Obtain St. Vincent and the Grenadines FX Company

Saint Vincent and the Grenadines Forex Company Formation

Easy&Cheap Forex Solution
Business in St. Vincent is well-known unregulated Forex jurisdiction with its’ tax-exempted entities, with strong asset protection structure and high level of confidentiality.
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Timeframe: 2 weeks

Minimum registered capital requirement: $1 USD


Overview

Saint Vincent and the Grenadines International Business Companies, are formed by corporate legislation in accordance with Companies Act. St Vincent Company can be established remotely in full. The other important corporate legislation aspect is an advanced level of confidentiality which caused by implementation of Confidential Relationships Act 1996.

This law guarantees strict confidentiality for its corporations and persons involved with them. This Act is believed to be one of the best privacy laws all over the world.

Main benefits

  • Forex company is required to submit annual reports to local authorities
  • Forex company can be managed / controlled from anywhere in the world
  • All documents and stamps of the company can be held anywhere in the world
  • Forex Company may issue shares with different rights, limitations and restrictions in one or more currencies
  • Bearer shares are allowed (not recommended)
  • Limited liability of shareholders
  • There are no requirements for annual external audit or publish any financial records
  • No investment restrictions, except for purchases of property in St. Vincent
  • No limit on loans or paying dividends, except those mentioned in articles of incorporation
  • No limit on the percentage of shares or property
  • The non-resident shareholders are exempt from all taxes on income, capital gains and corporate taxes in St. Vincent
  • Shares may be nominated in any currency, although US$ are widely used
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Licensing Criteria and Procedures for Applying for Saint Vincent and the Grenadines Forex Company License

Notable features
Procedure
Documents Required

General information

Company structure

  • At least 1 shareholder (no restrictions with regards to citizenship or residence)
  • At least 1 directors (no restrictions with regards to citizenship or residence)

Taxation

  • No corporate tax
  • No income tax on money earned outside of its territory
  • No interest tax 
  • No dividend tax

Registered office - Required

Secretary - Required

Company name

  • Company name must end with a word, phrase or abbreviation that indicated Limited Liability, such as “Limited’, “Ltd” or any relevant abbreviation
  • Names having Royal, Imperial, Republic,Commonwealth, Government are prohibited
  • Names that are misleading or deceptive are prohibited
  • Offensive names are prohibited
  • Identical or almost identical names are prohibited

In order to incorporate Saint Vincent Forex Company, the following steps shall be carried out:

  • Issuing the invoice
  • Selection of preferable company name
  • Preparation of constitutional and incorporation documents
  • Submission of the application and the documents to the Registry
  • Incorporation of the company
  • Apostillization of documents

Additional:

  • Opening Bank account

*Please note that Memorandum & Articles of Association needs to be signed by the Shareholders and returned in original to our office.


In order to obtain license, Offshorelicense will fill all necessary application forms and also acquire apostilled corporate documents. 

For that reason, please provide us with the following documents.

  • A notarized copy of valid passport (of each Shareholder and Director)
  • A copy of proof of residential address (ex. utility bil of each Shareholder and Director that is not older than 3 months)
  • Clean criminal records

Optional:

  • A bank Reference Letter (of each Director)
  • CV dated and signed (of each Shareholder and Director)
  • Legal reference (of each Shareholder and Director)

In order to open Bank account, please provide the following:

  • A notarized copy of a valid passport (of each Director and Shareholder of the company)
  • Copy of proof of address in English (ex. utility bill of each Director and Shareholder)

Optional:

  • Bank reference (of each Director and Shareholder)
  • CV (of each Director and Shareholder)

N.B.

  • If documents are not in English language they must be accompanied by a notarized translation.
  • Please ensure that notarization is in English language if not then please provide with notarized English translation.
  • When Shareholders are legal entities, it is required to provide apostilled set of corporate documents.

*3 weeks approximately will be required for the Bank account opening.