Licensed Financial Institutions
Licensed Financial Entities
Limited Liability Companies (LLC)
Limited Liability Companies (LLCs) can be formed in St. Vincent and the Grenadines for the conduct of legitimate or legal business activities. The application for the formation of an LLC must be made through a St. Vincent and the Grenadines licensed Registered Agent.
A Limited Liability Company is governed by an Operating Agreement where manager and members are assigned interest in the company. The LLC Act provides for the formation of Single LLCs or Series LLCs.
LLCs are registered in SVG within 24 hrs.
Articles of Formation and the requisite fees must be provided to the Registrar of Limited Liability Companies to facilitate the incorporation process. Limited Liability Companies can be formed within 24
hrs of the receipt of the application.
Requirements For LLC's
Limited Liability Companies:
> must have a Registered Agent in SVG, through which all applications to the Registrar of Limited Liability Companies are to be made.
> must provide all customer due diligence information on the Ultimate Beneficial Owner, Manager and Members to the Registered Agent prior to the application for Formation.
> must state the nature of business activity it intends to engage in on formation.
Managers, members and officers may reside anywhere in the world and their meetings may be held wherever they decide. There is no residency or nationality requirement for managers, members and/or officers of a St. Vincent and the Grenadines formed LLC.
Fee Schedule: Limited Liability Companies (LLCs)
| Single LLC | |
|---|---|
| Registration of a new LLC | $125.00 |
| Registration of an LLC from another jurisdiction | $50.00 |
| Annual Fee | $100.00 |
| Issuing a certificate of dissolution or discontinuance | $250.00 |
| Any other Application or filing | $50.00 |
| Series LLC | |
| Registration of a new LLC | $500.00 |
| Continuation of an LLC from another jurisdiction | $125.00 |
| Annual (fixed element) | $300.00 |
| Variable Annual Fee per series (Subject to a maximum of $10,000) | $250.00 |
| Issuing a certificate of dissolution or discontinuance | $500.00 |
| Any other Application or filing | $50.00 |