Immovable Property (Transfer Restriction) Act (Cap. 95). Country/Territory Seychelles Document type Legislation Date 1963 (1994) Source FAO, FAOLEX Subject Land & soil Keyword Transfer Ownership Foreign land tenure Contract/agreement Offences/penalties Geographical area Africa, Eastern Africa, Indian Ocean, Small Island Developing States Abstract This Act concerns restrictions on sales and leases of immovable property to persons who are not citizens of the Seychelles. Lease or purchase by a non-citizen requires permission of the Minister. In considering such permission, the Minister shall take into consideration specified criteria including if purchase is in the interest of Seychelles. A transaction carried out without the sanction of the Minister shall be unlawful and void and rights that were subject of the transaction shall be forfeited to the Republic. The Act also sets out certain clauses that shall be included in a lease or sale and purchase agreement. Full text English Website www.seylii.org References - Legislation Implemented by Immovable Property (Transfer Restriction) Fees Regulations (Cap. 95). Legislation | Seychelles | 1974 (2014) Keyword: Transfer, Ownership, Foreign land tenure, Royalties/fees Source: FAO, FAOLEX