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Our partners can assist obtaining a Seychelles Securities Dealer Licence

Overview
The Securities Act 2007 and its associated rules and guidelines allow for the establishment and licensing of Securities Dealer companies in Seychelles. A Securities Dealer is defined as a person engaged in activities related to the buying and selling of securities, including:

  • Entering Agreements: Making or offering to make agreements for acquiring, disposing of, subscribing for, or underwriting securities.

  • Transaction Facilitation: Causing sales or dealings in securities for valuable consideration.

  • Exchange Transactions: Participating in transactions on a securities exchange.

  • Order Execution: Receiving and executing orders to buy or sell securities.

  • Portfolio Management: Managing securities portfolios for others under agreed terms.

Definition of Securities
Under the Securities Dealer Licence, securities include:

  1. Equity Securities:

    • Shares and stocks in the share capital of companies in Seychelles or elsewhere.

    • Units in mutual funds as defined in the Mutual Fund and Hedge Fund Act.

  2. Debt Securities:

    • Debentures, bonds, and other instruments acknowledging indebtedness, excluding certain exemptions (e.g., checks, bank notes, contracts of insurance).

  3. Warrants:

    • Instruments entitling the holder to subscribe for securities defined in the categories above.

  4. Certificates:

    • Instruments conferring contractual or proprietary rights concerning securities.

  5. Options:

    • Options to acquire or dispose of various securities, currencies, or precious metals.

Key Features

  • Corporate Tax: 1.5% applicable on assessable (gross) income.

  • DTAA Benefits: Yes, Seychelles has Double Taxation Agreements.

  • Minimum Share Capital: USD 50,000.

  • Application Fee (Govt): USD 1,500.

  • Annual Fee (Govt): USD 3,000.

  • Financial Statements: Must file audited statements within 4 months of financial year-end.

  • Compliance Officer: Required for maintaining adequate systems to ensure compliance.

  • Directors: At least 2 natural directors must be appointed.

  • Representative: At least one licensed Securities Dealer Representative must be employed.

Substantial Activity Requirements
To meet these requirements, the core income-generating activities must be conducted in a physical office in Seychelles, including:

  • Employing qualified personnel for core activities.

  • Incurring adequate operating expenditures for such activities.

Benefits of Operating in Seychelles
Securities Dealer companies in Seychelles offer significant advantages, particularly for brokerage houses operating globally:

  • Modern Legislation: Flexible and contemporary Securities Law.

  • Efficient Licensing: Quick issuance of clear Securities Dealer licences with reasonable capital and fee requirements.

  • Cost-Effective Operations: Competitive tax rates and a variety of service providers available.

Our partners can offer the following services for Securities Dealers:

  • Structuring services.

  • Licence application and renewal for Securities Dealer Licence.

  • Provision of registered office address.

  • Professional directors and qualified secretarial services.

  • Opening of bank accounts.

  • Preparation of quarterly accounts and filing with authorities.

  • Preparation and filing of tax returns.