To carry out securities-related services in Seychelles, a business entity needs to acquire a Seychelles Securities Dealer License, often referred to as a Seychelles Broker’s License or Seychelles Brokerage License.
At Interactive Dealers, we aid our clients in the acquisition of a Seychelles Securities Dealer License, adopting an efficient and streamlined approach throughout the process. Our ultimate objective is to ensure your Seychelles securities dealer venture becomes operational within the projected timeframe.
Our comprehensive corporate service package encompasses all the necessary components for establishing a Seychelles securities brokerage entity:
Incorporation of the Foundation with Seychelles Registrar of Companies
Provision of a local secretary and registered office address
Appointment of a local management company and registered agent
Nominee founder services
Annual accounting services
What Constitutes a Seychelles Securities Dealer License?
If your corporation plans on providing securities-related services, it is mandatory to procure a Seychelles Securities Dealer License from the Seychelles Financial Services Authority (FSA). This requirement applies to both agents transacting in securities on behalf of clients, and principals trading securities in their own account. The Securities Act 2007 outlines the guidelines for rendering securities dealer services in Seychelles.
Why Should You Opt for a Seychelles Securities Dealer License?
Procuring a Seychelles securities dealer license offers several advantages:
Elevate Trust and Credibility
With an authorized Seychelles securities dealer license, your corporation will enjoy enhanced credibility. A licensed status will increase customer confidence in your securities dealer services, bolstering your company’s reputation and profitability.
Broaden Service Offerings
A Seychelles securities dealer license empowers your enterprise to deliver crucial services. These comprise trading services in securities, forex and contracts for differences (CFD), conducting CTA activities, trading in commodities, offering investment advice, and managing portfolios. By extending your service offerings, your company can cater to a broader client demographic, escalating competitiveness and customer attraction.
Minimal Required Paid-Up Capital
The obligatory paid-up capital to acquire a securities broker license in Seychelles is comparatively lower than other jurisdictions, at US$50,000. This allows corporations to economize and allocate resources to other expenditures.
Why Establish a Securities Dealer Business in Seychelles?
Seychelles presents an appealing jurisdiction for brokers and traders to establish businesses due to several benefits:
Economic and Social Stability
Before the COVID-19 pandemic, Seychelles sustained a stable economic growth rate of 4.2% annually. Although this dropped to 13.5% in 2020 due to pandemic-induced tourism loss, economic recovery is underway, with projections for steady growth rates by 2022. Additionally, English is the nation’s official language and the adult literacy rate stands at 95.87%, facilitating communication for corporations intending to conduct business or incorporate in Seychelles.
Privacy and Asset Protection
Seychelles’ corporate laws ensure privacy as information about directors and shareholders of each company isn’t publicly accessible. This proves beneficial for those seeking privacy and anonymity when applying for a securities dealer license in Seychelles.
Quick Incorporation Process
Seychelles companies can be registered within one week, with no minimum paid-up fund prerequisite. The swift registration process negates the need for purchasing a Seychelles shelf company, allowing for rapid business operationalization.
Business-friendly Legislation
Seychelles boasts business-conducive corporate laws, including a competitive corporate tax rate of 15%. Furthermore, Seychelles’ financial regulations are flexible and favorable to financial service businesses.
Access to the African Market
For firms aiming to tap into the African market and its substantial consumer base, Seychelles emerges as an excellent choice as one of the best African jurisdictions for conducting business.
Seychelles Securities Dealer License Requirements:
Minimum of two qualified and experienced directors (no nationality or residence constraints)
At least two shareholders
Minimum paid capital of US$50,000
Qualified securities dealer representative with an authorized license
Approved representative office
Compliance officer (MLRO) resident in Seychelles
Suitable insurance proof for the license in alignment with the company’s scope and nature.