Forex Broker License in Seychelles in 2023

Planning to operate as a Forex-broker, it’s necessary to license firms to run business-activities officially permitted and confirmed by local regulatory authorities. Forex-license is needed for brokerage, mutual and hedge funding structures. Seychelles is quite an economically efficient space for Forex-business, thanks to which even novice brokers are increasingly opening firms here.

Our company has been working for many years with establishing and licensing commercial structures on an international level. We interact with hundreds of countries, particularly, we assist in getting a Forex-license in the UK, Hong Kong, Mauritius and other countries. Our lawyers have extensive professional knowledge and expertise. It guarantees high-qualified interaction and effective results for our clients.

Seychelles Forex broker licenses requirements

Forex license Seychelles requires obligatory correspondence with a certain number of rules and regulations.

1. The presence of office-premises on islands. It’s necessary to confirm the real presence locally.
2. Presence in the company’s staff of workers responsible for meeting standards and normative points put forward by the FSA – the local regulatory body. The director can perform this function.
3. Paid up capital from $50,000.
4. The presence of a separate bank account for storing client funds.
5. Organizations must take out social insurance for staff, which will be a guarantee of security.
6. Fully-formed annual financial and audit reports.

To apply for such permit in Seychelles, businessmen need to give FSA a complete documentation package:

• details of beneficiaries and directors;
• proof of no penal records and full commercial insolvency;
• copies of applicants’ passports confirmed by an authorized notary;
• recommendations from banking institutions;
• originals of utility bills to confirm local presence;
• resumes that describe expertise in field of Forex-brokerage;
• planned target clients and market coverage;
• organization formation agreement and Statute;
• registers of shares and directors;
• a document confirming organization to possesses perfect image in its industry (if the company is more than a year old);
• confirmation of the legality of the source of funds.

Each certificate must be issued no earlier than 90 days before application. Additionally, documentation must be translated by an authorized notary and have an apostille.

With regard to accounting and auditing, next-mentioned is needed.

1. Firms will be demanded to file financial recordings and forms and tax returns within 90 days of the balance sheet being drawn up.
2. Bookkeeping must be kept locally.

Types of Seychelles FX trading licenses

Single type of Forex license Seychelles is provided there. It permits trading in securities in status of principal (at his/her own expense) or an agent (on behalf of clients). In fact, a company licensed its brokerage-business in jurisdiction possesses next-mentioned rights:

• provide advice on investments in securities;
• implement issuing, analysis or creation of reports in relation to particular clients’ securities
• manage client portfolios.

Benefits of Seychelles FX broker licenses 

Consider privileges of jurisdiction over other spaces for firms wishing to launch and officially-license a brokerage-projects here.

1. Quite small cash costs to obtain permission and keep further functionality of organization.
2. Full consideration of applications in 90-180 days.
3. Possibility to get official permits for companies with capital of at least 50, 000 USD.
4. Low fees.
5. Clear criteria for licensees, without any hidden nuances and additional criteria.
6. Ability to open accounts in European banks, work with IBAN and SWIFT transfer systems.
7. Minimum taxes.
8. Strict confidentiality and data security.

Who to obtain Seychelles Forex license 

Businessmen need to pass and successfully finalize each of the next-mentioned steps.

1. Establishment of an enterprise in jurisdiction. It is necessary to possess 2 founders (individuals or other organizations) and 2 directors (without reference to the place of residence). In this case, shareholders can’t be appointed as directors. Company establishment process itself takes approximately 14 days.
2. Next, you should get a package of documentation from company’s owners.
3. Complete all forms for Business Licensing with Regulatory Authority (FSA).
4. Decide on banking institutions and open account, while paying authorized capital. Money must be in the account before applying.
5. You also have to pay the state fees. If organization licensing is denied money is not returned.

Directors and UBOs must pass due diligence prior to submitting documentation. It’s important to check identification, address, sources of income, curriculum vitae, and evidence of competency in the field.

Our specialists will accompany you at every stage of Seychelles Forex license getting, taking care of all the most complex and professional nuances, including interaction with official authority. We assist in getting Forex-licenses in Hong Kong, Vanuatu, Mauritius, Belize and other countries on an international level.

Taxation of Forex-companies in Seychelles

It sets fairly appealing taxes for brokerage-organizations.

1. Corporate tax-rate is 33%.
2. Lack of currency control.
3. Free repatriation of income, dividends and capital.

Our services

Managers and lawyers of our firm are highly qualified professionals who have many years of expertise. We offer a full service range connected with opening and licensing of enterprises engaged in Forex-activities. We operate in jurisdictions globally, providing comprehensive support to our clients at every stage of registration-process.

1. Establishing enterprises anywhere worldwide.
2. Licensing and getting other permits.
3. Completion of documentation.
4. Opening bank and merchant accounts.
5. A wide range of corporate services: selection and rental of office space, hiring employees, reporting, etc.
6. Shelf firms and licenses for sale.
7. Advice on all issues relating to establishment and licensing of firms.

Our company guarantees the efficiency and quality of the service range provided, and will also help you save a lot of time and effort. The lawyers of our firm will be happy to provide you with comprehensive answers to all questions and select the most advantageous licensing variants.

How much are Seychelles FX licenses?

Amount businessmen need to pay depends on a lot of factors, so it is calculated individually for each client. The specialists of our firm guarantee you the maximum optimization of your funds.

Our advantages

We have been offering registration and licensing for firms around the world for many years, so we can proudly call ourselves the best in the field. Clients come back to us every time they want to scale their business or just start moving in some commercial direction.

1. High professional qualifications and extensive specialized knowledge.
2. Long-term presence in the field and sincere commitment to their work.
3. Thousands of satisfied clients in hundreds of countries.
4. An extensive range of services.
5. Focus on the best results in the most favorable terms.
6. The desire to modernize our own activities in accordance with the latest innovative developments.

Ask for help from our specialists, and you will receive the most loyal terms of cooperation. We will help you get a permit to conduct brokerage-activities as quickly and without unwanted hassle.