Regulatory Alerts2018-01-01
Securities (Substantial Activity Requirements) Regulations, 2018
Issued by the Seychelles Minister of Finance, Trade, Investment and Economic Planning, these Regulations establish substantial activity requirements for licensed securities entities to qualify for Business Tax Act concessions. Licensees must conduct core income-generating activities locally with adequate qualified personnel and operating expenditures, permitting front-office functions to operate offshore provided middle- and back-office operations remain in Seychelles. Entities that outsource core activities abroad or fail compliance forfeit their tax concessions, with existing licensees granted a submission deadline of July 1, 2021.
Share