Nikolai Timofejev
15 years in FinTech and payments. Maps your business model to the right licence scope and leads the file all the way to the group build, including banking and payment rails.
Set up a forex company in St Vincent.
The most-registered name in retail FX - understood as it is: the SVG FSA neither regulates nor licenses forex BCs and LLCs, and expressly requires brokers to hold authorisation in the jurisdictions where their clients are located. What SVG offers is fast, inexpensive incorporation inside a group that is licensed somewhere real. We build exactly that.
27 yrs
on the international marketon the market
60+
in-house specialistsspecialists
400+
Licenses obtainedlicenses obtained
Updated
SVG in brief
The registration hub, told straight.
St Vincent and the Grenadines became retail FX's most famous flag through company registration, not regulation: the Financial Services Authority states plainly that it neither regulates nor licenses Business Companies or LLCs involved in forex trading or brokerage. There is no SVG forex licence to obtain, and anyone selling one is selling something that does not exist. What the FSA does require is discipline at the perimeter: BCs and LLCs engaged in forex must obtain the necessary authorisation from the jurisdictions where their clients are located, and the Authority publishes warning notices against entities that misrepresent SVG registration as regulatory status.
Understood correctly, SVG still has a real role: incorporation in days at modest cost, a familiar legal wrapper counterparties have seen a thousand times, and a workable seat for the operating or holding layer of a properly licensed group - the licences living in jurisdictions built for them, from Seychelles and Mauritius to MiFID Europe. That is the architecture we build: the SVG entity done cleanly, the licensing done where it belongs, and the two connected cleanly, because the era of the unlicensed SVG broker is closing, and the FSA itself closed it. If you were promised an 'SVG forex licence', talk to us before you pay for it.
The unvarnished version: the SVG FSA neither regulates nor licenses forex BCs/LLCs and requires authorisation from the jurisdictions where clients are located. There is no SVG forex licence - only registration.
The build that works: SVG entity in days + real licences (Seychelles, Mauritius, Labuan, MiFID) beside it. We deliver both ends.
The two builds
The SVG entity - inside a licensed group.
SVG sells registration, not permission. The build that works pairs the entity with real licences: ours is the clean two-part architecture, delivered as one programme.
The SVG entity, and the licensed group it belongs to.
01 - THE SVG ENTITY
Registration, done cleanly
A BC or LLC incorporated in days: the operating or holding layer with registered agent, AML-aware structure and the FSA's perimeter rules respected. Including proof of licensing where your clients are.
A BC or LLC incorporated in days: the operating or holding layer with registered agent, AML-aware structure and the FSA's perimeter rules respected. Including proof of licensing where your clients are.
- ✓BC or LLC - incorporation in days
- ✓Registered agent and office
- ✓Clean UBO and corporate records
- ✓FSA perimeter rules respected
- ✓Licence evidence for client jurisdictions
- ✓No fictional 'SVG forex licence' - ever
02 - THE LICENSED GROUP
Where the permission livesThe licence, where it belongs
The authorisation the FSA expects you to hold. Obtained where it exists: Seychelles or Mauritius for the global book, Labuan for Asia, MiFID Europe for EU retail. Connected to the SVG layer, cleanly.
Licence jurisdiction matched to your clients: SDL, Mauritius dealer, Labuan, MiFID Europe. Routed cleanly, banked properly.
- ✓Licence jurisdiction matched to your clients
- ✓Seychelles SDL · Mauritius dealer · Labuan
- ✓MiFID route for European retail
- ✓Clean routing between entities
- ✓Group banking architecture
- ✓We build and sequence both ends
Costs and timelines are confirmed for your case before any work begins. For the SVG entity and for the licensing jurisdiction beside it, itemised separately, line by line.
Why SVG, really
What the flag is actually good for.
SVG earns its place on merits that survive scrutiny. Speed, cost and familiarity, not on a licence it never issued.
✓
Incorporation in days
BC and LLC formation is fast, light and inexpensive. The administrative layer of a group stands up in a week, not a quarter.The fast entity layer.
