Incorporate in Saint Vincent & The Grenadines
Set up a Saint Vincent & The Grenadines Company
Business Company (BC)
Business Companies in St. Vincent have one of the simplest and straightforward registration procedures.
Requirements for a BC are minimal. No minimum paid-up capital required, the company may be incorporated with a sole shareholder and a sole director and annual general meetings are not mandatory.
Appointment of secretary is optional. It can be administered from St. Vincent or from any part of the world, and its books and records may be kept outside the territory.
BCs are allowed to issue registered shares, with or without par value, with voting or non-voting rights.
Shareholders and directors’ details of an IBC are not filed in any public registry.
Limited Liability Company (LLC)
Limited Liability Companies in Saint Vincent and The Grenadines are hybrid entities with separate legal personality and limited liability of its members but with greater structure flexibility than a corporation and taxed as a partnership.
There may be incorporated as a single-member LLCs, and there are no company structure requirements for its management, nor are there provisions for company meetings, directors, secretary, or capital. Its operating agreement may be arranged by its members according to their needs.
Saint Vincent and The Grenadines LLCs are vehicles commonly used for asset protection and investment structures.
In Saint Vincent and The Grenadines, the two most common corporate structures are the Business Company (previously, International Business Company or IBC), incorporated under the Business Companies (Amendment and Consolidation) Act (previously, the International Business Companies Act), and the Limited Liability Company (LLC), registered under the Limited Liability Companies Act.
Since 2019, we mainly incorporate limited liability companies as they still maintain tax-exempt status in Saint Vincent and The Grenadines.
Saint Vincent and The Grenadines Company (BC/LLC) Formation – USD 1,600.00 (All Included)
Note that our incorporation and annual corporate service fees are “all-included fees”, and cover all the required services to incorporate a Saint Vincent and the Grenadines Company, and keep it in good standing, as well as government fees and duties, disbursements such as courier fees.
Saint Vincent and The Grenadines Limited Liability Company (LLC)
- All applicable Registration and Government Fees (Registrar of Companies, SVG Financial Services Authority)
- Acting as the Organizer of the Limited Liability Company
- Preparing the Articles of Organization, and filing them with the Registrar
- Preparing the company Operating Agreement (including unlimited reviews)
- Preparing and executing designation and acceptance of Registered Agent
- Preparing the Organizational Meeting Minutes
- Preparing the Managers’ Consent Letter
- Providing the Certificate of Formation and Stamped Articles of Formation
- Providing the Certificate of Exemption from Direct Taxes, and the Certificate of Exemption from Import Duties
- Preparing the Register of Members and Register of Officers
- Preparing the Ownership Certificates
- Appointing Registered Agent
- Appointing Registered Office
- Delivering Original, and Notarized copies (upon request) of the Corporate Documents via Courier, inclusive of Courier fees
Saint Vincent and The Grenadines Business Company (BC)
- All applicable Registration and Government Fees (Registrar of Companies, SVG Financial Services Authority)
- Acting as the Incorporator of the Business Company
- Preparing Articles of Incorporation, and filing them with the Registrar of Companies
- Preparing the company Bylaws, and executing them as the Incorporator
- Preparing the Incorporation and Organizational Meeting Minutes
- Preparing the Directors’ Consent Letter and Resolution for the appointment of the First Director(s)
- Providing the Certificate of Incorporation and Stamped Articles of Incorporation
- Providing the Certificate of Exemption from Import Duties
- Preparing the Register of Shareholders and Register of Directors
- Preparing the Share Certificates
- Providing Registered Agent Services for the calendar year
- Providing Registered Office Services for the calendar year
- Delivering the Corporate Documents via Courier, inclusive of Courier fees
Time to form
It generally takes us one day to prepare and file the Articles of Incorporation/Articles of Formation and prepare the related corporate documentation and 1 to 5 days for the Registrar to issue the Certificate of Incorporation/Formation.
