After registering a company and obtaining a cryptocurrency license in Seychelles, you can legally provide digital asset exchanges, cryptocurrency storage and other virtual asset activities in one of the most flexible and recognized offshore jurisdictions.
With our help, more than 500 customers have successfully obtained VASP licenses in other countries and are operating with confidence in the international crypto environment.
The VASP license issued by the FSA regulatory authority in Seychelles is a reliable legal tool to help you grow your business, build confidence among investors and partners, and demonstrate your compliance with AML/CFT requirements.
Cryptocurrency licenses show customers and investors that your business is legitimate and trustworthy.
Protect your business
A license ensures you meet legal standards and protects your business from fines or going out of business.
Entering new markets
With licenses, you can do business in more markets and build better partnerships.
Seychelles Cryptocurrency License-Overview of 2025
Seychelles is an independent island nation with a well-established offshore financial sector with full legal powers in the areas of company formation, financial services and taxation. Seychelles has clear regulatory autonomy to license and supervise cryptocurrency businesses, offering companies preferential tax treatment, zero corporate tax and a reputable offshore framework. These advantages, coupled with predictable legal procedures and no local presence requirements, make Seychelles an ideal destination for emerging crypto startups and established operators seeking an efficient global structure.
Although Seychelles has not yet enacted laws specifically targeting cryptocurrencies, cryptocurrency companies are generally licensed under the general financial services framework regulated by the Seychelles Financial Services Authority (FSA). The FSA oversees licensing and compliance and applies clear rules to accommodate a wide range of virtual asset businesses. In recent years, a number of international cryptocurrency and fintech companies have established licensed operations in Seychelles, reflecting Seychelles's growing presence in the industry. Holding a Seychelles license increases a company's credibility with partners, investors and international customers.
Why did you choose Seychelles to apply for a cryptocurrency license?
International recognition, no over-regulation
Unlike EU countries (such as the Baltic States) whose regulations are very strict and will become stricter over time, Seychelles provides a flexible approach while complying with the main FATF standards.
The local regulator (the Financial Services Authority) actively cooperates with international institutions, but does not make excessive demands on businesses.
preferential tax system
Seychelles has an attractive tax regime with no income tax on international companies and no taxes on dividends and capital, which makes the jurisdiction particularly well placed to conduct business including cryptocurrencies. In addition, export services, including cryptocurrency transactions, are not subject to VAT, which provides a significant tax advantage for international projects.
High Privacy
Unlike many jurisdictions, Seychelles does not require disclosure of the ultimate beneficial owner of a company in a public register. Although companies must comply with the basic AML/CFT requirements, it is not mandatory for external users to publish these reports, which helps to avoid unnecessary publicity. In addition, unlike some European jurisdictions where director and shareholder information is made public, Seychelles does not disclose company ownership data in public registers, which greatly enhances confidentiality.
Flexibility of activities
VASP licenses in Seychelles cover: cryptocurrency exchanges (one-to-one or fiat), cryptocurrency custody (creation of custodial wallets, provision of key storage and asset security services), token issuance (utility and security), DeFi (non-banking financial activities), valet buying and selling, NFT. All of this is done under one license and there is no need to obtain additional licenses.
Loyalty to international customers
Seychelles has a loyal and open policy towards international customers, especially in the cryptocurrency business. There are no restrictions on citizenship, and directors and beneficiaries can be citizens of any country. Local regulators do not impose bans or additional checks on customers from any country. All documents and contact with local regulatory authorities are in English.
Requirements to apply for a Seychelles cryptocurrency license (2025)
Licensing requirements
A VASP license is required to carry out virtual asset activities in the Seychelles. Companies incorporated in Seychelles and branches of foreign entities incorporated in that jurisdiction may apply for such licenses. One of the key conditions for obtaining a licence is that all actual owners, directors and key employees must meet the "fit and proper" standard. The local regulatory body will carefully check the information provided and decide whether to issue a license. The main requirements imposed by the FSA regulator and the laws of Seychelles on companies applying for VASP licenses include the following:
Legal structure and registration
To obtain a license, a company must be registered in Seychelles. International Business Corporation (IBC) is also eligible. The company must have an office in Seychelles and at least one local director.
Anti-Money Laundering/Counter Financing of Terrorism and "Know Your Customer" Compliance
The development and implementation of strong anti-money laundering and counter-terrorist financing policies and procedures was considered very important.
Legal capital
A minimum authorized capital deposit is required, the amount of which depends on the type of service provided:
Virtual asset wallet provider: $75,000.
Virtual Asset Exchange: $100,000.
Virtual Asset Broker: $50,000.
Virtual asset investment provider: $25,000.
Network security and operational reliability
Implement appropriate network security measures to protect customer systems and data, develop business continuity and disaster recovery plans, and ensure the safe custody of customer assets.
Information Disclosure and Reporting
Provide customers with clear and understandable information, introduce the services provided and possible risks, accurately record all transactions and activities, and submit regular reports to the Financial Services Authority's supervisory authority.
The Seychelles Financial Services Authority closely monitors the cryptocurrency industry. In Seychelles and internationally, non-compliance or neglect of these requirements may result in severe financial penalties or revocation of licence qualifications.
Our compliance officers will provide professional support, streamline regulatory processes, prepare documents and resolve complex regulatory issues. Partnering with us will simplify your access to the Seychelles cryptocurrency market, making your business compliant, secure and ready for growth.
