a) The license Scope
Per the definition of the Securities Act, 2007 a person is regarded as carrying on business of giving advice on securities if he, by way of business;
• advises other persons concerning investment in securities;
• issues, analyses or reports concerning specific securities; or
• manages a portfolio of securities for another person –
i. without holding property of the other person; and
ii. on terms that preclude him from doing so
This license is particularly beneficial for investment groups, individuals or companies worldwide who manage and advise for investment funds, HNWIs for wealth management, preservation and structuring advice. The Seychelles Investment Advisor License would be more helpful especially if the clients have given you the Power of Attorney to manage and organize their portfolio.
b) Licensing Minimum Requirements
• Minimum capital requirement (USD 25,000)
• Applicant can be either an individual or a limited company
• Employ a licensed securities dealer representative (can be one of the Directors)
• Operating office in Seychelles
• Employ a Seychelles resident compliance officer and an alternate compliance officer
• Obtain a professional indemnity cover appropriate for the nature and size of the business
