Licensed Financial Institutions
About Friendly Societies
Friendly Societies
According to Section 6 of the Friendly Societies Act 2021, a Friendly Society is created for the purpose of:
- Paying money for funeral costs after a member’s death; and
- Promoting savings and thrift among members or Any charitable purpose (including making donations, raising funds, or similar activities).
To register under this Act, a friendly society must apply to the Registrar using the correct form.
FRIENDLY SOCIETIES
| Name of Society | Name of Society (Continued) |
|---|---|
| Marriaqua United Friendly Society | Buccament Wise & Prudent Friendly Society |
| Barrouallie & Layou Prudential Friendly Society | Chateaubelair Olive Friendly Society |
| Canouan Perseverance Friendly Society | Bequia Brotherly Love Friendly Society |
| United Friendly Society Union Island | St. Patricks Friendly Society |
| Chateaubelair Provident Friendly Society | New Testament Church of God Friendly Society |
| Chateaubelair Methodist Friendly Society | |
| The People's Successful Friendly Society | |
| Troumaca Temperance Friendly Society |
These friendly societies contribute to the social fabric of St. Vincent and the Grenadines, offering financial support and community services to their members across various regions of the country.
Fee Schedule: Friendly Societies
| Fee Type | Amount |
|---|---|
| Registration Fee | $300.00 |
| Annual Renewal Fee | $300.00 |
Related Forms (Friendly Societies)
Friendly Society Reporting Form
Registration Form: Friendly Societies
(a) There shall be a non-refundable registration fee of EC$300.00 payable upon registration.
(b) An annual renewal fee of EC$300.00 is payable by December 31st of each calendar year.
Please note that once a complete application is received (all relevant documents are filed and the application fee is paid) the processing time for the application is 3 to 4 weeks.