Forex license in Seychelles — Gofaizen & Sherle
Cookie Preferences
By clicking "Accept", you agree to the storing of cookies and similar technologies on your device to enhance site navigation, analyze site usage, offer certain functionalities and assist in our marketing efforts. Strictly necessary cookies are always active.Read the cookies policy

Forex license in Seychelles

Sеychelles jurisdictiоn is becoming more and more pоpular for brоkers and investоrs from all over the world due to the soft regulation, transparent corporate policy, loyal taxation, and relatively low costs. If you would like to obtain a Seychelles Forex license - Gofaizen & Sherle will assist you with every step of the way with a guaranteed turnkey solution

Explore

Forex license in Seychelles, issued by the FSA (Seychelles Financial Services Authority) allows brokers tо perform financial operations, trade securities themselves, or act as an agent.

The special authorization for securities services is controlled by the stаte regulator based оn the Securities Act 2007. Companies registered in the country need to have this certificate for legal activities: to provide services on the web, to work in the field of securities (sale, purchase, exchange) and perform transactions, to provide brokerage services, portfolio management, and to provide advisory services.

Request more information about Seychelles Forex License

Obtaining a Seychelles brokerage license does not cause any special difficulties and is one of the most advantageous investments in comparison with other jurisdictions. The amоunt оf the state fee is $6,300. The minimum authorized capital requirement is $50,000. You cаn usе it for the benefit of your company, for exаmple for infrastructure development.

In addition, the process of obtaining a license only takes up to 90 days.

Advantages of a Forex license in Seychelles

  • Transparent regulation and loyal attitude to foreign companies and investors;
  • Flexible application policy and no unnecessary requirements that affect the Seychelles forex license issuance period;
  • Corporate tax in Seychelles is only 1.5% of the total income of licensed companies;
  • There are no other tax obligations;
  • Licensed companies receive enhanced privacy guarantees;
  • Access to personal IBAN and SWIFT of the company for clients;
  • No limit on the number of clients;
  • Low financial costs compared to other jurisdictions;
  • Share capital requirement - $50,000, state fee up to $6,300;
  • Relatively fast application processing time - up to 3 months.

Requirements for obtaining a Forex Broker License in Seychelles

  • It is necessary to register a company in the Seychelles with a share capital of $ 50,000;
  • Appointment of 2 directors and 2 shareholders. Each of them must prove professional suitability and provide proof of ideal reputation;
  • Presence of a local office;
  • Compulsory appointment of a Seychelles brokerage license representative, a regulatory compliance officer, and a legal advisor;
  • Availability of company insurance;
  • Appointment of an auditor approved by the regulator no later than one calendar month after the licensing;
  • Regular financial reporting and auditing of the company;
  • Timely payment of state fees.

Process of Getting a Forex license in Seychelles

Step 1

Register the company

You need to register your company at the local Registry and pay $50,000 in authorized capital. At the time of incorporation, you must have a leased local office

Gofaizen & Sherle will help you gather the documents and enter the company in the Registry with a positive result.

Step 2

Opening a corporate account

Along with the registration, you will need a company account at a local bank. This account will be used for the depositing of the share capital during the licensing process, as well as for the further operation of the brokerage company.

Step 3

Documentation Preparation

You need to fill out an application form and submit it together with a package of documents, which include certified copies of the directors' passports, the company's articles of association, proof of office lease and opening of a bank account, and documents on the shareholders and directors.

It is recommended to contact Gofaizen & Sherle to ensure that the correct documents are prepared on time.

Step 4

Filling out the application form

You need to read the sample licensing application form on the regulator's website and make sure you have all the information you need to fill it out.

Step 5

Submitting the application

Along with submitting your application to the FSA, you need to pay a state fee of $6,300.

You may be denied a Seychelles Forex brokerage license if:

  • you have not deposited equity in a bank account at the time of application
  • you did not pay the state fee
  • you have not met the requirements of the regulator

If you are denied a license, the state fee is non-refundable.

Gofaizen & Sherle will help you to fill out the application with all the requirements of the jurisdiction for a positive response.

