Crypto License in Seychelles

Set up your crypto business with ease by obtaining a crypto license in Seychelles. Leverage this tax-efficient jurisdiction with robust privacy protections.

Crypto-Licenses

Crypto exchange/wallet license

Company formation

Low-tax company registration

Bank Account Setup

Bank accounts for crypto businesses

Advisory for Crypto Projects

Comprehensive Crypto Advisory

Success we will be touch shortly

Continue

Get in touch today. No obligations.
20-minute free consultation.

500+

crypto licenses acquired

200+

companies registered

20+

client country locations

Looking for a crypto license in Seychelles? Our team offers a free consultation and quick responses to help you navigate licensing options in Seychelles and other jurisdictions. Contact us today to start your journey!

Get a free consultation

Introduction
Benefits of Obtaining a Crypto License in Seychelles
Types of Crypto Licenses Available in Seychelles
Requirements for a Seychelles Crypto License
Steps to Obtain a Seychelles Crypto License
Taxation for Crypto Companies in Seychelles
Regulatory Authorities and Compliance
Frequently Asked Questions
Conclusion

Introduction

Securing a Crypto License in Seychelles has become an increasingly popular choice for blockchain ventures, cryptocurrency exchanges, and digital asset service providers looking to establish themselves in a respected offshore financial center. Thanks to the country’s forward-looking regulatory framework—embodied in the Virtual Asset Service Provider Bill of 2024—Seychelles offers a compelling environment for crypto entrepreneurs seeking flexibility, asset protection, and favorable tax regimes.

In this guide, we break down the benefits, requirements, and steps to obtaining a Seychelles crypto license, as well as taxation and compliance aspects. Whether you aim to set up a cryptocurrency exchange, offer digital wallet services, or handle virtual asset investments, Seychelles provides a robust and business-friendly ecosystem for your venture.

Benefits of Obtaining a Crypto License in Seychelles

Favorable Offshore Jurisdiction: Seychelles is renowned as a premier offshore financial hub. Licensed crypto entities benefit from a pro-business environment that emphasizes innovation and growth, making it ideal for startups and established companies alike.
Attractive Tax Regime: While Seychelles imposes certain taxes on domestic companies, its international business companies (IBCs) can enjoy significant tax advantages. This structure often results in lower operational costs and can enhance profitability.
Rapid Regulatory Evolution: The Seychelles Financial Services Authority (FSA) continuously updates its policies to align with international standards, especially regarding Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT). This means license holders operate under a clear and modernized regulatory umbrella.
Global Credibility: Having a Crypto License in Seychelles signals credibility to partners and investors. The jurisdiction’s improving reputation ensures that Seychelles-licensed crypto companies can gain a competitive edge in the global marketplace.
Flexible Business Structures: The Virtual Asset Service Provider (VASP) framework accommodates multiple business models—exchanges, wallet providers, brokers, and more—allowing you to tailor your license to your unique service offerings.

Types of Crypto Licenses Available in Seychelles

Under the Virtual Asset Service Provider Bill of 2024, Seychelles offers four primary categories of crypto licenses, each designed for specific business activities:

Type A – Virtual Asset Wallet Provider

Ideal For: Companies offering custodial or non-custodial digital wallets and facilitating the safekeeping of virtual assets, including NFTs and tokens.
Key Activities: Safekeeping, transfer, and management of virtual assets for clients.

Type B – Virtual Asset Exchange

Ideal For: Cryptocurrency exchanges looking to enable fiat-to-crypto and crypto-to-crypto transactions.
Key Activities: Conversion, trading, and exchange of digital currencies (including ICO tokens and NFTs).

Type C – Virtual Asset Broking

Ideal For: Businesses acting as intermediaries for crypto exchanges, often referred to as OTC (Over-the-Counter) brokers.
Key Activities: Facilitating trades between buyers and sellers, providing escrow services, and streamlining transactions.

Type D – Virtual Asset Investment Provider

Ideal For: Crypto portfolio managers and digital asset investment advisors.
Key Activities: Managing and advising on crypto portfolios, including ICOs and NFTs, on behalf of clients.

Requirements for a Seychelles Crypto License

To qualify for a Crypto License in Seychelles, your company must meet the requirements set forth by the Financial Services Authority (FSA). While specifics vary based on the license type, common requirements include:

Local Substance: You must establish a physical office in Seychelles and employ qualified personnel who reside locally.
Board of Directors: At least one director must be a Seychelles resident, and there must be at least two directors in total.
Share Capital: A minimum share capital (e.g., USD 50,000 for certain securities-dealing activities) must be deposited in a Seychelles bank account.
Compliance and AML/KYC: Robust policies and procedures against money laundering and terrorist financing are mandatory. A fit and proper Compliance Officer must be appointed.
Insurance: Adequate professional indemnity insurance as approved by the FSA.
Cybersecurity Measures: Implementation of secure data-handling and storage systems that can be inspected by local authorities.

