Licensing Criteria and Procedures for Applying for Saint Vincent and the Grenadines Forex Company License
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.