Due to the updated of the Regulation 13 of the Seychelles Beneficial Ownership (Amendment) Regulations 2023 (“the Regulations”) in 1 Oct 2024, it requires all Seychelles legal entities to review and verify their BO information and ensure it is up to date and accurate at least once per calendar year and submit a Declaration of Compliance, with effect from 1 January 2025.
We will assist the clients to submit a completed and signed Declaration of Compliance when renewing annually.
Please note that any entities fail to comply with the new obligations within the prescribed timelines may result or cause in fines or penalties and lead to the eventual striking off of their entity.
If you have any changes of BO (“Beneficial Ownership”) or queries, please contact your Harmony representative.
Thank you