{"id":12570,"date":"2022-08-18T11:43:17","date_gmt":"2022-08-18T11:43:17","guid":{"rendered":"https:\/\/www.africa-press.net\/seychelles\/all-news\/non-seychellois-investors-to-be-regulated-under-s-i-76-of-2022"},"modified":"2022-08-18T13:58:58","modified_gmt":"2022-08-18T13:58:58","slug":"non-seychellois-investors-to-be-regulated-under-s-i-76-of-2022","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/seychelles\/all-news\/non-seychellois-investors-to-be-regulated-under-s-i-76-of-2022","title":{"rendered":"Non-Seychellois investors to be regulated under S.I. 76 of 2022"},"content":{"rendered":"

Africa-Press – Seychelles. <\/strong><\/span>The Ministry of Investment, Entrepreneurship and Industry held a sensitisation workshop on Tuesday with the Seychelles Licensing Authority (SLA) and the Registry with the aim of guiding foreign direct investment (FDI) in Seychelles.<\/b><\/p>\n

The principal secretary for Investment, Michael Nalletamby, stated that the session is a series which will be conducted with other relevant entities.<\/p>\n

S.I. 76 of 2022, which replaces S.I. 148 that was annulled in 2020, is a statutory instrument of the Seychelles Investment Act. The aim of the instrument along with the Reserved Economic Activity Policy (REAP) and the Economic Needs Test (ENT) is to help guide foreign direct investment and bring about transparency and predictability within the investment landscape of the country.<\/p>\n

This follows a series of consultations and reflects the commitments Seychelles made based on the United Nations Central Product Classification (UN CPC) list to the World Trade Organisation (WTO) membership.<\/p>\n

The S.I. 76 of 2022 contains two schedules:<\/p>\n

1) An open category with a list of business activities in which a non-Seychellois investor may invest fully; meaning 100% investment in Seychelles;<\/p>\n

2) A partially open category with a list of business activities in which a non-Seychellois is required to invest jointly with a Seychellois at a certain percentage as specified in the schedule.<\/p>\n

\u201cWe are using this together with REAP to manage investments in the economy,\u201d said PS Nalletamby.<\/p>\n

\u201cOnly the first schedule and second schedule can non-Seychellois partake in. It is not a lot, we did not open all, only certain key sectors such as tourism, education etc. In the second schedule it is only certain activities, but investors must have a Seychellois partner and this again creates opportunities for Seychellois,\u201d said the PS.<\/p>\n

REAP however aims at reserving certain activities for Seychellois and guiding other activities to non-Seychellois that are not readily offered by Seychellois investors to not restrict supply and competition in the economy.<\/p>\n

ENT is there for the activities that do not clearly fall in the three other categories.<\/p>\n

For More News And Analysis About Seychelles<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Seychelles. The Ministry of Investment, Entrepreneurship and Industry held a sensitisation workshop on Tuesday with the Seychelles Licensing Authority (SLA) and the Registry with the aim of guiding foreign direct investment (FDI) in Seychelles. The principal secretary for Investment, Michael Nalletamby, stated that the session is a series which will be conducted with […]<\/p>\n","protected":false},"author":84,"featured_media":12569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,12,13,16],"tags":[234,268,233],"class_list":["post-12570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-policy","category-social","category-twitter","tag-africa-press","tag-africa-press-seychelles","tag-seychelles"],"yoast_head":"\nNon-Seychellois investors to be regulated under S.I. 76 of 2022 - Seychelles<\/title>\n<meta name=\"description\" content=\"The Ministry of Investment, Entrepreneurship and Industry held a sensitisation workshop on Tuesday with the Seychelle ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/seychelles\/all-news\/non-seychellois-investors-to-be-regulated-under-s-i-76-of-2022\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Non-Seychellois investors to be regulated under S.I. 76 of 2022\" \/>\n<meta property=\"og:description\" content=\"The Ministry of Investment, Entrepreneurship and Industry held a sensitisation workshop on Tuesday with the Seychelle ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/seychelles\/all-news\/non-seychellois-investors-to-be-regulated-under-s-i-76-of-2022\" \/>\n<meta property=\"og:site_name\" content=\"Seychelles\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-18T11:43:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-18T13:58:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/seychelles\/sites\/30\/2022\/08\/postQueueImg_4-62fe458c6d5d6.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"479\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/seychelles\/all-news\/non-seychellois-investors-to-be-regulated-under-s-i-76-of-2022#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/seychelles\/all-news\/non-seychellois-investors-to-be-regulated-under-s-i-76-of-2022\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/seychelles\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Non-Seychellois investors to be regulated under S.I. 76 of 2022\",\"datePublished\":\"2022-08-18T11:43:17+00:00\",\"dateModified\":\"2022-08-18T13:58:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/seychelles\/all-news\/non-seychellois-investors-to-be-regulated-under-s-i-76-of-2022\"},\"wordCount\":344,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/seychelles\/all-news\/non-seychellois-investors-to-be-regulated-under-s-i-76-of-2022#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/seychelles\/sites\/30\/2022\/08\/postQueueImg_4-62fe458c6d5d6.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Seychelles\",\"Seychelles\"],\"articleSection\":[\"all news\",\"homepage-english\",\"policy\",\"Social\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/seychelles\/all-news\/non-seychellois-investors-to-be-regulated-under-s-i-76-of-2022#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/seychelles\/all-news\/non-seychellois-investors-to-be-regulated-under-s-i-76-of-2022\",\"url\":\"https:\/\/www.africa-press.net\/seychelles\/all-news\/non-seychellois-investors-to-be-regulated-under-s-i-76-of-2022\",\"name\":\"Non-Seychellois investors to be regulated under S.I. 76 of 2022 - 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