Obtain Forex Trading Licenses in Seychelles

Forex (FX) is short for foreign currency exchange, the process of exchanging currencies for commerce or trading or other personal purposes. The foreign exchange market is not a centralized one; rather it is performed by traders around the world. Where these licensed traders may open a company can largely depend on the jurisdiction’s taxation principles.

 

The forex trading license is normally used by brokers and companies which activate in the business of trading foreign currencies. Because the foreign exchange market registers fluctuations on a daily basis, this can represent a profitable occasion for offshore companies in Seychelles expand their assets. Obtaining the forex trading license involves a simplified process, a matter where our specialists in company formation in Seychelles can provide information. The same team of advisors can help foreign business persons establish offshores in Seychelles.

 

 

To perform operations on the foreign exchange market, a forex trading license is necessary under certain conditions. For instance, if a company is registered in Seychelles and has brokerage business activities in the insular state, then such license is mandatory. If all operations are outside Seychelles even if the company is registered in this country, then there is no need for a license in this matter, especially if the operations are in a state where a forex trading license is not imposed. Please consider that the following matters are the main steps involved in a forex trading license application:

 

•    register a company in Seychelles with at least 2 shareholders, 2 managers and a minimum share capital of $ 50,000;

•    apply with the Seychelles Financial Services Authority for a forex broker license;

•    set up a corporate bank account and deposit the minimum share capital.

 

We remind that the company registration process in Seychelles is subject to a fast incorporation regardless of the home country of the business person interested in this jurisdiction.

 

Regulations for forex trading company licensing in Seychelles

• • the application: the application for is to be filled in accordingly and any additional documents provided as per the specifications. 
• • information change: the data included in the application can be changed following a proper notification to the Securities Authority. 
• • renewal: an investors who open an offshore company in Seychelles and applies for a securities license can renew it provided that the annual fee is paid.
• • display: all license holders are required to display their license at their place of business in Seychelles.

1. Accounting statements: the audited financial statements of the company for the last two years; an exception is made when the company was incorporate din the last 12 months;
2. Statements for the controlling owners: the most recent audited financial statements for the controlling owners of the company that is applying, when applicable;
3. Questionnaire: as issued by the Securities Authority, filled in by the company directors, shareholders and beneficial owners.
4. Information: complete information on the company, the name, registered office, place of incorporation, complete address, etc.

 

 

The Seychelles Financial Services Authority oversees the financial sector in the insular state, including the brokerage activities for which a forex trading license is necessary. In this sense, one should, first of all, registers a Special License Company (CSL), a necessary status to perform businesses in the financial sector under a forex trading license. Moreover, a company in Seychelles which obtained the CSL can offer advice to foreigners interested in the stock, securities, and forex investments.

 

Investments in Seychelles 

• - foreign direct investments in Seychelles increased by approximately 3.7 million US$ in Q2 2018.
• - according to the Seychelles Investment Board, the 2018 forecast was around 139.2 million US$ and this amount was surpassed by 14%, to an actual foreign direct investments inflow of 158.5%.

 

In matters related to forex trading license and offshore registration in Seychelles, we suggest you contact our team of company incorporation consultants in Seychelles for comprehensive assistance and support.