Regulatory Alerts1995-01-01
International Trade Zone Act of Seychelles (1995)
The Seychelles Minister and the designated International Trade Zone Authority establish and regulate specific geographical zones where licensed businesses operate under a streamlined legal framework. The Act mandates that licensees must obtain authorization to enter and conduct business within these enclosed areas, granting them targeted exemptions from numerous domestic statutes including business, trades, social security, and property laws. It outlines strict licensing procedures, revocation powers, appeal rights to the Supreme Court, and financial penalties for non-compliance while legally treating intra-zone goods as exports or imports depending on their movement relative to the domestic market.
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