Acquiring a Class I Banking License in St. Vincent and the Grenadines St. Vincent & the Grenadines is considered a premier jurisdiction for securing a Class I international banking license for a number of reasons, including the following:

		It is a clean jurisdiction that has not seen the problems that some other jurisdictions have experienced with their offshore banks.
		The due diligence work on the client(s) is done within 3 weeks.
		Approval is given by the Board of Directors at its very next meeting, following completion of due diligence.
		The fees associated with obtaining a banking license are some of the lowest in the Caribbean.
		The government has separated the promotional aspects of the work of the International Financial Services Authority (IFSA) from its regulatory function.
		The Eastern Caribbean Central Bank (ECCB) now monitors offshore banks in St. Vincent & the Grenadines as it has monitored domestic banks for over 25 years.  The deputy governor of the ECCB, who is a native of St. Vincent & the Grenadines is a member of the Board of Directors of the International Financial Services Authority (IFSA).  The ECCB has the reputation of maintaining one of the strongest currencies in the world for the 9 states in the Organization of Eastern Caribbean States (OECS).  The ECCB is viewed with respect all over the world and even the European Union sought information about this phenomenon before establishing the Euro.

The first step is to have a Registered Agent in the state to register an International Business Company (IBC).  This IBC is then used as the vehicle for making the application.  The IBC must name shareholders.  Its shares cannot be Bearer shares, but must be Registered shares.

Following the formation of the IBC, the applicant(s) must submit, through the Registered Agent, a completed application form for a banking license.  The applicant(s) must also provide due diligence information.  We provide a list of the pieces of information required.  The International Financial Services Authority (IFSA) employs an investigating agency to do the due diligence work and this is normally completed within 3 weeks.

Following the due diligence work, the Board of Directors of the International Financial Services Authority (IFSA) considers its results and decides to recommend or not recommend the approval of the applicant to the government of the state, that has the final word.

Argon Limited is a Registered Agent, Registered Trustee and Financial Fiduciary of the International Financial Services Authority (IFSA).  We are one of the most successful companies in the offshore sector in St. Vincent & the Grenadines.  Our company is known worldwide for its excellent customer relations and especially its efficiency. 

For more information and application forms, send email to argonlimited@gmail.com.