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Payroll in ScSeychelles.

Population

100,060

Languages

1.

English

2.

French

3.

Seychellois Creole

Country Capital

Victoria

Currency

Seychellois rupee (SCR)

Seychelles is an archipelago of 115 islands in the Indian Ocean off the east coast of Africa. While many of the islands are designated as nature preserves, the country still boasts a population of close to 100,000. If you’re looking for a more remote location for your expansion, Seychelles is a beautiful country and can help you form ties to other African countries.

One of the first steps of your expansion will be setting up your Seychelles payroll. You should consider your different Seychelles payroll options and learn the country’s employment laws to ensure total compliance. Fortunately, G-P can help make your payroll process a little easier. We’ll use our Employer of Record solution to hire employees on your behalf, add them to our payroll, and take on all matters of compliance.

Taxation Rules in Seychelles

Both employers and employees have to pay taxes in Seychelles. Two of the most important funds are the pension fund and social security. Employers and employees each contribute 2% of wages to the pension fund. Employers must contribute 20% of salaries to social security while employees give 2.5% of their own salary.

Seychelles Payroll Options for Companies

Your company has four different Seychelles payroll options to choose from:

  • Remote: If your parent company already runs its own payroll, you can choose to add your employees to that payroll and pay them remotely. However, they’ll have separate regulations and laws compared to your parent company’s employees.
  • Internal: Larger companies ready to operate in Seychelles for a long time can consider instituting an internal payroll. Just keep in mind that with this option, you’ll need more HR staff members and a bigger budget.
  • Seychelles payroll processing company: Many companies choose to outsource their payroll to make the process easier. You can work with a Seychelles payroll processing company, but you’ll still be held compliant.
  • G-P: G-P is the only Seychelles payroll outsourcing option that will deal with both your payroll and compliance. You can trust us to take the stress of compliance off your shoulders and onto our own.

How to Set Up a Payroll in Seychelles

Before you can set up your Seychelles payroll, you have to incorporate in the country if you’re choosing the traditional model of expansion. It may take weeks or even months before you’re ready to handle your payroll and hire employees. G-P can help cut this time down to a few days. As a global PEO, we can use our existing subsidiary to help you start working fast without the worry of compliance.

Entitlement/Termination Terms

Entitlement and termination terms vary by country, and you should outline these terms in your employment contracts before choosing a Seychelles payroll option. Employers must give employees notice of termination for just case with the amount of time depending on the type of worker. Employees should get severance pay depending on the method of termination.

Payroll Processing Company in Seychelles

If you’re ready to open a new company location in Seychelles, G-P can help with the process. Contact us today to learn more about Seychelles payroll outsourcing.

Disclaimer

THIS CONTENT IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE LEGAL OR TAX ADVICE. You should always consult with and rely on your own legal and/or tax advisor(s). G-P does not provide legal or tax advice. The information is general and not tailored to a specific company or workforce and does not reflect G-P’s product delivery in any given jurisdiction. G-P makes no representations or warranties concerning the accuracy, completeness, or timeliness of this information and shall have no liability arising out of or in connection with it, including any loss caused by use of, or reliance on, the information.

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