Foreign investment is not allowed in agricultural (crop production) activity.
"2. In these regulations, unless the context otherwise requires — 
"Economic Needs Test" means a process by which the Economic Needs Test (ENT) committee carry out an assessment to evaluate applications by nonSeychellois to carry out activities, in which a nonSeychellois may wish to invest, based on a needs test, keeping in view the development of the economic activity in Seychelles, to the extent it may be considered in the interest of the domestic economy and consumers;[...]
"Non-Seychellois" shall have the same meaning assigned to it in the Immovable (Transfer Restriction) Act, 1963 (Cap 95);[...]
"Reserved Economic Activity" means the list of activities prepared as per the Reserved Economic Activity Policy in which any investment may be made only by a Seychellois;
"Seychellois" means —
(a) a person who is a citizen of Seychelles; and
(b) a body of persons whether corporate or unincorporated, which is beneficially owned by and under which the control and management whether actual or ultimate, is vested in persons who are citizens of Seychelles.'
3. Open and restricted economic activities
(1) The economic activities listed in the First Schedule appended to these regulations are the activities in which investment may be made by both a Seychellois and a NonSeychellois.
(2) The economic activities listed under column (1) of the Second Schedule appended to these regulations are the activities in which a Non-Seychellois may invest to the extent of the limit specified in the corresponding entry under column (2) of that Schedule.
(3) Any economic activity not listed in First Schedule and Second Schedule of these regulations, the Reserved Economic Activity Policy or any other investment regulation shall be subjected to the Economic Needs Test.
[...]
FIRST SHEDULE [Regulation 3(1)]
ECONOMIC ACTIVITIES IN WHICH NON-SEYCHELLOIS MAY INVEST
[see list in the linked attachment]

SECOND SCHEDULE [Regulation 3(2)]
ECONOMIC ACTIVITIES IN WHICH NON-SEYCHELLOIS MAY INVEST [subject to a financial limit up to which a nonSeychellois may invest] [...]
[see list in the linked attachment]"(Seychelles Investment (Economic Activities) Regulations, 2020)
--------------
"[...] 2. The Policy
2.1. Government maintains that certain activities that are doable and affordable to the Seychellois investors and businesses shall remain reserved for them.
2.2. This list of activities is as per the Schedule annexed to this policy document and which is mainly derived from Schedule 1 of the current SI 71.
2.3. This policy is to be used alongside the schedules of SI 71 (as revised) when considering applications by non-Seychellois to engage in economic activities in Seychelles.
2.4. Should the said application be for any activity featuring on this reserved list, the application shall immediately be rejected.
2.5. Should the application be for any activity not listed in this policy or in the schedules of the revised SI 71 regulation, it shall be subjected to the Economic Needs Test (ENT).
[...]
Activities Reserved for Seychellois Investors
ECONOMIC ACTIVITIES IN WHICH ONLY SEYCHELLOIS MAY INVEST [...]
Crop Production [...]" (Reserved Economic Activities Policy 2020)
--------------------------
"In exercise of the powers conferred by section 30 of the Seychelles Investment Act, 2010, the Minister of Finance, Trade and Investment hereby makes the following regulations —
1. These regulations may be cited as the Seychelles Investment (Economic Activities) Regulations, 2014.
2. In these regulations, unless the context otherwise requires —
"foreigner" means a person who is not a citizen of Seychelles;
"Seychellois" means a person who is a citizen of Seychelles.
3. (1) The economic activities listed in the First Schedule appended to these regulations are the activities in which any investment may be made by a Seychellois only.
(2) The economic activities listed under column (1) of the Second Schedule appended to these regulations are the activities in which a foreigner may be allowed to invest to the extent of the financial limit specified in the corresponding entry under column (2) of that Schedule.
(3) The economic activities listed in the Third Schedule are the activities in which a foreigner may be allowed to invest, based on the need keeping in view the development of the economic activity in Seychelles, to the extent it may be considered appropriate in the interest of the economic activity.
[...]
FIRST SHEDULE [Regulation 3(1)]
ECONOMIC ACTIVITIES IN WHICH ONLY SEYCHELLOIS MAY INVEST
[see list in the linked attachment]

SECOND SCHEDULE [Regulation 3(2)]
ECONOMIC ACTIVITIES IN WHICH FOREIGNER MAY INVEST
THIRD SCHEDULE [Regulation 3(3)]
Animal or livestock keeping.
