Intelligent Solution Group > Services > LLC registration in St. Vincent and the Grenadines (SVG)

LLC registration in St. Vincent and the Grenadines (SVG)

The jurisdiction of Saint Vincent and the Grenadines is a versatile solution for launching iGaming operations and crypto projects.

Price: from €3250

In the SVG, there are no residency requirements for opening bank accounts; companies may deal with any bank. Another key advantage of this jurisdiction is confidentiality. Business owners and shareholders may be citizens of any country. LLCs are not required to disclose information about the company’s directors and shareholders, and this information will not appear in the SVG Companies Registry.

If you are planning to launch a gambling business, please take a look at the service “Company registration in the Special Administrative Region and obtaining a license in Anjouan”

Advantages

staff may not have a relevant degree

no corporation tax*

authorised capital from $1

There is no need to hold shareholders’ meetings at the SVG

lack of audits

There are no foreign exchange controls on transactions up to $100,000

*if the company does not operate in that jurisdiction.

What are the requirements for businesses wishing to register a company?

1

The company is not subject to taxation in Saint Vincent and the Grenadines, provided that the LLC conducts its business and generates profits overseas.
2

Owners and shareholders may be citizens of any country. AML and KYC are mandatory procedures that business owners must complete when registering a company in the SVG. These procedures involve not only providing personal documents, but also undergoing a video interview with a representative of the registration agent in the country, and verifying personal mobile numbers and email addresses.

3

At present, there is no legal requirement to submit annual accounts.
4

The company’s organisational structure must include at least one director and one shareholder. These roles may be held by a single person, whether a legal entity or a natural person who is not a resident of the SVG.
5

Saint Vincent and the Grenadines is one of the few countries in the world that does not regulate cryptocurrency-related activities; furthermore, the local regulator does not carry out any monitoring nor impose additional due diligence requirements on LLCs.

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What information is required to register a company with the SVG?

the company’s name and the full names of its directors;
the names of the company’s employees;
the number of shares issued;
the names of the shareholders;
the par value of the shares;
the currency in which the shares were or will be issued; the authorised capital.

Our specialists will be on hand and available to answer any questions you may have at every stage.

Steps involved in registering a company in Saint Vincent and the Grenadines

Analysis of the task at hand, selection of a solution method.

Preparing documents, completing forms and submitting applications. Providing advice to clients where necessary.

Choosing a name for a legal entity and checking for duplicates in the Register.

Submitting an application to register a company.

Assistance with opening a corporate bank account.

Assistance with obtaining gambling or crypto licenses.

Additional services

charged separately

opening a bank account with a Chinese bank, or another bank, depending on the business’s objectives and requirements;
undergoing a compliance check at the bank;
verifying the source of funds;
verifying the source of funds;
accounting support;
annual company renewal.

What restrictions apply to the business activities of LLCs in Saint Vincent and the Grenadines?

There are virtually no restrictions on the types of business activities for LLCs in the SWG. Conditions are particularly favourable for iGaming and crypto projects, as local legislation does not impose strict regulations on cryptocurrency transactions or the gambling industry. However, it is worth noting that certain licensed activities (such as financial services) require the appropriate licenses to be obtained, and we are ready to assist with this.

What is the minimum time required to register a company with the SVG, and is it possible to register a company remotely?

Company registration in Saint Vincent and the Grenadines typically takes between 7 and 14 working days, provided all the necessary documents are submitted on time. The process is entirely remote – the founders and directors do not need to be physically present in the country. We support our clients at every stage and assist them in completing the KYC and AML procedures remotely.

What are the reporting and tax requirements for a company following registration?

The SVG does not require LLCs to submit annual financial statements or tax returns unless the company conducts business within the country. There is no income tax provided that income is generated outside the jurisdiction. If you conduct business within the BVI, additional obligations may apply — we will advise you in detail based on the specifics of your business.

Cases:

CASE: How to recover frozen $600,000

The client faced a problem with frozen funds in the account of his international company. The bank where the account was held was in the process of liquidation and froze all funds while starting an audit of its clients.

CASE: Forgotten $400,000

Our client decided to completely liquidate his company, established about 10 years ago in Latvia. During the liquidation process and communication with the bank, we discovered that the client had $400,000 in the account for several years — money everyone had forgotten about.