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
Company $2,500
Individual $500

2. Annual Registration Fees
Company
Insurance Broker $2,500
Insurance Adjuster $2,500
Insurance Agent $2,500
Sales Representative $2,500

Individual
Insurance Broker $1,000
Insurance Adjuster $750
Insurance Agent $750
Sales Representative $500

3. Annual licence fees
(a) Local insurance company
Long term insurance business $9,000
General insurance business $7,500
(b) Foreign insurance company
Long term insurance business $10,000
General insurance business $8,000

4. (a) Registration of a pension fund plan $2,000
(b) Registration of an amendment/change of a pension fund plan $500

5. Fees for reinstatement of registration
Company $500Individual $150

6. Inspection of copies of records $5 per page, $25 minimum
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