Forex & Securities Dealer License
Setting up Forex company in Seychelles
One of the most sought-after Jurisdictions
Among Brokers for Obtaining a Forex License
Advantages to set up Forex Company in Seychelles
- Estonia Cryptocurrency
Exchange & ICO
- Isle of Man Cryptocurrency
Exchange & Trade
- New Zealand
Cryptocurrency Trade and
Initial Coin Offering (ICO)
One of the World’s Leading
- Cyprus Brokerage Services
Forex Trading License
- Labuan Money Broker License (Forex)
- Mauritius Investment Dealer
& Broker License
Securities Dealers License,
- Vanuatu Securities Dealers
Licenses - Forex
A Location for E-Money and Payment Institutions
Ireland EMI License
- Mauritius Investment Dealer
- New Zealand FSP
Financial Services Providers
One of the World’s Prime Location for
E-Money and Payment Institutions
- BVI Hedge Funds
- Luxembourg - Private Asset
Management Company (SPF)
- Luxembourg SOPARFI Holding &
Institutions (EMI - PSP)
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).
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.
Seychelles Securities Dealer License
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$. That amount needs
to be hold in a bank account at the Seychelles (e.g. with our lawyers) and can be withdrawn as soon as the license is issued. It
can be used for building up the company, infrastructure measures etc.
- There are no restrictions in the number of clients to be accepted
The Seychelles Forex Securities Dealers License enables you to carry out the following services:
Selling your own shares to third parties
Issuing your own Managed Account products
Carry out trading on behalf of others (LPOA) etc. / CTA activities
Deposit-takings of third parties
Offering trading (self-trading or managed) in FX/Forex, CFDs, Futures
Managed Accounts Forex
Forex CTA activities
Trading in commodities (also agricultural commodities and spot metals)
Creation of your own price and fee schemes (managed account fees, profit shares, spreads, mark-ups, etc.)
The applicant company must:
- Be a company incorporated under the Companies Ordinance, 1972 or under the laws of a recognized jurisdiction (Please refer to Appendix for list of recognized jurisdictions)
- Employ at least 2 (two) natural person directors
- Employ at least one individual who is licensed as a Securities Dealer Representative
- Comply with the prescribed minimum issued and paid up (non-blocked) capital requirement of US$ 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
Corporate Key Requirements
|Type of entity to be eligible for Investment Dealer license
The timeline for incorporating
|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)
|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
|Professional Indemnity Cover||Mandatory. You can either arrange it by yourself or we can arrange it for you through our insurance
|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
|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
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)
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
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
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
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.
This website is only used for promotional marketing purposes of Atrium Legal Lab and is not intended to portray that this is the site of a bank. All prospective clients should consult a properly qualified tax professional in their own country to determine their own tax implications prior to embarking on any strategy described in this website. Since laws in each country are different, constantly change and can be subject to different interpretations by courts of law, any information herein regarding tax minimization needs to be verified by such competent counsel. While we have made every effort to ensure that the information contained in this website is accurate and correct due to constant changes in laws, rules and regulations Atrium Legal Lab Ltd accepts no liability for any loss or damage arising directly or indirectly from action taken or not taken relying on the information contained in this website. In particular no warranty is given as to the completeness, accuracy, reliability of such information and as to whether it is at all times up to date.
Atrium Legal Lab accepts no liability for any loss or damage direct or indirectly arising from the application of any information contained in this website, including any loss, damage or expenses arising from, but not limited to, any defect, error, mistake, inaccuracy, reliability of this website, its contents or related services, or due to any unavailability of this Site or any part thereof of any contents or related services.
Due to our internal policies to prevent fraudulent activities or violations of our internal AML policies we are regretting that we do not provide consultations, email support, on-boarding activities and customer care to all OECD black listed countries and their citizens / entities.