SVG Financial Statements Filing — Accurate Reporting, On Schedule
St. Vincent and the Grenadines requires every Business Company to file annual financial statements with the Financial Services Authority. Our specialists prepare and submit your reports — or, where eligible, a declaration of solvency — so your company remains in full regulatory standing.
Annual Financial Statements Filing for SVG Business Companies
All Business Companies incorporated in St. Vincent and the Grenadines must file annual financial statements — or, for qualifying smaller entities, a Declaration of Solvency — with the Financial Services Authority (FSA). This submission is due within five months of the company's balance date.
The type of filing depends on the size of the company. Larger BCs (those with gross annual revenue exceeding XCD 4 million or total assets above XCD 2 million) are required to submit full financial statements. Smaller BCs that fall below both thresholds may instead file a Declaration of Solvency, a streamlined document signed by the directors confirming the company meets the statutory solvency test.
This requirement is governed by the Business Companies (Amendment and Consolidation) Act and forms a central part of SVG's corporate governance and financial transparency framework.
What Needs to Be Filed
Full Financial Statements (Large BCs)
Declaration of Solvency (Small BCs)
Company Particulars
Supporting Documentation
The solvency test requires directors to confirm, on reasonable grounds, that the company can pay its debts as they fall due and that the value of its assets exceeds its liabilities.
Exemptions and Simplified Filing
Small Company — Declaration of Solvency
Limited Liability Companies
Companies in Liquidation
There is no full exemption for active Business Companies. Even small BCs must file a Declaration of Solvency — the simplified option reduces the complexity, not the obligation itself.
Penalties for Non-Compliance
Late filing
Financial penalties are imposed for each period the filing remains overdue with the FSAFailure to maintain records
Substantial fines under the Business Companies Act for not keeping proper financial records as requiredGood Standing impact
Companies that fail to file may be unable to obtain a Certificate of Good Standing from the FSAPotential strike-off
Continued non-compliance may result in the company being struck from the register and ultimately dissolvedThe FSA monitors filing compliance actively. Maintaining up-to-date financial records is both a legal requirement and a prerequisite for obtaining Good Standing certification.
Financial Statements Filing Deadline
Financial statements or the Declaration of Solvency must be filed with the FSA within 5 months of the company's balance date.
| Balance Date (Example) | Filing Window | Deadline | Recurring Deadline |
|---|---|---|---|
| 31st December 2024 | 1st January 2025 to 31st May 2025 | 31st May 2025 | 31st May |
| 30th June 2024 | 1st July 2024 to 30th November 2024 | 30th November 2024 | 30th November |
Financial Statements Prepared and Filed for You
Whether your SVG company requires full financial statements or a Declaration of Solvency, we handle the preparation and submission to the FSA so you don't have to.
Included in Your Package
Financial statements filing comes as part of your compliance engagement — no additional cost for the preparation or submission.
FSA Reporting Standards
Our team knows exactly what the Financial Services Authority expects, whether it's full statements for larger BCs or a solvency declaration for smaller ones.
Your Dedicated Contact
A relationship manager oversees the entire filing, liaising with you on documentation and keeping everything on schedule.
Deadline Monitoring
We track your 5-month filing window and send reminders in advance, ensuring nothing slips through the cracks.
Prompt Processing
Financial statements or solvency declarations are prepared and filed efficiently once we have the necessary records from you.
Annual Reporting, Completely Sorted
From classifying your company size to delivering the final filing to the FSA, we manage the full financial statements process.
Financial Statements Filing — No Additional Fee
Whether your SVG company needs full financial statements or a Declaration of Solvency, the preparation and filing are included in your compliance package.
For Existing Customers
For Company Transfers
What's Provided
Company size assessment (large vs. small BC)
Financial statements or Declaration of Solvency preparation
Filing with the Financial Services Authority
Your dedicated relationship manager
Balance date monitoring and timely reminders
How Your Financial Statements Get Filed with the FSA
Whether it's full statements or a Declaration of Solvency, here's our step-by-step approach.
Start the Filing Process
Contact us to begin. We confirm your company's balance date, determine whether you qualify as a large or small BC under SVG thresholds, and let you know which type of filing applies — full financial statements or a Declaration of Solvency.
Compile Records & Prepare Filing
Share your accounting records, bank statements, and transaction history. We use these to prepare your financial statements or draft the Declaration of Solvency for director sign-off.
Submit to the FSA
Once the documents are finalised and signed, we file everything with the Financial Services Authority within the 5-month window, ensuring your company stays in good regulatory standing.
Confirmation of Submission
You receive a filing confirmation once the FSA has accepted your submission — documented proof that your company's annual financial reporting obligation has been met.
Financial Statements Filing — Sorted for You
Whether it's full statements or a Declaration of Solvency, we prepare and deliver your filing to the FSA.
Frequently Asked Questions
Answers to common questions about SVG financial statements filing and the Declaration of Solvency.
It depends on your company's size. If your gross annual revenue exceeds XCD 4 million or total assets exceed XCD 2 million, full financial statements are required. Companies below both of these thresholds may file a simpler Declaration of Solvency instead.
It is a formal document signed by two directors (or the sole director, if only one exists) certifying that, on reasonable grounds, the company can pay its debts as they fall due and that the value of its assets exceeds its liabilities as at the balance date.
Financial statements or the Declaration of Solvency must be filed with the FSA within 5 months of your company's balance date. For example, a company with a 31st December balance date has until 31st May to submit.
No. Financial statements filing is included in your Expanship compliance package at no extra cost. For companies transferring to Expanship with overdue filings, a fee of US$225 per outstanding filing applies.
An audit is not mandatory for most SVG Business Companies unless specifically required by the FSA. In the majority of cases, unaudited financial statements or a Declaration of Solvency will satisfy the filing obligation.
We'll need your accounting ledgers, bank statements, and transaction records for the financial year. If you use our accounting and bookkeeping services, most of this information is already available to us, making the process faster.
No. Limited Liability Companies in SVG have no obligation to file financial statements or solvency declarations with the FSA. This requirement applies only to Business Companies.
Late filing results in financial penalties from the FSA. Additionally, non-compliant companies may be unable to obtain a Certificate of Good Standing, and continued failure to file can lead to the company being struck off the register.
No. Financial statements and Declarations of Solvency are filed confidentially with the FSA and are not made available on any public register. We maintain full confidentiality throughout the process.
Questions About Financial Statements Filing?
Unsure whether you need full statements or a Declaration of Solvency? Wondering about the FSA deadline? Reach out — we're here to clarify.
