| Class of Licence | Description of Licence | Licence Fees EC$ |
|---|
| Application | Annual License | |
| Class A | Money Transmission | $15,000 |
| Class B | Issuance, Sale and Redemption of Payment Instruments | $2,500 |
| Class C | Cheque Cashing | $2,500 |
| Class D | Currency Exchange | $2,500 |
| Class E | Pay day advances | $15,000 |
Pursuant to Section 4 of the Stamp (Amendment) Act No. 17 of 2023, Stamp Duty of Two Percent (2%) of the monetary value of all outbound money transfers shall be payable to the Comptroller of Inland Revenue no later than the 20th day of the following month.
Effective January 1, 2024
