The SI 71 Seychelles Investment (Economic Activities) Regulations, 2014  stipulates the economic activities that are reserved for Seychellois and those allowable for foreign participation subject to certain conditions. If an activity does not appear on the list it will be considered by government.

The SI-71 is divided into three main schedules.

  • Schedule one includes all the business activities reserved for Seychellois.
  • Schedule two includes activities which a foreigner may be allowed to invest to the extent of the financial limit specified under column (2) of that schedule.
  • Schedule three includes activities that a foreigner may be allowed to invest in subject to an Economic Needs Test (ENT). 

The Government maintains that certain economic activities are doable and affordable to the Seychellois investors and such activities shall remain reserved for them. The Reserved Economic Activities Policy, April 2020 is to be used alongside the Schedules of S.I. 71 when considering applications by non-Seychellois to invest in economic activities in Seychelles.

Any application for investment in an economic activity not listed in the Reserved Economic Activities Policy 2020 or in the Schedules of the S.I. 71 2014 shall be subject to an Economic Needs Test (ENT). The ENT will evaluate the economic, social and technological benefits of the economic activity and determine whether there is a gap that can be filled by allowing non-Seychellois participation.

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Temporary Closure Advisory

Following the latest public health advisory, the SIB office will remain closed to the public until 15th February 2021.
 
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