Paid in share capital for Seychelles forex company?

[rotaro]

I have been informed that we do not need to pay in the share capital for a Forex licensed company in the seychelles! so, how do I need to prove I have the required 1 million USD for the share capital?

 

[JohnLocke]

As for the verification of the net worth of the client the Act does not seem to provide any guidelines on this. In fact, the definition of a “Professional Investor” seems to put the onus on the investor stating that the person has a net worth exceeding $1,000,000 and must sign a declaration stating same and consenting to be treated as a professional investor. I think to be safe some reasonable proof should be provided which I would accept a letter from the financial advisor, accountant, bank and/or brokerage statements, etc. supporting the claim.





Where real estate is involved it seems it would require a lawyer or accountant to verify the equity in the property

 

[rotaro]

Thanks Admin, you and your team have been awesome and fantastic. I have been a real pain for you and I aplogize for my behaviour from time to time. You guy's rocks. I'm the happy owner of the Mutual Fund with 50+ investors.

 

[fionix]

Believe me it is a complicated process to get a setup done in the Seychelles for Forex Trading...while me and a business partner were looking into it we gave up when it came to the fact of proving the USD 1 million to be there in assets. Maybe we failed the mission, however, it should have been easier to accomplish the task.