Seychelles Securities Dealer License

The Securities Act 2007 provides the legal framework for the provision of Securities Dealer Services.

A Securities Dealer as per the definition of the Securities Act, 2007 is:

  1.   Who carries on business of dealing in securities, or
  2.   Who holds himself out as conducting such business described below:
    1. 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 affect a securities transaction.
    2. 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.
    3. Participates as a securities dealer in any transaction in a security occurring upon a securities exchange
    4. Receives as a securities dealer an order to buy or sell a security which is executed.
    5. Manages a portfolio of securities for another person on terms under which the first mentioned person may hold property of the other person.

Benefits of Obtaining s Seychelles Securities Dealer License.

  1. The entity that holds the securities dealer license can advise other persons concerning investment in securities.
  2. Issue, analyze or prepare reports concerning specific portfolios.
  3. Manage a portfolio of securities for another person.

Legal Requirements

Seychelles Securities Dealer Licence Corporate Details
General
  • Type of Licence
Securities Dealer License
  • Underlying entity
Seychelles Domestic Company
  • Registered Office in Seychelles
Yes
  • Our time to establish a new company
3 months
  • Corporate Taxation
1.5%
Share capital or equivalent
·         Standard currency USD
  • Minimum paid up
USD 50,000
Service Providers
  • Authorised Representative
Yes
  • Company secretary
Yes
  • Compliance Officer
Yes
  • Auditor
Yes
Directors
  • Minimum number
2 (At least one should be a Securities Dealer Rep)
  • Local required
No
Shareholders
  • Minimum number
2
  • Corporate shareholder allowed
Yes
Accounts
  • Requirements to prepare
Yes
  • Audit requirements
Yes, on annual basis
  • Requirements to file accounts
Yes