How to Get a Seychelles Cryptocurrency License
Seychelles has become a popular jurisdiction for cryptocurrency businesses due to its clear regulations, tax benefits and international reputation of having a reputable license. As Seychelles has efficient systems, transparent laws and international compliance standards, businesses interested in cryptocurrency exchanges, ICOs, wallets, investment promotion or NFT trading should consider Seychelles. To obtain a VASP license in Seychelles, it is necessary to prepare and submit an application in accordance with the requirements of the regulatory body FSA, develop and implement an internal AML/CFT policy, and appoint several key positions, one of which is an officer responsible for AML-in order to interact with regulatory bodies in a timely manner regarding the monitoring of suspicious transactions.
Company Registration
The first step in obtaining a VASP cryptocurrency license is to register a legal entity in Seychelles. Usually IBC (International Business Company) is selected.
Preparation of business plan
This is a necessary step in obtaining a license. This should include: planned activities, expected revenue and number of customers, possible risks, implementation of anti-money laundering and "know your customer" procedures, internal structure and process description, and how the plan will ensure the security of assets and customer data.
Staff recruitment
Appointment of key positions such as: at least two directors (one of whom should be local), Compliance Officer and Anti-Money Laundering Specialist.
Anti-Money Laundering and KYC
Implement AML (Anti-Money Laundering) and KYC (Know Your Customer) policies.
Submission and review
Submit an application to the local regulator FSA (Financial Services Authority). Regulators will check eligibility requirements, the suitability of selected candidates for key positions, assess the ability to comply with anti-money laundering and "know your customer" (KYC) procedures, and may ask for more information if the data provided is not sufficient. The regulator will also conduct safety checks on all employees in key positions. This includes: verification of identity, experience and competence, criminal record, business reputation. This will be formalized in the form of a "due diligence file.
Approvals and License Maintenance
Once the VASP license is obtained and the company is included in the register, it is necessary to comply with the requirements of the regulatory authorities, such as: carry out inspections and update anti-money laundering and "know your customer" procedures, make reports, notify changes in the company structure or business: carry out inspections and update anti-money laundering and KYC procedures, make reports, notify changes in the company structure or business.
In short, obtaining a Seychelles cryptocurrency license will give your business a strong position internationally, give you a competitive advantage, and establish a trustworthy corporate image for investors and customers.
What is the cost of a cryptocurrency license in Seychelles?
Standard Package
€8 000
Initial consultation
Company Registration Procedure (IBC)
Obtain VASP License
Registered authorized capital increased from $25,000 to $100,000
Development of basic AML/CFT policies
Legal address for a period of 1 year
Support during the permit application phase
Full service
€11 000
All services of the standard package
Assistance in opening bank accounts
Document translation and annotation
Storage of company documents
Premium Package
€22 000
All services in full service
Engagement of local directors, AML/Compliance officers
Maintain and update AML/CFT policies
Frequently Asked Questions (FAQ)
Are cryptocurrencies legal in Seychelles?
Yes, Seychelles does not ban cryptocurrencies, which are regulated by the Virtual Asset Service Providers Act 2024.
What is the Seychelles Government's attitude towards cryptocurrencies?
The Seychelles government is committed to creating a favorable but regulated environment for the cryptocurrency industry.
Who is the regulator of the Seychelles cryptocurrency license?
The regulatory authority for cryptocurrency licenses (VASP licenses) in Seychelles is the Financial Services Authority (FSA). The Financial Services Authority is an autonomous body established under the Financial Services Authority Act 2013. Its responsibilities include licensing, regulation, enforcement, monitoring and supervision of the activities of the non-bank financial sector in Seychelles.
Who can open a cryptocurrency company in Seychelles?
Any individual or legal entity may open a cryptocurrency company in the Seychelles as long as it meets the regulatory requirements set by the regulator (Financial Services Authority) under the Virtual Asset Service Providers Act 2024. This includes both local companies registered in Seychelles and branches of foreign companies registered in that jurisdiction. Non-residents can also own and operate a cryptocurrency company in Seychelles.
Can cryptocurrency activities be carried out without a VASP license?
The Virtual Asset Service Providers Act 2024, which came into force on September 1, 2024, prohibits cryptocurrency activities in the Seychelles without a VASP license. According to the Act, any activity related to virtual assets carried out in or from Seychelles must be subject to compulsory licensing.
Who can apply for a VASP license?
Only local companies and International Business Companies (IBCs) are eligible to apply for VASP licenses. Individuals do not have that choice.
What activities are allowed under the VASP license?
Schedule 1 of the VASP Act specifies four categories of permitted activities:
Which taxes apply to the activities of licensed VVAS providers?
As long as the activity takes place outside Seychelles, there is no income tax, capital gains tax and dividend tax. The country has also yet to introduce VAT. But every year you need to renew your license and pay a fee to the regulator. However, the tax law may change, so it must be updated in time.
Does the resident director have to be present in Seychelles during the application process?
At the application stage, the persons who will serve as resident directors must be identified, even if they are not present in Seychelles at the time. If a permit is issued in this case, it will be accompanied by a condition that the identified person must become a resident of Seychelles within a reasonable time to meet the requirements in Seychelles.
What are the record-keeping obligations of companies holding VASP licenses?
Licensed value-added service providers are required to keep records of customer transactions and proprietary transactions at their principal place of business for at least seven years from the date of the transaction.
Can one person hold two positions that require security clearance?
The same person can serve in both roles, provided that they have conducted due diligence and can effectively demonstrate that they are qualified to perform the relevant duties required for each role, and that they have communicated the measures taken to reduce any potential conflict of interest. However, the compliance officer and the deputy must be two different people.
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