Eternity Law International — News — Crypto license in Seychelles

Crypto license in Seychelles

Published:
January 10, 2024

Seychelles is located on the shores of the endless azure expanses of the Indian Ocean. In addition to the fact that the islands are known throughout the world for their attractiveness as a tourist and recreational center, the Seychelles are quickly becoming a progressive and prosperous stronghold of crypto-business. This trend towards transforming the islands into a crypto-hub is largely driven by favorable local policies that are pro-business and encourage commercial expansion and innovation. About 20% of all world crypto-exchanges are registered here. Next, we will look at the main features of the industry in the country, the procedure for obtaining this type of permit and other details.

Our company offers highly qualified professional assistance in general establishment and licensing of companies. We also have an extensive list of ready-made licenses for sale, in particular, EMI in Lithuania, gambling permit in Malta, crypto-permit in Estonia and much more.

Regulation and position of cryptocurrency in Seychelles

The main factor that contributes to the influx of crypto-companies to the Seychelles is the incredibly well-formed and attractive tax structure. In addition to tax privileges, capital holders are also attracted by a very clear and clearly defined regulatory framework.

Currently, the use of crypto-currencies such as Bitcoin, Etherium, Litecoin, Dogecoin, Tether, Cardano, USDT, XRP and Monero is legal in the Seychelles. However, these digital currencies are not recognized by the government as legal tender, meaning that they are not officially used for trade or other commercial activities in the country. But, in order to be able to offer consumers any services related to crypto-currency, the firm must obtain an appropriate license, which must be issued by the local regulatory authority.

There are no specific laws or sanctions related to the use or trading of crypto-currencies in Seychelles. However, general financial laws and regulations still apply to crypto-transactions. Any illegal activity, such as fraud and facilitating the illicit circulation of funds using crypto-currencies, is punishable in accordance with the current legislation of the country.

Seychelles measures to ensure transparency and strict enforcement of AML/CFT policies

Currently, government authorities are taking every step to tighten controls over the industry. To some extent, this is due to the fact that the number of complaints against registered crypto-platforms has been increasing. The complaints included, among other things, allegations of fraudulent transactions and concerns regarding the overall security of crypt-trading on the islands.

As such, local government authorities have adopted sweeping changes in terms of law regarding the crypto-sector in order to bring it in line with global regulatory standards. The regulator and government have demonstrated their commitment to ensuring the transparency and integrity of the crypto-industry by establishing strict financial guidelines designed to combat illicit cash flows and the injection of funds in support of terrorist activities.

The introduction of mandatory licensing requirement norms for firms dealing in crypto-currencies marked a turning point in the Seychelles approach to the overall regulation of the crypto-asset environment, eliminating many of the regulatory shortcomings previously observed in the jurisdiction. Thus, Seychelles has become one of the modern crypto-centers, attracting hundreds of capital holders from all over the world.

Our team is ready to provide you with comprehensive assistance in obtaining a crypto-license in this jurisdiction, as well as other permits. In particular, we have ready-made EMI-licenses in Switzerland, Sweden, Denmark, Germany and other countries.

Advantages of a crypto-license in Seychelles for entrepreneurs

This jurisdiction offers the following beneficial advantages for interested capital holders.

  1. Favorable regime for paying taxes.
  2. Flexible, however, strict and clear regulatory parameters regarding the administration of the enterprise.
  3. Stable political and economic environment.
  4. Availability of a large number of skilled workers resources.

Taxation of crypto-firms in Seychelles

Within the jurisdiction, no special taxes are levied on capital gains on transactions involving crypto-assets. However, tax rules may change as governments around the world in general and local governments in particular continually adapt tax systems for digital assets.

Dividends, interest, royalties or other payments made by Seychelles firms will be exempt from tax if calculated from income received outside the islands.

Crypto-licensing requirement basis and general procedure

Both local and foreign companies have the opportunity to obtain a crypto-license in the Seychelles. In the case of a foreign company, if necessary, it is possible to open a local branch, and the process of registering a new firm does not exceed 24 hours. The applicant intending to get this permit will need to provide the regulator with the following documents to obtain a crypto-license.

  1. Correctly completed application form.
  2. Detailed business-plan.
  3. Documentation relating to all directors and owners of the firm.
  4. Anti-Money Laundering Policy Guide.
  5. A complete description of the service range the firm offers.
  6. Copies of firm registration documents confirming their legality.

If the organization has already engaged in similar activities, financial statements will be required. 

With regard to guarantees provided by payment of initial capital, the regulator allows this norm to be met by paying the full amount in cash. Alternatively, you can seek help from local insurers who offer this service in exchange for a fee. 

Obtaining a crypto-license in the Seychelles requires compliance with certain conditions.

  1. Organizational structure. Firms must register locally and appoint a minimum of two directors with residency. The firm must be physically present in the jurisdiction and have a local representative.
  2. Development and implementation of effective AML/CFT policies, as well as procedures for conducting due diligence on clients and monitoring ongoing transactions.
  3. Development and implementation of strict technical and operational standards for the functioning of the firm. This includes, but is not limited to, security measures to protect customer assets and data.
  4. Ensuring that staff meet the criteria for appropriate professional status.

Price of getting this permit is calculated individually. We’re ready to give estimated cost prior to entering into cooperation. 

Why do you need to contact our specialists?

Our team of professional lawyers provides an extensive range of services for quick licensing while minimizing the cost of your resources. We offer the following.

