Regulatory Alerts2023-01-01
Non-Applicability of the Licenses Act to ITZ Licensees
The Financial Services Authority clarifies that the Licenses Act does not apply to International Trade Zone licensees, meaning they do not require a separate licence from the Seychelles Licensing Authority to operate. Operators holding only a Licenses Act licence are prohibited from conducting business within an ITZ unless they obtain an ITZ-specific licence. Companies currently holding both licences must coordinate with the licensing authority to regularize their operational status under the ITZ Act.
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