Seychelles Securities Dealer License.

The Seychelles Financial Services Authority regulates licensing under the Securities Act 2007 and its Regulations. The Dealers in Securities licence may be issued Unrestricted (no restrictions), Restricted (limitations on the number, type or investment value of clients) or Exempt Overseas.

Company structure

• Minimum 2 shareholders (no nationality restrictions for natural persons)
• Minimum 2 resident directors (no nationality restrictions for natural persons)

Taxation

• No tax on income and dividends
• No capital gains and inheritance tax
• No exchange control restrictions
• Standard corporate tax rate of 15% reduced to a net effective rate of 3%
• Free repatriation of profits, dividends and capital

Accounting and audit

• A Securities Dealer must have its accounts audited annually by an auditor
• The applicant must put forward the designated auditor for approval by the Authority at the time of application
• The auditor can be from any jurisdiction provided they meet the criteria of the Act

Local presence

• Registered Agent – required
• Registered office – required
• Secretary – required
• Authorized Representative – required

Authorized Representative

• Every principal applicant (the designated Securities Dealer) must be accompanied by at least one authorized representative who must be an individual
• A director may apply to be an authorized representative provided they meet the fit-and-proper criteria

Entity requirements

• The applicant must be a Seychelles domestic company under the Companies Ordinance 1972 or its successor

Steps to obtain licence

1. 1
   Collection of the information
2. 2
   Company incorporation
3. 3
   License application preparation
4. 4
   Filing of the application
5. 5
   Procuring of office
6. 6
   License approval
7. 7
   Post-licence compliance