Home > Licensing > Banking

St. Vincent & Grenadines Banking License

Jurisdictions

Banking & Licensing

St. Vincent & the Grenadines Banking License: FSA International Bank Authorisation

The Financial Services Authority of St. Vincent and the Grenadines (FSA SVG) regulates offshore banking under the International Banks Act 2004. St. Vincent and the Grenadines is an independent Commonwealth nation in the Eastern Caribbean and a member of the Eastern Caribbean Currency Union (ECCU), which uses the Eastern Caribbean Dollar (XCD) pegged to the USD. The FSA SVG licenses international banks that operate exclusively for non-resident clients outside SVG, making it a widely used jurisdiction for offshore banking structures serving international private clients and corporate treasury operations.

The SVG international bank licence is one of the most accessible offshore banking authorisations in the Caribbean, with a streamlined application process and relatively low minimum capital requirements. The FSA SVG has progressively strengthened its AML/CFT framework in response to international standards, including CFATF recommendations.

Minimum Capital

USD 1 million minimum paid-up capital for an international bank licence. Capital must be deposited and maintained in a form acceptable to the FSA SVG.

Directors

At least two directors are required, each assessed by the FSA as being of good character and possessing the competence relevant to banking or financial services operations.

Registered Agent Requirement

An FSA-approved registered agent in SVG is required to be appointed and maintained throughout the licence period. The registered agent handles regulatory correspondence and filings on behalf of the international bank.

Business Plan

A business plan describing the proposed offshore banking activities, target client base, and operational structure must be submitted with the application.

AML/CFT Programme

An AML/CFT compliance programme compliant with SVG's Proceeds of Crime Act and CFATF recommendations is required. Annual audited accounts and FSA SVG returns must be submitted.

Tax Position

SVG has no capital gains tax, no wealth tax, and no inheritance tax. International banks licensed by the FSA SVG are generally exempt from SVG income tax on all offshore income earned outside the jurisdiction.

Neptune Fiduciaries: SVG Banking Licence Support

Neptune Fiduciaries handles SVG international bank licence applications including FSA pre-application assessment, business plan preparation, director vetting, registered agent coordination, and ongoing AML/CFT compliance.

Get in Touch

Contact Neptune Fiduciaries at info@neptunecorporate.com or sales@neptunecorporate.com or visit our Contact Us page.

Speak to a Banking Licence
Expert Today

Our fiduciary specialists have guided financial institutions across multiple jurisdictions to successful licensing outcomes. Let us help you navigate the regulatory process with confidence.

Book a Consultation Chat on WhatsApp