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...
Read MoreSeychelles 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.
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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, Globalization Partners 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.
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.
Your company has four different Seychelles payroll options to choose from:
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. Globalization Partners 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 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.
If you’re ready to open a new company location in Seychelles, Globalization Partners can help with the process. Contact us today to learn more about Seychelles payroll outsourcing.
If you’re ready to grow your business, or you have questions about a specific country, complete the form. One of our experts will be in touch shortly.