✓
A wrapper the market knows
Counterparties, PSPs and platforms have processed SVG entities for two decades. The paperwork is familiar territory, priced accordingly.Two decades of paperwork.
✓
A stated perimeter
The FSA's position is public and clear - no licence pretence, licences required where clients are. Groups built to that standard survive diligence.FSA's position is public.
✓
Flexible corporate law
BCs and LLCs offer familiar governance, nominee-free transparency where needed and clean holding mechanics for a multi-entity group.BC/LLC mechanics.
✓
Cost discipline
Formation and annual fees are a fraction of licensed jurisdictions. Right-sizing the spend for the layer that only needs to exist, not to be licensed.Fees, not walls.
✓
The EC dollar neighbourhood
A stable currency board (XCD pegged at 2.70 to the US dollar) and English-law tradition. The practical Caribbean baseline.Pegged 2.70 : $1.
How it compares
How SVG differs from licensed routes.
Numbers next to numbers: SVG is a registration jurisdiction. The licence column is empty by design.
SVG vs licensed jurisdictions
| Feature |  SVG | Licensed routes |
|---|---|---|
| Forex licence | None - not licensable | SDL, dealer, MiFID licences |
| FSA's demand | Licence where clients are | The licence itself |
| Setup speed | Days | Months |
| Role | Entity layer in a group | The regulated core |
Forex licence
SVGNone - not licensable
Licensed routesSDL, dealer, MiFID licences
FSA's demand
SVGLicence where clients are
Licensed routesThe licence itself
Setup speed
SVGDays
Licensed routesMonths
Role
SVGEntity layer in a group
Licensed routesThe regulated core
Country by country
| Country | Status | Taxation | Requirements |
|---|---|---|---|
| St Vincent | Registration only - FSA notice | Fee-based · plan at owner level | Licence proof for client states |
 St Lucia | Registration only - IBC | Fee-based · plan at owner level | Clean IBC + licensed group |
 St Kitts & Nevis | Registration only - no FX licence | Fee-based · plan at owner level | Nevis LLC/BC + licensed group |
 Dominica | Registration only - no FX licence | Fee-based · plan at owner level | IBC + licensed group |
St VincentStatusRegistration only - FSA notice
TaxationFee-based · plan at owner level
RequirementsLicence proof for client states
St LuciaStatusRegistration only - IBC
TaxationFee-based · plan at owner level
RequirementsClean IBC + licensed group
St Kitts & NevisStatusRegistration only - no FX licence
TaxationFee-based · plan at owner level
RequirementsNevis LLC/BC + licensed group
DominicaStatusRegistration only - no FX licence
TaxationFee-based · plan at owner level
RequirementsIBC + licensed group
Before you build
What a compliant SVG setup contains.What a compliant setup contains.
No licence does not mean no rules. The FSA polices its perimeter and the market polices the rest. A build that survives looks like this.
01
A BC or LLC. Incorporated through a registered agent, with the registered office maintained.
02
Clean ownership. UBOs documented and disclosable; the era of anonymous forex BCs is over.
03
The FSA's perimeter rule met. Certified evidence of authorisation from the jurisdictions where clients are located.
04
No licence misrepresentation. Marketing that claims SVG regulation invites the FSA's public warning notices.
05
A licensed group beside the entity. The permission living in a jurisdiction that actually issues one.
06
Clean client routing, which entity faces which clients, written down and followed.
07
AML/CFT discipline. KYC and screening run at group standard even where local law asks less.
08
Banking reality. Accounts and PSPs chosen for an SVG-plus-licence structure, not against it.
09
Annual maintenance. Registered agent, fees and filings kept current; a lapsed entity is a liability.
10
Substance where it matters. People and operations placed in the licensed jurisdictions, not the letterbox.
01
BC/LLC via registered agent.
02
UBOs documented, disclosable.
03
Licence evidence lodged.
04
No regulation claims - ever.
05
Licensed group beside it.
06
Routing written and followed.
07
Group-standard AML.
08
Banking chosen on merit.
09
Fees and filings current.
