Being a general reminder on housekeeping of your Seychelles company compliant with the relevant regulations in the Seychelles, please take actions to the following matters:
- Notify Sertus the financial year end date within 14 days of passing of the resolution with a signed resolution as supporting if it is set other than 31 December;
- Provide Sertus with (i) accounting records on semi-annual basis for holding and non-large company or (ii) financial summary within 6 months of the financial year end for other types of company (you may re-visit our newsletter at our website for details);
- Non-compliance of keeping reliable accounting records, the company and the director knowingly permits a contravention shall be liable to a penalty not exceeding US$10,000 respectively;
- Non-compliance of provision of (i) or (ii) above at the registered office, is subject to a penalty of US$5,000 with an additional penalty of US$100 per day for continuous contravention capped at US$10,000 for the company and the director respectively. )
- Notify Sertus any change to the ultimate ownership of your company within 14 days of the change with a copy of the declaration of the beneficial ownership;
- Notify Sertus any change of the particulars of the directors, shareholders and UBO (e.g. renewed passport, new residential address, change of entity name, etc.) of your company as soon as you are aware of the change to comply with the relevant filing deadlines:
- Notify Sertus any change of the nature of activities of your company.
(Penalty Note: non-compliance is subject to a penalty not exceeding US$10,000 for every breach which could be imposed on both the company and the director who knowingly in breach.)
(Penalty Note:
(Penalty Note: Non-compliance of keeping accurate and up-to-date ROBO with the registered agent is subject to a penalty not exceeding US$10,000 for every breach which could be imposed on both the company and the director.)
(Penalty Note:
• Non-compliance of keeping accurate and up-to-date ROD, the company and the director knowingly permits a contravention shall be liable to a penalty not exceeding US$10,000 respectively;
• Late filing of ROD after 30 days of change, penalty is US$1,000 with an additional penalty of US$50 per day for continuous contravention capped at US$5,000 for the company and the director respectively;
• Non-compliance of keeping accurate and up-to-date ROM at the registered office the company is subject to a penalty of US$1,000 with an additional penalty of US$50 per day for continuous contravention capped at US$10,000 for the company and the director respectively;
• Non-compliance of informing the registered agent within 14 days of the change is an offence and subject to a penalty not exceeding SCR$150,000 and/or conviction to imprisonment for a term not exceeding 1 year.)
and
We, being a regulated entity, reserve the right to terminate our services if any non-compliance of the clients or, due to clients’ non-response, we fail to comply with the relevant regulations.
If you have any questions regarding the above, please feel free to contact your Sertus Client Services Representative or contact us at info@sertus-inc.com.
Disclaimer Kindly note that this note is not exhaustive but just intended to provide a general reference. This is not a legal advice that meet your circumstances. Sertus does not accept any responsibility for any errors or omissions of the contents of this note.