St. Vincent & the Grenadines Crypto Licence

For years, St. Vincent and the Grenadines was the offshore address of choice precisely because it did not licence crypto or forex — a reputation that made it popular but legally exposed. That era is over. The FSA's Virtual Asset Business Act (VABA), in force since 31 May 2025, brought SVG into line with FATF standards: any business providing virtual-asset services in or from SVG must now register with the FSA. Existing operators were required to file within 30 days of commencement (by 31 July 2025).

The upshot is that an SVG setup is now a genuine, supervised credential rather than a grey-zone shell. The regime covers exchanges, wallets, custody, brokers and virtual-asset advisory. You need a locally incorporated company (LLC or business company), a physical office, at least one resident director, and an FSA-approved Compliance Officer and Money Laundering Reporting Officer; foreign entities also appoint a resident Principal Representative. Financially, you maintain a statutory deposit of XCD 100,000 (or 25% of client obligations, whichever is greater) and USD 1 million in professional indemnity insurance. Fees are modest — around $1,500 to apply and $4,500 on registration — and a complete application typically takes about 90 days. It does not passport into the EU, but for a legitimate, cost-effective offshore base, the new SVG regime is a solid, credible option. We handle the file and the substance.