Seychelles Repeals Impending Public Disclosure Bill

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Amendments to the Seychelles International Business Act 2016 have been announced which show that they will maintain the privacy of overseas companies registered in the jurisdiction. Seychelles President Danny Fayre signed the approved amendment to Section 152 of the Act which originally was going to force companies to publish all details of their Directors by December this year, however opposition from the offshore community has enforced its rescindment.