Our international banking partners, Consultrio, can help you open a bank account for your crypto company in Saint Vincent and the Grenadines (SVG)
Offshore Crypto Company Registration in St Vincent and the Grenadines
St Vincent and the Grenadines (SVG) has become a preferred jurisdiction for offshore crypto company registration due to its favorable regulations, tax benefits, and streamlined company formation process. At Consultrio, we provide expert guidance in setting up your crypto exchange, trading, or blockchain business in SVG.
Our end-to-end service ensures a seamless process, covering company formation, licensing, banking solutions, and regulatory compliance.
The SVG jurisdiction’s efficient administrative procedures enable you to form a company quickly, allowing you to concentrate on growing your crypto venture. The regulatory framework is designed to be accessible, making it easier to manage ongoing legal and administrative obligations while focusing on core business operations.
Streamlined Company Formation and Simplified Compliance
Many companies register as International Business Companies (IBCs) or offshore companies, benefiting from exemptions on local taxes in SVG, which can be particularly attractive for crypto exchanges and blockchain startups.
No Corporate Tax for Offshore Entities
With lower incorporation fees and reduced operational costs in SVG, this region is ideal for startups and established crypto firms looking to optimize budgets.
Cost-Effective Registration
St. Vincent and the Grenadines offers strong privacy protections for business owners. The confidentiality laws in the jurisdiction help safeguard your personal and business information, providing a secure environment for operating your crypto enterprise.
Privacy and Confidentiality
Why Choose St. Vincent and the Grenadines for Your Crypto Business?
Key Requirements to obtain a VASP License from FSA in Saint Vincent Grenadines (SVG)
To legally operate a cryptocurrency business in Saint Vincent and the Grenadines (SVG), companies must obtain a Virtual Asset Service Provider (VASP) License from the Financial Services Authority (FSA). This license allows businesses to engage in virtual asset-related activities, ensuring compliance with international financial regulations and local laws.
1. Business Scope
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The company should outline its crypto-related activities, such as crypto exchanges, wallet services, asset custody, or other virtual asset services.
2. Compliance with AML/CFT Regulations
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VASPs Companies in SVG must implement Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) measures, including customer due diligence (CDD) and Know Your Customer (KYC) procedures.
3. Risk Management & Security
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Companies must demonstrate robust security measures to protect users’ funds and data.
4. Local Representation
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A registered office or legal representative within SVG is typically required.
5. Regulatory Reporting
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VASPs must maintain proper records and submit periodic reports to the FSA in Saint Vincent and Grenadines
Minimum requirements to register a crypto offshore company in St. Vincent and the Grenadines (SVG)
1. Shareholders & Ownership Structure
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Minimum Shareholders: 1 (Can be an individual or a corporate entity)
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Maximum Shareholders: 50
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Minimum Directors: 1 (Can be the same as the shareholder)
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Resident Director Required? - Not required
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Company Secretary: Not required
2. Paid-Up Capital Requirements
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No minimum capital requirement in most cases to register IBC in St. Vincent and the Grenadines
3. Office Space Requirement
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Registered office in St. Vincent and the Grenadines will suffice and provided by Consultrio
4. Business Plan & Operational Strategy
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Detailed Business Model - Outline your crypto services—be it trading, asset management, or blockchain development—and provide a clear revenue model
5. VASP License Approval by Financial Services Authority in Saint Vincent and Grenadines
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To legally operate a cryptocurrency business in Saint Vincent and the Grenadines (SVG), companies must obtain a Virtual Asset Service Provider (VASP) License from the Financial Services Authority (FSA). This license allows businesses to engage in virtual asset-related activities, ensuring compliance with international financial regulations and local laws.
6. Compliance & Regulatory Approvals
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Data Protection Compliance: Required for businesses handling personal data (must comply with Data Protection Laws & GDPR if serving EU clients)
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Cybersecurity Compliance: Crypto businesses must follow Cybersecurity Compliance
Registration process step by step
01
Preparation & Documentation
We work with you to create a comprehensive business plan and financial projections and Our team prepares all required incorporation documents and ensures compliance with local VASP regulations set by FSA in Saint Vincent and the Grenadines.
02
Application form and Submission to Registrar (3-4 days)
We submit your application for company registration and the relevant crypto license to the authorities in St Vincent and the Grenadines - Financial Services Authority in St Vincent and the Grenadines (FSA).
03
Approval and Issuance
Once the application meets all requirements set by St. Vincent and the Grenadines registry and Financial Services Authority, your company and crypto license are issued promptly.
04
Bank Account Opening
We assist in opening offshore bank accounts tailored to your crypto business needs.
05
Ongoing Support
From regulatory compliance to operational guidance, Consultrio remains your trusted partner for continuous business support.
