Amends the Investment Act
25 Nov 2010
The Investment Act establishes the Seychelles Investment Board and protects the rights of investors, both domestic and foreign. It defines investment areas under two categories, namely "strategic" and "restricted". It reserves certain economic activities for domestic investors, while opening to all investors industries of a "strategic nature", subject to conditions imposed by the Government "in the public interest". It guarantees equal treatment to investors and the protection of their property, and offers incentives. It also makes provisions for the investors' right to convert their receipts in local currency into a foreign currency and their right to remit foreign exchange earnings. It also covers the resolution of disputes between investors and the Government.
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Type:
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Entry and establishment (Ownership and control, Approval and admission)
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Treatment and operation (Capital transfer and FOREX, Dispute settlement, Operational conditions)
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Industry:
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Sources:
