trade portal
Eden Island, Seychelles
Seychelles Airport
Victoria, Mahe
Victoria-industry-harbor
IMG-20220607-WA0019
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Edin Irland
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Market
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2023 World Intellectual Property Organization (WIPO) Global Awards

January 18, 2023

2023 World Intellectual Property

2023 World Intellectual Property Organization (WIPO) .......

Procedure for Importing of Vessel

January 17, 2023

Procedure for Importing of Vessel

Procedure for Importing of .......

Procedure For Importing of Cellulose Fibre-Cement or Similar Items (Other Sheets, Panels, Tiles and Similar Articles not containing Asbestos)

January 17, 2023

Procedure For Importing of Cellulose

Procedure For Importing of Cellulose Fibre-Cement or Similar Items (Other Sheets, Panels, Tiles and Similar Articles not containing .......

The WIPO Academy Portfolio of Education, Training and Skills Development Programs 2023

January 13, 2023

The WIPO Academy Portfolio of Education,

The WIPO Academy Portfolio of Education, Training and Skills Development .......

Intellectual Property (IP) Registration in Seychelles

December 21, 2022

Intellectual Property (IP) Registration

Have you had a new idea, composed a new song, written a book or designed a trademark for your business?As 2022 comes to a close, hurry and go register so that your intellectual property right can be protected before it is used by another individual.Visit.......

‎Seychelles at a Glance

Seychelles has a mixed, developing economy that is heavily dependent on tourism and ‎fisheries. Growth has been led by the tourism sector and by tuna fishing. The tourism ‎industry directly employs about 30% of the labour force and directly and indirectly accounts ‎for over 70% of the GDP.

Type of Economy Open Economy
Inflation (yearly average) 9.96% (2021)‎
National Currency Seychelles Rupees (SCR)‎
Labour Force (December 2021)‎ ‎66.7%‎‎
Unemployment (December 2021)‎‎ ‎3.3%‎‎
Exchange Rate (Jan 2022) Central bank of ‎Seychelles Website‎
  • US$ 1= SCR 14.72‎
  • € 1= SCR 16.92
  • ‎£ 1= SCR 20.06‎
Agricultural products‎ ‎Sweet potatoes,‎Cinnamon, cassava, and ‎Banana
Industries‎ ‎Tourism, Fisheries, Manufacturing, ‎Financial and Agriculture‎‎
Industrial production growth rate‎ ‎Due to COVID 19 in 2021 it decreases ‎‎15.20% in 2021.However prior to COVID, ‎it was 3.2%‎‎‎
Commercial bank prime lending rate ‎Average 8.5%‎
Business Hours‎ ‎‎08.00Hrs-16.00hrs‎

Internet penetration rate (% Population)‎ 72.1%
Internet subscriptions 31-Dec-2020‎ 119,010
Internet Users 31-DEC-20‎ ‎71,300‎‎
Internet Growth % 2000 – 2020‎ ‎‎1,088 %‎
Facebook subscribers 31-DEC-2020‎ ‎‎71,300‎‎‎

Seychelles has yet to establish a holistic strategy for tapping into the full benefits of the ‎digital economy. Given the many benefits as well as drawbacks, efforts are being made to ‎establish national positions. The use of existing consultations platforms such as the National ‎Committee on Domestic Regulations for Trade in Service has begun working on establishing ‎a national strategy to fully tap into the benefits of the digital economy.‎

‎Future Plan for E-Commerce

A future with e-commerce is a future paved towards growth. There exists great potential to ‎promote greater international trade and contribute to the country’s international ‎development by improving access to markets and communities that would be otherwise ‎inaccessible. ‎ As such, plans for the future are to:‎

  • First and foremost improve the structure of e-commerce by reviewing and modernizing laws ‎and regulations governing e-commerce as well as protecting consumers.
  • Moreover, conduct assessments to obtain a deeper view of the status of E-commerce in the ‎country.
  • and finally, formulate and introduce an action plan to guide the country’s efforts on this ‎area.