The new Immovable Property Tax, 2019 (IPT Act) came into force in Seychelles on 1 January 2020.
Yiannis Papazcharia LLC
We shall be pleased to assist with any inquiries you may have on the above or any other matter relating to the formation of Seychelles companies.
Spoor & Fisher
On 18 September 2018, the Seychelles Registrar General handed down an important trade mark decision.
Several updates have been provided in recent months, regarding the new Seychelles International Business Companies Act, 2016 (the Act).
I blogged recently about the record keeping requirements of a company under the new Seychelles IBC legislation, the International Business Companies Act, 2016 (the "Act").
Fundamental changes to the IBC regime in Seychelles are imminent with the enactment of the new IBC Act 2016 (New Act).
Giambrone & Partners
The amendment of section 151 of the Penal Code decriminalises homosexuality.
Seychelles Government makes a commitment to enhance marine conservation and climate adaptation in the first of its kind debt-swap deal agreed between the Government of Seychelles and its Paris Club creditors.
Genshape Management Limited
Seychelles is one of the most popular offshore jurisdiction, with favourable business regulations, a prosperous economy and a stable political situation.
Genshape Management Limited
The Seychelles offer a wide variety of financial services, including offshore banking, investments and insurance.
This Guide is concerned exclusively with limited partnerships formed under the Seychelles’ Limited Partnerships Act, 2003.
International Oil Companies (IOCs) that have been eyeing East Africa may want to look beyond established jurisdictions like Kenya and Mozambique.
The Seychelles’ statute law on companies is contained in the Companies Ordinance, 1972 (Companies
Ordinance) which was modelled on the old UK Companies Act.
The Mutual Funds and Hedge Fund Act, 1998 was brought into law in the Seychelles with a view to creating an investment fund regime that is designed to be both relatively "light touch" in its regulation at the same time as protecting the interests of investors depending on their level of market experience.
On 15 June 2012 the Seychelles International Business Authority ("SIBA") issued the first ever securities exchange licence to a company in the Seychelles, Trop-X (Seychelles) Limited ("Trop-X").
Another jurisdiction which has recently entered into the foundations market is the Seychelles, which enacted the Foundations Act 2009 (the "Act") in December of that year.
Appleby acted as Seychelles counsel to African Development Bank in its €8.4m loan to Seychelles Cable Systems Company Limited and the associated security package, for the development of the Seychelles Eastern Africa Submarine Cable System.
The following amendments have been made to the IBC Act:
The projects are two of the largest investments made in the Seychelles Islands and generally reflect growing Middle Eastern investments in the Indian Ocean.
AAMIL Global Financial Services
The Seychelles offer a stable legal environment to investors who wish to conduct efficient and confidential offshore businesses. Its legal system is based on a mixture of English Common law and French Civil law.