On 1st December 2016, a new International Business Companies Act, 2016 came into effect in Seychelles. The new Act is a comprehensive rewrite of the IBC Act 1994 aimed at modernising Seychelles company law and further enhancing Seychelles status as a international business and financial centre.
A company incorporated under this Act shall at all times have a registered office in Seychelles
The directors of the company may change the address of the registered office of the company, which change shall be notified to the Registrar.
The major changes, amongst others, include the following provisions:
Every company will be required to keep a beneficial ownership register at the registered agent’s office in Seychelles.
All companies will be required to file with the Registrar a copy of the register of directors within 3 months after the date of incorporation of a company
The filed register of directors will be made publicly accessible after two years following the entry into force of the amendments.
In the case of any change or changes in directorship a company has to file with the Registrar a copy of its updated register of directors within 30 days after the change or changes took place.
All registers must be kept at the registered agent’s office in Seychelles.
All companies must file an annual return by way of a declaration not later than on 31 December of each year after the year in which it was incorporated.