In March 2020 the beneficial owners of every companies in the Seychelles will be registered in a database to which the Financial Intelligence Unit and other local agencies have direct access.

The register only accepts natural persons and do not accept legal persons.

It has to be noted that both the nominee and the nominator have to be registered. If the beneficial owner is a trust there is no shelter: either the settlor or all the beneficial owners will have to be registered.

Companies incorporated in the Seychelles can move to another jurisdiction (Susisiekite su mumis).

For reference: attached below is the new law.