Seychelles

Ease of Doing Business in

Seychelles

This page summarizes Doing Business 2013 data for Seychelles. The first table lists the overall "Ease of Doing Business" rank (out of 185 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

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Economy Summary
Starting a Business
Dealing with Construction Permits
Getting Electricity
Registering Property
Getting Credit
Protecting Investors
Paying Taxes
Trading Across Borders
Enforcing Contracts
Resolving Insolvency
Region Sub-Saharan Africa
Income Category Upper middle income
Population 86,000
GNI Per Capita (US$) 11,130
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
74 76 down 2

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
62.9 62.8 down 0.1
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 117 114 up -3
Dealing with Construction Permits 57 59 up 2
Getting Electricity 144 140 up -4
Registering Property 66 61 up -5
Getting Credit 167 165 up -2
Protecting Investors 70 66 up -4
Paying Taxes 20 22 up 2
Trading Across Borders 33 34 up 1
Enforcing Contracts 83 81 up -2
Resolving Insolvency 65 68 up 3

Economy Profile

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Starting a Business

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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 2013 Rank 117 DB 2012 Rank 114 Change in Rank down-3
DB 2013 DTF** (% points) 74.2 DB 2012 DTF** (% points) 74.0 Improvement in DTF** (% points) up0.2
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).

View methodology Procedures (number)
10 8 5

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.

View methodology Time (days)
39 34 12

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.

View methodology Cost (% of income per capita)
14.3 67.3 4.5

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)
0.0 116.0 13.3
No. Procedure Time to Complete Associated Costs
1 Verify uniqueness of company name 1-2 days no charge
2 Notarize signatures of the Memorandum and obtain declaration by notary or attorney that company documents comply with the Companies Act. 1 day Between SR 5000 to SR 15000
3 Deposit documents at Companies Division of Registrar General for stamp duty assessment 3-4 days see comments
4 Pay stamp duties at the Registry 1 day included in procedure 2
5 Obtain registration certificate 6-10 days no charge
6 File particulars of the directors and company, and the registered office approximately 7 days SR 50 per document
7 Obtain business license 7 to 21 days SR 1,000 (for retail)
8 Register for taxes at the Revenue Commission 1 day no charge
9 Register as an employer with social security division 1 day no charge
10 Register with Employment Services Bureau 1 day no charge

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the indicators across all economies included in Doing Business since each indicator was included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

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