INTERNATIONAL TRADE ZONE ACT, 1995

Schedule

(section 3(2))

NON-APPLICABILITY CERTAIN LEGAL PROVISIONS

A  

B

TEN LAW

EXTENT OF NON-APPLICABILITY

1. Immovable Property (Transfer Restriction) Act

1.1 Section 4, in so far as it prohibits a non-Seychelles from purchasing or leasing immovable property inSeychelles or entering into an agreement to purchase or lease immovable property, shall not apply to the holder of a licence in respect of immovable property situate in a zone;

1.2 Section 13, in so far as it prohibits t he purchase or acquisition by a non-Seychel- lois of shares in a company which owns immovable property or rights therein in Seychelles shall not apply to the purchase or acquisition of shares in a company which is the holder of a licence and which owns immovable property or rights therein situate in a zone.

2. Business Tax Act

2. In respect of the business which is the subject of the licence of t he holder of a licence, the whole Act

3. Trades Tax Act

3.1 In respect of goods imported into a zone for use by the holder of a licence in respect of t he business which is the subject of the licence, the whole Act;

3.2 In respect of goods dealt with or services provided by the holder of a licence from a zone to a place outside Seychelles as part of the business which is the subject of the licence, the whole Act;

4. Social Security Act

4.    In respect of the holder of a licence as an employer or the director or an employee of the holder of the licence, the whole Act;

5.  Seychelles Pensions Scheme Act

5.   The whole Act;

6.  Immigration Decree

6.   Section 15(1), in respect of the number specified in the licence of persons who are non-Seychellois;

7.  Licences Act

7.   The whole Act.

8. International Business 8.1 Companies Act, 1994

Section 5(1)(a), in so far as it prohibits an international business company from carrying on business in Seychelles so long as the business is carried on in a zone in accordance with this Act.

Section 5(1)(b), in so far as it prohibits an international business company from owning an interest in immovable property situated in Seychelles or leasing immovable property situated in Seychelles otherwise than as referred to in section 5(2)(e) of that Act so long as the immovable property or the immovable property to which the interest or lease relates is a zone or situated in a zone;

9. Employment Act

9. The whole Act.

I certify that this is a correct copy of the Bill which was passed by the National Assembly on 6th June, 1995.

Mrs. Sheila Gemmell

Clerk to the National Assembly.