The Seychelles have enacted the Beneficial Ownership (Amendment) Regulations, 2023 (“the Regulations”) on 28 April 2023.
Below are some of the additional updates in the Regulations:
- Updated definition of Beneficial Owner
- New Declaration of Beneficial Owner template
- New yearly review obligation by legal entities
- Elimination of the prescribed Register of Beneficial Owner template
For full details on the above, please refer to the link here.