Cryptocurrency
Exchange

The Seychelles
Seychelles
Forex & Securities Dealer License
Set up Licensed Forex Company

The Securities Act 2007 provides the legal framework for the provision of Securities Dealer Services. A Seychelles Securities Dealer License is a license which allows a company to trade in securities either as a principal (on its own account) or as an agent (on behalf of its clients).

The regulatory authority, taking care to set up Licensed Forex Company, and which grants the authorization for such a firm, is the Financial Services Authority (Seychelles).

This Forex license is particularly beneficial for Companies worldwide, who deal/trade in securities. This license is an important tool for your organization to attract more clients. The license will give your firm more credibility in the eyes of your wholesale broker and your clients!

Effectively, an entity that holds a Seychelles Securities Dealer License can:

Advise other persons concerning investment in securities
Issue, analyse or prepare reports concerning specific securities
Manage a portfolio of securities for another person

A Securities Dealer License is basically a broker License that allows a company to trade in securities either as a principal (on its own account) or as an agent (on behalf of its clients).

Seychelles
One of the most sought-after Jurisdictions
Among Brokers for Setting Up to
Setup Licensed Forex Company

The Seychelles Financial Services Authority (formerly the Seychelles International Business Authority) is responsible for all Seychelles non-banking financial services including Forex brokerages, trust companies and issuing Forex trading licenses. In addition to issuing the licenses they are responsible for supervising, monitoring and developing the service industry which provides this sector with all it needs.

In 2013 the Financial Services Authority Act created the Seychelles Financial Services Authority tasking it with a specific mission – to create an environment which was conducive for nurturing and developing the financial service industry in the Seychelles in accordance with economic development tactics of the Seychelles in alignment with local and international regulatory best practices and norms.

When opting to set up Forex Company in the Seychelles you need submit an application for a Special License Company which was formulated according to the Seychelles Companies Act, 2003. This process can be more complicated and costlier than setting up an international company. However, it comes with more benefits especially when the business is licensed through the FSA.

To apply for a Special License Company (CLS) in the Seychelles you need to submit documents such as a business plan; market information; a marketing strategy; professionally prepared financial forecasting; corporate documents and the applicable application forms to the Seychelles Financial Services Authority (FSA). When you are issued with a Certificate of Approval you must then apply to the domestic Seychelles Registrar of Companies to incorporate your business. When this is done the Registrar will grant a Certificate of Incorporation which then allows you to get a Special License granted by the FSA stating that your company is to be a Special License Company.

Set up a Forex Company in the Seychelles
Seychelles Securities Dealer License
Advantages

Why a set up licensed forex company in the Seychelles?

The growing popularity of Seychelles as a preferred jurisdiction for setting up a Securities Dealer License is due to some of the elements below.

- Modern, expedient and flexible Seychelles Securities law
- Proven track record with a steady growth (10%+)
- Is an extensively researched law
- Outstanding political and social stability Is an enabling law
- Regulator flexibility
- Convenient time zone at GMT+4
- Enhanced privacy
- Excellent facilities in terms of service providers, communications, service businesses etc.
- Favorable corporate tax rate (1.5% p.a. on income)
- Attractive corporate and personal tax environment and access to tax treaties
- Allows the foreign Securities Dealers from recognized jurisdictions
- Free remittance of profits and capital
- Low required capital / no blocked capital. The required capital to get the license granted is just 50,000 US$. That amount needs
to be hold in a bank account at the Seychelles (e.g. with our lawyers) and can be withdrawn as soon as the license is issued. It
can be used for building up the company, infrastructure measures etc.
- There are no restrictions in the number of clients to be accepted

Set up Licensed Forex Company in the Seychelles
Permitted Activities

The Seychelles Forex Securities Dealers License enables you to carry out the following services:

Selling your own shares to third parties
Issuing your own Managed Account products
Carry out trading on behalf of others (LPOA) etc. / CTA activities
Deposit-takings of third parties
Offering trading (self-trading or managed) in FX/Forex, CFDs, Futures
Managed Accounts Forex
Forex CTA activities
Trading in commodities (also agricultural commodities and spot metals)
Creation of your own price and fee schemes (managed account fees, profit shares, spreads, mark-ups, etc.)

Securities Dealers
Licensing Requirements

The applicant company must:

- Be a company incorporated under the Companies Ordinance, 1972 or under the laws of a recognized jurisdiction (Please refer to Appendix for list of recognized jurisdictions)
- Employ at least 2 (two) natural person directors
- Employ at least one individual who is licensed as a Securities Dealer Representative
- Comply with the prescribed minimum issued and paid up (non-blocked) capital requirement of US$ 50,000
- Comply with the insurance requirement – the licensee ought to have a professional indemnity cover appropriate for the nature and size of the business
- Satisfy the Authority that a fit and proper person will be licensed as a Securities Dealer Representative
- Have specified premises that are suitable for keeping
   registers, records and other

Seychelles Financial Dealers Licenses
Corporate Key Requirements

Type of entity to be eligible for Investment Dealer license
The timeline for incorporating
Directors
Compliance officer
Domestic Company formation in Seychelles
The incorporation takes around 2 weeks.
Local Directors need to be appointed. Fit and proper directors from Seychelles
Mandatory – Compliance correspondence with FSA and record keeping in Seychelles
Registered office Mandatory – Fully furnished office fit for FSA approval.
The office includes the following services: Rent, electricity, water,
active phone number, cleaning and basic internet. (included in monthly fees)
Minimum capital
Local auditor
Domestic company in Seychelles with share capital of $50,000
The licensee must appoint is Auditor within 30 days of becoming licensed under the Act, who is acceptable to the
Securities Authority.
Professional Indemnity Cover Mandatory. You can either arrange it by yourself or we can arrange it for you through our insurance
provider
Local bank account Mandatory, the company is required to open a bank account in Seychelles and to deposit the share capital of $50,000
Preparation of Annual Financial
Statements
Based on number and nature of transactions
Requirements for audit A licensed securities dealer must have its accounts audited annually according to the International Financial
Reporting Standards

Our Services
Why Work with Atrium Legal Lab

We have an excellent track record having already successfully set up Licensed Forex Companies in the Seychelles (Seychelles Security Dealer License)
Hassle-free process
Fast, efficient and inexpensive
Atrium Legal Lab has amassed invaluable experience in this field
Professional and dedicated account manager
We assist with finding banking and payment options

Services We Offer

Set up Licensed Forex Company in the Seychelles (CSL) Special License Company (CSL)
Applying for a Security Dealer Seychelles License
Finding banking and payment solution opportunities
Opening Business Bank Account
Handling all paperwork and procedures
Setting up Forex Company

Should you have an enquiry
You would like to discuss with us
You can either call or email us.

One of our Customer Representatives will be most pleased to help and assist you

Send us your message Now!
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The information and materials contained in this website do not constitute an offer, invitation, solicitation, advice or recommendation to buy the products and services offered and rendered by Atrium Legal Lab and shall be applied with prior consultation.

Atrium Legal Lab does not offer legal or tax advice without consultation with certified professionals with related appropriate skill and expertise.

The information contained in this website is for general guidance on matters of interest only and should not be considered as guidance for financial or tax decisions, or a substitute for specific professional consultation.

Atrium Legal Lab is not a bank, nor does it provide banking services. Atrium Legal Lab offers international company formation, corporate administration services, and bank/broker introductory services and account opening assistance.

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