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:
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.
Debt Securities:
Debentures, bonds, and other instruments acknowledging indebtedness, excluding certain exemptions (e.g., checks, bank notes, contracts of insurance).
Warrants:
Instruments entitling the holder to subscribe for securities defined in the categories above.
Certificates:
Instruments conferring contractual or proprietary rights concerning securities.
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.
Offshore FX Global
International money transfer specialist
GET IN TOUCH
© 2022 All rights reserved.