St. Vincent VASP

Offshore crypto regulation is still in its infancy stages with St. Vincent emerging as one of the few jurisdictions offering a robust regulatory framework for digital asset licensing. St. Vincent offers low capital requirements, competitive local substance requirements and a relatively fast framework for approval making it an excellent choice for both startup and established crypto firms.

SVG VASP License – Key Takeaways

  • St. Vincent & The Grenadines is one of the few reputable offshore jurisdictions offering a regulatory framework for crypto / digital asset services
  • Competitive capital requirements set at $100,000 XCD (~$37,000 USD)
  • License classified as a Virtual Asset Services Provider (VASP)
  • A physical office and a single local director required
  • License approval period estimated at 3 – 5 months

Step-by-Step Overview of the VASP Application Process in St. Vincent

  1. Initial Strategic Consultation: Engage with Atomiq Consulting to evaluate your virtual asset business model, confirm SVG VASP eligibility, and outline regulatory obligations, timelines, and anticipated costs.
  2. Business & Compliance Framework Design: Define the scope of virtual asset activities (exchange, custody, brokerage, advisory, etc.) and structure internal AML, CFT, risk management, and governance frameworks in line with SVG regulatory expectations.
  3. Documentation Preparation: Compile all required materials, including the detailed business plan, AML/CFT policies, compliance manuals, beneficial ownership disclosures, and financial projections.
  4. Due Diligence & Fitness Review: Conduct a thorough review of directors, shareholders, and key officers to ensure proper fit-and-proper standards are met, including background checks and professional experience validation.
  5. Application Submission to the FSA: File the complete VASP license application with the St. Vincent and the Grenadines Financial Services Authority (FSA), accompanied by all supporting documentation and statutory declarations.
  6. Regulatory Review & Clarifications: The FSA assesses the application and may request additional information, policy refinements, or operational clarifications during the evaluation phase.
  7. License Approval & Registration: Upon successful review, the FSA issues formal VASP registration, authorizing the company to provide approved virtual asset services from SVG.
  8. Operational Setup & Ongoing Compliance: Finalize company incorporation, appoint compliance officers, establish banking or payment solutions, and implement ongoing regulatory reporting and audit procedures.

SVG VASP License Requirements

  • Capital requirements set at 100,000 XCR (roughly $37,000)
  • A physical office in St. Vincent
  • A minimum of 1 local directors per local requirements
  • Professional Indemnity Insurance of 1m
  • All UBOs must undergo a fit and proper assessment

Atomiq Consulting – Your Crypto Licensing Partner

Established in 2014, Atomiq Consulting has developed a strong reputation for guiding financial and digital asset firms through complex offshore regulatory environments. Led by group CEO Jonathan Baumgart, our firm has supported virtual asset businesses worldwide with structured, regulator-aligned licensing strategies, including successful VASP registrations in emerging crypto-friendly jurisdictions such as St. Vincent and the Grenadines.

Selecting the right advisory partner for an SVG VASP license is a critical decision. Atomiq Consulting differentiates itself through unmatched transparency and real-world expertise. Our insights are publicly shared through extensive educational content on our YouTube channel, while our leadership maintains an active and verifiable presence across leading industry platforms, including LinkedIn. Unlike anonymous consultancies, we operate with full visibility—making Atomiq Consulting a trusted and accountable partner for securing your SVG Virtual Asset Service Provider registration.

How Much Does A SVG VASP Cost? – Contact Us Today for a Free Price Quote!

To learn more about the process of applying for a crypto license in St. Vincent, discuss ongoing costs for the region, or to acquire a license in SVG, don’t hesitate to contact us today!

    Why Consider a Crypto License in St. Vincent & The Grenadines?

    St. Vincent has an established history of providing offshore corporate set ups and regulation to derivatives brokers making the pivot to crypto logical. Compared to Asia or Europe where licensing approval periods can often take over a year, SVG offers a streamlined path to license approval. Additionally, both capital and local substance costs are a fraction of what one pays in other global jurisdictions making St. Vincent ideal for start up firms. Finally, low taxes and low reporting requirements allow for effiency that is difficult to find in other parts of the globe. 

    St. Vincent VASP FAQ

    Do you have a SVG VASP license for sale?

    If you are interested in a St. Vincent VASP license for sale, we encourage you to visit our Forex Marketplace where we list all licenses currently available for acquisition. Due to the popularity of SVG, we almost always have a license available for purchase.

    What is the capital required for a SVG VASP?

    The paid up capital is set at 100,000 XCR which is roughly $37,000. 

    What are the SVG VASP fees?

    The paid up capital is XCR 100,000 which is roughly $37,000, government fees which are roughly $10,000, local director & compliance fees estimated at $5,000 per month.

    How long does it take to get a St. Vincent VASP license?

    While each application is unique in nature, the minimum approval period is 3 – 5 months.



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