Seychelles Forex License
The Seychelles are an independent democratic republic and established offshore financial center. Part of the British Commonwealth, the island nation is extraordinarily stable and boasts the highest per capita wealth in the African region. A carefully crafted financial services sector has catapulted the relatively small nation into a leading offshore destination.
As a global player in the international financial services markets, the dollar is widely accepted and the nation’s banking and money remittance sectors are fully developed and United States dollar-friendly. The Seychelles offers no tax on offshore profits and a streamlined, cost-effective corporate formation process. While part of the Commonwealth, the nation’s court system is designed to dissuade the registration of foreign judgments. For such reasons, sophisticated financial services organizations have flocked to the Seychelles.
The Seychelles is an ideal location for promoters of Forex businesses. The Seychelles offers a Security Dealers License which covers all related forex activity, including both acting as an introducing broker and direct broker. The licensure is recognized world-wide and many top forex brokers are licensed in Seychelles. In addition, the process of obtaining a license is both cost effective and can be accomplished quickly.
Advantages of a Seychelles Forex License
Aggregate daily trading volume in the forex markets exceeds $4 trillion. The streamlined and cost effective process in obtaining a Seychelles Forex license can place you in this lucrative market in as little as three months. With increased volatility in the global currency markets, spreads have increased – and with that so have forex brokers’ profitable to the tune of over $1 billion annually. As such, smaller forex brokers are capturing tremendous returns owning just a small piece of this lucrative market.
Seychelles Forex License at a Glance
|License||Security Dealers License|
|Time to License||2 to 3 Months|
|Capital Requirement||Approx. $50,000|
|Tax Structure||Zero (0%) Percent Tax on Offshore Profits|
Seychelles Forex License Package
- Establish international business corporation.
- Preparation and drafting of shareholder and officer agreements.
- Preparation and drafting of narrative business plan.
- Preparation and drafting of current financial statements.
- Preparation and drafting of 3 years financial projections.
- Preparation and drafting of personal financial statements for owners.
- Preparation and submission of application with appropriate regulatory authority
- Preparation and drafting of responses to regulatory authority
- Identification and engagement of auditor and forex prime broker.
- Facilitate opening of bank accounts and payment processors.
- Preparation and drafting of AML/KYC policies and procedures.
- Preparation and drafting of client agreements and disclosures
Contact the Seychelles Forex License Experts
Trust our over fifty year’s combined experience in creating innovative solutions for our clients. Contact the forex licensing experts at FinLaw to begin the process of obtaining your Seychelles Forex License today. Our knowledgeable and skilled professionals are pleased to answer any of your questions.