Citizenship and Residency by Investment

Citizenship and Permanent Residence by Investment

The Seychelles Investment Act, 2010 defines an “investment” as any contribution made by a person to start or expand any economic activity.  With a substantial investment made in Seychelles, investors may be granted different Permits allowing them, their spouse and children to live and work in Seychelles. The type of Permit will depend on the investment value and length of intended stay in Seychelles.

For either a Citizenship or Permanent Residence by Investment Permit, an application must be made to the Department of Immigration and Civil Status. Each Permit has specific requirements and all supporting documents must be submitted along with the application. Spouse and children may join with a Dependent Permit, or a Student Permit

Permanent Residence by Investment

Under the Immigration Decree (Amendment) Act, 2013, an investor can become a Permanent Resident of Seychelles by applying for and being granted a Permanent Residence Permit that allows the investor to remain in Seychelles indefinitely. To be eligible for this Permit, the investor must have invested USD 1 million or more in a business in Seychelles.

 

Cost

Processing Fee: SCR 1,000
Application Fee: SCR150,000

Stay

Permanent

Processing Time

Maximum 3 months

The investor must have:

  • At least 5 years of business association or affiliation as a result of his/her direct investment.
  • Not been absent from Seychelles for a continuous period of one year or more, without consent from the Minister of Internal Affairs.
  • Not been sentenced with imprisonment of more than 1 year under any laws of Seychelles.

Citizenship by Investment

According to the Citizenship (Amendment) Act, 2013, an investor who has invested USD 1 million in a business in Seychelles and has been supporting him/herself during 11 years, may apply for a Citizenship of Seychelles. Before being granted a Citizenship, the applicant must submit proof of investment towards starting or expanding a business along with other requirements. Personal assets will not be considered.

Cost

Processing Fee: SCR 1,000
Application Fee: SCR 350,000

Stay

Permanent

Processing Time

Maximum 6 months

The investor must have:

  • Resided in Seychelles for an aggregate period of 11 years as a legal resident.
  • Not been absent from Seychelles for a continuous period of one year or more, without consent from the Minister of Internal Affairs.
  • Not been sentenced with an imprisonment of more than 1 year under any laws of Seychelles.

Dependent Permit

An investor who has been granted a Permanent Residence Permit or Citizenship and wishes to be accompanied by spouse and children will need to apply for a Dependent’s Permit. This Permit will allow spouse and children who are not of school age (0 to 3 years) to live in Seychelles.

Cost

Processing Fee: SCR 1,000
Annual Fee: SCR 1,000

Stay

Temporary

Processing Time

Two weeks

Applicants must submit:

  • A copy of child’s (0 to 3 years) Birth Certificate and translation where necessary.
  • Documentary proof of means to support the Dependent(s) (e.g. Pay Slip, savings etc.).
  • A copy of the Marriage Certificate.

Student Permit

An investor who has been granted a Permanent Residence Permit or Citizenship and wishes to be accompanied by children who are of school age (4 to 18 years), will need to apply for a Student Permit to follow a course in an approved educational institution in Seychelles. This Permit will be valid for as long as the child is attending his/her course of study. Students are not permitted to work under this Permit. Once the Permit holder completes his/her studies, he/she must apply for a Gainful Occupational Permit (GOP), in order to be employed and continue living in Seychelles.

Cost

Processing Fee: SCR 1,000
Annual Fee: SCR 1,500

Stay

Temporary

Processing Time

Two weeks

Applicant must submit:

  • A copy of child’s (4 to 18 years) Birth Certificate and translation were necessary.
  • Documentary proof of acceptance from the educational institution the child is enrolled in.
  • Documentary evidence of financial means to support the child for the duration of the course of study.

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