Regulatory Alerts2019-01-01
International Trade Zone (Amendment) Act, 2019
President Danny Faure and the Seychelles National Assembly enacted this amendment to the International Trade Zone Act to update licensing and concession frameworks for zone businesses. The revised legislation requires the Trade Zone Authority to verify minimum initial investment, adequate staffing arrangements, and permanent physical premises before issuing licenses. Additionally, license holders must now meet prescribed substantial activity requirements to retain concessions, while eliminating prior ministerial approval for certain provisions and updating referenced regulatory paragraphs.
Share