Has anyone ever heard of an accounting reccords inspection in the Seychelles or had one happening to them?
Seychelles Company Accounting Reccord Inspection
- Thread starter daniel31
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I was told that they are “under constant pressure from the OECD and EU in particular, over the practical application of this requirement. As such, spot inspections from our own regulator are increasing”
The fines for not having it done are $100 + $25 per day + $25 per day per director + $2500 (if convicted in court) by the way. So a company with 3 directors would have to pay $100 per day in fines until it’s done.
The fines for not having it done are $100 + $25 per day + $25 per day per director + $2500 (if convicted in court) by the way. So a company with 3 directors would have to pay $100 per day in fines until it’s done.
I wonder how they will collect the fines if you as an foreigner just leave the company and ignore any demand to pay the fines!?
It’s 2checkout but I am not sure they’d still allow it.
The account is almost a decade old and I remember a few years ago they complained to us about the setup but (according to them) added an exception to the account, basically grandfathered it in.
So not sure if that can still be done or not.
The account is almost a decade old and I remember a few years ago they complained to us about the setup but (according to them) added an exception to the account, basically grandfathered it in.
So not sure if that can still be done or not.
If you still have processing statements, bank statements, and invoices for the past seven years, you can create the financial statements retroactively. You'll need to work with an accountant, but it's doable.
While they probably will struggle to collect the funds from you, the company will be struck off. If it's big a enough fine, I suppose they can try selling the debt to a debt collector but that's difficult across borders.
While they probably will struggle to collect the funds from you, the company will be struck off. If it's big a enough fine, I suppose they can try selling the debt to a debt collector but that's difficult across borders.
What were you involved in? - Crypto, stocks or something else?
Rather weird they've targeted you.
Rather weird they've targeted you.
None of those. The company they wanted the data for is a completely legit webhosting company.
Pretty small scale with around 500-600k annual revenue as well. Only setup in the Seychelles for taxes.
Going by what I have heard back so far it doesn’t sound targeted and more like they randomly pick companies to check.
Pretty small scale with around 500-600k annual revenue as well. Only setup in the Seychelles for taxes.
Going by what I have heard back so far it doesn’t sound targeted and more like they randomly pick companies to check.
Might be some hosting you've sold to someone dodgy... US Gov is really going on the cyber hunt.
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