10
Substance where licensed.
Reflects the SVG FSA's published position and warning-notice practice as of 2026.Per the FSA's published position, as of 2026.
How it works
From first call to a working group.
01
Architecture and reality check
Where your clients are, which licences that requires, and what SVG's role should be. Fixed in writing before anything is formed.Clients → licences → SVG's role.
02
The SVG entity
BC or LLC incorporated in days, registered agent and office in place, ownership documented.Formed in days.
03
The licence build
The licensed jurisdiction's application run in parallel. The long pole, started first.The long pole, started first.
04
Perimeter evidence
Certified licence documents lodged per the FSA's requirement. The SVG layer made defensible.FSA requirement met.
05
Banking and launch
Group accounts, clean routing, operations live. A structure that survives the questionnaire.A group that survives DD.
Quick facts
AuthoritySVG FSA
Forex licenceDoes not exist
FSA positionPublic - since 2013+
RequirementLicence where clients are
VehicleBC or LLC
FormationDays
Annual upkeepAgent + fees
Right useLayer in a licensed group
Anyone selling an 'SVG forex licence' is selling paper that does not exist. The FSA says so in public notices. We build what actually works instead.
On the ground in SVG
Run from our Kingstown office.
Prifinance - St Vincent
Kingstown · St Vincent
Kingstown, St Vincent and the Grenadines
01
BC / LLC formation
Incorporation in days through established registered agents. The entity layer stood up cleanly and kept current.Days, done cleanly.
02
Perimeter compliance
The FSA's licence-evidence requirement handled properly. Certified documents from the licensing jurisdictions, filed and maintained.Certified evidence lodged.
03
The licensed group
Seychelles, Mauritius, Labuan or MiFID Europe built beside the SVG layer. Both ends sequenced as one programme.Both ends, one programme.
04
Banking and rails
Accounts and PSPs that accept the working architecture. Introduced once the group holds the licences it should.Rails that accept the real story.
We also have offices in
Tallinn
Estonia
Roseni 13
Vilnius
Lithuania
Gedimino pr. 2
Prague
Czech Republic
Vlkova 532/8, Žižkov
Dubai
UAE
33 Level, Al Saqr Business Tower
London
United Kingdom
7 Bell Yard
Madeira
Portugal
Rua da Alegria 31, 1F
Istanbul
Turkey
Perpa Ticaret Merkezi, A Blok
Good to know
The fiscal shape of an SVG entity.
Fee-based economics at the entity layer. With the real tax planning done at group and owner level.
Registration-fee economics
Formation and annual fees are the entity's defining costs. Modest, predictable line items itemised before you start.Predictable line items.
No licence fees
There is no forex licence, so there are no licence fees. The regulatory budget lives in the jurisdictions that issue the licences.No licence exists.
Group-level planning
Where profits are booked, taxed and distributed is a group design question. Modelled across the SVG layer and the licensed entities together.Booked where designed.
Owner-level rules decide
CFC, management-and-control and residency rules in the founders' countries set the real outcome. Planned before the first invoice, not after.CFC decides outcomes.
The EC dollar peg
XCD has been pegged at 2.70 to the US dollar for decades. The operating environment is dollar-stable by construction.Dollar-stable base.
Thin treaty network
SVG is not a treaty jurisdiction. Corridors that need treaties route through group entities built for them.Route deliberately.
Fiscal summary
Entity costsFormation + annual fees
Licence feesNone - no licence exists
Planning levelGroup + owner
CurrencyXCD pegged 2.70 : US$1
TreatiesThin - route deliberately
*As of 2026. Entity, group and owner-level outcomes are modelled per structure, case by case.
Turnkey professional support
Experienced lawyers and international consultants.
We provide end-to-end support, from company registration and the application file to regulatory interaction and compliance oversight - with an individualized approach to each client.
Oleksii Kindratenko
Builds the application itself: SVG company, AML/KYC policy pack, capital structure and tax registrations. His document sets are the reason reviews finish in months, not years.
