What does it take to get a remittance licence in Seychelles?
To hold a remittance licence in Seychelles, you need the Payment service provider licence from Central Bank of Seychelles. Published minimum capital: Initial capital, held before grant, tiered by service (Schedule V, reaffirmed current by SI 99/2025 reg 15(3)): SCR 500,000 for a money-remittance service; SCR 1,000,000 for another payment service; SCR 5,000,000 for an operator of a payment, clearing or settlement system. 4 entities currently hold a remittance licence in Seychelles. Full requirements — minimum capital, local presence, timeline, local ownership, fees and ongoing obligations — are set out below in each instrument's own words, with source and date; amounts are in the statute's own currency.
“Cross-border remittance” here is the normalized activity: Provide inbound/outbound cross-border money transfer / remittance services under a dedicated licence, approval or registration (IMTO/MRP/MTSP/ADLA-type).
Activity id (as used by the Afriset MCP): fintech:REMITTANCE_XBORDER
Payment service provider
Central Bank of Seychelles| Requirement | As published | Source | Source date |
|---|---|---|---|
| Minimum capital | Initial capital, held before grant, tiered by service (Schedule V, reaffirmed current by SI 99/2025 reg 15(3)): SCR 500,000 for a money-remittance service; SCR 1,000,000 for another payment service; SCR 5,000,000 for an operator of a payment, clearing or settlement system. Verbatim“Payment Service i) money remittance SCR 500,000 ii) other payment service SCR 1,000,000 Operator of a payment, clearing or settlement system SCR 5,000,000” | NPS (Licensing and Authorisation) Regulations 2014 — Schedule V (initial capital) + reg 5 (21-day completeness, 60-day decision) | 2014-12-29 |
| Local presence / incorporation | A value has been located but not yet verified, so we don't publish it here. | — | — |
| Timeline | The Central Bank informs the applicant within 21 days whether the application is complete (reg 5(1)); it grants or refuses within 60 days of a complete application (reg 5(2)); and, on grant, issues the authorisation certificate within 7 business days of receipt of the authorisation fee (SI 99/2025, reg 5(2A)). Verbatim“The Central Bank shall, within 21 days after the receipt of an application, inform the applicant in writing whether the application is deemed complete … The Central Bank shall, within 60 days of the submission of a complete application … the Central Bank shall issue an authorisation certificate to the applicant, within 7 business days from the date of receipt of authorisation fee” | NPS (Licensing and Authorisation) Regulations 2014 — Schedule V (initial capital) + reg 5 (21-day completeness, 60-day decision) | 2014-12-29 |
| Local ownership | No such requirement: The NPS (Licensing and Authorisation) Regulations impose no local-shareholding or nationality cap on a payment service provider. | NPS (Licensing and Authorisation) Regulations 2014 — Schedule V (initial capital) + reg 5 (21-day completeness, 60-day decision) | 2014-12-29 |
| Fees | A value has been located but not yet verified, so we don't publish it here. | — | — |
| Ongoing obligations | A value has been located but not yet verified, so we don't publish it here. | — | — |
Requirements as published in the cited instruments — not legal or compliance advice. Capital and fees are shown in the currency the statute itself uses. Where a value is located but not yet verified, we show that it exists but don't publish the figure. Verify directly with the regulator.
Maintained: this official source is re-checked on a weekly schedule — last checked 2026-08-04 · unchanged since the previous check.
Who already holds this licence?
4 entities are on the Central Bank of Seychelles register under the Payment service provider category — view the register .
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