Regulatory Alerts2022-02-16
Seychelles FSA Guidelines for Companies (Special Licence)
The Financial Services Authority of Seychelles issues these guidelines to outline the application process and ongoing compliance requirements for companies seeking a Special Licence under the Companies (Special Licences) Act, 2003. Applicants must submit specific documentation, including completed forms, a US$200 application fee, and director declarations, to secure approval before the Authority issues the licence upon payment of a US$1,000 annual fee. Licensed companies must maintain statutory governance standards, file annual returns with audited accounts within six months of their financial year-end, and comply with prevailing or concessionary tax rates to avoid penalties.
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