VASP LICENSE
Businesses in virtual assets such as trading platforms, wallets, and token services must work within a regulatory framework. In Saint Vincent and the Grenadines, this means securing a VASP License with the right legal and compliance standards. Saint Vincent Trust & Escrow supports the process from entity setup to license approval, building lasting credibility.
WHY CHOOSE A VIRTUAL ASSET SERVICE PROVIDER LICENSE?
A VASP License establishes your company as a trusted participant in digital assets, showing commitment to secure, compliant operations and opening doors to credibility and global reach.
CREDIBILITY
AND TRUST
A VASP License strengthens a company’s legitimacy and builds confidence among clients, investors, and business partners. It reflects a clear commitment to transparency and improves reputation in international markets.
REGULATORY
COMPLIANCE
Licensing guarantees compliance to Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements. It also provides the legal foundation to conduct business securely, apply for additional authorizations in other jurisdictions, and respond effectively to regulatory demands.
ACCESS AND
EXPANSION
Having the proper structure and license facilitates opening bank accounts, integrating payment gateways, and working with financial institutions in the crypto industry. It also creates a solid base for entering new markets and growing the company’s global presence.
WHO NEEDS A VASP LICENSE?
Under the Virtual Asset Business Act of Saint Vincent and the Grenadines, these activities require a license:
Operating a cryptocurrency exchange.
Distributing or trading tokens and NFTs.
Participating in OTC trading of digital assets.
Handling payments with cryptocurrencies or tokenized assets.
Offering wallet or custody services with private key access
GENERAL REQUIREMENTS AND DOCUMENTATION FOR A
VASP LICENSE IN SAINT VINCENT AND THE GRENADINES
GENERAL REQUIREMENTS
- External Auditor
- Team Qualification
- Financial Proof
- Local Representative
- Professional Insurance
GENERAL DOCUMENTATION
- Directors’ Documentation
- Business Plan
- Articles of Incorporation
- AML/KYC Policies
- Proof of Registered Office Address
ONGOING DUTIES FOR LICENSED VASPS
A VASP license requires ongoing compliance to remain valid, which includes:
Regulatory
Filings
Submitting periodic reports to the financial authority.
AML/CTF
Compliance
Updating policies and KYC controls to meet global standards.
Data & System
Security
Protecting customer data and transactions.
License
Maintenance
Renew licenses and report changes.
Annual
Fee
Requires a yearly fee of about USD 4,500.
VASP LICENSE APPLICATION PROCESS
The process for obtaining a VASP License in Saint Vincent and the Grenadines depends on whether you already have a local company or need to incorporate one first:
Applying with an Existing Company
For companies that already have a registered entity in Saint Vincent and the Grenadines and need to obtain the VASP License to operate as a regulated provider.
1 Compliance review of the existing company.
2 Preparation and submission of the license application.
3 Approval and issuance of the VASP License.
4 Definition of the business model and licensing scope.
For companies that already have a registered entity in Saint Vincent and the Grenadines and need to obtain the VASP License to operate as a regulated provider.
Incorporating a New Company + License
For companies that do not yet have a local entity and must establish one before applying for the VASP License under Saint Vincent and the Grenadines law.
1 Incorporation of a local company under SVG law.
2 Preparation of AML/KYC and compliance documents.
3 Filing of the application with the regulator until approval.
For companies that do not yet have a local entity and must establish one before applying for the VASP License under Saint Vincent and the Grenadines law.
ADVANCE YOUR VIRTUAL ASSET BUSINESS
In Saint Vincent and the Grenadines, holding a VASP license means your project is authorized to carry out virtual asset activities legally. We also provide Setup Packages to help you launch and manage your business from day one.
FREQUENTLY ASKED QUESTIONS
What is a Virtual Asset Service Provider (VASP)?
A VASP is a business that offers services such as digital asset trading platforms, wallet custody, the creation of tokens, or cryptocurrency-based payment systems. Our team can assist you in determining whether your business qualifies as a VASP under Saint Vincent’s regulations.
Who regulates VASP licenses in Saint Vincent and the Grenadines?
Licenses are supervised by the Financial Services Authority (FSA) under the Virtual Asset Business Act 2022. The FSA sets the capital, compliance, and governance requirements that every licensed entity must meet. Our team can guide you through the entire process from company setup to licensing, providing full compliance with local regulations
Is a License Required to Operate?
Whether a license is needed depends on what your business does. Activities like support, software development, or consulting typically do not fall under licensing requirements. However, any business handling client funds or providing exchange, custody, or payment services must obtain a VASP License in Saint Vincent. Our team can help you assess your case.
What Documents Are Needed to Apply for a VASP License?
Generally, regulators ask for a company plan, anti-money laundering (AML) and know-your-customer (KYC) procedures, evidence of financial resources, and information about the management team’s experience. In Saint Vincent, these documents form the basis of every application. Our team will prepare and organize the required documentation for you.
Which Businesses Qualify for a VASP License in Saint Vincent?
Only legal entities incorporated in Saint Vincent and the Grenadines can apply for a local license. Foreign companies or individuals must establish a local company before submitting an application. Our team can assist with both incorporation and licensing.
Can I Incorporate Elsewhere and Use a VASP License from Saint Vincent and the Grenadines?
No. VASP Licenses in Saint Vincent and the Grenadines are strictly local and only apply to companies incorporated under SVG law. While some businesses may set up entities in other countries for holding or support purposes, all regulated virtual asset services must be conducted through the licensed Saint Vincent entity.
How Are VASP and CASP Licenses Different?
The term CASP (Crypto-Asset Service Provider) is used in the European Union under MiCA to describe activities similar to VASPs. In Saint Vincent and the Grenadines, only the VASP License exists, although the scope of regulated services is comparable. Our team can explain how SVG licensing fits within your global structure.
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