St. Vincent and the Grenadines
St. Vincent and the Grenadines is the only jurisdiction that does not require a license to operate a brokerage business. The FSA (Financial Services Authority) officially confirms that it does not regulate forex activities, does not control and license offshore companies that work in this direction.
What type of company should be registered for forex trading
To be engaged in brokerage activities, the company must be registered as an LLC. Only this form will allow to use the tax benefits which the SVG has developed for the offshore business.
Advantages of LLC registration at SVG
- It is not necessary to have a Forex license in Saint Vincent and the Grenadines, since brokering is not regulated;
- Offshore companies that operate off the island are exempt from many taxes;
- Director, shareholder can be a citizen of any country;
- Annual financial reports are not required;
- Authorized capital is $1;
- Broker is not tied to the island, can be located anywhere in the world. The only requirement - the company representative must be on the island (including nominal);
- Full anonymity - shareholders, beneficiaries, founders are not required to be included in the public register;
- Profile education from the staff is not required, and therefore do not need to undergo special training.
How long does it take to register
Opening a brokerage company at SVG takes from 3 to 5 days if all the documents are filled out correctly. Plus - a week is needed to put an apostille on the documents.
How to open a company at SVG
To open a brokerage company quickly, smoothly and without problems, contact IT-OFFSHORE for assistance. We provide a full range of turnkey company registration services. Among them:
- Collecting and filling out documents;
- Payment of state fees;
- Finding and renting a legal office;
- Services of a nominee agent who will represent the broker on the island;
- Company registration.
We also offer fast account opening. Banks are prejudiced against brokers because of the high risk involved. We take care of this problem and quickly open a bank account.
Ready-made companies with bank accounts
Or you've already got own business and there is a need to expand the scope of activities. To avoid the loss of time and effort to register juridical individuals, you can arrange a ready-made company. You will have a fully prepared company with a package of documents, which is mandatory for conducting a full-fledged activity.
Companies with licenses
Buying a ready-made company is the best option for operational business development in a new industry, as well as the need to expand the scope of the existing organization increase its scale. Acquisition of a company with mandatory permits and license means the ability to enter a new market in a short period of time.
Banks
Acquisition of a ready-made bank allows you to save time, as well as quickly carry out all reissuing operations. On average, the procedure takes about one day. As a result, the client becomes the head of the bank, which already has a client base, as well as status in the market and ready staff. Our company conducts all operations in accordance with existing legislation.
Funds
Investment fund is a modern investment tool designed for all types of assets. The purpose — managing of assets as well as solving number of tasks in a way that works best for individuals. There is no open subscription, meaning that a private investment fund has a closed structure. This is the most optimal solution for distributing capital through broad instruments.
SEMI for sale
When conducting business related to foreign exchange transactions, electronic money and cryptocurrencies, it may be necessary to open a financial company with a SEMI license. This type of license covers the production of debit cards and cryptocurrencies, the acceptance and sending of payments, the execution of transfers from third parties, and the opening of merchant accounts.
Crypto Offshore
When working with cryptocurrency it is important to choose the right country, where it is most profitable to open a company. Each country has a different attitude towards this type of currency. A country that has a loyal or positive attitude towards cryptocurrency can be called a crypto-offshore.
