The offshore crypto-currency company in St. Vincent & Grenadines in 2024

Since 2003, Healy Consultants Group assists multi-national Clients’ with crypto-currency business set up in every country on the planet. This web page contains the information you need to determine if a St. Vincent & Grenadines (SVG) crypto-currency company is the optimum corporate structure for your business:

  • Steps to create an SVG crypto-currency company

    With Healy Consultants Group help, we recommend our multi-national Clients’ follow this strategy:

    • Create a quality business plan and financial forecast; and
    • Within a week, register an offshore SVG LLC or a Business Company; and
    • Within a month, open a multi-currency corporate bank account opening; and
    • Inject the required paid-up share capital (if any); and
    • Preparation of Operation System manuals, AMLA and KYC Framework; and
    • Appoint an AML officer; and
    • Prepare a quality regulatory license application to together with i) resume of shareholders and directors and bank signatory and ii) proof of no criminal record and iii) AML and KYC documents and iv) IT infrastructure and v) Customer service plan; and
    • Submission of a quality complete regulatory license application; and
    • Regular communication with the FSA and timely accurately and completely supply outstanding information; and
    • Staff provision and office rental (if required); and
    • Internal audit and compliance advisory (if required);
  • Regulatory license requirements

    Saint Vincent and the Grenadines Financial Services Authority (FSA) was established on November 12, 2012. The Virtual Assets Business Act (VASP) was passed on 10th of May 2022. This act however has not entered into circulation and currently crypto companies can operate without a license.

    Once the VASP regime becomes live, the SVG crypto license will be suitable for i) custody and ii) open a crypto exchange and iii) ICO and iv) ITO and v) and vi) DeFi project and vii) NFT Drops and viii) Launchpads and ix) mining.

    A summary of relevant requirements include:

  • Advantages of an SVG crypto-currency company

    Crypto enthusiasts are always on the lookout for new jurisdictions to put down roots with a stable legal system and relaxed regulations. The SVG crypto license application process will be straight forward once entered into circulation. Their regulatory framework is designed to be efficient and transparent, allowing entrepreneurs to start their cryptocurrency business from scratch with ease. Other business set up advantages include:

    • No corporation tax nor withholding tax; and
    • Low operating costs; and
    • No minimum paid-up share capital prerequisites; and
    • No limit on loans or paying dividends, except those mentioned in articles of incorporation; and
    • The non-resident shareholders are exempt from all taxes on income, capital gains and corporate taxes in St. Vincent; and
    • Annual economic substance reporting; and
    • Shares may be nominated in any currency, although US$ are widely used; and
    • Issuing your own tokens is one of the most efficient ways of raising money. An IBC in SVG is permitted to issue its own tokens and attract investments that way.
  • Our fees

    • Within three months, Healy Consultants Group will complete SVG crypto-currency business set up. Average engagement fees approximate US$15,625. A draft sales invoice follows:
    • View invoice PDF

  • Other interesting information

    • In December 2022, CoinW successfully obtained a crypto-currency regulatory license from the FSA. OKX already applied for SVGFSA licenses; and
    • Other crypto-currency companies in Saint-Vincent-and-Grenadines include CryptoRocket, CXM Trading, CXM Trading, ProfitiX; and
    • There are a few cryptocurrency companies in SVG that have been able to successfully issue tokens and raise money. One example is Bitt, which was able to issue its own cryptocurrency, called the Bitt token, and use it to raise funds for business; and
    • St Vincent and the Grenadines is the fourth member of the Eastern Caribbean Currency Union (ECCU) to approve virtual assets legislation drafted by St Kitts-based Eastern Caribbean Central Bank (ECCB); and
    • The ECCU member countries are Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, St Kitts-Nevis, St Lucia and St Vincent and the Grenadines.


To advance your SVG crypto-currency business set up, communicate with our Staff below:

Contact us

For additional information on our offshore crypto currency company 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!