From the Client

  Notarized passport copy (Should be notarized in English – 2 copies).

  Last 3 months utility bill (Should be notarized in English – 2 copies with original).

  Director/Shareholder’s Bank reference letter.

Related to the Process

  formed and verified corporate documents.

  Certificate of Incumbency.

  Bank application forms.

  AML Procedures.

Note: The ad-hoc additional documents maybe requested from any authority or institution during the process.

From the Client

   St. Vincent and the Grenadines is one of the most secured jurisdictions with regard to registration of International Business Companies (IBC).

   In this jurisdiction, Binary Options are not regulated and prohibited. Hence, IBC companies can conduct the business in the field of binary options, but they are not allowed to state or publish information that the company is regulated or licensed anyhow.

  All the companies are exempt from local tax for the first 25 years from the date of registration.

  Foreign international business companies (IBC) and Limited liability companies (LLC) may be re-domiciled to St. Vincent and the Grenadines.

  No corporate or withholding taxes.

  Corporate Body Requirement: A minimum one shareholder is required which can be a individual or a corporation. However, there is no such requirement like maintaining minimum share capital. A wide range of types of shares are permitted, including registered or bearer shares, voting shares, non-voting shares, shares which may have less than 1 vote per share, common shares, preferred shares, limited shares, shares limited by guarantee or redeemable shares, and shares which entitle participation only in certain assets. No list of shareholders has to be submitted or shown in public file.

  NB: The International Business Companies (Amendment) Act No.26 and 44 of the year 2002 now allows the registration and custody of bearer share certificates by the registered agent who needs to keep record of each bearer certificate issued or deposited in its custody and the record shall contain pertinent information relating to the company issuing the shares, the ID number of the share certificate and identity of the beneficial owner.

  No annual return has to be filed with the SVG authorities. Thus, ensures total confidentiality of financial affairs.

  The company must maintain a registered office address within St. Vincent and also appoint a local registered agent (though not mandatory).