Offshore IBC for mutual funds / Forex Trading now in Seychelles or what?

[MiltonStone]

The conclusion may⁣ be that it depends on which business you are into, if it is Forex Trading⁢ on a large scal you will need to register for a Mutual Fund in the︀ Seychelles or as mentioned Cyprus, if it is private investments or a small group of︁ investors it may be the Seychelles CSL company, thats what I know now 😀

 

[Spinat]

Does anyone actually is in the process to register a Mutual Fund for the purpose‌ of Forex Trading in the Seychelles? Just wondering...

 

[Safa]

Thank you all, I think I got the picture, a lot of good information is‌ available here..

 

[JohnLocke]

Don't forget you will need to register a offshore company before you can get started,‌ this has to be in the Seychelles.

 

[JohnLocke]

For ones general interest we have just released new information in regards to the Seychelles‌ Mutual Fund which can be found on our blog: How To Set Up a Private‍ Fund in Seychelles - Blogs - Offshore Company Forum

 

[claudioforex]

forex account manager in seychelles

In case we want to act as forex account manager‌ for third party, do we need a license in seychelles?

As "account manager" I mean‍ that the customer would keep their forex account at their own name and only provide⁠ the right to the account manager to trade their account, but in no case to⁤ withdraw any money. Seychelle company would then only recover the commissions and performance fee agreed⁣ with customers.

In such case is there any need for a license?

 

[JohnLocke]

There is actually no license to apply‍ for but rather you need a Mutual Fund or Private Interest Foundation to be compliant⁠ with local laws in the Seychelles with such activity.

I assume no one will be able to see that you︁ login to their account so therefore no one can have any problems with it, so︂ the answer is, yes a Seychelles company will do the job.

 

[pesto]

With no license - mean I can do forex trading personal in Seychelles ?

 

[nastathin]

I understand YES, the requirments to register a Seychelles Mutual Fund aren't tof compared to‌ other offshore jurisdictions. invalid1c/forum/content/52-forex-fund-management-company-seychelles-cyprus-please-read.html :check:You only need proof of 1M USD! No one say's you‍ need to have them, figure this out please 😉

 

[Safa]

You may as well look into a New Zealand FSP financial company! Thats a very‌ common entity to use at the moment speaking.

 

[dailyforex]

i am having same question,any solution for forex fundmanagers,

 

[TurnedToRobot]

You will need a license in some cases a CSL company in the Seychelles will‌ do it but ask the agent your will be using for this.

 

[rothko13]

I am looking to provide similar services. I am an EU resident, hence CFC rules‌ apply. I am not looking to avoid tax, just want to run the business from‍ jurisdiction that allows it.
What would be the best solution? Seychelles company owned by EU⁠ company will do? So corporation tax is paid on EU level as i'd be running⁤ the business from within the EU. The only thing i don't want is the tax⁣ burden to fall on a personal level, but on a EU company instead.

Would such⁢ setup work ? and if not what is the suggestion, no need to avoid tax,︀ just want to be able to run the business and pay the due taxes...

If it is a doable setup, how would that actually work in terms of EU company︁ tax? I know corporation tax would apply but would VAT apply on the commissions considering︂ the Seychelles company is non-EU and such business could not be run from a EU︃ company?