In an effort of continuous improvement and compliance with the international regulatory standards all Seychelles Companies are required to comply with the International Business Companies (Amendment) Act, 2021. The legislation now requires all companies to keep their accounting records at their registered office in the Seychelles.
In view that the majority of IBC’s operate outside of the Seychelles, the 2021 amendments means that the accounting records should be produced 2 times per year and held at the registered office address in the Seychelles.
The accounting periods are to run from 1st Jan to 30 June and from 1st July to 31st Dec.
The accounts should be sent to CFS by the 21st of either July or January.
Filing late or failing to file will incur penalties which will be a minimum of £10,000 so it is essential that you are up to date with your filings.
If your company is dormant all that is required is the completion of one document and no further information will be required unless the company commences trading.
The new changes are to help enhance and improve the provisions already in place with regards to transparency within the Seychelles.