Must-Know Legislative Changes For Seychelles Companies

• Published date: 13 May 2025
• Law Firm: Icaza Gonzalez-Ruiz & Aleman
• Author: Mayka Villarreal

Accounting, Registers, VASP Licensing & Beneficial Ownership at a Glance

Seychelles is renowned for its flexible and business-friendly International Business Companies (IBC) framework. However, recent amendments have introduced new requirements that both aspiring investors and current IBC owners need to understand. Below is a simple guide to help you stay compliant under the updated laws.

Accounting Records

• Bi-Annual Submission: as of February 6, 2022 every IBC is required to send the accounting records to its registered office in Seychelles. The accounting records for the first semester should be sent by 31^st July and for the second semester by 31^st January of the following year.

• Financial Summary: the new requirements of accounting records keeping also makes it an obligation for all companies (except "Non-Large Holding Companies") to submit their "Financial Summary" within six months of the end of a company's Financial Year End.

Definitions of large & holding companies:

• Large Company Definition: Any IBC with an annual turnover exceeding Seychelles Rupees 50,000,000 (approx US$3,000,000).
• Holding Company Definition: A company with no trade or business operations but holding interests in other companies or assets.

Seven-Year Record Retention:...