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SYC-1995-L-42541
Breadcrumb
Title_of_text
Economic Development Act, 1995 (No. 20 of 1995).
Main Region
First Region
Country(ies)
Seychelles
Subjects (Classification)
Economic and social policy
Adopted on (Date of text)
1995-11-27
Scope of text
National
Type of legislation (Type of text)
Law, Act
Second Region
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 region
Repealing text(s)
2000-08-02 (SYC-2000-L-57271)
Economic Development (Repeal) Act, 2000 (No. 9 of 2000).
Repealing text(s)
2000-08-02 (SYC-2000-L-57271)
Economic Development (Repeal) Act, 2000 (No. 9 of 2000).
Serial region
Serial title
Official Gazette, Supplement
Date
1995-12-04
Page range
pp. 275-282