It is of utmost importance for all those organizations or companies that are constantly searching for the best investment opportunity or where to develop or expand their businesses, what are the characteristics, requirements, and conditions of the country where they consider making such investments.
This article will clarify everything related to this topic and clarify the steps that allow obtaining a Forex trading license in Seychelles.
First of all, we must know in depth the benefits of this country; it is decisive to know that the Seychelles are an independent democratic republic and an established offshore financial center. It has been considered in recent years as an incredibly financially stable nation, in addition to having the highest per capita income in the region. It should be noted that it is part of the British Commonwealth. It is essential to know that the dollar is welcome, and the banking sectors are friendly to the US dollar.
It is covered by the Seychelles Securities Law of 2007, which generates a legal framework for the provision of Securities Dealers Services. The license allows you to trade in securities as a principal (own account) or as an agent (on behalf of your clients).
The regulatory authority is the Financial Services Authority (Seychelles) – FSA.
This license is highly beneficial to organizations around the world that trade. So, the Forex financial firms licensed in Seychelles are not only trusted and secure, but also advantageous and favorable for any trader. It is important since the license generates added value that will allow you to attract more customers. It will give your regulated company or organization more prestige and credibility!
The license is granted within a few months of applying to the FSA. This approval time is extremely fast and allows you, as a business owner, to calculate and prepare your existing customers without hassle or tassel.
They have endeavored to build and design a sector that presents the best financial services, which have allowed projecting the nation as an unbeatable offshore destination. Its favorable offers include the Seychelles Forex License.
Seychelles does not offer income tax abroad and offers streamlined and profitable business training. It should be noted that the country’s judicial system is designed to discourage the registration of foreign sentences.
For all the above, we can determine that this license is one of the most coveted offshore forex licenses available…
Conditions for companies or organizations that want to get a company in Seychelles:
- Application: The application must be completed accordingly and any additional documents provided according to the specifications.
- Information change: The data found in the application can be modified after the corresponding notification to the Securities Authority.
- Renewal: Investors who open a company in Seychelles and apply for a license can renew it as long as the annual fee is paid.
- All documents must be issued in English and be fully notarized and apostilled.
- Display: All licensees must display their license at their place of business in Seychelles.
- License time: approximately 3 months.
- Capital requirement: $50,000 low capital required/no capital blocked. That amount must be kept in a bank account in Seychelles and can be withdrawn as soon as the license is issued. It can be used to build the company, infrastructure measures, etc.
When submitting an application, the following documents must be submitted:
Financial statements: the company’s audited financial statements for the past two years; an exception is made when the company joined in the last 12 months.
Questionnaire: issued by the Securities Authority, completed by the directors, shareholders, and beneficial owners of the company.
Information: complete information about the company, name, registered office, place of incorporation, complete address, etc.
What you get when you get a license:
- Fiscal structure: Zero percentage tax (0%) on offshore profits.
- The holding company is very similar to a bank, such as the creation of its own related products and the capture of customer deposits.
- There are no restrictions on the number of clients to accept.
- You can offer your products or services on your website.
- They belong to the IBAN Network, where clients will benefit from transfers to their new accounts (which will be kept with their company) simply by using IBAN and SWIFT / BIC in their transfer forms.
- A personal visit to Seychelles is not necessary. All forms and applications for bank accounts, access for online banking and credit card can be provided by email.
For all the above, do not hesitate any longer! You will find the best opportunity to grow your capital, with the best conditions and the best benefits in Seychelles.