When choosing a jurisdiction to legalize forex activities, many brokers consider the classification of countries by categories A, B, C, and D, depending on their prestige. The first three categories include the USA, Australia, and European countries. Offshore jurisdictions are becoming increasingly popular. Many of them are no longer associated with gray havens for funds withdrawal. Local regulatory authorities are developing transparent legal frameworks, and financial institutions comply with international regulations. The law firm SBSB Fintech Lawyers suggests analyzing the Seychelles forex license features and identifying which projects this license is most suitable for.
Why Brokers Choose Seychelles Forex License
Since 2013, the Financial Services Authority (FSA) has been responsible for regulating brokerage activities in Seychelles. The main regulatory act is the “Securities Act.” SBSB specialists have prepared a detailed guide on the Seychelles forex license, covering the regulator’s requirements, company registration stages, licensing procedures, and a list of mandatory documents for applicants. Here are the most important aspects for brokers planning a legal start to their brokerage business or expansion into African and Asian markets. The CFD broker Moneta Markets, after obtaining a license in Seychelles, stated that they see this permission as the beginning of a “journey towards global expansion.”
In recent years, Seychelles forex license has become an attractive choice for new traders looking for favorable tax conditions and opportunities to launch with low capital investments while legally providing services worldwide as a forex broker. The benefits of registering in this jurisdiction include:
- tax benefits;
- lenient regulatory requirements for auditing and reporting;
- high degree of confidentiality of owner and shareholder data;
- access to international markets.
Obtaining a license in Seychelles may present challenges, such as opening bank accounts or direct connectivity to exchanges. These issues can be mitigated by following specialists’ recommendations on selecting banking institutions.
Seychelles Forex License — New Opportunities for Your Business
The forex market thrives despite economic and political turmoil worldwide. SBSB Fintech Lawyers have been supporting the launch and growth of brokerage projects since 2013 with “turnkey” solutions. Practical experience, knowledge of legislation, and the specifics of forex market regulation in various jurisdictions allow SBSB lawyers to offer clients tailored solutions based on their project business models.
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