Bank Account Opening Services (Optional)
We can assist you in open bank accounts for companies in the following offshore jurisdictions:
Andorra Bank Account - USD $ 1,200.00Andorra Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsMorabancUSD 500,000YesUSD, EUR, CHF, CAD, AUD, SEK, NOK, NZDYesPrivate Bank with focus on wealth management. If they open a corporate account for an active company, they would need that either the account has a substantial amount on the account, or that the UBO himself opens an account for wealth management.
Antigua Bank Account - USD $ 300.00Antigua Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsDBankUSD 10,000YesUSD, EURYesIn euros DBank processes only via SEPA. In dollars at the moment only with correspondents in the US, through FEDWIRE (not ACH at the moment). Cash Secured Visa Credit Card available.Global Bank of CommerceUSD 25,000YesUSD, EUR, GBPYesCash Secured Visa Credit CardNorth International BankUSD 5,000YesUSD, EURYesUnionPay Cards work without inconvenience in the USA.
Armenia Bank Account - USD $ 1,200.00Armenia Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsOJSC UnibankUSD 50,000YesEUR, USD, RUB, AMDYesBusiness connection to Armenia is required. The annual outgoing turnover of the client should be at least 10 mln USD per year. The annual number of outgoing transfers should be at least 60 per year. Note that the banks considers smaller companies is well on case-by-case basis, but they could charges additional fees.
Bahamas Bank Account - USD $ 500.00Bahamas Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCapital Union BankUSD 1,000,000NoUSDYesFamily Offices, Fund Managers and Asset Managers only.CIBC FirstCaribbean International BankUSD 100,000YesMulticurrencyYesOnly companies registered in the Bahamas. Economic substance required.DeltecUSD 1,000,000YesMulticurrencyYesCredit Card available on a case by case basis.EFG BankUSD 1,000,000YesMulticurrencyYesRemote account opening is possible, but the bank will visit the client within first year after opening.Equity BankUSD 500,000YesUSD, EURYesPrepaid debit card available.
Belize Bank Account - USD $ 300.00Belize Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBelize Bank InternationalUSD 4,000YesEUR, GBP, USDYesCaye BankUSD 1,000YesUSD, EUR, GBP, CAD, CHF, AUD, AED, CNY, SEK, NOKYesPrepaid Visa cards available.Heritage BankUSD 3,000YesMulticurrencyYes
BVI Bank Account - USD $ 900.00BVI Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank of AsiaUSD 20,000NoUSD, GBP, HKDYesBank of Asia does not onboard corporations who have a connection in US and Russia.VP BankUSD 500,000NoMulticurrencyYesVP Bank offers services to local BVI residents as well as international clients who have BVI companies, trusts or fund structures. It is primarily focused on financing, investment management, custodial and securities trading accounts. No Commercial Activity, only for asset management business.
Cayman Islands Bank Account - USD $ 900.00Cayman Islands Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCayman National BankUSD 250,000YesUSD, EUR, GBP, CAD, AUD, JPY, SEK, CHFYesCIBC FirstCaribbean International BankUSD 25,000YesUSD, CAD, CHF, EUR, GBP, JPY, AUDYesNCB Cayman LimitedUSD 100,000YesUSD, EUR, CAD, GBP, AUD, MulticurrencyYesNCB Cayman Bank offers trading, private and investment bank accounts
Cook Islands Bank Account - USD $ 600.00Cook Islands Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCapital Security BankUSD 250,000YesUSD, EUR, GBP, CAD, NZD, AUD, SGD, HKDYesClients can have a corporate account for operational purposes only if they open an investment account as well.
Curaçao Bank Account - USD $ 500.00Curaçao Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsExprinter International Bank N.V.USD 100,000NoMulticurrencyYesInternet Banking only for viewing the account, not for operating
Cyprus Bank Account - USD $ 1,200.00Cyprus Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank of CyprusN/AYesMulticurrencyYesSupports large Cypriot and international groups, preferably operating from Cyprus and international companies in their expansion and operations in Cyprus.
Dominica Bank Account - USD $ 300.00Dominica Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBanfers International Private Bank (former Ferz Global Bank)USD 35,000-50,000YesUSD, EUR, GBP, CHFYesMinimum initial deposit 35.000 USD, 50.000 USD - depending on the risk and account typesEqiBankUSD 15,000YesUSD, EUR, GBPYesKingdom BankN/ANoEUR, USDYesSWIFT transactions are carried out only through a pool account in the name of the bank.
