Categories

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Seychelles has adopted centralized beneficial ownership register

Seychelles has adopted centralized beneficial ownership register

On 5 March 2020 President and National Assembly of Seychelles have officially enacted Beneficial Ownership Act 2020 (the Act) which establishes centralized beneficial ownership registers with confidential regime of data storage for the first time. Firstly, it is necessary to mention that the requirements under abovementioned Act are applicable both to legal persons incorporated in

Read More »
Panama

Cayman Islands, Panama and Seychelles added to the EU “blacklist”

18 February 2020 the European Commission has published an information about the regular update of the “blacklist” of non-cooperative jurisdictions for tax purposes. This time it was decided to list 4 new jurisdictions. In February 2020 Cayman Islands, Palau, Panama and Seychelles have been added to the “blacklist”. As a result, the current version of

Read More »
France has requested Seychelles to provide information of French-owned entities

France has requested Seychelles to provide information of French-owned entities

As it was informed in mass media and confirmed by representatives of Seychelles Revenue Commission (SRC) in late September 2019, France has made 66 requests of information concerning several Seychelles companies owned by French residents. France has initiated investigation towards offshore companies of its residents after the information about them has appeared in “Panama Papers”

Read More »
Seychelles sourced income: official guidance

Seychelles sourced income: official guidance

Due to establishment of territorial taxation of business activity in Seychelles in January 2019 the need for guidance to some legislative rulings, such as official interpretation of term “Seychelles sourced income”, has arisen. In August 2019 the document named Guidance Notes on Income Sourced in and from Seychelles (the Guidance) has been adopted. The principle

Read More »
Redomiciliation of companies: international practice

Redomiciliation of companies: international practice

Legislation of many countries allow re-registration to another jurisdiction of legal entity that was originally incorporated in one jurisdiction. Due to substantial changes of requirements to international companies in offshore jurisdictions (British Virgin Islands (BVI), Belize, Cayman Islands, etc.) that was made in 2019 this instrument may be used more frequently than before. Redomiciliation provides

Read More »
Tax reform in Seychelles

Tax reform in Seychelles

1 January 2019 several acts that substantially change tax regime of International Business Companies (offshore companies, IBC companies), as well as of companies with special license and funds, have entered into force. IBC companies regulation The most important issue of tax reform in Seychelles is the change of IBC companies regulation provided by International Business

Read More »
Seychelles: confidentiality of registers of directors

Seychelles: confidentiality of registers of directors

29 November 2018 the legislative bodies of Seychelles have enacted the amendment to International Business Companies Act (IBC Act) that changes the confidentiality regime for registers of Seychelles companies’ directors. The previous version of IBC Act provided that the registers of directors filed with the Registrar of Companies were subject to disclosure to general public.

Read More »

Uniwide Seychelles becomes licensed trustee and foundation service provider

We are pleased to inform our customers and partners that Uniwide Corporate Services Limited (Seychelles) has obtained the International Trustee Services License and the Foundation Services License on 23 February 2017. This is the next step in our development as one of the leading corporate service providers aimed at extension of the range of our

Read More »
Latvia company formation

Seychelles ceased to have an offshore status for Latvia

The Regulations of the Cabinet of Ministers of Latvia No. 276 of 26 June 2001 “Terms on low-tax and tax-free countries or territories” contains the list of countries and territories that Latvia considers to be low-tax or tax-free. Seychelles are listed among them. The main consequence for a country of being “blacklisted” in the above

Read More »

Seychelles refuted creation of central register of company beneficial owners

The Seychelles Financial Services Authority (FSA) responded to the article published by the Reuters news agency on 6 July 2016, which reported the jurisdiction’s plans to establish a central register of company beneficial owners. In the press release dated 19 July 2016 the Regulator officially informed that “this is not the case”, and the authors

Read More »
Still have questions? Contact us today
Scroll to Top
We use cookies in order to give you the best possible experience on our website. By continuing to use this site, you agree to our use of cookies.
Accept