Who Owns Whom

Seychelles

Country Code: 690

ISO2 Code: SC

ISO3 Code: SYC

Country Economic Snapshot

2018-02-19

The Republic of Seychelles is an archipelago comprising 115 islands located to the northeast of Madagascar in the Indian Ocean. It is the smallest country in the African Union but has the highest GDP per capita in Africa and one of the highest rates of adult literacy on the continent. Although the Seychelles has now gained developed country status and no longer qualifies for trade benefits under the US African Growth and Opportunities Act (AGOA), at least one-third of the population lives below the poverty line.

The efficient use of limited land, youth unemployment and the acceleration of urbanisation are viewed as the biggest risks facing the economy. Expanding the relative size of the private sector is also important, not only to improve economic and industrial diversification, but also to improve income inequality and transform a workforce which is currently predominantly employed by the state in low-skilled positions. Over the last decade, growth has primarily been a result of the expansion of the tourism sector, which employs about 30% of the labour force and provides more than 70% of hard currency earnings. Policy reform to promote fishing, agro-processing and import-substituting industries is also expected to lead the direction of growth in the years to come.

Info

Capital Victoria
Currency (Name, Abbreviation, Symbol) Seychellois rupee , SCR , SR
Area 455 sq km
Type of Government presidential republic
Languages Creole 91.8%, English (official) 4.9%, other 3.1%, unspecified 0.2% (2002 census)
Natural Resources fish, copra, cinnamon trees
Type of Industry fishing, tourism, processing of coconuts and vanilla, coir (coconut fiber) rope, boat building, printing, furniture; beverages
Stock Exchange Seychelles Stock Exchange
Stock Exchange Location Victoria
Stock Exchange Founded 2012
Tax Rate: Corporate 33%
Tax Rate: Individual 15%
Natural Resources fish, copra, cinnamon trees

Latest available information as sourced from:

African Markets

Trading Economics

Economy Watch

The World Fact Book

KPMG Tax Tables

Company Profile

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Sector Research

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Sector Research

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Bodco Ltd MERJ Exchange Ltd 2014-04-10 BOD Seychelles Active Campo de Borja Ltd MERJ Exchange Ltd 2017-06-21 CDBL Seychelles Active Cantabria Ltd MERJ Exchange Ltd CANL Seychelles Active Cedarwood International Investments Ltd MERJ Exchange Ltd 2016-10-05 CIIL Seychelles Active Finance Strategique Luxembourg SA MERJ Exchange Ltd 2014-03-27 FSL Seychelles Active Jumilla Ltd MERJ Exchange Ltd 2017-06-22 JUML Seychelles Active La Mancha Ltd MERJ Exchange Ltd LAML Seychelles Active Orbvest Ltd MERJ Exchange Ltd 2018-07-31 ORB Seychelles Active Otazu Ltd MERJ Exchange Ltd 2017-06-22 OTAL Seychelles Active Ribera del Duero Ltd MERJ Exchange Ltd RDDL Seychelles Active SACOS Insurance Group Ltd MERJ Exchange Ltd 2013-08-08 SAC Seychelles Active Sea Harvest Investment PLC MERJ Exchange Ltd 2014-10-09 SHI Seychelles Active Seychelles Breweries Ltd MERJ Exchange Ltd 2016-06-30 SBL Seychelles Active Solid Oak Insurance PCC Ltd MERJ Exchange Ltd 2020-12-14 SOL Seychelles Active Somontano Ltd MERJ Exchange Ltd 2017-06-22 SOML Seychelles Active Southchester (RF) Ltd MERJ Exchange Ltd 2016-02-25 SCRF Seychelles Active Valdepusa Ltd MERJ Exchange Ltd 2017-06-22 VALL Seychelles Active WM Aus Res 1 Ltd MERJ Exchange Ltd WMAUR1 Seychelles Active WM Cypress Ridge Ltd MERJ Exchange Ltd WMCR01 Seychelles Active

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