Bakery.
Fruit and vegetable farming.
Garage services.
Hairdresser.
Production of input services for agriculture.
Retailing.
Spa and Massages." (Seychelles Investment (Economic Activities) Regulations, 2014)
--------------------------
"Section 2. Interpretation
In this Act— [...]
"investor" —
a. means any person carrying on or who intends to carry on any investment; and
b. includes
i. a person who is not a citizen of Seychelles; or
ii. a body of persons, whether corporate or unincorporate, the control or management of which is vested in persons who are not citizens of Seychelles, and registered as an investor under this Act;
[...]
Section 10. Assistance of the Seychelles Investment Board
1) An investor may request the Seychelles Investment Board for its assistance to obtain the support and cooperation of public sector agencies to facilitate and implement the investments.
2) The provisions of this Act shall apply to all Exclusion of investments made in Seychelles prior to or after the prior claims commencement of this Act, except that the Act shall not apply to a claim arising out of any decision taken by a public sector agency prior to that date.
[...]
Section 14. Establishment of the Seychelles Investment Board
1) There shall be a Seychelles Investment Board.
2) The Seychelles Investment Board shall be a body corporate.
Section 15. Objectives
The objectives of the Seychelles Investment Board shall be—
a. to stimulate the development, expansion and growth of the economy by promoting Seychelles as an international investment, business and service centre;
b. to promote and facilitate the development of investment and business activities;
c. to formulate investment promotion policies, plans and marketing strategies and undertake promotional activities to attract foreign and local investments; and
d. to advise the Government on strategies for investment policies, national investment marketing and investment after care and economic and industrial planning.
Section 16. Functions
1) The functions of the Seychelles Investment Board Functions are to ensure that necessary steps are taken to most effectively—
a. improve investment and business environment and undertake such other activities as may be necessary to promote Seychelles as an attractive base for investments and as an international financial centre;
b. prepare, fund, implement and monitor programmes relating to strategies for promoting investments in Seychelles;
c. conduct research and studies for identifying investment opportunities;
d. maximise opportunities and arrangements for the development of investments and business activities in Seychelles;
e. highlight policy issues and make policy recommendations to the Government on increasing investments and attaining Government's economic objectives;
f. co-ordinate investment-related promotional and marketing activities of Seychelles;
g. provide support services to investors, including assistance to procure a relevant permit for establishing and operating enterprises and leasing or purchasing real estate for their activities;
h. ensure co-ordination and cooperation between the public sector and the private sector on matters relating to investment and policy decisions impacting on investments;
i. provide information to potential investors on matters relating to investments; and
j. carry out periodic surveys to assess the socio¬economic impact of investments and the general investment climate prevailing in Seychelles;
k. act as the Government's representative in coordinating, facilitating and implementing public-private partnership projects;
l. set up such technical committees as it deems fit to assist it in the discharge of its functions under this Act; and
m. do all such other things as are incidental or conducive to the fulfilment of its objectives.
[...]
Section 22. Powers of the Minister
1) The Minister may, in relation to the exercise by the Seychelles Investment Board of any of its powers under this Act, after consultation with the Board of Directors give such directions of a general character to the Seychelles Investment Board as the Minister considers necessary in the public interest, and the Seychelles Investment Board shall comply with those directions.
2) The Seychelles Investment Board shall furnish to the Minister such information with respect to its activities as the Minister may require." (Seychelles Investment Act, 2010)
Seychelles Investment (Economic Activities) Regulations, 2020
Reserved Economic Activities Policy 2020
Seychelles Investment (Economic Activities) Regulations, 2014
Seychelles Investment Act, 2010
[<a href="https://www.gazette.sc/sites/default/files/2020-12/SI%20148%202020%20-%20Seychelles%20Investment%20%28Economic%20Activities%29%20Regulations.pdf">Reg</a>],[<a href="https://investinseychelles.com/component/edocman/reserved-economic-activities-policy,-april-2020/download">Policy</a>],[<a href="https://www.wto.org/english/thewto_e/acc_e/syc_e/wtaccsyc61_leg_4.pdf">Reg</a>],[<a href="https://investmentpolicy.unctad.org/investment-laws/laws/69/seychelles-investment-act">Act</a>]