FSU Fees
Virtual Asset Business Act 1 of 2022
Application Fee | EC$10,800 |
Registration Fee | EC$32,400 |
Late Fee | EC$6,750 for late payment of the registration fee |
1. Application Fees for Registration 2. Annual Registration Fees Individual |
3. Annual licence fees 4. (a) Registration of a pension fund plan $2,000 5. Fees for reinstatement of registration |
Incorporation Fee | Annual Fee | |
Onshore only | EC$50,000 | EC$50,000 |
Offshore only | US$8,000 | US$8,000 |
Joint Offshore/Onshore | US$20,000 | US$20,000 |
General Trust | US$4,000 | US$4,000 |
Restricted Trust | US$100 | US$100 |
Application Fee | US$2,000 |
Class of Licence | Description of Licence | Licence Fees EC$ Application Annual License |
Class A | Money Transmission | $2,500 $5,000 |
Class B | Issuance, Sale and Redemption of Payment Instruments | $2,500 $5,000 |
Class C | Cheque Cashing | $2,500 $5,000 |
Class D | Currency Exchange | $2,500 $5,000 |
Class E | Pay day advances | $2,500 $5,000 |