Regulatory Alerts2003-01-01
International Corporate Service Providers Act, 2003 (Consolidated to April 11, 2022)
The Financial Services Authority of Seychelles mandates licensing for entities providing international corporate, trustee, and foundation services, while establishing a streamlined authorization framework for private trust companies. Licensees must maintain Seychelles-based operations, segregate client funds, keep accurate accounting records, and undergo annual audits by qualified auditors. The Authority exercises robust oversight through inspection powers, directive issuance, and enforcement mechanisms including licence suspension, revocation, and financial penalties for non-compliance.
Share