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Seychelles (299) > Economic and social policy (10)

Name: Economic Development Act, 1995 (No. 20 of 1995).
Country: Seychelles
Subject(s): Economic and social policy
Type of legislation: Law, Act
Adopted on: 1995-11-27
Entry into force:
Published on: Official Gazette, Supplement, 1995-12-04, pp. 275-282
ISN: SYC-1995-L-42541
Bibliography: Official Gazette, Supplement, 1995-12-04, pp. 275-282
Abstract/Citation: Establishes an Economic Development Board for the purpose of approving investors and granting concessions and incentives to potential investors. Investors shall invest no less than 10,000,000 U.S. dollars (s. 5). Concessions and incentives which the Board may grant include immunity from prosecution for all criminal proceedings whatsoever, except those arising from acts of violence or drug trafficking in Seychelles (s. 7). Furthermore, no bill seeking to amend or repeal this Act shall be presented to the National Assembly unless approved of by a referendum with not less than sixty per cent of the vote. Such a bill shall not be passed by the National Assembly unless two-thirds of its members are present and voting at all stages of the approval process.
Repealing text(s):

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