Regulatory Alerts2003-01-01
International Corporate Service Providers Act, 2003
The International Corporate Service Providers Act, 2003, enacted by the President and National Assembly of Seychelles, establishes a comprehensive regulatory framework for entities offering international corporate and trustee services. It mandates that all such service providers obtain a license from the Seychelles International Business Authority, detailing requirements for licensing, ongoing duties, financial standing, and adherence to a Code of Practice. The Act further outlines enforcement provisions, including suspension and revocation of licenses for non-compliance, and grants specific tax and operational concessions to licensed providers.
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