St Vincent Bank Account


St. Vincent and the Grenadines is an independent state in the south-eastern Caribbean Sea, consisting of the island of St Vincent and the 32 northernmost islands. St. Vincent is blessed with lush mountains, volcanic-rich soil and unspoiled landscapes of brilliant flora and beautiful crystal clear waters.


Available options for your Cyprus bank account.
  • Personal accounts
  • Corporate accounts
  • No Opening balance required
  • Savings and fixed deposits
  • Credit cards
  • Online banking
  • Wire transfers
Total cost to open you BVI bank account. $500.00
   

BANKING, FINANCE AND INVESTMENT

FINANCIAL FACTS
Although St. Vincent and the Grenadines has much debt, their economic growth has been impressive for the Caribbean, mostly fuelled by new construction, a sharp increase in tourism and a dedication to the offshore banking sector.

Fiscal year: Calendar year

BANKING
Bank licenses are issued from the Central Caribbean Bank, headquartered in St. Kitts and Nevis, and can be a Class I or Class II. Class I requires USD$1 million, with half that amount held in deposit or invested. Class II requires USD$500,000 and USD$50,000 held in deposit or invested.


MEMBERSHIPS
ACP, C, Caricom, CDB, FAO, G-77, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFRCS, ILO, IMF, IMO, Interpol, IOC, ISO (subscriber), ITU, ITUC, MIGA, NAM, OAS, OECS, OPANAL, OPCW, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WFTU, WHO, WIPO, WTO


FOREIGN INVESTMENT
Tax holidays of up to 15 years are the major incentive offered by St. Vincent, as well as duty exemption and profit repatriation. Almost any foreign investment - from financial services to technology to agriculture - is eligible for these incentive schemes.

REAL ESTATE
The Aliens Holding Ordinance decrees that a government license is necessary in order for foreigners to own land on any of the islands. If the property in question is an acre or less, a foreigner’s application for the license must have a construction or development plan that shows completion within six months. If the property is more than one acre, all this is needed plus financing, construction crew hiring and architectural details must be included.

We never disclose the name of the St Vincent bank until after you have sent
payment and the required due diligence documents. Please do not ask.