General Questions
The Seychelles Financial Services Authority (“FSA”) is the regulator for non-bank financial services in the Seychelles. Established under the Financial Services Authority Act, 2013 (“FSA Act”), the FSA is responsible for the licensing, supervision of persons in and development of the non-bank financial services industry of the Seychelles. The FSA is also responsible for the registration of International Business Companies, Foundations, Limited Partnerships, and International Trusts in the Seychelles.
Registry
The following licenses are issued under the ICSP Act:
- International Corporate Services Licence
- International Trustee Services Licence
- Foundation Services Licence
Insurance Sector
US$100,000 or its equivalent in a currency that is fully convertible to other internationally accepted currency.
Gambling
The FSA is mandated to administer the Seychelles Gambling Act, 2014 (SGA), through which it licences, regulates and supervises casinos, slot machines and interactive gambling activities in the Seychelles. The other aspects of the gambling industry such as lottery and games of chance remain under the purview of the Seychelles Licensing Authority.
Capital Markets and Collective Investment Schemes
The FSA does not supervise or regulate the foreign exchange market. This falls under the purview of the Central Bank of Seychelles.