Regulatory Alerts2018-01-01
International Business Companies (Amendment) Act, 2018
The President and National Assembly of Seychelles enacted the International Business Companies (Amendment) Act, 2018, to amend the International Business Companies Act 2016. This Act introduces mandatory filing of a company's register of directors with the Registrar within 30 days, imposing penalties for non-compliance while strictly limiting public disclosure of this information. Furthermore, it revises provisions for restoring struck-off companies, extends certain statutory periods, and sets new compliance deadlines of 24 months for director register filing and 18 months for beneficial ownership obligations from the Act's commencement.
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