Registration of Non-Seychellois Immovable Property Owners Under the International Trade Zone Act — FSA — SC

Circular No. 8 of 2021
Date: 14th July, 2021
Registration of Non-Seychellois Immovable Property Owners Licensed Under the International Trade Zone Act, 1995 This circular serves to bring to the attention of licensees licensed under the International Trade Zone Act, 1995 (ITZ Act) of the obligation to register their immovable property as per Gazette Notice published on 28th June 2021 by the Registration Division as the “REGISTRATION OF NONSEYCHELLOIS IMMOVABLE PROPERTY OWNERS” with the following: - “In accordance with section 13(4) of the Immovable Property Tax Act, 2019, the Registrar General hereby gives notice that every non-Seychellois who owns immovable property in Seychelles shall submit an application to the Registrar General to be registered of non-Seychellois immovable property owners. An application shall be submitted to the Registrar General from 01st July 2021 to 31st October
2021. A non-Seychellois who fails to submit an application to the Registrar General in accordance
with the Act shall be liable to pay the Registrar General the following fine – (a) SCR50,000 in the case of commercial property, industrial property, multi-purpose buildings or villa; or (b) SCR10,000 in the case of immovable property not specified in paragraph (a).” To facilitate the registration of non-Seychellois immovable property, ITZ licensees may obtain the application form in hard copy at the Registrar-General’s Office, Independence House, Victoria, Mahe. However, a digital copy of the form can also be made available by email upon request through the email address: regdiv@registry.gov.sc or alternatively from the egovernment portal on www.egov.sc. It is important to note that immovable property constitutes of any commercial property, condominium unit, immovable property used for residential purposes, industrial property, land, lease, multi-purpose building and villa as defined under the Immovable Property Tax Act, 2019. Given that Immovable Property Tax Act, 2019 is not featured in the non-applicability schedule, it is an obligation of licensees to comply with section 13(4) as stated above.

Financial Services Authority

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Issued under

Immovable Property Tax Act, 2019Not in RegAlert
“In accordance with section 13(4) of the Immovable Property Tax Act, 2019, the Registrar General hereby gives notice that every non-Seychellois who owns immovable property in Seychelles shall submit an application”
International Trade Zone Act, 1995Not in RegAlert
“This circular serves to bring to the attention of licensees licensed under the International Trade Zone Act, 1995 (ITZ Act) of the obligation to register their immovable property”