Regulatory Alerts2019-01-01
ITZ (Substantial Activity Requirements) Regulations 2019
The Seychelles Minister of Finance, Trade, Investment and Economic Planning issued these regulations to define the substantial activity requirements that International Trade Zone license holders must meet to qualify for annual concessions. Licensees satisfy these requirements by maintaining permanent physical premises in Seychelles, employing a reasonably adequate number of qualified personnel, and incurring sufficient operating expenditures. Existing license holders are granted a transitional period and must comply with the new standards beginning 1 January 2023.
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