St. Vincent & the Grenadines company

Saint Vincent SVG offshore company

St. Vincent edges out as the largest island of the 30+ islands that constitute the nation state of Saint Vincent and the Grenadines. The island is located about 1,600 miles on the South-Eastern part of Miami. The Grenadines is collective in that it consists of a group of islands that extend a distance of about 45 miles south-east of St. Vincent. Some of the major islands include Canouan, Mustique, Union Island and Bequia islands.

The legal system in use in this island (St. Vincent) has its basis on the British’s legal system. This is inclusive of legal proposals to the Privy Council whose base is in the United Kingdom. St. Vincent boasts of having highly functional telecommunication systems.

Saint Vincent and the Grenadines has taken the bold step in providing the offshore market with the Preservation of Confidential Relationships (International Finance) Act 1996. This Act is by far the most restrictive confidentiality law in existence in the world today and is designed to ensure that the privacy concerns of persons wishing to do business in Saint Vincent and the Grenadines are fully addressed. It is the only one of three general financial privacy laws in the world and the only one found in an independent sovereign nation. General financial privacy laws protect against disclose of confidential information worldwide.

Why St. Vincent and the Grenadines?

  • All certificates, seals and resolutions are optionally available for your IBC.
  • An IBC is not required to file any annual returns with the government of St. Vincent and the Grenadines
  • IBC’s are exempt from local tax and stamp duties for twenty years from incorporation.
  • Its books, records and seal may be kept outside of St. Vincent and the Grenadines.
  • Limited liability of shareholders.
  • May be administered from any place in the world
  • May issue shares with qualifications rights, privileges, limitations and restrictions and in one or more currencies
  • No annual external audit is required for an IBC in SVG and financial statements are not required to be published.
  • No fixed limit on the amount of authorized capital subject to a minimum of USD 1.00.
  • No investment restrictions
  • No restrictions on borrowing or distribution of dividends except those provided in the Articles of Incorporation.
  • An SVG IBC can own landed property in SVG but a separate Alien Landholding License from the Government of St. Vincent and the Grenadines is also required for all non – residents to do that. Please contact us for more information if you are interested in acquiring landed property in St. Vincent and the Grenadines.
  • No restrictions on percentage or ownership of shares.
  • Non-resident IBC shareholders are exempt from all income taxes, capital gains taxes and corporate taxes in St. Vincent and the Grenadines.
  • Only needs one director, who may be an individual or a corporation
  • Registered or Bearer Shares are available.
  • St. Vincent and the Grenadines Share capital may be expressed in any currency although usually the US Dollar is used.
  • Information on the beneficial owner of an IBC is confidential since it is not required to be submitted to the registrar
  • Information of IBC cannot be disclosed to third parties

Taxation:

Corporate taxes such as withholding tax, income tax, capital gains, or other are exempted for 25 years on IBCs.

St. Vincent IBC’s are exempt from all forms of taxation for 25 years from the date of initial registration. Under the Caricom Tax Treaty, IBCs have the option of choosing to pay income tax at the rate of 1% in St. Vincent and the Grenadines on all profits where investor domestic law requires tax distribution evidence.

Sectors of Uses:

  • Trading and investing internationally
  • Holding the ownership of intellectual property, licensing and franchising
  • Protecting assets, tax-free and discreetly
  • Buying and selling goods and services
  • Holding bank accounts and operating businesses
  • Owning of intellectual property, franchising and licensing
  • Operating internet businesses (business websites)

Restrictions on Trading

Cannot trade within SVG. Cannot undertake banking or insurance activities. Cannot solicit funds from the public nor offer its shares to the public.

Incorporation for the first year includes:

  • Certificate of Incorporation
  • Certificate of Exemption from Direct Taxes
  • Certificate of Exemption from Import Duties
  • Articles of Incorporation
  • By-Laws
  • Share Certificate
  • Resolution of the Directors

Fees and charges

Services1st year fee / One time feeAnnual feee
Company formation, local fees, registred office, registred agent, a basic set of company documents with apostille€ 1090 € 900
Nominee corporate director -incl. POA with Apostille€ 350€ 350
Nominee corporate shareholder€ 300€ 300
Signing of documents by Nominee€ 30
Apostille and Notarial€ 100
Issunace of Additional POA€ 60
Issunace of Additional POA with Apostille€ 160
Courier dispatch services€ 130
Certificate of Good standing € 120
Certificate of Good standingwith Apostille€ 220
Certificate of Incumbency€ 90
Certificate of Incumbency with Apostille€ 190
Business registry change (change of the director or shareholder)€ 100
Beneficial owner change€ 150
Company dissolution€ 1500