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
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:
- Time management
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
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.
- Biotechnology research
- Port services
- Maritime legal services
- Renewable energy development