Step 6

Obtaining a license

If all of the above steps are completed correctly, the FSA will approve the license. The application takes up to 3 months to be processed. If you have not submitted a complete package of documents, the regulator may ask for additional information.

Connect with our experts

Our experts will tell you how to do it as quickly and easily as possible

arrow
+372

By clicking the button, I confirm that I have read the privacy policy and consent to the collection and processing of my personal data in accordance with the GDPR rules.

José Augusto Estigarribia

José Augusto Estigarribia

Associate, Key Account Manager

Fedor Cid

Fedor Cid

Senior Associate, Consultant

close
Message sent successfully
We will read your message shortly. And we will try to answer you as soon as possible.

Explore other Forex Licenses

Forex license in Mauritius
Forex license in SVG
Forex License in Vanuatu
Forex license

Documents for obtaining a Forex license in Seychelles

Documentation required to obtain a securities dealer's license in Seychelles includes:

  • License Application Form;
  • Completed personal questionnaires by the directors of the company;
  • Copies of documents of all directors and shareholders which prove their identity;
  • A receipt, which confirms the payment of the state fee of $6,300;
  • Copies of corporate documents: articles of incorporation, memorandum, certificate of the Registry;
  • Notification of the place of custody of the Register of Securities and written notification of the representative as required by law;
  • Copy of the insurance of the company;
  • Certificates confirming the absence of criminal records of the founders and shareholders of the company;
  • 2 copies of professional references certified by the notary;
  • Utility bill (certified copy or the original);
  • Bank statement confirming the existence of a corporate account;
  • A professional resume confirming work experience in the financial sector.

All documents must be not older than 90 days, certified and, in some cases, may require an apostille and translation.

Regulation of Forex license in Seychelles

Seychelles`' autonomous regulatory body, the Financial Services Authority (FSA), is responsible for the licensing and supervision of non-bank financial services. Established under the Financial Services Authority Act 2013, the FSA regulates various activities including insurance, investments, fiduciary services, international trade, and gambling. It is also responsible for the registration of international business companies in the Seychelles.

The FSA replaced the Seychelles International Business Administration Act of 1994 (SIBA) in 2014 to provide greater transparency and regulation of financial services. The body works to maintain investor confidence by updating the regulatory framework and improving its reputation.

The FSA has the power to regulate and supervise licensees, as well as to develop appropriate mechanisms for the effective management of financial services in the Seychelles.

The Securities Act 2007 sets out the regulatory framework for brokerage and other forms of securities trading in Seychelles. It obliges all brokerage firms to obtain the relevant license from the Financial Services Authority (FSA).

The Act also defines the norms and standards to which brokers must adhere, including capital requirements, reporting, company operations, as well as client protection regulations. This ensures transparency of operations, market integrity, and protection of investor interests.

In addition, the law provides for a system of supervision and control of compliance with the rules and regulations, which includes possible inspections of brokers for compliance with the law.

FAQs About a Seychelles Forex License

Is forex trading Legal in Seychelles?

Yes, trading Forex in Seychelles is legal if you have the appropriate license.

What is the share capital for registering a company in Seychelles to get a Forex license?

The minimum share capital for registering a company in Seychelles for obtaining a Seychelles forex license is $50,000.

How long does it take to obtain a Forex License in Seychelles?

The process of obtaining a Seychelles brokerage license takes less time than in other jurisdictions and may be up to 90 days.

Why is Seychelles the Best Place to Get a Forex License?

Jurisdiction is attractive for obtaining a forex license in Seychelles, due to its transparent regulation and open policy towards foreign companies. The flexible application system minimizes red tape, low corporate tax of only 1.5% and low financial costs make the market very competitive.

How much does a Forex license cost in Seychelles?

The price for a Seychelles Forex license with our support is individually tailored to your request and can be about 46,300 USD, including all government fees and professional services.
skypephonetelegramemail
close
Message sent successfully
We will read your message shortly. And we will try to answer you as soon as possible.
mailCONTACT
skypetelegramemailphone