Steps to Obtain a Seychelles Crypto License

Steps to Obtain a Crypto License In Seychelles

Talk with our founder Mardo Soo

Get a free consultation

Steps to Obtain a Crypto License In Seychelles

Talk with our founder Mardo Soo

Get a free consultation

Step 1

Incorporation and Setup (4-6 weeks)

Form a Seychelles Company

Choose a business name, prepare Articles of Association, and register as a domestic entity.

Set Up Local Operations

Rent a physical office space and hire local staff to meet economic substance requirements.

Deposit Share Capital

Typically at least USD 50,000, although the exact amount depends on the license category.

Appoint Directors and Officers

Ensure at least one resident director in Seychelles; maintain proper registers and books locally.

Step 2

Stage 2: Prepare Application Documents (4–12 Weeks)

Draft Internal Policies

Develop AML/KYC procedures, an employee manual, and a detailed business plan.

Identify Key Personnel

Appoint a Compliance Officer, Securities Dealers Representative (if necessary), and other critical roles as per FSA requirements.

Obtain Insurance

Acquire professional indemnity insurance from a provider approved by the FSA.

Complete All Forms

Ensure all individual questionnaires and fit-and-proper assessments are prepared for directors and major shareholders.

Step 3

Stage 3: Submit License Application (6 Weeks)

Pay Application Fees

License application fee and any additional fees for key representatives.

Regulatory Review

The FSA reviews your application over approximately 30 working days. Additional interviews or documentation requests may occur.

Final Decision

If approved, the crypto license is granted, and your company is listed in the public registry of licensed virtual asset service providers.

Looking for a crypto license in Seychelles? Our experts have guided clients from 20+ countries in securing licenses with ease. Contact us for a free consultation.

Get free consultation

Taxation for Crypto Companies in Seychelles

Although Seychelles companies can register as International Business Companies (IBCs) and enjoy certain tax exemptions, domestic companies with a Crypto License in Seychelles may be subject to local corporate income taxes if they conduct business within the jurisdiction.

Corporate Income Tax:

15% on the first SCR 1,000,000 (~USD 76,000) of taxable income
25% on amounts above that threshold

Withholding Tax: Standard rate of 15% may apply on dividends or certain payments to non-residents.

By structuring your entity effectively and taking advantage of any available exemptions, you can potentially reduce your overall tax burden.

Regulatory Authorities and Compliance

Financial Services Authority (FSA)

The FSA in Seychelles oversees all aspects of licensing, supervision, and enforcement for crypto businesses. They ensure compliance with local laws, including the Virtual Asset Service Provider Bill of 2024.

AML/CFT Regulations

Seychelles has integrated FATF Recommendations into its AML and Countering the Financing of Terrorism Act, 2020. All VASP licensees must maintain robust KYC protocols and record-keeping practices to meet ongoing obligations.

Ongoing Obligations

Annual License Fee: Payable each year to maintain your VASP license.
Audited Financial Statements: Must be prepared and submitted by an approved auditor.
Changes to Business: Any alterations to shareholding, directorship, or scope of activities require notification and possible approval by the FSA.
Maintaining Substance: Adhering to minimal office activity requirements, including a certain number of board meetings in Seychelles each year.

Non-compliance can lead to penalties, suspension, or revocation of the license, and in severe cases, criminal prosecution or company winding-up proceedings.

Frequently Asked Questions

The process typically takes between 3 to 6 months, depending on your preparedness, the complexity of your application, and the speed of FSA reviews.

Yes. You must rent office space, employ local staff, and ensure at least one Seychelles resident director to fulfill substance requirements.

Yes, all licensed companies must have a fully functioning office in Seychelles, employing qualified personnel.

Potentially yes, but the Central Bank of Seychelles must approve a business already holding one type of financial license before applying for another.

Both models generally fall under the Type A (Virtual Asset Wallet Provider) license. However, you must clearly outline which services you intend to offer in your business plan.

Conducting crypto-related activities without a valid VASP license is illegal. Violators face sanctions, administrative penalties, and even criminal charges.

Conclusion

A Crypto License in Seychelles presents an outstanding opportunity for entrepreneurs and established firms eager to tap into the thriving world of digital assets. The country’s progressive legislative framework, attractive tax structures, and reputable regulatory environment combine to make Seychelles a top choice for crypto ventures.

By diligently following the required steps—incorporating locally, meeting substance requirements, preparing strong AML/KYC policies, and maintaining ongoing compliance—you can successfully secure your Seychelles crypto license and position your company for global success in the digital economy. If you’re ready to take the next step, consult with local legal experts and begin your journey toward securing a foothold in one of the world’s most promising offshore crypto jurisdictions.