Beneficial Ownership Act and Regulations
The Seychelles Beneficial Ownership Act and its Regulations, section by section: who counts as beneficial owner, what the register of beneficial owners must contain, nominees, declarations, the annual review and the database of the FIU. This is the law behind the beneficial owner details every registered agent asks for.
International Business Companies Act AML/CFT Act
Beneficial Ownership Act (Cap. 251B)
Part I: Preliminary
1Short title 2Application 3Interpretation 4Competent AuthoritiesPart II: Register of beneficial owners
5Register of beneficial owners 6Register to be prima facie evidence 7Electronic register, etc. 8Retention period 9Duty to identify and verify beneficial ownership information 10Declaration of beneficial ownership informationPart III: Accessibility, disclosure and confidentiality of beneficial ownership
11Inspection of register of beneficial owners 12Rectification of register of beneficial owners 13Beneficial ownership database 14Access to information of beneficial owners by Competent Authorities, etc. 14ADisclosure of beneficial ownership information by trustees 14BRequest for Information between trustees 14CImposition of penalty 15Appeals Board 16Act to have overriding effectPart IV: Miscellaneous provisions
17Regulations 17APower to issue guidelines or codes 17BPower to issue directions 18Transitional provisionSchedules
S1Legal persons and arrangements by Competent Authority S2Entities with access to the databaseBeneficial Ownership Regulations 2020
Preliminary
r.1Citation and commencement r.2InterpretationDetermination of beneficial owners
r.3Determination of beneficial owners r.4Holding of shares r.5Voting rights r.6Holding shares and rights indirectly r.7Rights to appoint or remove members of the Board of a legal person r.8Shares held by nominees r.9Rights treated as held by person who controls their exercise r.10Rights exercisable only in certain circumstances r.11Rights attached to shares held by way of securityRegister, declarations and review
r.12Beneficial interest r.13Periodic review of beneficial owners r.14Disclosure of a new beneficial owner r.15Inspection of the beneficial ownership register of extractive companiesAccess to the database
r.16Access to the database r.17Disclosure of information from the databaseSchedules
Sch. 2Declaration of beneficial ownership Sch. 3Request to inspect the register of an extractive companyOfficial source
Beneficial Ownership Act (Cap. 251B), Act 4 of 2020, Revised Edition as at 31 May 2024 (Acts 4 of 2020, 6 of 2021, 26 of 2021, 38 of 2022, 28 of 2023); Act 18 of 2025 worked in by us
Beneficial Ownership Regulations, 2020 (S.I. 107 of 2020), Consolidated by us with S.I. 32 of 2023 and S.I. 64 of 2025; S.I. 7 of 2025 made but not yet in force
Amending laws
S.I. 32 of 2023, Beneficial Ownership (Amendment) Regulations 2023, 28.04.2023
S.I. 4 and 5 of 2025, repeal of S.I. 114 and 115 of 2024, 22.01.2025
S.I. 6 of 2025, Amendment of Second Schedule (not yet in force), 22.01.2025
S.I. 7 of 2025, Beneficial Ownership (Amendment) Regulations 2025 (not yet in force), 27.01.2025
Act 18 of 2025, Beneficial Ownership (Amendment) Act 2025, 20.08.2025
S.I. 64 of 2025, Beneficial Ownership (Amendment) Regulations 2025, 09.09.2025
