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Population
The Seychelles has approximately 100,000 inhabitants (as of 2023). The population is ethnically diverse, primarily of mixed African, Asian, and European descent. Most people live on the main islands of Mahé, Praslin, and La Digue.
Capital
The capital of the Seychelles is Victoria, located on Mahé Island. Victoria is the economic, cultural, and political center of the Seychelles and one of the smallest capitals in the world.
Economic Power
The economy of the Seychelles is mainly based on tourism, fishing, and offshore financial services. Tourism is the most significant economic sector and the primary source of foreign exchange for the country. Despite being one of the wealthier countries in Africa, the Seychelles’ dependence on tourism makes its economy vulnerable to global economic fluctuations.
Culture
The culture of the Seychelles is strongly influenced by African, French, Indian, and British elements. This blend is reflected in the language (Creole, English, and French are official languages), music, dance, and cuisine. The Seychellois celebrate a variety of traditional and religious festivals, often accompanied by music, dance, and culinary delights.
Currency
The official currency of the Seychelles is the Seychellois Rupee (SCR).
Health Insurance and Social Security System
The social security system in the Seychelles covers health insurance, pensions, work accidents, and maternity insurance. Healthcare is mostly state-provided and free for citizens. The government funds hospitals and health centers, offering a wide range of medical services. Private health insurance is also available for additional or specialized services.
Costs for Employers
Employers in the Seychelles must contribute to social security, with contributions amounting to about 20% of gross salary (15% from the employer and 5% from the employee). These contributions fund pensions, sick leave, maternity, and work accident insurance.
Salaries and Bonuses
Salaries in the Seychelles vary significantly depending on the profession and industry. The tourism sector often offers the best earnings. While bonuses are not legally required, they are paid as performance incentives in many companies.
Payroll
Payroll must account for legal deductions for taxes and social security contributions. Employers are responsible for calculating and submitting the correct contributions.
Public Holidays
Public holidays in the Seychelles include New Year’s Day (January 1 and 2), Labor Day (May 1), National Day (June 18), Independence Day (June 29), Assumption Day (August 15), All Saints’ Day (November 1), Christmas (December 25), and various religious holidays.
Working Hours
Regular working hours in the Seychelles are 35 to 40 hours per week, depending on the industry. Overtime is legally regulated and must be compensated accordingly.
Vacation
Employees are entitled to at least 21 paid vacation days per year. This entitlement may vary based on company policies and length of service. There are also paid public holidays.
Incapacity for Work
In cases of incapacity due to illness, employees are entitled to paid sick leave. The duration and amount of pay depend on the length of employment and company policies. Social security covers sick pay in certain cases.
Termination/Severance Pay
Employment law in the Seychelles requires terminations to be properly justified and to include a reasonable notice period.