Seychelles News: Seychelles Domestic Companies & Associations to benefit from amnesty programme
Article Published on November 12, 2021
In a bid to address the challenges faced by domestic companies and associations in meeting their obligations under the Companies Act and Registration of Associations Act in view of the Covid-19 situation, the Seychelles Government has introduced an amnesty programme ending on 31 July 2022 to grant these structures an opportunity to reach their compliance target.
As such, the extension is applicable for, but not limited to, the following:
The request for the amnesty programme was brought forth by the Seychelles Chamber of Commerce and Industry (SCCI), further to which the Government rolled out the necessary measures intended to support the private sector in these challenging times. The SCCI has further requested the Registrar Division to give special considerations to companies having faced penalties upon meeting their obligations to ensure fairness.
The National Assembly is set to approve the amendments to both pieces of legislation in the coming weeks. We will endeavor to keep our valued clients posted accordingly.