Category: Seychelles
-
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…
-
Seychelles: Additional Register of Directors requirements
—
To ensure that international regulatory standards of tax transparency are met, the Seychelles Government enacted a suite of new legislation over the last two years, including the International Business Companies (Amendment) Act 2021 (the Amendment Act) and the International Business Companies Act and Other Related Laws (Amendment) Act 2021. The legislation imposes a number of…
-
Seychelles: New accounting records obligations
The Seychelles Government has introduced new legislation that significantly increases the accounting records keeping requirements for International Business Companies (IBCs).
-
Seychelles Beneficial Ownership Act and Regulations 2020
—
The Seychelles Beneficial Ownership Act 2020 and the Seychelles Beneficial Ownership Regulations were introduced on 28 August 2020, extending the requirements for Seychelles entities to keep registers of beneficial owners at the company’s registered address. The new legislation also mandates beneficial ownership information to be submitted to a centrally managed government database by registered agents.…