Purchasing property in Seychelles as a non-Seychellois can be an exciting opportunity, but it requires careful navigation of the legal and financial requirements. This guide outlines the key considerations, including government fees such as the 2025 updated sanction duty. We also provide examples to help you understand the costs involved in acquiring immovable property.

Key Requirements for Foreign Buyers

1. Government Sanction: Non-Seychellois buyers must obtain a government sanction to purchase immovable property. This approval is valid for one year and must be secured before completing the transaction. Kindly note that the requirement of sanction create certain intricacies which Christen Chambers can advise further upon an engagement.

2. Property Restrictions: Non-Seychellois cannot purchase:

• • Freehold state-owned land (except under specific policies like the Villas Policy).

• • Subsidized state land or housing units.

• • Freehold land on outlying islands (only long-term leases are allowed).

3. Minimum Property Values:

• • Bare land: SCR 4,000 per sqm (2,000sqm parcel approximates to US$572,000).

• • Residential properties: SCR 10 million minimum (approximately USD 715,000).

Applicable Fees and Duties
When purchasing certain residential property, foreign buyers are subject to several government fees and for this article the Sanction Duty is shared:

Sanction Duty: 12% of the market value of the property for bare land or residential poroperties. Note that residential in approved developments have obtained special approvals from the government for a reduced duty.

Additional Considerations

• • All applications must be accompanied by supporting documents such as proof of funds and police clearance certificates.

• • Buyers should consult local notaries, such as Christen Chambers, for legal conveyancing practices and to ensure compliance with Seychelles’ laws and regulations.

• • Sanction related costs are non-refundable and must be paid upon receipt of sanction approval. Final governmental costs is paid upon registration of the transfer of land.

Further opportunities exist
Contact us directly for more information regarding other interesting development opportunities and high value private transactions which we would be happy to advise further.

 

Purchasing property in Seychelles offers unique opportunities for foreign investors but comes with specific obligations and costs. By understanding these requirements and planning accordingly, you can ensure a smooth acquisition process while complying with local laws. 

Estimated US$ conversion at 14/1.