Saint Vincent and the Grenadines Public Fund
Key Features
The legal structure that can form the basis of a St. Vincent mutual fund includes an incorporated company, a partnership or a unit trust. It can include an umbrella type fund. Open ended, closed ended and integral funds are allowed. A Public Fund offers any shares it issues for subscription or purchase to any interested member of the general public. All public funds registered must publish a prospectus and file it with the Financial Services Authority. There are no capital adequacy requirements or minimum subscription limits placed on public funds. Also they must maintain accounting records and financial statements. Public funds that intend to do business with residents must also submit an offering document synopsis to the Financial Services Authority.
Legal Requirements
Requirements |
Description |
General |
|
|
St. Vincent International Company, Partnership or Unit Trust |
· License application fee |
USD 500 |
· Annual license fee |
USD 600 |
|
No |
Share capital or equivalent |
|
· Minimum subscription |
None |
· Minimum investors |
None |
Directors |
|
|
2 |
|
Yes |
|
No |
Service Providers Required |
|
|
Yes (from anywhere) |
|
Yes (from anywhere) |
|
Yes |
|
Yes |
|
Yes |
- Minimum formality and speedy approval procedures, which allows funds to be created quickly, once the structure, investment criteria and prospectus have been finalized;
- No exchange controls or other restrictions on the movement of funds; and
- Favourable tax regime.
- End to end comprehensive service
- Speedy and efficient service
- Expert advice on structuring options
- Dedicated ongoing compliance support
- Extensive network pool of service providers