Virtual asset service provider (non-MiCA) · Seychelles

Virtual Asset Service Provider Licence / Registration (Wallet Provider, Exchange, Broking, Investment Provider) under the Virtual Asset Service Providers Act 2024 (Seychelles)

The Virtual Asset Service Provider Licence / Registration (Wallet Provider, Exchange, Broking, Investment Provider) under the Virtual Asset Service Providers Act 2024 is issued by Financial Services Authority (Seychelles) (FSA) under Virtual Asset Service Providers Act, 2024. The official register lists 9 current holders. The application fee is SCR 75,000 (licence application); SCR 22,500 (registration application). Ownership changes need the regulator's approval before completion.

Last verified 2026-09-24Regulator FSAMarkdown · Data (CC BY 4.0)
Virtual Asset Service Provider Licence / Registration (Wallet Provider, Exchange, Broking, Investment Provider) under the Virtual Asset Service Providers Act 2024: licenceVASP

At a glance

Official nameVirtual Asset Service Provider Licence / Registration (Wallet Provider, Exchange, Broking, Investment Provider) under the Virtual Asset Service Providers Act 20241
Issued byFinancial Services Authority (Seychelles)
JurisdictionSeychelles
Licence familyVirtual asset service provider (non-MiCA)
Legal basisVirtual Asset Service Providers Act, 20242
PassportingDomestic only
Application feeSCR 75,000 (licence application); SCR 22,500 (registration application)1
Annual feeSCR 75,000 base fee, plus an activity fee per licensed category: SCR 300,000 (Virtual Asset Wallet Provider), SCR 375,000 (Virtual Asset Exchange), SCR 150,000 (Virtual Asset Broking), SCR 75,000 (Virtual Asset Investment Provider); fees for multiple activities are additive1
Public registerofficial register3
Current holders93

What it lets you do

  • Virtual asset exchange (FATF). Exchanging virtual assets for fiat currency or for other virtual assets as a business, as defined in the FATF glossary.
  • Virtual asset transfer (FATF). Conducting transactions that move virtual assets between addresses or accounts on behalf of another person.
  • Virtual asset safekeeping (FATF). Safekeeping or administering virtual assets, or instruments enabling control over them, for another person.

Where it is valid

Seychelles licence, domesticSeychelles
Valid in Seychelles.

Cost

Cost components, upper bound total SCR 150,000Application fee: SCR 75,000Annual supervisory fee: SCR 75,000
Regulatory costs from the official sources above. Professional fees, staff, office and audit come on top and depend on the business model.

Buying a company that already holds it

.

Last verified 2026-09-24Author Danil Marmysh, Founder & CEO, ProtegraReviewed by Anastasia Sidorenkova, Head of Licensing, ProtegraReport an errorReference information, not legal advice.

Sources

  1. fsaseychelles.sc: faqs · retrieved 2026-09-24
  2. fsaseychelles.sc: legal framework · retrieved 2026-09-24
  3. fsaseychelles.sc: licensed vasps · retrieved 2026-09-24

Want the VASP licence in Seychelles?

Tell us your business model and target markets. We check the fit before you spend on an application, then handle the licence end to end.

A free preliminary assessment: we check your business model against the licence before you spend on an application. We handle this licence and any other fintech licence, including jurisdictions the Atlas does not cover yet.