Crypto License in Seychelles

Registering a company and obtaining a cryptocurrency license in Seychelles allows you to legally offer services for exchanging digital assets, storing cryptocurrencies, and other activities with virtual assets in one of the most flexible and recognized offshore jurisdictions.

More than 500 clients have already successfully obtained a VASP license with our help in other countries and are confidently operating in the international crypto environment.

VASP license from the regulator FSA Seychelles is a reliable legal tool that allows you to expand your business, build confidence of investors and partners, and demonstrate compliance with AML/CFT requirements.

Get a Crypto licensing offer Get an offer

Fast and Streamlined Licensing

Benefit from Seychelles’ efficient approval process, designed to deliver crypto licenses within a short timeframe. This enables your business to enter the market quickly and stay ahead of competitors.

Zero Corporate Taxes and Low Costs

Operate under a zero-corporate-tax regime with minimal startup and operational expenses. Seychelles offers a cost-effective setup that maximizes profitability and attracts international ventures.

Expert Legal Guidance in a Crypto-Friendly Jurisdiction

Leverage our expert legal support to navigate Seychelles’ clear, crypto-friendly regulations with confidence. With no local presence required, you can secure a compliant offshore structure smoothly and predictably.

Seychelles Crypto License – 2025 Overview

Seychelles is an independent island nation with a well-established offshore financial sector and full legal authority over company formation, financial services, and taxation. Its clear regulatory autonomy allows it to license and oversee crypto businesses, offering companies access to favorable tax treatment, zero corporate taxes, and a reputable offshore framework. These advantages, combined with predictable legal procedures and no local presence requirements, make Seychelles an attractive destination for both emerging crypto startups and established operators seeking efficient global structuring.

While Seychelles has not issued crypto-specific legislation, crypto companies are commonly licensed under its general financial services framework regulated by the Seychelles Financial Services Authority (FSA). The FSA oversees licensing and compliance, applying well-defined rules that accommodate a broad range of virtual asset businesses. As of recent years, several international crypto and fintech companies have established licensed operations in Seychelles, reflecting its growing standing in the sector. Holding a Seychelles license enhances a company’s credibility with partners, investors, and international clients.

Why Choose Seychelles for a Crypto License?

International recognition without excessive regulation

Unlike EU countries with strict regulations that become even stricter over time (e.g. the Baltic States), Seychelles offers a flexible approach while complying with key FATF standards.

The local regulator (FSA) actively cooperates with international bodies, but does not overburden businesses with requirements.

Favorable tax system

Seychelles has an attractive tax system, with no income tax for international companies and no tax on dividends and capital, making the jurisdiction particularly favorable for doing business, including cryptocurrencies. Also, export services, including cryptocurrency transactions, are not subject to VAT, which provides significant tax advantages for international projects.

High privacy

Unlike many jurisdictions, Seychelles does not require disclosure of a company’s ultimate beneficial owners in public registers. Although companies must comply with the basic AML/CFT requirements, the publication of these reports is not mandatory for external users, which helps to avoid unnecessary publicity. Also, unlike some European jurisdictions where information on directors and shareholders is made publicly available, in Seychelles company ownership data is not disclosed in public registers, which greatly enhances confidentiality.

Flexibility of activities

VASP license in Seychelles covers: cryptocurrency exchange (one for one or fiat), cryptocurrency custody (creating custodial wallets, providing key storage and asset security services), token issuance (utility and security), DeFi (non-banking financial activities), steaking, NFT. This is all done under one license without the need to obtain other licenses.

Loyalty to international clients

Seychelles has a loyal and open policy towards international clients, especially in the cryptocurrency business. There are no restrictions on citizenship, directors and beneficiaries can be citizens of any country. The local regulator does not impose bans or additional checks for clients from any countries. All documents and contacts with the local regulator are in English.

Get Your Seychelles Crypto License Now

Benefit from our expertise in regulatory compliance and crypto licensing. Register your crypto company seamlessly, promptly, and profitably in Seychelles. Start today and grow your crypto business globally!

