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.

• 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.

Seychelles provides a variety of licenses to operate in the forex and related financial fields. These licenses are issued by the Seychelles Financial Services Authority (FSA), which allows companies to conduct their business while complying with established regulatory standards.

The nature of your business will determine your choice of forex license in Seychelles, the volume of transactions, and the resources available:

• A dealer license allows companies to buy and sell financial instruments, including foreign exchange contracts, for the benefit of clients. This Seychelles forex license covers trading, brokerage, and market making.
• An investment advisor license allows companies to offer investment advice to clients, such as forex advice, strategic currency trading, and investment advice.
• A Specially Licensed Company License (CSL) suits various activities, including forex trading.
• Companies that trade forex use the commercial company license (IBC), providing a flexible model for various international business initiatives.

IBC is a standard business form in Seychelles, which many foreign investors choose. Data on owners, managers, and shareholders of Seychelles IBC remain secret and unavailable to the general public. At the time of IBC registration, disclosing information about the real owners is not required. Only a licensed agent associated with the company knows this information. The only publicly available documents are the Memorandum and Articles of Association. This structure is chosen by those who seek privacy and data protection.

Requirements for IBC companies:

A minimum of one shareholder is required and may not be resident in Seychelles.
At least one director (not obligatory a Seychelles resident and may also act as a shareholder).
The company must have an official local office to receive letters and handle administrative and legal matters.
IBCs, for the most part, cannot operate within the jurisdiction as they are focused on international business outside the territory.
Annual payments are necessary to maintain the status and image of the company.
Duty to keep records of finances, meetings, and other corporate documents.
The process of establishing an IBC in Seychelles:

Step 1: Name Selection

Considering local regulations and restrictions, decide on a unique name for your future company.

Step 2: Establish a local registered office

Choose and indicate a legal address in the application form as the Seychelles correspondence address.

Step 3: Document preparation

Compile all the necessary documents that will be required for the registration process.

Certified Memorandum of Association of the company.
Notarized Articles of Association of the company.
Copies of passports of the participants and managers, certified by a notary.
Documents proving the residential address of the managing directors.
Statement of compliance with the local laws of Seychelles.
Confirmation of the director’s willingness to fulfill his duties.
The shareholders passed a formal resolution.
Details of the sources of funding.
Shareholders’ rights statements confirming shareholding in the company.
If necessary, a power of attorney for a representative acting on behalf of the company on incorporation.

Step 4: Technical Setup

Provide your business with the appropriate forex equipment and programs.

Step 5: Pay registration fees

Specify and pay all the state registration fees associated with setting up your company.

Step 6: Register your company

Submit all the prepared documents to register your company with the relevant authority officially.

Step 7: License Application

Apply to the FSA for a Seychelles Forex Brokerage License to operate in the forex market.

Step 8: Bank Account

Once the license is in hand, open a corporate account with one of the local banks.

Obtaining a Seychelles forex license entitles you to:

Participate in transactions with shares on the stock market;
Function as an intermediary in securities transactions based on purchase and sale orders;
Administer investment assets on behalf of the customer;
Enter into contracts for stocks, futures, and other financial assets.
The Seychelles Forex brokerage authorization allows your business enterprise to advise on allocating funds in securities, generate, analyze, or create reviews on specific financial instruments, and administer investment resources.