Seychelles vs Panama for a crypto company: which should you choose
Choosing between Seychelles and Panama for your crypto company depends on your need for a formal licence versus tax efficiency, with Seychelles offering a regulated framework and Panama providing a simpler corporate structure. CRYPTO LICENSE GUIDE · 2026 Seychelles vs Panama for Crypto licensing across 15+ jurisdictions CONSULTING24.CO Regulatory Environment: Seychelles Has a Licence, Panama Does Not Seychelles introduced a dedicated regulatory framework for digital assets through the Virtual Asset Service Providers (VASP) regime. Companies must obtain a licence from the Financial Services Authority (FSA) to operate legally. This licence signals compliance to partners and banks, though the application process can take 3 to 6 months and costs between EUR 8,000 and EUR 15,000 in government fees plus professional fees. Panama, by contrast, has no specific crypto licence. You can incorporate a Sociedad Anonima (SA) and conduct crypto activities without a dedicated permit. However,...