Saint Vincent and the Grenadines company registration

DOING BUSINESS IN SAINT VINCENT AND THE GRENADINES IN 2024

pay fee by instalmentsbusiness setup without travelGuaranteed solutions

Since 2003, Healy Consultants Group assists multi-national Clients’ with business set up in Saint Vincent and the Grenadines (SVG) including i) company registration and ii) regulatory licensing iii) multi-currency corporate bank account opening and iv) annual legal, accounting and tax obligations. Examples of popular SVG entities include:

Compare different SVG entities Offshore company Offshore crypto-currency company Offshore bank Resident company
Also known as LLC Crypto company Class B bank Business company
Best use of company? Trading with global Clients Crypto Trading / FinTech International banking services Doing business in the country
Regulated by? FSA FSA FSA FSA
Can do business within SVG No Yes No Yes
Company incorporation within 1 week 1 week 1 week 1 week
How soon can you hire local staff? Not allowed 3 months 3 months 1 month
How long to secure regulatory license from FSA? Not required 1 month 2 months 1 month
Must register with the Government tax authority No Yes Yes Yes
How soon can you invoice Clients/sign sales contracts? 1 week 3 months 3 months 1 month
How long to supply corporate bank account numbers? 2 months 3 months 4 months 1 month
Corporate tax rate on annual overseas net profits? 0 0 0 0
Local physical office premises required No No Yes No
Beneficial owners register maintained No No Yes No
Limited liability entity? Yes Yes Yes Yes
Minimum number of directors 1 1 2 1
Minimum number of shareholders 1 1 2 1
Resident director required No No Yes No
Must prepare annual audited financial statements No Yes Yes No
Annual economic substance reporting? No Yes Yes No
Resident director/partner/manager/ legal representative required? No Yes Yes No
Minimum paid up share capital? US$ 1 US$1 US$ 500,000 US$ 1
Corporate bank account location? USA USA USA SVG
VAT payable on sales to local customers? Yes Yes No Yes
Average total business set up engagement costs? US$13,625 US$15,625 Request a proposal Request a proposal
Average total engagement period? 3 months 4 months 5 months 2 months

Saint Vincent and the Grenadines business setup summary

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Contact us

For additional information on our business set up services in St. Vincent and the Grenadines, please contact our in-house country expert, Mr. Petar Chakarov, directly:
client relationship officer - Petar
  • Mr. Petar Chakarov
  • Sales & Business Development Manager
  • Contact me!