Securities Licence: FSA Seychelles
Company formation
Tools for Brokers is a technology provider for retail brokers, hedge funds, and prop trading firms.
We also provide company formation and licensing services to aspiring brokers, creating the best experience and the most optimised process. To achieve this, we have partnered with SALVUS Funds, a reliable provider of broker licences.
We can assist you with a securities licence in Seychelles and an investment licence in Mauritius. Here, we’ll explain what getting a Seychelles licence entails and what steps are required to acquire it.
What is the FSA Seychelles, and what does it do?
The Seychelles Financial Services Authority (FSA) is an autonomous regulatory body that oversees non-bank financial services within Seychelles. It is tasked with licensing and supervising persons engaged in activities related to capital markets, collective investments, insurance, and fiduciary services.
The FSA’s primary goals are to enhance and expand Seychelles’ non-bank financial services sector and safeguard the jurisdiction’s reputation while protecting investments for consumers and stakeholders.
Why acquire a Securities Licence in Seychelles?
A holder of a Securities Licence in Seychelles benefits from:
- Strategic time zone where you can execute business transactions across four continents in a single day.
- Proximity and broader access to African markets.
- Access to a skilled and well-educated workforce, with English as the official language, easing communication for international companies.
- Favourable tax regulations, with preferential tax rates for licensees who meet substantial activity requirements.
- Modern and adaptable legal framework governing securities.
- Enhanced privacy and asset protection due to the confidentiality guaranteed by Seychelles’ corporate laws.
- Low initial capital requirements and affordable fees for business incorporation and licensing.
Securities Business |
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The licence categories concerning the provision of securities-related services are the Securities Dealer and the Investment Advisor. The two categories define the following activities as per the table below.
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Securities Dealer
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Acting as a principal or agent by way of business:
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Investment Advisor
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Carrying on the business of advising on securities by way of business:
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The term “securities” encompasses shares, debt instruments, derivatives such as futures, options, forwards, contracts for differences (CFDs), and swaps on stocks, bonds, metals, commodities, and currencies, including cryptocurrency.
Regulatory Capital Requirements
A licenced securities dealer must maintain a minimum issued and paid-up capital of 50,000 USD, and a licenced investment advisor must uphold a minimum issued and paid-up capital of 25,000 USD.
Application Fees
The application fees set by the Seychelles FSA vary according to the specific category of licence. With an investment advisor licence, the fees may further depend on whether the applicant is an individual or a legal entity. Plus, there are one-time fees applicable for company incorporation and other regulatory requirements.
Annual Fees
The renewal fees for licences remain fixed and are contingent upon the type of licence held. For an investment advisor, the fees may also differ based on whether the applicant is an individual or a legal entity. Supplementary fees may be added based on the company’s regulatory obligations.
Licencing Timeframe
Based on our experience, the licensing process with the Seychelles FSA can be concluded within 3 months. However, the process might take longer due to the agency’s workload, the quality or completeness of the information provided, or the business plan presented. That’s why we recommend planning for 4 to 6 months in case there are any delays or additional information requests.
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