
The
Financial Services Authority in Seychelles oversees the activities of
financial institutions in the insular state under a set of laws and with several responsibilities among which licensing of non-bank institutions. Because this jurisdiction offers a multitude of opportunities for businesses and has a favorable tax regime, investors can easily
set up offshores in Seychelles, a matter where our
company formation agents in Seychelles can provide assistance.
Licensing the financial business in Seychelles
Seychelles is the proper destination for establishing
offshore companies, and several other entities to perform financial activities. One can establish
non-bank institutions like:
• insurance firms;
• currency exchanges;
• brokerages;
• investment companies;
• saving and loans;
• credit unions.
Such
financial entities can be established by foreigners in
Seychelles under complete control of the
Seychelles Financial Services Authority which issues the
licenses for such companies. In this sense, the owner of a
non-bank financial business must provide information about the purpose of the company, the business address in
Seychelles and information about the type of activities of such firm as soon as the firm was registered. The documents preparation in this case can be supervised by our
specialists in company incorporation in Seychelles.
The activities of a non-bank financial institution in Seychelles
Financial institutions not related to the
banks in Seychelles can facilitate the business climate by providing financial support for entrepreneurs. Moreover, they can borrow money from banks at proper interest rates and then can sustain small
businesses in Seychelles whether local or from abroad. Even though such institutions do not have the same financial support as banks, they represent a successful business form adopted by many foreigners who want to
set up companies in Seychelles. Additionally,
non-bank institutions can operate as multi-branches in the insular state and can serve in varied types of investments.
If you want to know more about the
licensing for financial services in Seychelles, please do not hesitate to
contact our
team of company formation representatives in Seychelles.