Seychelles

Capital Requirements: $50,000

Overview: Regulating non-bank financial services in Seychelles in line with the Financial Services Authority Act of 2013, the Seychelles Financial Services Authority (FSA) plays a pivotal role.

The Seychelles Securities Act 2007 lays down the legal structure for providing Securities Dealer Services. This includes the Seychelles Securities Dealer License, allowing firms to conduct securities trading, either as principals (on their own account) or as agents (on behalf of clients).

Requirements:

For firms offering forex services in Seychelles:

Incorporation in Seychelles is mandatory. Licensing must be obtained in adherence to regulatory standards. Meeting the minimum net worth requirement ($50,000) for a securities dealer license is obligatory. Two directors must be appointed, with the possibility of being non-residents. At least one individual, licensed as a representative under the Securities Act 2007, must be employed. Premises must be rented in Seychelles for record-keeping or other document-related purposes. The Money Laundering Reporting Officer (MLRO) must be a resident of Seychelles. No restrictions apply regarding leverage, PAMM/MAM accounts, or IBs.