Funds License
In St. Vincent

Company Structure :

• 2 Directors With Experience in Fund Management

Taxation :

• St.Vincent & the Grenadines BC is subject to Tax Authorities since January 2019 ( 30% on worldwide income ). Saint Vincent and the Grenadines has amended its International Business Company Act and the International Trust Act to comply with the requests of the EU & OECD.

Accounting & Auditing:

• It is a requirement to file audited accounts and annual returns with the authorities. A company is required to keep financial records, which will indicate the tax amount payable to the Financial Authorities.

Registered Agent & Office – Required

Company Secretary- Required

If you have any questions, please feel free to contact us or write to support@startingoffshore.com

There are 3 types of Mutual Fund that can be established in Saint Vincent :

“Accredited Fund ” Means A Mutual Fund

• the shares of which are made available only to accredited investors and the initial investment in which, in respect of the majority of such investors, is not less than twenty-five thousand dollars per investor in the United States currency or its equivalent in any other currency; provided, such minimum investment threshold shall not apply in respect of an investment made by the manager, administrator, promoter or underwriter of the fund; or
• which is designated as an “accredited fund” by regulations;

“Accredited Investor” Means A Person

• whose ordinary business involves, whether for its own account or the accounts of others, the acquisition or disposal of property of the same kind as the property, or a substantial part of the property, of the fund; or
• who has signed a declaration that it or he, whether individually or jointly with his spouse (as applicable), has net worth in excess of one million dollars in the United States currency or its equivalent in any other currency and that it or he consents to being treated as an accredited investor;

“Private Accredited Investor” Means A Mutual Fund

• the constitutional documents of which specify that it will have no more than fifty investors;
• the constitutional documents of which specify the making of an invitation to subscribe for or purchase shares issued by the mutual fund is to be made on a private basis, which shall include-
  • an invitation made to specified persons and is not calculated to result in shares becoming available to other persons or to a large number of investors, or
  • by reason of a private or business connection between the person making the invitation and the investor; or
• which is designated as a private or accredited fund by the regulations;

If you have any questions, please feel free to contact us or write to support@startingoffshore.com

In order to acquire a license, following steps will be carried out :

• Reviewing & Due Diligence of KYC of Directors & UBO
• Name Check & Reservation at ROC
• Preparing Application Forms, Drafting and Compiling Documentation & Reviewing of Application
• Filing Application with the  Financial Services Authority (FSA)
• Follow up and liaising with FSA

If you have any questions, please feel free to contact us or write to support@startingoffshore.com