  1. Consulting and practical assistance in selecting the optimal legal form for establishing a firm in any jurisdiction around the world.
  2. Direct establishment of a firm.
  3. Preparation of documents for submission to the local regulator.
  4. Filling out the application and providing support throughout the entire process.

We also offer other licenses for sale, such as PSP-license in Spain, Forex and gambling permits in hundreds of jurisdictions. Our professionals will provide you with comprehensive and comprehensive support, guaranteeing the most effective results for you.

Businesses for sale

Bahamas license for sale

North America, Bahamas Forex brokers
License type: securities dealer/market maker. Established: 4+ years ago. Licensed: 3+ years ago. Head office location: Shanghai, China. Banking Institution: the company has a local corporate account with several separate accounts. Availability of MT4 or other systems: no. Capital: 300 thousand $. Current status of the company: the company is active, but not functioning. The...

Crypto License in Estonia for sale

Europe, Estonia Crypto licenses for sale
Crypto License in Estonia is offered for sale  License since 2019 (crypto) Clean company Legal Help with the change of control Opened bank account with PI Asking price for Crypto License in Estonia: on a request. Details: nick.b@eternitylaw.com, Telegram @beihuln Please feel free to join our telegram channel in order to keep updated on the new...

Crypto license in Lithuania for sale

Europe, Lithuania Crypto licenses for sale
Below you can see the information regarding the ready-made company with crypto license and bank account in Lithuania for sale This company with crypto license in Lithuania for sale – whats included: License: cryptocurrency and wallet exchange operator. The company has the right to provide cryptocurrency wallet services, exchange cryptocurrency for fiat or vice versa and...

You could be interested

Company registration in Germany

By registering an organization in Germany, any business-person will be able to bring it to the international arena in the shortest time possible. Jurisdiction features Persons who are not residents of Germany or other states of the Eurozone can establish their own project only as a capital community, namely: Legal features of the registration of...

Fintech business in Estonia

Current high-tech solutions are foundation of today’s financial scope and the information community. Fintech business in Estonia is a commercial area being rapidly expanding and becoming more popular every day. Estonian Fintech-representatives have 20+ of expertise in developing functional programs from the ground up. Services offered on the Estonian market combine user-friendliness and innovation. Main...

Investment Opportunities in Dubai 2025

Dubai continues to shine as an indisputable destination for global investors. Alongside the ups and downs of the international economy and some recent geopolitical uncertainties, the city has maintained an extremely high pace of development. As 2025 kicks off, Dubai is putting forward a broad mix of promising investment paths in diverse industries such as...

EMI license in Belgium

The financial landscape is undergoing rapid transformation, with E-Money Institutions (EMIs) playing a pivotal role in reshaping our approach to financial transactions and sales. Belgium, frequently referred to as the “Fintech Epicenter of Europe,” stands as a symbol of innovation within the financial sector. One of the driving forces behind Belgium’s burgeoning fintech sector is...

Company registration in Iceland

Icelandic jurisdiction offers to register a company in one of the following forms: Private limited liability company Public organization with limited liability International Trade Company – ITC International Trade Organizations are usually established for carrying out investment and trading activities outside Iceland. Such a company can be opened both as a private society and open....

Forex license in Thailand

Organizations dealing with securities weren’t earlier allowed to implement purchases, vends or exchanges of foreign currencies directly with customers, as it was impossible to license it. Due to the increasing popularity of investing in foreign currency-markets, Thailand’s regulators created new regulations giving securities-companies possibilities to apply for permission for foreign exchange-operations. Forex license in Thailand...

Related posts

Seychelles Authorised Crypto Companies

The rise of technology-driven finances has transformed cross-border finance, creating fresh prospects for organisations and financiers. In this dynamic landscape, this state has claimed itself as a prime direction for raising and functioning with cryptocurrency ventures. Known for its trailbase legislative scheme and commercial-friendly sphere, this region suggests  notable pluses to those seeking to participate...

Ready-made company in Seychelles

The pursuit of acquiring an available company in Seychelles for sale represents a meticulously calculated strategic maneuver employed by entrepreneurs and investors with the intent of expeditiously establishing their foothold on the global business stage. The confluence of factors such as time efficiency, seamless operational proficiency, and an enticing tax framework has indelibly engraved Seychelles’...

Forex license in Seychelles

The FX-interchange market is a global decentralized marketplace for trading currencies. It offers numerous opportunities for individuals and businesses to participate in the lucrative world of currency trading. If you are considering installation a FX brokerage or expanding your existing actions, Seychelles, presents an attractive destination for acquiring a Seychelles Forex licensee. This article will...

Crypto regulation in Seychelles 2023

Legal frames under which crypto regulation in Seychelles is performed, establishes fairly loyal conditions for ICO projects. Here, digital assets are not a currency and are not considered a payment instrument that is offered by financial firms. But at the same time, cryptocoins are more widely used locally. Thus, cryptocurrency is legal in Seychelles and...

Registration of the company in Seychelles

Seychelles consists of one hundred and fifteen islands and islets, which are a real gem of the Indian Ocean. Besides the beautiful nature, it is a real haven for business. Seychelles is a part of the British Commonwealth. This fact determines a highly developed system of international business maintenance. Due to the corporate law, this...

Company registration Seychelles

Registration cost 1.100 Eur Company renewal cost 950,00 Eur Directors number 1 Corporate tax 0.00 % Registered share capital 0.00 Mandatory reporting requirements No Company documents: Seychelles offshore company nominee service documents Seychelles International Business Companies (IBC) are intended for use outside of Seychelles and cannot conduct business in the Seychelles. They are a popular...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank: