Seychelles Securities Dealer License: Unlocking Global Markets

A Seychelles Securities Dealer License is a license that permits a company to trade with securities either as a principal (on its own account) or as an agent (on behalf of its clients). Its legal basis for providing the services of a securities dealer is the Securities Act 2007 (amended in 2020) and its Regulations. The regulator of this activity is the Seychelles Financial Services Authority (FSA). So, if you want to deal with it - licensing by the FSA is a compulsory step.

To be able to engage in securities dealer business in Seychelles, a license from the FSA is obligatory

Key Numbers about Securities Dealer License in Seychelles

at least 2

directors

1,5%

business tax rate

at least 2

shareholders

0%

withholding tax (WHT) rate

$50,000

minimum issued and paid-up capital

$1,500

license application fee

Legal Opinion about Securities Dealer License in Seychelles

Ganna Voievodina

Manimama, CEO

"Obtaining a Securities Dealer License in Seychelles not only enhances the status and reliability of the company in the eyes of international business and investors, but also emphasises its commitment to high standards of regulation and professionalism".

Types of Activities with a License

Agreement services: Securities Dealer makes or offers to make an agreement with another person to enter into or offer to enter into an agreement, for or with a view to acquiring, disposing of, subscribing for or underwriting securities or in any way effects or causes to effect a securities transaction.

Participating in a transaction in a security: Securities Dealer participates as a Securities Dealer in any transaction in a security occurring upon a securities exchange.

Management of securities portfolio: Securities Dealer manages a portfolio of securities for another person on terms under which the firstmentioned person may hold property of the other person.

Sale or disposition of or other dealing: Securities Dealer causes any sale or disposition of or other dealing or any solicitation in respect of securities for valuable consideration, whether the terms of payment be on margin, instalment or otherwise or any attempt to do any of the foregoing.

Receiving an order to buy or sell a security: Securities Dealer receives as a Securities Dealer an order to buy or sell a security which is executed.

Choose the Package of Services

Advanced

Securities dealer registration with all necessary legal documentation

€40,000

  • Company formation in Seychelles
  • Individual AML/KYC policies
  • Securities Dealer License application
  • Company secretary for 1 year
  • Procedural documents for license application
  • Search, integration, direct employment agreement with a Compliance Officer
Order now

Basic

Securities dealer registration in compliance with minimum statutory requirements

€35,000

  • Company formation in Seychelles
  • Standard AML/KYC policies
  • Securities Dealer License application
  • Company secretary for 1 year
  • Procedural documents for license application
Order now

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Step by Step Description

Step 1. Company incorporation

To obtain a license you must first have an incorporated Seychelles business compliant with the regulations of the Seychelles Companies Act. Here what you need to do:

  • Select company type and name
  • Prepare documents
  • Submit application to the Registrar of Companies

Step 2. Opening a corporate account

You must have a minimum issued and paid-up capital of $50,000 for the time of the application process for license

Step 3. Preparing documentation

Prepare the obligatory documents for applying for a license, including passports, proof of address, certificate of registration and other necessary information

Step 4. Filing application with the FSA

Once the application is completed, we will submit it to the FSA along with the necessary fees

Step 5. Obtaining the license

Assuming all of the above steps are completed correctly, the FSA will grant the license

Understanding Requirements in Seychelles

An application submitted to the FSA for a Securities Dealer’s License must comprise of the following documents:

  • A cover letter signed by the applicant or the agent of the applicant
  • A completed application form
  • The relevant application fee
  • Certified true copies of the constitutional documents of the applicant
  • Personal questionnaire forms completed by each director, securities dealer representative applicants, compliance officer and key individuals of the application
  • Questionnaire form for shareholders and beneficial owners completed by each shareholder and beneficial owner that holds no management position in the proposed Securities Dealer
  • Audited financial statements of the applicant for the past 2 years except in the case of an applicant who was incorporated within the last 12 months
  • The last audited financial statements of the controlling owners of the applicant if the controlling owner is a non-individual
  • Proof of source of funds or wealth
  • Proof of physical place of office
  • The Representative Licence application form
  • Notice of place at which the Register of Securities is to be kept
  • A written notification from the representative
  • A copy of the insurance quotation of the applicant
  • A detailed business plan
  • Internal operations manual
  • Client service agreement or terms of business
  • Conflict of interest policy
  • Compliance manual
  • AML manual
  • Complaints handling manual
  • Business continuity plan

It is a mandatory requirement to submit this list of documents

Requirements for Securities Dealer License registration in Seychelles

Compliance with these requirements is mandatory for obtaining a license

The FSA will not grant a license unless it is satisfied that the applicant meets the following requirements:

  • Company registration - the applicant must be incorporated under the Companies Act or under the laws of a recognized jurisdiction
  • Number of directors - at least 2 natural person appointed as fit and proper directors (no nationality or residency restriction)
  • Number of shareholders - minimum 2 shareholders (no nationality restrictions for physical shareholders)
  • Representative - at least one individual who is licensed as a representative under section 52 of the Securities Act 2007
  • Capital - minimum paid-up capital of $50,000
  • Compliance officer - yes, he must be fit and proper
  • Physical presence - must have physical place of business within Seychelles
  • Insurance - the applicant should comply with the insurance requirement under section 73 of the Securities Act 2007
  • Fit and proper requirement - the applicant must satisfy the FSA that it is a fit and proper person to be licensed as a dealer
  • Auditor - licensee must appoint an auditor within 30 days of being licensed
  • Financial requirement - if licensed, the applicant should comply with any financial resources regulations that may apply to it
  • Keeping records or other documents - the applicant must have specified premises that are suitable for keeping records or other documents

Taxes and Concessions for Securities Dealer in Seychelles

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