Category: Seychelles
-
Changes to the Seychelles IBC Amendment Act – Filing of Register of Members and disclosure of Nominee Shareholding
The Seychelles Financial Services Authority has recently announced policy changes which relate to amendments to the Seychelles International Business Companies Act. Companies must now record and file details of nominee shareholders and their nominators, ensuring compliance with new disclosure requirements. Nominee shareholders are required to submit a written declaration, confirming their nominee status and disclosing…
-
Upcoming Jurisdiction Filing Deadlines
Jurisidiction Filing type Filing deadline Applicable entities Documents required for filing Authority BVI Filing of Register of Members (ROM) 30 June 2025extended to 31 December 2025 BVI companiesNote: mutual funds and listed companies are exempt from this filing 1. Register of Members (ROM)2. KYC of shareholders3. Associated transaction documentation Registry of Corporate Affairs BVI Filing…
-
Reminder: Seychelles accounting records due
Seychelles entities are reminded of the requirement to submit their bi-annual accounting records to their registered agent (by July and January) each year. The official deadline for submitting accounting records for the first half of the year 2025 (January to June) is 31 July 2025. Furthermore, large entities (with an annual turnover of more than SCR 50 million),…
-
Changes to the Seychelles IBC Amendment Act – Company Strike-Off
Overview The Seychelles International Business Companies (Amendment) Act, 2024 (IBC Amendment Act) came into effect on 18 December 2024, introducing significant changes to the striking-off process for Seychelles companies (IBCs). Under the new provisions, IBCs can now be struck-off and dissolved much sooner than before, particularly in cases of non-payment of annual fees. Key Changes to the Striking-Off Process Previously, IBCs that…
-
FAQs: Navigating Year-End Accounting, Audits, and Tax-Filing with Marbury
FAQs: 1. Why is year-end accounting and auditing important for my business? 2. What services does Marbury offer for year-end accounting and auditing? 3. What documents do I need to prepare for my year-end audit? 4. What are the key Inland Revenue Department (IRD) PTR deadlines for 2025? 5. Does my Hong Kong company need…
-
Seychelles Annual Review of Beneficial Ownership Information
—
Further to the regulatory changes implemented through the Beneficial Ownership (Amendment) Regulations 2023 as detailed in our previous update(s), from 1 January 2025 onwards Regulation 13 requires Seychelles entities to verify their Beneficial Ownership information at least once per calendar year to ensure filed records are accurate.
-
Mitigation of Risks of Sanctions and other Violations by Directors, Trustees and Beneficiaries
Scrutiny on offshore transactions and their participants is at an all-time high. Through an ever growing number of regulations and laws, parties to transactions and third party providers from banks to corporate service providers are required to gather and, in some circumstances, share information with governments and regulatory authorities. For the underlying officers and…
-
Economic Substance relating to Seychelles International Business Companies
—
The Seychelles BTAA has updated the Business Tax Act to comply with the European Union’s Economic Substance requirements. Previously, Seychelles operated under a territorial tax regime, meaning only income sourced within the country was subject to taxation. Foreign-sourced income was exempt from Seychelles taxation. However, pursuant to the BTAA updates, exemptions for foreign sourced income…
-
Further amendments to the Seychelles Beneficial Ownership Regime: Seychelles Beneficial Ownership (Amendment) Regulations
The Seychelles BO regime has since been further enhanced through the related Seychelles Beneficial Ownership (Amendment) Regulations enacted on 28 April 2023. We summarise the key amendments to the BO Regulations in our updater here.
-
Amendments to the Seychelles Beneficial Ownership regime
—
The Beneficial Ownership (Amendment) Act, 2022 has been enacted with effect from 30 December 2022. The relevant amendments are introduced to ensure ongoing compliance with international standards set by the Financial Action Task Force (FATF) and Organisation for Economic Cooperation and Development (OECD) which require jurisdictions to maintain beneficial ownership information that shall be accessible…