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    Seychelles Securities Dealer License in 2026

    • At Tetra Consultants, our team of lawyers, licensing specialists, compliance professionals, and accountants will assist you in seamlessly obtaining a Seychelles Securities Dealer License in 2026. We provide end-to-end support including Seychelles company incorporation, preparation and submission of the securities dealer license application, regulatory compliance advisory, and post-licensing operational support, ensuring your business meets all requirements set by the Seychelles Financial Services Authority under the Securities Act (as amended in 2024)
    • If your company intends to offer services dealing in securities, you will need to obtain a Seychelles Securities Dealer License from the Seychelles Financial Services Authority (FSA) to begin doing so. This is required for both agents dealing in securities on behalf of clients, and principals who are dealing in securities in their own account.  
    • The licensing framework is governed by the Securities Act 2007, as amended by the 2024 Amendments to the Securities Act, which strengthened regulatory oversight and increased capital requirements for securities dealers operating in Seychelles.  
    • Under the Securities Act, a securities dealer can operate either in a principal capacity (trading on its own account) or in an agent capacity (executing trades on behalf of the clients). In both of these cases, your business should hire a licensed Securities Dealer Representative (SDR) that is approved by the Financial Services Authority (FSA).   
    • Our service package includes: 
      • Seychelles company incorporation with the Seychelles Registrar of Companies under the Companies Act 1972 
      • Local secretary and registered office address 
      • Appointment of Securities Dealer Representative (SDR)  
      • Professional Indemnity (PI) insurance arrangement  
      • Regulatory compliance advisory under AML/CFT Act 2020  
      • IT and cybersecurity compliance consultation including multi-factor authentication (MFA) and data residency requirements 
      • Corporate bank account opening 

    Main regulatory authorities supervising Securities Dealers in Seychelles in 2026

    Financial Services Authority (FSA) 

    • The Seychelles Financial Services Authority (FSA) is the main regulator responsible for issuing and supervising the Seychelles Securities Dealer License. The FSA assesses license applications, performs due diligence checks on shareholders, and directors, and ensure that the licensed firms adhere to the provisions of the Securities Act and the applicable financial regulations.  

    Financial Intelligence Unit (FIU) 

    • The Financial Intelligence Unit (FIU) oversees the implementation of anti-money laundering and counter-terrorism financing (AML/CFT) regulations. Licensed securities dealers should submit suspicious transaction reports and adhere with the AML/CFT framework when conducting financial activities.  

    Central Bank of Seychelles 

    • The Central Bank of Seychelles regulates the national financial system and supervises payment infrastructure within the jurisdiction. Securities dealers interacting with financial institutions or payment systems must ensure their operations comply with CBS regulatory standards. 

    MERJ Exchange 

    • The MERJ Exchange is Seychelles’ international securities exchange and plays an important role in facilitating global capital market activities within the jurisdiction. Securities dealers may interact with the exchange when facilitating trading or investment-related activities. 

    Requirements for Seychelles Securities Dealer License in 2026 

    Corporate structure requirements 

    •  You need to establish a compliant corporate structure before applying for the license. The key requirements consist of: 
    • Minimum of 2 qualified and experienced directors who must be residents of Seychelles 
    • Minimum of 2 shareholders 
    • Minimum paid-up capital of US$100,000 
    • Appointment of a qualified Securities Dealer Representative holding an authorized license  
    • Establishment of an approved representative office in Seychelles  

    Local substance and compliance requirements 

    • To maintain a Seychelles Securities Dealer License in 2026, the Financial Services Authority requires your business to maintain sufficient local operational substance. 

    Compliance requirements 

    • Appointment of an FSA-approved Money Laundering Reporting Officer (MLRO) residing in Seychelles  
    • Compliance with the provisions of the Anti-Money Laundering and Countering the Financing of Terrorism framework  
    • All directors, shareholders, and key personnel must also pass the Fit and Proper Test conducted by the Financial Services Authority, which assesses the applicant’s integrity, professional qualifications, financial standing, and relevant industry experience 

    Physical presence 

    • Maintenance of a dedicated non-virtual office space in Seychelles  
    • Secure infrastructure for record-keeping and regulatory inspections  
    • Insurance 
    • Continuous Professional Indemnity (PI) insurance coverage appropriate to the company’s business scope and trading volume  

    Audit requirements 

    • Submission of audited financial statements within 90 days of the financial year-end  
    • Maintaining these requirements ensures that the licensed entity continues to comply with regulatory obligations and remains in good standing with the Seychelles financial regulatory framework. 

