Choosing between Seychelles and Mauritius for a Forex license depends on your goals, budget, and target market. Here's a quick breakdown to help you decide.
- Licensing and Reputation
Seychelles’ Financial Service Authority (FSA) offers a simplified setup process with its Securities Dealer License (SDL), making it ideal for startups. Mauritius’ Financial Service Commission (FSC) requires an Investment Dealer License, which involves stricter regulations but provides greater global credibility. Mauritius is the better choice if reputation and access to larger markets matter, whereas Seychelles is better for start-ups and easier access to the market.
- Costs and Taxes
Seychelles requires a minimum capital of $50,000 while Mauritius varies between $25,000 and $250,000, depending on the license. Taxation in both countries is highly competitive: Seychelles charges 1.5% corporate tax, and Mauritius offers a 3% rate for global businesses. Seychelles is more affordable for startups, whilst Mauritius provides broader opportunities for mature brokers.
