Seychelles Forex Brokerage License

Seychelles Forex Brokerage License
Seychelles Forex Brokerage

Brokerage, including Forex, CFDs and Derivatives business activities are highly regulated. Now if a company offers Forex Brokerage services to its clients (Corporate or Personal), the company must be issued with a Seychelles Forex Broker License. Further, international banks will not accept account applications from unlicensed companies unless companies or individuals trade own funds only.

This License can be useful for Brokerage firms, mutual or hedge funds who may have clients wishing to invest in securities which may not be permissible or must comply with onerous and costly compliance of their resident jurisdiction. Such investments can be done through an entity incorporated in Seychelles licensed to carry on Securities dealing business thereby bypassing these constraints legally.


bullet Why Should I Pick an Offshore Jurisdiction?

Obviously, all jurisdictions, both onshore and offshore, have the ability to grant a Forex Broker License to qualified applicants. Generally, onshore jurisdictions impose much higher capital requirements on applicants and consequently, the costs of setting up in those jurisdictions are very high when compared to some of the offshore financial centres.

Offshore jurisdictions offer many interesting possibilities because:

  • The Securities Dealers License in Seychelles allows you to buy, sell, trade securities such as shares, bonds, options, forex, etc and manage a portfolio of investments for and on behalf of your clients.
  • Many will allow a Forex Brokerage to operate free of tax on profits.
  • Seychelles has become increasingly popular among Forex Brokers and CFD Brokers

In our professional opinion, the best jurisdiction today to Incorporate a Company and obtain a Forex Brokerage License at a reasonable cost with reasonable capital deposit requirements is Seychelles without any doubt. Seychelles also offers low registration costs and rapid approvals. It is no surprise that the Seychelles regulation has become so popular among Forex Brokers.


bulletSeychelles Forex License Cost

Our package includes everything you need to set up and operate an online Forex Brokerage with a Seychelles Forex License. Please contact us for a detailed proposal outlining all the costs, fees and requirements.

As one of the world leaders in acquisition of Seychelles Forex licenses, we offer a full range of corporate services in Seychelles including license application services and annual support.

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bullet Seychelles Forex Broker License Timeline

How long it takes to get your Seychelles forex brokerage license will largely depend on whether you submit all the required documents correctly and promptly. As a standard, the approval process takes between 8-12 weeks, once all paperwork has been submitted. This can vary depending on the workload of the authority and any additional requirements.

You may also find that you are asked to submit additional documentation to support your application. As a general rule, we would recommend pencilling in 12 weeks from the submission date, until the license is in hand.


bullet Seychelles Forex Broker License Application Process

The application process for your Seychelles forex brokerage license is split into four phases.

bullet Phase 1 – Collection of information


In this stage, Fast Offshore will conduct due diligence and KYC checks on you as our client. This includes checking your passport, proof of address, source of funds, conducting a background check, and verifying your suitability to run a forex brokerage. We will also run checks on other stakeholders as and when necessary. During this phase, we will also check that your preferred business name is available at the Seychelles Registrar of Companies.

bullet Phase 2- Prepare the application


Upon entering phase 2, we will begin the process of filling in all application forms and other documents relating to the application. Fast Offshore will handle most of it, reverting to you where needed. Further, necessary document compilation and drafting will be handled at this stage, including the Memorandum and Articles of Association or M&AA. We will then review all documents before filing them with the authorities.

bullet Phase 3- Filing the application

Once we are confident everything is completed and ready, we will file the application with the authorities. At this stage, the applicable fees must be paid in full.

bullet Phase 4- Follow up


Fast Offshore will then continue to liaise with the authorities for all matters relating to the application until an outcome has been decided upon.


bulletSeychelles Forex Broker License Requirements

The Basic requirements are:

  • Domestic Company formation in Seychelles
    First, we need to incorporate a domestic Seychelles company with a share capital of US$50,000. The company must have at least two (2) shareholders and two (2), directors. A person can act both as a shareholder and director of the company. The incorporation takes around 2 weeks.
  • OfficeMandatory – Fully furnished office fit for FSA approval – as the FSA need to see that the company has an operating presence in Seychelles, and will visit the office. The office includes the following services: Rent, electricity, water, active phone number, cleaning and basic internet.
  • Compliance officer Mandatory – Compliance correspondence with FSA and record keeping.
  • Security Dealer License Representative Mandatory – We can appoint the more qualified director as the Securities Dealers License Representative of the company.
  • Professional Indemnity Cover – Mandatory. You can either arrange it by yourself or we can arrange it for you through our insurance provider.
  • Legal advisor – Mandatory.
  • Preparation of Annual Financial Statements – Based on the number and nature of transactions
  • Auditing services – Based on volume and number and nature of transactions

* All monthly fees are paid upfront every 6 months

bullet Required Documentation

In order to qualify, all the following documents are required for any and all Directors/Officers, Shareholders and Beneficial Owners. They must not be older than 3 months:

  1. Police Clearance Certificate – Certificate to ensure that there are no criminal records
  2. Declaration of no history of Bankruptcy
  3. Certified Passport Copy
  4. Original or Certified Copy of Bank Reference Letter
  5. 2 Certified copies of Professional Reference Letters
  6. Original or Certified Copy of utility bills
  7. Resume / CV outlining experience in Forex Brokerage Activities and Qualifications warranting issuance of a license.
  8. Information on who the target audience and market will be.

These documents should be no older than three months and should be certified, and in some cases, apostilled and translated to English.


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Since 1998 we have assisted our clients in applying for and obtaining Licenses in Seychelles and many other jurisdictions around the world, making us the proven experts in the FX brokerage field. Let us help you every step of the way, your business is important to us and we guarantee professional service. Contact Us today to become a client and get your Seychelles Forex Brokerage License now!

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