Regulatory Alerts2016-01-01
International Business Companies Act 2016
The Financial Services Authority of Seychelles enacted the International Business Companies Act 2016 to establish a comprehensive statutory framework governing the incorporation, management, and operation of international business companies. The legislation mandates strict compliance regarding share capital, director fiduciary duties, protected cell structures, and registered agent responsibilities. It consolidates previous corporate regulations into a single code that streamlines mergers, conversions, and winding-up processes while automatically transitioning legacy entities under the new regime.
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