    Steps to apply for a Seychelles Securities Dealer License in 2026?

    Step 1: Preparing documents needed to register a Seychelles business 

    • Tetra Consultants’ legal team and licensing specialists will advise you on the most appropriate corporate structure and ensure that all incorporation documents meet the regulatory requirements under Seychelles company laws. Our team will submit the following documents: 
      • Information about the company – Certificate of Incorporation, Article of Association, and more. 
      • Business name reservation proof. 
      • Passport and residential proof of the shareholders, directors, and ultimate beneficial owners. 
      • Reference from a bank showing good standing of the individual or company, if needed. 
    • After the company is registered, Tetra Consultants will register your business with the Seychelles Revenue Commission to obtain a tax identification number. 
    • Tetra Consultants’ tax team will handle the tax registration process and advise on ongoing tax compliance requirements applicable to licensed securities dealers operating in Seychelles. 

    Step 2: Seychelles company registration 

    • After receiving the mandated documents, Tetra Consultants will proceed to file for registration with the Seychelles Registrar of Companies. Our team will set up your company without the need for our international clients to travel. 
    • Once the registration process is completed, we will courier the necessary documents including the Certificate of Incorporation, Memorandum and Articles of Association and other Articles of Incorporation to your preferred address. 
    • Our lawyers and licensing specialists will coordinate directly with the Seychelles Registrar of Companies to ensure the incorporation process is completed accurately and efficiently. 

    Step 3: Preparing documents necessary for the license application 

    • After the company’s successful incorporation, you will need to prepare the mandatory documents for the application of the Seychelles securities dealer license with the FSA. 
    • These documents include: 
      • Passports of key applicants such as the directors, shareholders and license representative 
      • Proof of residence address of main applicants 
      • Certificate of Incorporation, Memorandum and Articles of Association of the business 
      • Certificate of good standing 
      • Identification information and address of directors, shareholders and other owners 
      • List and particulars of members, directors and beneficial owners 
    • Other documents will also be needed for the FSA to conduct KYC checks on each director, shareholder, license representative and other important applicants. The KYC information needed includes the following: 
      • Educational and professional qualifications of the key applicants 
      • 2 approved copies of recent passport photographs 
      • Detailed copies of latest resumes 
      • Bank references or a Credit Rating Agency report 
      • Tax clearance certificate 
      • Proof of membership in professional organizations 
      • Personal and corporate affiliations 
      • Current financial and corporate commitments 
    • Tetra Consultants will prepare a comprehensive business plan for your intended business activity. The business plan will consist of important aspects such as corporate structure, transaction flow, volume of transaction, third-party vendors, customer base and other considerations. Apart from this, Tetra Consultants’ HR team will also assist with the appointment of a licensed Securities Dealer Representative (SDR), ensuring the individual meets the Financial Services Authority’s fit and proper criteria and regulatory requirements. 
    • In addition to submitting corporate and licensing documentation, you need demonstrate that your business will maintain adequate operational infrastructure to support regulated financial activities. 
    • Licensed securities dealers are expected to implement appropriate IT and cybersecurity controls, including: 
      • Multi-factor authentication (MFA) for internal systems and trading platforms  
      • Secure data storage systems and data residency controls for sensitive financial information  
      • Periodic IT and cybersecurity audits to ensure the protection of customer data and financial transactions  
      • These measures help ensure that the firm maintains strong cybersecurity standards and complies with modern regulatory expectations for financial service providers 

    Step 4: Recruitment of local qualified directors and MLRO 

    • Simultaneously, Tetra Consultants will work on recruiting 2 local qualified directors in Seychelles. They will be employed under your company and will be able to represent your company in front of regulators and financial institutions. It is essential to find qualified candidates with adequate background in finance, payments or banking. 
    • Tetra Consultants’ HR team will help you to recruit a local compliance officer or MLRO (Money-Laundering Reporting Officer). This candidate should have past experiences working in the compliance role to ensure the company remains compliant with the regulations. 
    • Once the candidates are shortlisted, Tetra Consultants will prepare employment contracts as per local Seychelles employment laws. 

    Step 5: Applying for Seychelles Securities Dealer License with the FSA 

    • Tetra Consultants will then proceed to submit your2 application for the Seychelles securities dealer license to the FSA, together with the relevant documents needed. 
    • The FSA will then begin the process of KYC checks to ensure compliance with the Seychelles regulations. 
    • Tetra Consultants’ legal team and licensing specialists will liaise with the Financial Services Authority during the review process and respond to any additional information requests raised by the regulator. 

