Seychelles Legislation Amendments

A Gentle Reminder of the Obligation to Provide the Registered Agent with your Accounting Records and Financial Summary

The new requirement to provide your Accounting Records and Financial Summary was circulated on 7th September 2021. We have provided the link here for your reference.

The Accounting Records and Financial information requirements are contingent on the size of the company and/or its activity. In this respect, if the company’s annual turnover exceeds SR50,000,000 or it engages in trading activities, then it would be required to provide both accounting records and a financial statement. Small companies are not required to provide a Financial Statement or Financial Summary. A summary of the requirement is set out below.

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“Accounting Records” include but is not limited to:-

a. Bank statements
b. Receipts
c. Invoices
d. Vouchers
e. Title documents
f. Contracts and agreements
g. Ledgers
h. Any other documentation underpinning a transaction

You are required to provide the requested documents by the following deadlines: –

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DEADLINE

The 2021 amendments provide that the accounting records should be kept at the registered office in Seychelles on a bi-annual basis, that is, at an interval of 2 times per year. Accounting Records for the First and Second Half of are due by the respective Deadlines of 31st July and 31st January of each year.

A legal person or legal arrangement that is struck-off, dissolved or deregistered must ensure that any outstanding accounting records are lodged at its registered office in Seychelles by January or July, following the date that it is struck-off, dissolved or deregistered, or within 3 months of the date of striking-off or dissolution, whichever is earlier.

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NON-RENEWAL OF ANNUAL GOVERNMENT LICENCE

Portcullis will not be able to renew the company if the company fails to comply with the above regulation.

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PENALTY

A failure to comply with the Regulations will result in penalties. Section 174 [Keeping of Accounting Records]

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HOW PORTCULLIS CAN HELP

Portcullis is in the midst of exploring a cloud storage facility for you to upload your company’s accounting records. We shall require designation of an Accounts Contact Person so to enable access to the storage facility. A link will be forwarded in due course.

In a meantime, should you wish to provide your accounting records please contact your relationship manager.

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Action to be taken:

a. Provide the Accounts Contact Person’s details namely:-

i.   Full Name;
ii.  Designation;
iii. Telephone No.
iv. Email

Please state the name of the Seychelles company for which Accounts Contact Person is being appointed to and provide details via email to info.Seychelles@portcullis.co

b. Upload Accounting Records (including the underlying documents)
c. Complete and Upload Annexure 19 – NOTICE OF LOCATION OF COMPANY RECORDS
d. Complete and Upload the Annexure 25 – FINANCIAL SUMMARY (Large company only) OR provide Financial Statement
e. Upon completion of the above, please notify the Relationship Manager and cc info.Seychelles@portcullis.co.

Should you require ACCOUNTING SERVICES or assistance with preparation of the Financial Summaries, you may contact our Hong Kong and Singapore Offices:-

Portcullis Tax Services (HK) Limited
Tel: (852) 2525 9991 | DDI: (852) 3173 1046 |
Email: pisces.wong@portcullis.co
Attention: Ms Pisces Wong, Senior Accounts and Tax Manager

OR

Portcullis Family Office Pte Ltd
Tel: (65) 6496 0496 /DDI: (65) 6496 0454
Email: yeeyee.tey@portcullis.co
Attention: Mr Tey Yee Yee, Senior Accountant

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INCREASE IN ANNUAL MAINTENANCE FEES

In light of the increasing regulatory requirements and the ongoing maintenance of accounting and other regulatory records, we advise that with effect from 1 January 2022, there shall be an increase in its annual renewal fee of USD150.00.

There shall also be a Regulatory Records Maintenance Fee of USD350.00.

We will adjust the fee for your company from your next renewal invoice.

Should you have any queries, please do not hesitate to contact your relationship manager or email to our general email at info.Seychelles@portcullis.co for further assistance.

Thank you for your attention to these matters.

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PORTCULLIS GROUP
www.portcullis.co

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塞席爾群島立法修正案

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在此誠摯提醒 貴公司向註冊代理人提供會計記錄及財務摘要報告的義務。

關於提供公司會計記錄及財務摘要報告的新規定，已於2021年9月7日通知函中知會各公司。在此提供連結，供貴公司參閱。

提供會計記錄及財務資訊的規定，乃依公司規模及/或業務活動而定。就此方面而言，若公司年營業額超過塞席爾幣50,000,000元或公司從事貿易業務，則必須提供會計記錄及財務報表。小公司無須提供財務報表或財務摘要報告。本項規定概述如下：

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「會計記錄」包括但不限於下列各項：

a. 銀行對帳單
b. 收據
c. 發票
d. 傳票
e. 產權證明文件
f. 契約及協議書
g. 總帳
h. 足以佐證各項交易的任何其他單據文件

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貴公司必須提供上述文件的最後期限如下：

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最後期限

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依2021年修正法規定，會計記錄應以半年一次(亦即每年兩次)的方式，留存於塞席爾境內的註冊辦公室。上半年及下半年的會計記錄提交期限，分別是當年7月31日及次年1月31日。

已經除名、解散或註銷的法人或法律安排，必須確保在其除名、解散或註銷日後的1月或7月前，或在其除名或解散日起三個月內，兩者以較早者為準，將其最後待交的會計記錄存放於塞席爾境內的註冊辦公室。

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不存續年度政府執照

公司未遵守上述規定者，保得利無法為其存續。

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罰則

未遵守法律規定者，將遭受罰款。第174條[留存會計記錄]

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保得利能如何協助

保得利正在探究雲端儲存功能，供 貴公司上載會計記錄。本公司將要求 貴公司指定一名帳務聯絡人，以便授權其使用儲存功能。本公司將適時提供連結。

在此期間， 貴公司若擬提供會計記錄，請洽詢 貴公司的關係經理。

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應採取的作為：

a. 提供帳務聯絡人的詳細資料，亦即下列資料：-

i.    全名。
ii.   職稱。
iii.  電話號碼。
iv.   電郵信箱。

請說明帳務聯絡人被指定處理的塞席爾公司名稱，並將詳細資料以電郵寄至：info.Seychelles@portcullis.co。

b. 上載會計記錄(包括憑證單據)。
c. 填寫並上載附件19 – 公司記錄存放地點通知書。
d. 填寫並上載附件25 – 財務摘要報告(僅大公司須提供)或提供財務報表。
e. 於完成上述事項後，請通知關係經理，並副知 info.Seychelles@portcullis.co。

倘貴公司需要會計服務或需要協助編製財務摘要報告，請洽詢本公司香港及新加坡辦公室：-

保得利稅務服務香港有限公司
電話：(852) 2525 9991 | 專線：(852) 3173 1046 |
電郵信箱：pisces.wong@portcullis.co
收件人：資深帳務暨稅務經理Ms Pisces Wong

或

保得利家族辦公室有限公司
電話：(65) 6496 0496 /專線：(65) 6496 0454
電郵信箱：yeeyee.tey@portcullis.co
收件人：資深會計師Mr Tey Yee Yee

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提高年費

基於愈趨繁複的監管法規，以及對會計記錄及其他監管記錄的持續維護，本公司在此通知，年費將自2022年1月1日起增加美元150.00元。

另有一項監管記錄維護費美元350.00元。

調整後的費用，將反映於 貴公司下一期的年費發票上。

倘 貴公司有任何問題，請洽詢 貴公司的關係經理，或電郵至本公司公務信箱： info.Seychelles@portcullis.co，以便提供進一步協助。

感謝 貴公司對上述事項的關注。

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保得利集團
www.portcullis.co