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Seychelles, often lauded as a welcoming hub for crypto endeavors, has become a highly attractive destination for global crypto ventures looking to establish legal entities and obtain a Seychelles crypto licence.
Benefiting from its flexible approach to regulation and lenient know-your-customer protocols, Seychelles invites international enterprises eager to explore the global crypto landscape without excessive administrative pressure. While the crypto licence in Seychelles is not yet formally issued, the jurisdiction is actively developing a legislative framework for virtual assets.
This forward-looking approach positions Seychelles as one of the most promising destinations for blockchain companies planning to obtain a Seychelles crypto licence once the regulation is finalized. Below, we examine the main advantages, steps, benefits, and costs of registering a crypto company in Seychelles.
1. Flexibility: The Seychelles crypto licence system provides unmatched operational flexibility. The country’s relaxed regulatory environment allows businesses to operate without the restrictions of overly strict compliance requirements, fostering innovation and growth in the crypto industry.
2. Global Recognition: Seychelles is home to several of the world’s largest crypto exchanges, including Binance, KuCoin, and OKEx. By obtaining a crypto licence in Seychelles, businesses gain global credibility and access to an extensive international market. Seychelles’ reputation as a crypto-friendly jurisdiction attracts partners and investors worldwide.
3. Cost Efficiency: Setting up a company to apply for a Seychelles crypto licence is highly cost-effective compared to other jurisdictions. This makes the crypto licence in Seychelles ideal for startups and small to mid-sized enterprises.
4. Legal Protection: Even before receiving an official Seychelles crypto licence, companies incorporated in Seychelles enjoy legal protections under the International Business Companies Act, ensuring stability and investor confidence.
1. Legal Consultation: Seek assistance from experienced lawyers specializing in the Seychelles crypto licence process. Legal experts will guide you through local laws and help you structure your company correctly.
2. Company Formation: Register your business under the Seychelles International Business Companies Act. This is the first formal step toward establishing your entity and preparing for a crypto licence in Seychelles once regulations are enacted.
3. AML/KYC Compliance: Although the Seychelles Financial Services Authority (FSA) does not yet actively monitor crypto companies, following the FATF’s anti-money laundering standards is highly recommended. Developing robust AML and KYC policies demonstrates credibility and readiness for future Seychelles crypto licence requirements.
4. Infrastructure Setup: This stage includes opening accounts with payment institutions, setting up the company’s technical systems, and integrating necessary financial solutions — essential for operating under a crypto licence in Seychelles framework.
The process of establishing a company eligible for a Seychelles crypto licence typically takes 9–10 months.
A company must appoint two directors, and they should have relevant professional experience. At least one local director residing in Seychelles is mandatory.
The state registration fee is approximately 5,000 EUR, while the minimum share capital varies between 25,000 and 100,000 USD depending on the business model.
A physical office in Seychelles is required for all entities applying for a crypto licence in Seychelles, and companies must maintain annual financial statements to meet reporting standards.
Another key advantage is that Seychelles offers a 0% corporate tax rate on income earned outside the country — a significant benefit for international crypto businesses seeking a favorable tax environment.
The total cost of setting up and maintaining a company for a Seychelles crypto licence depends on legal, administrative, and government-related expenses. However, Seychelles remains one of the most affordable offshore jurisdictions for blockchain and fintech startups.
Annual fees associated with the crypto licence in Seychelles include:
Base annual fee: 5,000 EUR
Virtual Asset Wallet Provider: 20,000 EUR
Virtual Asset Exchange: 25,000 EUR
Virtual Asset Broking: 10,000 EUR
Virtual Assets Investment Provider: 5,000 EUR
These rates make the Seychelles crypto licence not only accessible but also highly competitive when compared to other offshore jurisdictions.
The Seychelles crypto licence provides the perfect balance between flexibility, cost-efficiency, and international credibility. For companies launching crypto exchanges, wallet services, or DeFi projects, the crypto licence in Seychelles ensures an easy and recognized entry into the global digital asset ecosystem.
This jurisdiction offers favorable taxation, business confidentiality, and a rapidly evolving legal framework that supports long-term crypto growth. Registering your entity now allows you to be fully prepared once the Seychelles crypto licence regime is officially introduced.
Choosing to register under the crypto licence in Seychelles framework opens numerous opportunities for entrepreneurs entering the digital asset industry. The combination of legal security, minimal taxation, and an upcoming formal regulatory structure makes the Seychelles crypto licence a strategic investment in your company’s future.
Working with SBSB Fintech Lawyers ensures a smooth and transparent process — from company formation and policy development to full preparation for obtaining your Seychelles crypto licence.
Our expertise helps businesses efficiently navigate Seychelles’ legal system and build strong foundations for long-term growth in the global crypto market.
Need a consultation? Write to us at yuliya_barabash@sb-sb.com.
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Global Law Experts is dedicated to providing exceptional legal services to clients around the world. With a vast network of highly skilled and experienced lawyers, we are committed to delivering innovative and tailored solutions to meet the diverse needs of our clients in various jurisdictions.
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