Business Companies

BCs are incorporated within 24hrs of the receipt of the application from a licensed Registered Agent in SVG.  The Articles of Incorporation accompanied by the requisite Registration and Annual fee will suffice for the purposes of incorporation.  A Notice of Registration of Directors may also accompany the application, if the BC chooses to register its directors.

Some additional points to note:

• Must have a Registered Agent in SVG.
• Cannot carry on any activity for which it requires a licence granted by the Authority, unless such a licence has been granted. (eg: Mutual Funds business, International Banking Business, International Insurance business).
• Must adhere to economic substance requirements, where required
• A BC may own land in SVG as long as it obtains an Alien Land Holding Licence.
• May issue registered shares only. Bearer shares are not permitted.
• May have only one director and one shareholder.
• Must register directors and shareholders.
• Shareholders, directors 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 shareholders, directors and/or officers of a SVG BC.