnology research

- Port services

- Maritime legal services

- Renewable energy development

7. Hiring cost in Seychelles

Information on the hiring cost in Seychelles is currently unavailable.

8. Employment laws Seychelles

The Employment Act is the primary piece of legislation that governs both employers and employees. Except for a contract for casual work, a written contract is legally required. Employee compensation, benefits, and termination are all critical considerations.

The Employment Act is particularly clear on employee protection; however, if the employee has been negligent or dishonest, the employer is well within their rights to deduct wages. According to the Employment Act, employees are also entitled to employee benefits until their lawful termination.

Furthermore, under the Employment Act, employers are prohibited from harassing their employees. Employers are not permitted to discriminate against employees based on their age, gender, race, color, nationality, or religion.

An employee may terminate their contract by serving notice.

- Casual worker: One-day notice

- Casual worker on probation: Seven-day notice

- A worker except for a non-Seychellois worker: One-month notice

Although Seychelles labor legislation is simpler than in other countries, dealing with international legalities and taxation requires expertise.

9. Top skills Seychelles

Seychelles is ranked first in Africa on the 2019 Human Development Index and third on the Mo Ibrahim Index of African Governance.

The capital of Seychelles is Victoria, which is located on the island of Mahe. Victoria's main industry is fishing, with a focus on tuna fishing and canning. Victoria's many attractions include botanical gardens, towers, and bustling markets. The following are the top job roles in Victoria across various industries:

- Sales Executive,

- Director of Sales and Marketing, and

- Training Manager.

The majority of Seychelles' tourist infrastructure is centered in Beau Vallon. The Beau Vallon beach is one of the most popular beaches on the island, attracting visitors all year. The tourism industry is vital to this region, with activities such as snorkeling and diving. There are numerous opportunities available in the hotel management and bioeconomy sectors.

10. Economic landscape in Seychelles

Seychelles has quickly attracted a large number of investors and businesses due to its appealing business model that promotes fairness and transparency. It has the second-highest GDP per capita in Africa, making it a worthy competitor against other countries, particularly given the challenges posed by the COVID-19 pandemic. Fisheries, agriculture, and information technology (IT) are just a few of the upcoming industries in Seychelles that promise to create a lot of jobs.

11. Market size in Seychelles

Seychelles is a developing but wealthy country. It is ranked 62nd on the Human Development Index (2018), and its unemployment rate (3.7% in 2017) is steadily declining. It exports a significant amount of fishery and petroleum products to countries such as the United Arab Emirates, France, the United Kingdom, Germany, and Italy. Two-thirds of its workforce works in the public sector.

The internet is used by approximately 58.77% of the Seychelles' population. Internet access is available in many bars, restaurants, hotels, and cafes. The average internet connection speed is 3195.70 Kbps. Intelvision, Kokonet, and Atlas are the major internet service providers.

12. Minimum wage in Seychelles

The minimum wage in Seychelles varies based on the kind of employment. Casual employees are paid SR 30.78 per hour, while all other employees shall be paid at least SR 26.70 per hour.

13.Why choose Rivermate to hire your remote team in Seychelles?

Establishing an entity in Seychelles to hire a team takes time, money, and effort. The labor law in Seychelles has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into Seychelles simple and effortless. We can assist you with hiring your preferred talent, managing HR and payroll, and ensuring compliance with local legislation without the hassle of establishing a foreign branch office or subsidiary. Our PEO and Global Employer of Record (EOR) solutions in Seychelles give you peace of mind so you can focus on running your business. Please contact us if you'd like to learn more about how Rivermate can help you hire employees in Seychelles via our Employer of Record (EOR) / PEO solution.

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