FINANCIAL LICENSING
Brokerage License
In Seychelles
Securities Dealers License
Seychelles is a stable socio-economic region and a highly regarded jurisdiction to conduct your international business activities.
The Seychelles Forex License application has a fast turnaround and an appealing tax rate. Seychelles has recently introduced through the Seychelles Companies Act of 2003 a Special License Company (CSL). Although it is a more complex process it has several advantages, especially when it comes to Licensing from the FSA.
- Seychelles has become increasingly popular among Forex Brokers and CFD Brokers
- The Securities Dealers License in Seychelles allows you to buy, sell, trade securities such as shares, bonds, options, forex, etc and manage a portfolio of investments for and on behalf of your clients.
- Mauritius holds a number of Double Taxation Agreements
- It issues clear Investment Dealer licences within reasonable time, requires reasonablecapital requirements, charges reasonable license fees and has a low tax rate.
4-6 Months
Licensing Time
1.5%
Taxation ( On Audit )
License Type
- Securities Dealers License
Key Information You Need To Know
Required
Information
Information
Process
Required
Following documents are required to apply for license application.
For Each Director , Shareholder & Ultimate Beneficial Owner
- Notarised/Certified Passport Copy
- Notarised/Certified Proof of Address
- Notarised/Certified Bank Statement
- Bank Reference Letter
- Curriculum Vitae
Please provide below, if the company has corporate shareholder :
- Certificate of incorporation
- Memorandum and articles of associations.
- Articles of Incorporation
- Register of Directors & Shares
- Certificate of good standing (if the company is more than 12 months old)
Other Documents Required :
- Liquidity Provider Agreement
- Proof of Source of Wealth
If you have any questions, please feel free to contact us or write to support@startingoffshore.com
Information
Company Structure :
- 2 Directors With Experience in Securities Dealing/Brokerage
- 2 Local Mauritius Resident Directors – provided by us in the package.
Taxation :
- Standard corporate tax rate of 1.5% is reduced to a net effective tax rate of 0%
- No exchange control restrictions
- Free repatriation of profits, dividends and capital
- No exchange control restrictions
Accounting & Auditing:
- Audit should be done from Mauritius
- The Company will be required to fil audited financial statements and tax return within 3 months from its balance sheet date.
- Accounting records should be kept at the local offices of the administrator.
Registered Agent & Office – Required
Company Secretary- Required
PI Insurance Cover- Required
Physical Office in Seychelles – Required
Local Employees in Seychelles – Required
If you have any questions, please feel free to contact us or write to support@startingoffshore.com
Information
The Seychelles Securities Act 2007 provides the legal framework for the provision of Securities Dealer Services. The Seychelles Securities Dealer License is a license which allows your company to trade in securities either as a principal (on its own account) or as an agent (on behalf of its clients) – e.g. in Managed Accounts.
The regulatory authority is the Financial Services Authority (Seychelles) – FSA.
This license is particularly beneficial for companies worldwide, who deal and/or trade in securities. This license is an important tool for your organization to attract more clients. The license will give your regulated entity more credibility!
Capital Requirement – 50,000 USD
Permitted Activities under securities dealers license :
- 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
- 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)
If you have any questions, please feel free to contact us or write to support@startingoffshore.com
Process
In order to acquire a license, following steps will be carried out :
- Reviewing & Due Diligence of KYC of Directors & UBO
- Name Check & Reservation at ROC
- Preparing Application Forms, Drafting and Compiling Documentation & Reviewing of Application
- Filing Application with the Seychelles Financial Services Authority (FSA)
- Follow up and liaising with FSA
If you have any questions, please feel free to contact us or write to support@startingoffshore.com
FINANCIAL LICENSING
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