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Crypto Regulation in Seychelles

Crypto Friendly

Seychelles has been a popular incorporation jurisdiction for crypto exchanges and businesses. The Financial Services Authority (FSA) has developed a framework for digital asset businesses, though it has faced criticism from FATF for AML deficiencies.

Region: Africa EastCurrency: SCRRisk Score: 35/100

Tax Information

Capital Gains (Personal)
No capital gains tax
Capital Gains (Corporate)
25%-33% Business Tax on profits; no capital gains tax
VAT on Crypto
No
Staking Tax
No capital gains tax
Airdrop Tax
No specific guidance
Mining Tax
Business income subject to Business Tax
Summary
Seychelles does not levy capital gains tax. Business profits are subject to Business Tax. International Business Companies (IBCs) have traditionally benefited from favorable tax treatment.

Licensing & Registration

License Required
Yes
Regulator
FSA Seychelles (Financial Services Authority of Seychelles)
Framework
Digital Asset Business Act (proposed/under development)
License Types
Digital Asset Service Provider License
Estimated Cost (USD)
$5,000 - $50,000
Timeline
2-6 months
Ease of Licensing
Easy
Notes
Several major crypto exchanges have incorporated in Seychelles due to the favorable regulatory environment. The FSA has been developing more comprehensive regulation in response to FATF pressure. AML/KYC requirements have been strengthened.

AML / KYC

KYC Required
Yes
Travel Rule
Yes
FATF Member
No
FATF Status
Partially Compliant
Suspicious Activity Reporting
Yes

Mining

Mining Legal
Yes
Status
Legal
Electricity Cost ($/kWh)
$0.22
Renewable Energy
35%
Climate
Tropical
Infrastructure
Moderate
Tax on Mining Income
25%-33% Business Tax on profits; no capital gains tax
Notes
High electricity costs significantly reduce mining profitability.

DeFi, Stablecoins & NFTs

DeFi: unclearStablecoins: no rulesNFTs: no_rulesCBDC: none

Soken Services

Legal Opinion
Available | $2,000 - $8,000 | 7 days
Banking
Difficulty: Medium | Crypto-friendly banks: none listed
Min. Deposit
$10,000
Fiat Rails
SWIFT, M-Pesa
Card Payments
Visa, Mastercard
Company Registration
$5,000 | 14 days | Limited Liability Company
Licensing Support
Available | $15,000 - $50,000

Sources

Financial Services Authority Seychelles
Reviewed: 2026-03-01likely

Frequently Asked Questions

Is crypto legal in Seychelles?
Cryptocurrency is currently classified as "Crypto Friendly" in Seychelles. Seychelles has been a popular incorporation jurisdiction for crypto exchanges and businesses. The Financial Services Authority (FSA) has developed a framework for digital asset businesses, though it has faced criticism from FATF for AML deficiencies.
What is the crypto tax rate in Seychelles?
In Seychelles, the personal capital gains tax on crypto is No capital gains tax, and the corporate tax rate is 25%-33% Business Tax on profits; no capital gains tax. Seychelles does not levy capital gains tax. Business profits are subject to Business Tax. International Business Companies (IBCs) have traditionally benefited from favorable tax treatment.
Do I need a crypto license in Seychelles?
Yes, a crypto license is required in Seychelles. The regulator is Financial Services Authority of Seychelles under Digital Asset Business Act (proposed/under development). Estimated licensing cost: $5,000 - $50,000.
Is crypto mining legal in Seychelles?
Yes, crypto mining is legal in Seychelles. Electricity costs approximately $0.22/kWh. Mining income is taxed at: 25%-33% Business Tax on profits; no capital gains tax. High electricity costs significantly reduce mining profitability.
What are the AML/KYC requirements for crypto in Seychelles?
Yes, crypto businesses in Seychelles must comply with KYC (Know Your Customer) requirements. The FATF Travel Rule is implemented. FATF compliance status: partially_compliant.