Crypto license in SVG

One of the most attractive features of Saint Vincent and the Grenadines is its low barriers to entry. Unlike many other jurisdictions that demand extensive documentation and adherence to complex regulatory frameworks, SVG offers a straightforward incorporation process with minimal paperwork. A company can be established with just one director and one shareholder, regardless of nationality or residency. This provides unparalleled flexibility in how you structure your business.

The company registration process in SVG is both fast and efficient. Within just 7 business days, your company can be fully incorporated and ready to operate. By clearly specifying your crypto activities in the Articles of Association (AoA)—a document officially stamped by the government—you obtain immediate legal clarity and authority to conduct your business operations.

SVG’s 0% corporate tax policy presents a significant advantage for crypto companies. With no tax liabilities on income, dividends, or capital gains, your business can retain all of its profits. This makes SVG one of the most tax-efficient jurisdictions in the world, providing an optimal environment for businesses aiming for long-term growth and profitability.

Unlike many jurisdictions that mandate annual financial filings and tax reports, SVG imposes no such tax reporting obligations. This significantly reduces administrative burdens and costs, enabling you to focus on growing your business rather than dealing with complex bureaucratic procedures.

Compliance
SVG’s regulatory independence from the EU means your crypto business is not subject to the stringent requirements of the MiCA regulation. This grants you greater operational flexibility and results in substantial savings on compliance-related costs.

SVG offers a high level of privacy and confidentiality for business owners. The jurisdiction is not part of any automatic exchange of financial information agreements, ensuring that details of your business and its Ultimate Beneficial Owners (UBOs) remain private. SVG’s non-participation in public registers further guarantees the security of your business information.

Company renewals in SVG are straightforward and cost-effective. The only requirement is updating the Know Your Customer (KYC) information for UBOs and managers once a year. This simplicity and predictability in compliance make SVG an attractive, low-maintenance jurisdiction for business owners.

SVG places no restrictions on the nationality or residency of shareholders or directors, allowing your business to be managed from anywhere in the world. The flexible ownership structure also permits a single individual to serve as both director and shareholder, simplifying the governance model.

Your crypto business can access international financial services by opening an account with offshore banks. While this process typically takes about a month, our premium package includes full support in setting up your banking infrastructure, ensuring your business is equipped with the financial tools necessary for global success.

Situated between North and South America, SVG is well-connected to global trade networks, facilitating easy access to markets of different regions. This connectivity makes it simple for cryptocurrency companies to interact with clients, partners, and service providers around the world, increasing the visibility and operational flexibility.

While countries in the EU are often seen as progressive when it comes to crypto regulation, they also come with the burden of compliance with MiCA (Markets in Crypto-Assets) and other regulatory frameworks. This can lead to higher costs, longer approval times, and ongoing compliance requirements. 
In contrast, SVG allows you to avoid these stringent regulations, providing a lower-cost, quicker solution to get your business up and running.

Many offshore jurisdictions provide attractive tax regimes, but they often require complex and expensive licensing for virtual asset businesses. 
SVG offers the same tax benefits—0% corporate tax, no tax reporting, and privacy protections—without the need for costly licenses, making it a cost-effective and efficient alternative to other offshore options.

Known for its crypto-friendly stance, Switzerland has become a hub for blockchain companies. However, the costs associated with setting up a business there can be prohibitive for smaller companies, and regulatory compliance is still required. 
SVG provides a more accessible alternative, with fewer restrictions and lower operating costs.

Each year, your company will need to renew its registration and update the KYC (Know Your Customer) details for the UBOs (Ultimate Beneficial Owners) and managers. We manage the entire renewal process, ensuring your company stays in good standing with local authorities.

Maintaining a registered office in SVG is a legal requirement, and we provide this as part of our ongoing support. We also offer mail forwarding services, ensuring that important legal or business documents reach you, no matter where you are in the world.

As your business grows, regulatory requirements may evolve. We assist with preparing compliance-related documents, including updates to your Anti-Money Laundering (AML) policies, ensuring that your business meets global standards.

From business plan preparation to corporate secretary services, we offer tailored solutions based on your company’s specific needs. Our goal is to provide ongoing support, allowing you to focus on expanding your crypto operations while we handle the administrative complexities.

The absence of public company ownership registers is one of SVG’s most notable features. SVG maintains the confidentiality of shareholders and beneficial owner details, in contrast to jurisdictions where everyone can access them.

SVG’s position as a non-participant in the automatic exchange of financial information between jurisdictions is a powerful privacy safeguard. This means that financial transactions and ownership data of the company will not be shared with foreign tax authorities.

SVG operates as a true offshore jurisdiction, where companies can be incorporated without the need for detailed reporting to external authorities. This offshore status allows crypto companies to operate with a great degree of autonomy.

SVG’s privacy regulations are designed to provide robust protection for your company’s sensitive data. Strict data security norms are enforced by the jurisdiction to reduce the possibility of business information being accessed, disclosed, or misused without authorization. With a regulatory framework focused on confidentiality, SVG ensures that both corporate and financial data remain secure.

Paying a renewal fee of €1,200 (covers registered agent and address),

Updating KYC documentation for all shareholders, directors, and UBOs (usually a passport and proof of address),

Confirming that the company’s business activity remains unchanged (crypto-related services or holding purposes),

Ensuring the company remains in good standing with the registry.

Kingdom Bank in Dominica offers secure banking solutions with efficient account management, making it an excellent choice for crypto businesses seeking global financial reach. The bank has extensive experience working with companies in the crypto space, ensuring you receive the support needed for your unique financial requirements.

Your bank account will facilitate easy international transactions, providing the flexibility required for cross-border payments and cryptocurrency operations. Whether you need to process payments or transfer funds across jurisdictions, Kingdom Bank is equipped to meet your needs.

While setting up an offshore bank account typically requires careful documentation and due diligence, our team will guide you through the process, ensuring your account is operational in as little as 30 days.