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Seychelles Update Beneficial Ownership Act 2020

Updated: Jun 18, 2021



Dear Client,


As you have been previously notified, the new Beneficial Ownership Act 2020 came into force on 28th August 2020. Kindly note that with the new B.O. Act 2020, a new template of the Register of B.O. needs to be followed and filed through a secure online portal with the Seychelles Financial Intelligence Unit. Please note that all companies will need to have the new Register completed.


However, the portal mentioned above is not ready yet. We are still waiting to hear from the Seychelles authorities regarding the deadline for this matter and confirmation regarding the secure online portal. We will let you know whenever we receive an update from the Seychelles authorities.


Additionally, we enclose the Guideline of the B.O. Act 2020 for your reference. This guide should be used when identifying an entities’ B.O. and completing the Declaration of B.O. and the Register of B.O.


Should you require any assistance with this matter, please let us know.


Sincerely,


V.I. Services & Solutions Limited


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