Requirements for Seychelles Crypto License (2025)

Licensing Requirements

A VASP license is required to conduct virtual asset activities in Seychelles. Both companies established in Seychelles and branches of foreign entities registered in this jurisdiction can apply for such a license. One of the key conditions for obtaining a license is that all beneficial owners, directors and key employees meet the “fit and proper” criteria. The local regulator carefully checks the information provided and decides whether to grant a license. The main requirements imposed by the FSA regulator and Seychelles law on companies applying for a VASP license include the following:

Legal structure and registration

In order to obtain a license, it is necessary to have a registered company in Seychelles. An International Business Company(IBC) is also eligible. Having a physical office and at least one local director is considered mandatory.

AML/CFT and KYC compliance

Developing and implementing robust anti-money laundering and counter-terrorist financing policies and procedures is considered very important.

Authorized capital

A minimum authorized capital deposit is required, the amount of which depends on the type of services provided:

Virtual asset wallet provider: USD 75,000.
Virtual asset exchange: USD 100,000.
Virtual asset broker: USD 50,000.
Virtual asset investment provider: USD 25,000.

If more than one type of service is to be provided, the capital requirements for each activity must be met. In such a case, the capital must be totaled.

Cybersecurity and operational reliability

Implement adequate cybersecurity measures to protect client systems and data, have business continuity and disaster recovery plans in place, and ensure safe custody of client assets.

Information disclosure and reporting

Providing clients with clear and understandable information on services provided, possible risks, keeping accurate records of all transactions and activities, providing regular reporting to the FSA regulator.

The Seychelles FSA closely monitors the cryptocurrency sector. Non-compliance or neglect of these requirements may result in severe financial penalties or revocation of license eligibility in Seychelles and internationally.

Our compliance officers will provide professional support, simplify the regulatory process, prepare documentation and resolve complex regulatory queries. Partnering with us will simplify your entry into the Seychelles crypto market, keep your business compliant, secure and ready for growth.

How to get Seychelles Cryptocurrency License

Seychelles has become a popular jurisdiction for cryptocurrency business due to its clear regulations, tax benefits and international reputation of having a reputable license. Businesses interested in cryptocurrency exchange, ICO, wallets, investment facilitation or NFT trading should consider Seychelles because of its efficient system, transparent laws and international compliance standards. To obtain a VASP license in Seychelles, it is necessary to prepare and submit an application in accordance with the requirements of the regulator FSA, develop and implement an internal AML/CFT policy, as well as appoint several key positions, one of which is a responsible AML Officer - to promptly interact with the regulator on monitoring suspicious transactions.

Company Registration

The very first step to obtain a VASP cryptocurrency license is to register a legal entity in Seychelles. IBC(International Business Company) is usually chosen.

Preparing a business plan

This is a mandatory step to obtain a license. It should include: planned activity, expected income and number of clients, possible risks, implementation of AML and KYC procedures, description of internal structures and processes, how it is planned to provide security of assets and client data.

Staff recruitment

Appointment of key positions such as: minimum 2 directors (one of the directors should be local), compliance officer and AML specialist.

AML and KYC

Implementation of AML (Anti Money Laundering) and KYC (Know Your Customer) policies.

Submission and Review

Filing an application with the local regulator FSA (Financial Services Authority). It checks the eligibility requirements, whether the selected candidates are suitable for key positions, assesses the ability to comply with AML and KYC procedures and may ask for additional information if the data provided is insufficient. The regulator also conducts security checks on all employees in key positions. This includes: verification of identity, experience and competence, criminal record, business reputation. This is formalized in the form of a Due Diligence File.

Approval and License Maintenance

Once a VASP license is obtained and the company is listed in the registry, it is necessary to comply with the regulator’s requirements such as: Conduct inspections and update AML and KYC procedures, conduct reporting, notify changes in the structure or operations of the company.

In summary, getting your Seychelles cryptocurrency license will position your business internationally, giving you a competitive edge and a corporate image of trust for investors and customers.

Start Your Crypto Company Today

Take advantage of Seychelles’ attractive regulatory environment and robust international standing to establish your cryptocurrency business. Our expert team is ready to guide you effectively through every step toward successful licensing and compliance.

Get Seychelles Crypto License Now! Get License Now!

How Much Does a Seychelles Crypto License Cost?

