Seychelles

Ease of Doing Business in

Seychelles

This page shows summary Doing Business 2012 data for Seychelles. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region Sub-Saharan Africa
Income Category Upper middle income
Population 89,000
GNI Per Capita (US$) 9,490.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
103 109 down 6
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 113 109 up -4
Dealing with Construction Permits 54 55 up 1
Getting Electricity 149 151 up 2
Registering Property 63 58 up -5
Getting Credit 166 152 up -14
Protecting Investors 65 60 up -5
Paying Taxes 16 55 up 39
Trading Across Borders 33 33 No change
Enforcing Contracts 84 67 up -17
Resolving Insolvency 183 183 No change

Economy Profile

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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 2012 Rank 113 DB 2011 Rank 109 Change in Rank down-4
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)
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.

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Time (days)
39 37 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.

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Cost (% of income per capita)
16.0 81.2 4.7

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.

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Paid-in Min. Capital (% of income per capita)
0.0 129.8 14.1
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 SCR 5000 to SCR 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 7-10 days no charge
6 File particulars of the directors and company, and the registered office 7 days SCR 50 per document
7 Obtain business license 7 to 21 days SCR 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

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