Saint Vincent and the Grenadines company registration

DOING BUSINESS IN SAINT VINCENT AND THE GRENADINES IN 2023

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 entitiesOffshore companyOffshore crypto-currency companyOffshore bankResident company
Also known asLLCCrypto companyClass B bankBusiness company
Best use of company?Trading with global ClientsCrypto Trading / FinTechInternational banking servicesDoing business in the country
Regulated by?FSAFSAFSAFSA
Can do business within SVGNoYesNoYes
Company incorporation within1 week1 week1 week1 week
How soon can you hire local staff?Not allowed3 months3 months1 month
How long to secure regulatory license from FSA?Not required1 month2 months1 month
Must register with the Government tax authorityNoYesYesYes
How soon can you invoice Clients/sign sales contracts?1 week3 months3 months1 month
How long to supply corporate bank account numbers?2 months3 months4 months1 month
Corporate tax rate on annual overseas net profits?0000
Local physical office premises requiredNoNoYesNo
Beneficial owners register maintainedNoNoYesNo
Limited liability entity?YesYesYesYes
Minimum number of directors1121
Minimum number of shareholders1121
Resident director requiredNoNoYesNo
Must prepare annual audited financial statementsNoYesYesNo
Annual economic substance reporting?NoYesYesNo
Resident director/partner/manager/ legal representative required?NoYesYesNo
Minimum paid up share capital?US$ 1US$1US$ 500,000US$ 1
Corporate bank account location?USAUSAUSASVG
VAT payable on sales to local customers?YesYesNoYes
Average total business set up engagement costs?US$13,625US$15,625Request a proposalUS$ 13,825
Average total engagement period?3 months4 months5 months2 months

Saint Vincent and the Grenadines business setup summary

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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
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  • Contact me!