top of page

Seychelles Passed the International Business Companies (Amendment) Act, 2021 on 6 August 2021

From 2022 onwards, the International Business Companies (Amendment) Act, 2021 ("Amendment Act") requires International Business Companies (“IBC”), Foundations, Limited Partnerships and Trusts to ensure they keep their underlying accounting records at their Registered Office at Seychelles.

According to the Amendment Act and the Circular No.9 of 2021 published on the 20th of August 2021, all registered companies are obliged to comply with the following instructions to lodge the required documents at their Registered Office.

1. Submit and preserve accounting records every 6 months

a. Accounting Records

  • Including bank statements, invoices, receipts, vouchers, title documents, contracts, agreements, ledgers, and any other documentation underpinning a transaction.

b. Submission Deadlines

The First Submission must be made before 6 February 2022.

  • Accounting records in the past 7 years to 31 December 2021 must be kept in Seychelles by 6 February 2022

Subsequent Submission to be made every 6 months

  • Accounting records of the first half of the year (January to June) must be submitted on or before 31 July in the same year

  • Accounting records of the second half of the year (July to December) must be submitted on or before 31 January next year

Method of submission

  • The original document can be stored at the location of books and records provided by the client

  • A copy should be kept electronically at the Registered Office at Seychelles

2. Financial statement or summary must be submitted and preserved annually

a. Deadline of submission

  • The 2021 Amendment Act also states that companies (except for small[1] holding companies[2]) must prepare the financial summary of the year in 6 months after that financial year has ended. The statement or summary should be stored at the Registered Office at Seychelles. The Financial Services Authority will be providing further guidance as to the content of the Financial Summary.

In response to the increased in administration of the accounting records, a filing fee of USD 50 will be charged from 2022 onwards, which will be collected with the annual maintenance fee.

Should you have any further enquiries, please contact your customer manager at Aegis or email us via



  1. Companies which have a yearly revenue not exceeding 50,000,000 Seychellois rupees

  2. Companies which only hold legal rights or assets of other companies

  3. All records must be in either English or French, a translation must be provided should the document be in another language

  4. If the location where accounting records are kept is changed, a board resolution regarding the change, notice of location of company records and the annual return must be provided



Act 32 - International Business Companies (Amendment) Act2021
Download PDF • 1.21MB

Circular No. 9 of 2021 - Implementation of AccountingRecords_Obligations
Download PDF • 112KB



bottom of page