Fees and timelines to setup business in St. Vincent and the Grenadines in 2024

Fees

payment by instalmentSVG company incorporation costs in Year 1 amount to US$4,900 and annual company costs in Year 2 thereafter amount to US$1,300. The average fee per Saint Vincent and the Grenadines company setup engagement amounts to US$13,625, which includes company incorporation, opening a local corporate bank account, and all government fees. Refer to draft invoice embedded here.

Different St. Vincent & Grenadines entity types Cost Draft invoice
Offshore LLC US$13,625 View invoice PDF
Crypto-currency company with multi-currency corporate bank account US$15,625 View invoice PDF
Offshore company annual renewal US$5,450 View invoice PDF

Timelines

The average St. Vincent & the Grenadines business set up engagement period is 3 months as outlined below:

Offshore LLC Offshore BC Offshore bank
Engagement Planning 1 week 1 week 3 weeks
Company incorporation period 1 week 1 week 18 weeks
Bank Account approval 8 weeks 8 weeks 12 weeks
Internet Banking approval 2 weeks 2 weeks 2 weeks
Engagement completion 1 week 1 week 1 week
Total engagement period 3 months 3 months 6 months

Contact us

For additional information on our company setup 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!