Regulatory Alerts2003-01-01
Companies (Special Licences) Act, 2003
Issued by the Seychelles legislature and administered by the Financial Services Authority, this Act establishes a comprehensive licensing framework for relevant companies. It requires applicants to obtain Authority approval, appoint licensed secretaries, submit annual audited accounts and returns, and pay escalating licence fees for late payments. The legislation further outlines governance standards, grants broad stamp duty exemptions on corporate transactions, and empowers the Authority to revoke licences for non-compliance or misconduct.
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