Gibraltar Bank Account - USD $ 1,200.00Gibraltar Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsMoneycorp Bank Limitedcase-by-caseNoMulticurrencyYesTuricum Private BankUSD 200,000NoUSD, EUR, GBPYes
Hong Kong Bank Account - USD $ 1,400.00Hong Kong Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsDBS BankHKD 200,000YesHKD, USD, MulticurrencyYesA business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.
Isle of Man Bank Account - USD $ 1,200.00Isle of Man Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCapital International BankN/ANoUSD, AUD, EUR, CZK, DKK, HUF, SGD, JPY, NOK, GBP, ZAR, ILS, NZD, PLN, CHF, SEK, CAD, BGNYesPreferred industries: Asset Holding Entities, e-sports, yachting, aviation, e-commerce, internet sales and trading, business consultancy, advertising and marketing, property development and management.
Labuan Bank Account - USD $ 500.00Labuan Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank IslamUSD 10,000NoUSD, JPY, SGD, EUR, GBPYesCitibankUSD 250,000NoMulticurrencyYesMayBank International Labuan BranchUSD 25,000NoUSD, EUR, CAD, CHF, GBP, HKD, SGD, JPY, THB, AEDYesThey focus more on Labuan incorporated entities.
Liechtenstein Bank Account - USD $ 1,200.00Liechtenstein Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBendura BankUSD 500,000NoMulticurrencyYesEvery active NFE needs to have a substance.
Luxembourg Bank Account - USD $ 1,200.00Luxembourg Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsEast West United BankN/ANoUSD, EUR, GBP, RUB, CHFYesCompanies conducting commercial activities are expected to conduct at least 30 incoming / outgoing transactions per month.
Mauritius Bank Account - USD $ 600.00Mauritius Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank OneUSD 50,000NoMulticurrencyYesInvestecUSD 50,000YesMulticurrencyYes
Nevis Bank Account - USD $ 300.00Nevis Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBONIUSD 10,000NoUSD, EUR, GBP, Multicurrency, CHF, CADYesHamilton Reserve BankUSD 100,000NoUSD, EUR, GBP, CHF, AUD, CAD, AED, JPY, SGD, HKDYesIMBLUSD 25,000NoMulticurrencyYes
Panama Bank Account - USD $ 1,200.00Panama Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCapital BankUSD 20,000YesUSDYesCredicorpUSD 50,000YesUSD, EURYesMMG BankUSD 10,000YesUSD, EUR, CHF, GBP, CADYes
Puerto Rico Bank Account - USD $ 300.00Puerto Rico Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsStrategic BankUSD 150,000NoUSDYesArival BankN/ANoUSDYesCB International Bank LLCN/AYesMulticurrencyYesUnionpay Merchant service for clients.
Saint Lucia Bank Account - USD $ 300.00Saint Lucia Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsPROVEN BANK (Former BOSLIL)USD 5,000YesUSD, EUR, GBP, HKD, Multicurrency, CAD, CHF, AED, AUD, NZD, NOK, SEK, THB, JPY, ZARYes
Seychelles Bank Account - USD $ 500.00Seychelles Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsAl SalamUSD 25,000NoUSDYesInternet banking is in view mode only, all transactions are carried out via email or by phone.
Singapore Bank Account - USD $ 900.00Singapore Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsOCBC BankUSD 30,000NoUSD, SGD, AUD, CAD, HKD, NZD, GBP, EUR, JPY, CHFYesNexus in the form of client/supplier/partner/contractor in Singapore required.RHBSGD/USD 30,000NoMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.DBS BankSGD 250,000NoMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.UOB BankSGD 250,000NoMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.Credit SuisseUSD 3,000,000NoUSD, SGDYesBank of ChinaSGD 100,000NoUSD, SGD, EUR, GBP, NZD, RMB, AUD, JPY, HKD, CHF, CADYesNexus in the form of client/supplier/partner/contractor in Singapore required.HSBCSGD/USD 30,000NoSGD, AUD, CAD, RMB, EUR, HKD, JPY, NZD, GBP, USDYesNexus in the form of client/supplier/partner/contractor in Singapore required.