    Step 6: Corporate bank account opening

    • Once the license is attained, Tetra Consultants will work on opening international corporate bank accounts for your newly established corporate home. 
    • On average, Tetra Consultants will open at least 2 corporate accounts for you. This includes an operational account for business expenses such as paying salaries, rentals, and suppliers. The other account will be the segregated account where it is used to store customer funds and deposits. 

    Step 7: Staying compliant with government regulations 

    • Tetra Consultants will then continue to ensure that your business stays compliant with local corporate policies. 
    • Tetra Consultants will continue to provide you with the necessary accounting and tax services to ensure that you can continue to legally conduct business while staying compliant with regulatory obligations. Our accounting and tax team will timely prepare your firm’s financial statements, corporate tax returns and manage bookkeeping on your behalf. 
    • Companies registered in Seychelles must make an annual renewal payment. This payment is for the maintenance of the license, registered agent, and registered office address. 
    • Our team of dedicated consultants will continue to clarify any doubts you may have with regard to your company’s obligations. 

    Timeline and cost to secure Seychelles Securities Dealer License in 2026?

    • A typical application to the FSA for a license will take around 5 months to process in total. 
    • During the period, you will not need to travel to Seychelles personally. Tetra Consultants will assist your company in couriering the necessary incorporation and Seychelles securities dealer license application documents to the relevant authorities, as well as delivering the articles of incorporation and license approval details to your preferred address. 
    • The total cost of getting a Seychelles Securities Dealer License differs on the basis of multiple factors. The factors usually consist of scope of the proposed business activities, regulatory requirements, and operational setup. Typical cost components include government licensing fees payable to the Seychelles Financial Services Authority, company incorporation fees, registered agent services, professional compliance support, office setup, and mandatory insurance requirements such as Professional Indemnity coverage.  
    • In addition, you should maintain the minimum paid-up capital required by the regulator as well as budget for ongoing expenses such as annual license renewal fees, accounting, auditing, and regulatory compliance services. 
    • Tetra Consultants will provide you with a detailed cost breakdown at the beginning of the engagement in order to ensure transparency and help your businesses plan licensing process effectively. 

    Why obtain a Seychelles Securities Dealer License in 2026?

    There are a variety of benefits to obtaining a Seychelles securities dealer license. They are as follows: 

    Gain credibility and clients’ trust 

    • With an official Seychelles securities dealer license, your company will have greater credibility. Customers will be more willing to engage your securities dealers services if they are licensed, which will boost your company’s reputation and profits. 

    Access to a wide range of services 

    • A Seychelles securities dealer license will grant your business the authority and ability to offer key services. These include the ability to provide trading services in securities, forex and contract for differences (CFD), performing CTA activities, trading in commodities, offering investment advice as well as managing portfolios. 
    • Offering a wider range of services will allow your company to appeal to a larger demographic of clients, increasing your company’s competitiveness and attracting more customers. 

    Low minimum paid-up capital 

    • Under the 2024 Amendments to the Securities Act, the Financial Services Authority (FSA) has increased the minimum paid-up capital requirements for a Seychelles Securities Dealer License to US$100,000. FSA has also applied a risk-based capital framework, which implies firms providing higher risk-services like high-leverage forex trading or complex derivatives are required to maintain capital levels of up to US$250,000, based on their operational risk profile.  

    Regulatory credibility and international compliance  

    • Seychelles has improved its financial regulatory framework in the past few years. The jurisdiction has successfully exited the European Union Blacklist, and has continued to improve its regulatory standards under the global AML/CFT compliance frameworks.  
    • The government of the country has also implemented the National Payment System (NPS) digitization roadmap, which is aimed at modernizing financial infrastructure and improving oversight of financial institutions operating within Seychelles. This signals to international investors that Seychelles has remained a credible and well-regulated financial services jurisdiction.  

    Access to African market 

    • Seychelles provides strategic access to African and global markets while maintaining strong financial links with international banking systems and financial exchanges such as the MERJ Exchange. 

    Need a Seychelles Securities Dealer License in 2026? 

    • Tetra Consultants works as your advisor and trusted partner in your business expansion and securities dealer license application. With our own team of lawyers, licensing specialists, compliance team, and accountants, we tell you what you need to know, instead of what you want to hear. Most importantly, we are known for being a one-stop solution for our valued clients.   

    FAQs

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