Starting a cryptocurrency business in Seychelles can be very cost effective due to the jurisdiction’s tax benefits, simplified licensing process and innovative regulatory landscape. We offer transparent pricing models with no hidden fees, so you can manage your initial investment and forecast your financials. Our packages are tailored to your business needs, whether you’re a small startup or an international enterprise.

Standard package

^€8 000
- Initial consultation
- Company registration procedure (IBC)
- Obtaining a VASP license
- Registration of authorized capital from 25,000 to 100,000 USD
- Preparation of a basic AML/CFT policy
- Legal address for a period of 1 year
- Support at the stage of applying for a license
Order now
Full package

^€11 000
- All services of the Standard package
- Assistance in opening a bank account
- Translation and apostille of documents
- Storage of corporate documents
Order now
Premium package

^€22 000
- All services of the Full package
- Hiring of local directors, AML/Compliance officers
- Maintenance and updating of AML/CFT policies
Order now

Meet Our Expert Team

Our team of legal, compliance, and technical specialists is highly experienced in Seychelles’ regulatory framework, international AML requirements, and offshore company setup. With Seychelles’ adaptable approach to crypto regulation, we provide the guidance and expertise you need to navigate opportunities effectively and securely.

Dmitry M. Head of Sales Department Contact

Mark M. Sales Representative Contact

Patrik A. Lawyer Contact

Is cryptocurrency legal in Seychelles?

Yes, cryptocurrency is not prohibited in Seychelles and is subject to regulation under the Virtual Asset Service Providers Act 2024.

What is the Seychelles government's attitude towards cryptocurrency?

The Government of Seychelles is committed to creating a favorable but regulated environment for the crypto industry.

Who is the regulator of cryptocurrency licenses in Seychelles?

The regulator of cryptocurrency licenses (VASP licenses) in Seychelles is the Financial Services Authority (FSA). The FSA is an autonomous body established under the Financial Services Authority Act 2013. Its responsibilities include licensing, regulating, enforcing, monitoring and supervising activities in the non-banking financial sector in Seychelles.

Who can open a cryptocurrency company in Seychelles?

A cryptocurrency company in Seychelles can be opened by any individual or legal entity, provided it meets the regulatory requirements set by the regulator (FSA) under the Virtual Asset Service Providers Act 2024. This includes both local companies registered in Seychelles and branches of foreign companies registered in the jurisdiction. Non-residents can also own and operate a cryptocurrency company in Seychelles.

Is it possible to conduct cryptocurrency activities without having a VASP license?

Conducting cryptocurrency activities in Seychelles without a VASP license is prohibited by the Virtual Asset Service Providers Act, 2024, which came into effect on September 1, 2024. Under this Act, any virtual asset related activity conducted in or from Seychelles requires mandatory licensing.

Who can apply for a VASP license?

Only local companies and International Business Companies (IBC) are eligible to apply for a VASP license. There is no such option for individuals.

What are the permitted activities that can be carried out under a VASP license?

The First Schedule to the VASP Act provides for 4 types of permitted activities:

Virtual asset wallet providers
Virtual asset exchanges
Virtual asset brokers
Providers of investments in virtual assets

What taxes apply to the activities of licensed VASPs?

Provided the activities are conducted outside Seychelles, there is no income tax, no capital gains tax and no taxes on dividends. VAT has also not yet been introduced in the country. But every year you need to renew your license and pay a fee to the regulator. However, tax laws can change, so it is important to keep up to date.

Does a resident director have to be present in Seychelles during the application process?

At the application stage, the person who will act as the resident director must be identified, even if they are not physically present in Seychelles at that time. If a license is issued in such a situation, it will be accompanied by a condition that the identified person must become resident in Seychelles within a reasonable period of time to comply with the presence requirement.

What are the record keeping obligations of a company with a VASP license?

A licensed VASP must keep records of both its client and proprietary transactions at its principal place of business for at least 7 years from the date of the transaction.

Can one individual perform two roles requiring security clearance?

The same individual may perform dual roles, provided that they have undergone 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 steps taken to mitigate any potential conflict of interest. However, the compliance officer and the deputy must be two different individuals.

Get Started with Seychelles Crypto Company?

Let our experts take care of the licensing process for your Seychelles cryptocurrency business. We will handle compliance, document submissions and regulatory requirements so you can focus on your business.