Seychelles

Ease of Doing Business in

Seychelles

This page summarizes Doing Business 2015 data for Seychelles. The first section presents the Ease of Doing Business rank (out of 189 economies) and the distance to frontier (DTF)** measure, overall and by topic. The second section summarizes the key indicators for each topic benchmarked against regional averages.

Economy Overview

 
Region Sub-Saharan Africa
Income Category Upper middle income
Population 89,173
GNI Per Capita (US$) 12,530
City covered Victoria
Doing Business 2015 Rank Doing Business 2014 Rank*** Change in Rank
85 87 down 2

Doing Business 2015 DTF** (% points) Doing Business 2014 DTF** (% points) Change in DTF** (% points)
63.16 62.05 down 1.11
Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2015 Rank 127 DB 2014 Rank*** 119 Change in Rank down-8
DB 2015 DTF** (% points) 77.48 DB 2014 DTF** (% points) 77.43 Change in DTF** (% points) up0.05

Information on new business density and number of newly created firms with limited liability can be found at Entrepreneurship Database.

Indicator Seychelles Sub-Saharan Africa OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
9.0 7.8 4.8

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
38.0 27.3 9.2

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
10.7 56.2 3.4

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology
Paid-in min. capital (% of income per capita)
0.0 95.6 8.8
No. Procedure Time to Complete Associated Costs
1 Verify the uniqueness of the proposed company name 1 day on average no charge
2 Notarize signatures of the Memorandum of Association 1 day SR 3000
3 Deposit documents at the Companies Division of the Registrar General for stamp duty assessment 4 days on average see comments
4 Pay stamp duties at the Registry 1 day included in procedure 2
5 Obtain registration certificate 8 days on average no charge
6 File the particulars of the directors, company secretary, and the registered office 7 days on average SR 50 per document
7 Obtain business license 14 days on average SR 1,000 (for retail)
8 Register for taxes at the Revenue Commission 1 day no charge
9 Register as an employer with the Pension Fund 1 day no charge

**The distance to frontier score shows how far on average an economy is at a point in time from the best performance achieved by any economy on each Doing Business indicator since 2005 or the third year in which data for the indicator were collected. The measure is normalized to range between 0 and 100, with 100 representing the frontier. Read more...

***Last year's rankings are adjusted. They are based on 10 topics and reflect data corrections.

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