Switzerland Bank Account - USD $ 1,200.00Switzerland Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsMaerki BaumannCHF 500,000YesMulticurrencyYesmbaerCHF 5,000NoMulticurrencyYesCompanies must have an expected turnover of at least CHF 3,000,000.SygnumCHF 3,000,000NoMulticurrencyYesDeposit must be maintained in crypto assets held through the bank's custody services. Minimum Average Balance for high risk jurisdictions should be 1-2Mio CHF.Credit SuisseCHF 1,000,000NoMulticurrencyYesSEBA BankCHF 500,000YesEUR, GBP, CHF, CAD, AUD, JPY, SGD, PLN, HKD, NOK, SEK, ILS, MXN, DKK, TRL, NZD, AEDYesSEBA Bank does not open accounts with a pure transactional business nexus.
USA Bank Account - USD $ 1,400.00USA Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsUSA Bank AccountUSD 100,000NoUSDYesmin deposit USD 100k and more AND/OR with revenues of USD 1MUSA Bank AccountUSD 5,000YesUSDYesThe company should trade in Asia and the USA.USA Bank AccountTypically USD 25,000 - USD 50,000, for high risk USD 500,000YesUSDYesAt least one US based signatory is required. Purpose to open an account in US is required.USA Bank Accountfrom 10,000 but preferred 250K-300KYesUSD, MulticurrencyYesThey tend to focus more on technology/startup companies that are focused on growing and scaling through future equity raises and subsequent debt facilities.
Vanuatu Bank Account - USD $ 500.00Vanuatu Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsPacific Private Bank1,500 EURNoEUR, GBP, USDYesOutgoing USD transactions cannot be facilitated.
EMI Account - USD $ 300.00EMI AccountsEMIMin DepositCardsCurrenciesRemoteDNBC (CA) (former DSBC)N/ANoEUR, CAD, GBP, CHF, HKDYesAirwallexN/AYesMulticurrencyYesCurrenxieN/AYesMulticurrencyNoPayoneerN/AYesMulticurrencyYesStatrysN/AYesMulticurrencyYesCollect & PayDepending on category.NoMulticurrencyYesBankeraN/AYesEURYesConnect PayN/AYesMulticurrencyYesGurupayN/ANoEURYesIBSettleN/ANoEURYesMistertangoN/AYesEURYesSettleDeskN/ANoEURYesValyuzN/AYesEUR, USD, GBP, SEK, JPY, HKDYesVerifoN/ANoEURYesVialetN/AYesEURYesFinductiveN/ANoEURYesAspireN/AYesSGD, USDYesBilderlingsN/AYesEUR, GBPYesCashaaN/ANoEUR, GBPYesIFXN/ANoEUR, GBPYesInterpolitan MoneyDepending on category.NoMulticurrency, USD, EUR, GBPYesMoneviumN/ANoEURYesMontifyN/ANoMulticurrencyYesRationalFXN/ANoMulticurrencyYes
Our bank account opening service is not just a mere introduction to the bank. We assist you in filling out the business plan forms appropriately and help you understand and provide business details, commercial information, and purpose/use of the bank account that a given bank wants to know in order to approve your account application.
Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.
Saint Vincent and The Grenadines Company (BC/LLC) Annual Fees – USD 800.00 (payable every December)
- All Applicable Annual Government Fees
- Maintaining the Minute Book, Registers and Statutory Records
- Registered Agent Service for the calendar year
- Registered Office Service for calendar year
Nominee Services (Optional)
- Nominee Director/Manager (Corporation) – USD 1,100.00 per annum
- Nominee Shareholder/Member (Corporation), including a Deed of Trust – USD 1,100.00 per annum
*If an Apostilled and Notarized General Power Of Attorney to be designated as attorney-in-fact is required, there is an additional one-time fee of USD 350.00 (Optional)
Other Services (Optional)
- Formation of Series-LLC
- Establishment of Trusts, and provision of Trustee Services
- Continuation of Foreign Companies
- Secretarial Services
- Accounting Services
Please, contact us for further information.