Eugeniu Bevziuc
First point of contact for international founders. Runs the whole setup remotely, across time zones and languages - from the first call to a working, licensed group.
Follow Prifinance
Active across our channels.
St Vincent · FSA
Build your forex structure with SVG in its right place.
Full-service assistance - the SVG entity formed cleanly, the licences obtained where they exist, and the group connected cleanly - run through our Kingstown office.
Get a consultation →Free legal opinion
Is SVG the right fit for your project?
Our legal team will analyze your case at no cost and provide a written legal opinion: which jurisdiction, licence scope, or route fits your business.
Written assessment within 2-5 business days
Request a free conclusion →FAQ
The SVG forex question: the practical answers.
Is there a forex licence in St Vincent and the Grenadines?+
No. The FSA states publicly that it neither regulates nor licenses BCs or LLCs involved in forex trading or brokerage. There is no SVG forex licence - anyone offering one is offering something that does not exist.
Then what does the FSA require of forex companies?+
That they obtain the necessary authorisation from the jurisdictions where their clients are located, and that they stop representing SVG registration as regulatory status. The Authority publishes warning notices against entities that cross that line.
So what is SVG actually good for?+
The entity layer: fast, inexpensive BC/LLC incorporation, a familiar legal wrapper and clean holding mechanics - inside a group whose licences live in jurisdictions that issue them. Registration is the product; permission is not.
Can an SVG company legally run a forex book at all?+
Only as part of a structure licensed where its clients are. The FSA's perimeter rule is exactly that: evidence of authorisation from client jurisdictions. Unlicensed operation is the model the FSA has been closing, notice by notice.
How fast is the setup?+
The SVG entity forms in days. The real timeline is the licence beside it - weeks in Vanuatu, months in Seychelles or Mauritius, longer in MiFID Europe, which is why we start the licence first and form the entity around it.
What does an SVG entity cost to keep?+
Registered agent, registered office and annual fees - modest, predictable and itemised before you start. The regulatory budget belongs to the licensing jurisdiction, not to SVG.
How is an SVG company taxed?+
The entity's defining costs are fees; the meaningful tax questions - where profits are booked, taxed and distributed - are group and owner-level design, driven by CFC and residency rules in the founders' countries. We model that before formation.
Will banks and PSPs work with an SVG structure?+
With the working architecture, yes - an SVG layer beside real licences is processed daily. What no longer banks is the standalone unlicensed SVG broker; that era is closing, and the FSA closed it.
I was offered an 'SVG forex licence'. What am I actually being sold?+
At best, a plain company registration dressed in regulatory language; at worst, paper that will fail its first due-diligence questionnaire. Ask the seller for the licence number and the statute it issues under - there are none. Then talk to us about what works.
Why Prifinance for SVG?+
Because we build both ends: the Kingstown entity done cleanly and the licences obtained where they exist - Seychelles, Mauritius, Labuan, Vanuatu or MiFID Europe - connected into a group that survives scrutiny.
Licence?+
None - FSA says so publicly.
FSA wants?+
Licences where clients are.
SVG's use?+
Entity layer in a group.
Legal book?+
Only inside licensed structure.
Speed?+
Entity in days; licence is the pole.
Costs?+
Agent + annual fees.
Taxes?+
Group/owner-level design.
Banks?+
Yes - for clean builds.
Sold a 'licence'?+
It doesn't exist - call us.
Why you?+
Both ends, built right.
Client notes
Google4.7★★★★★
Founders who wanted it done right.
Google4.7★★★★★
“As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly…”
Google
“I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia”
Google
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Google
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Google
“Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and…”
Google
“I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!”
Google
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Get a free legal opinion on your project - our legal team will analyze your case at no cost and provide a written legal opinion: which jurisdiction, licence scope, or route fits your business.Free legal opinion: what SVG can and cannot do for your project.
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Prifinance is an independent law and advisory firm. We are not a regulator and are not affiliated with, endorsed by, or acting on behalf of the Financial Services Authority of St Vincent and the Grenadines (FSA) or any other public authority. Authorisations are granted by, and obtained directly from, the competent authorities.