4 Reasons St. Vincent and the Grenadines is the Optimal Region to Incorporate Your New Forex Broker
A speedy registration process and optimized taxes are just a couple reasons why St. Vincent & The Grenadines (SVG) is one of the most popular offshore destinations for new forex brokers to incorporate their business.
Company incorporation/formation is an essential component for any new forex broker. With many offshore jurisdictions to consider, it can often be a challenge to determine which region is the best fit, especially if you are in the process of launching your own forex brokerage.
Because the forex industry is constantly changing, being slowed down by a drawn out registration process can cost valuable time and money. It’s difficult enough to market and build a base of clients in today’s competitive industry, making it crucial to carefully select a jurisdiction that allows your forex brokerage to get started both quickly and efficiently.
Why St. Vincent & The Grenadines? – 4 Major Advantages
1) Setting Up an Offshore Incorpration in St. Vincent & The Grenadines is Cost Effective – An SVG company formation is one of the most cost effective incorporation options available, allowing new brokers to get started with plenty of room for marketing, sales and operational budgets. Although we strongly recommend applying for a forex broker license, it’s not necessary when just starting a new forex broker, making an St. Vincent an excellent region to initially incorporate your new brokerage.
2) Speed of Formation – It only takes a few weeks to fully register a new business entity in St. Vincent, making it possible to launch your brokerage quickly and efficiently. All that’s needed to start the process are some basic KYC documents and the desired business name. Once our team receives these details, we’ll then begin the incorporation process.
3) Major Tax Advantages for St. Vincent IBCs – A major advantage in establishing an International Business Company (IBC) in St. Vincent & the Grenadines is that taxes do not need to be paid for the first 25 years of incorporation. In addition, those who operate a St. Vincent IBC do not need to worry about estate tax, income tax, or corporate taxes.
4) An Excellent Starting Point for Your New Broker – Registration in St. Vincent and the Grenadines should be viewed as a launching pad for further expansion and growth. If you are just getting started, in most cases it doesn’t make sense to immediately obtain a license. For this reason. St. Vincent is a great place to start, but just the beginning. As your broker scales in business, we strongly recommend obtaining a forex broker license in order to become more competitive as well as improve your broker’s banking & payment options.
Additional Advantages of a St. Vincent & the Grenadines IBC Incorporation
Only a single director is needed to incorporate the business
A physical presence in St. Vincent is not required; directors as well as shareholders can hold meetings anywhere in the world
No need to file an annual report
There isn’t a set limit on share capital; only $1 is required to start
Non-resident shareholders are exempt from income, capital gains and corporate taxes in St. Vincent
Atomiq Consulting – Your Partner for Company Incorporation & Forex Broker Licensing Consultation
Atomiq Consulting specializes in company incorporation services, forex broker licensing, and bank account consultation for brokers in the forex & CFD space. Our team of incorporation specialists are more than happy to assist your brokerage in setting up an entity in St. Vincent and the Grenadines, or comparable offshore regions.
To obtain a price quote, ask some basic questions or learn more about offshore incorporation options, don’t hesitate to contact us today!
In addition to forex broker licensing services and company incorporation consultation, we can also assist you with:
What type of privacy protection does St. Vincent offer? >
From a privacy standpoint, St. Vincent is one of the best options that brokers can consider. The Confidentiality Act, which was put into law in 1996 specifically offers company directors complete protection of their personal and company details. This act ensures that no information pertaining to the company or the directors is made public. The only case in which confidential information could be released is if a criminal investigation is being performed.
What does IBC stand for? >
IBC stands for International Business Company. When you incorporate your entity in St. Vincent, you will be forming an IBC.
What's a bearer share? >
A bearer share is a type of equity security in a company. The main purpose of using a bearer share is the anonymity it provides. Because these shares are not registered officially, they can be distributed privately.
What is SVG? >
This is simply an acronym for St. Vincent and the Grenadines.
