Offshore company formation in Saint Vincent
Key features of the international business company are as follows:
- No residency or nationality requirement for shareholders, officers, and/or directors of SVG IBCs. 2. Companies may be formed with as few as one shareholders who may be a natural person or a juridical entity.
- The identity of beneficial owners, shareholders, and directors is not required to be filed in any public record unless the directors elect to do so.
- IBCs may own land in the jurisdiction, although foreigners may require an alien landholding license.
- Authorized share capital may be denominated in any recognized currency.
- No minimum capital requirement.
- Exemption from taxation; under present regulations there are no personal income taxes, estate taxes, corporate income taxes, or withholding taxes for SVG IBCs.
- Provision for the continuation of companies to and from anywhere around the globe, and for local companies incorporated to migrate to the IBC register.
- The ability for IBCs to benefit from the Caricom Tax Treaty in return for payment of tax at 1% on annual profits.
- Shares may be issued fully paid, partially paid, or nil paid.
- Company seals are not mandatory.
- No requirement for the filing of annual reports or accounts with any government authority in SVG, except for IBCs benefiting from Caricom tax treaties.
- Companies may be formed with as few as one directors, who may be a natural person or a juridical entity.
- A register of charges must be kept, but there is no requirement for this to be filed on public record.
- No requirement for a company secretary.
- Shelf companies are available.
What are the steps to forming a Saint Vincent company?
- The suggested name of the company
- Utility bill for each director and shareholder.
- Passport copy for each director and shareholder
- A signed agreement by each director
Opening an offshore bank account
PRICING
Price list
| 1500 USD | Registered address |
|---|---|
| Government fee | |
| Notarial and Apostil certification | |
| Company seal |
| 1000 USD | Registered Agent |
|---|---|
| Government fee |
| 1000 USD | Nominee Shareholder – legal entity (annually) |
|---|
| 1050 USD | Nominee Director – individual (annually) |
|---|
| 1000 USD | Nominee Director – legal entity (annually) |
|---|
| 1200 USD | Nominee Shareholder – individual (annually) |
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Find out more about what we can do for you…
FAQ
Frequently asked questions
Part of the Windward Islands located in the Eastern Caribbean, about 1,600 miles southeast of Miami, St. Vincent is the largest of the more than 30 islands that comprise the nation-state of Saint Vincent and the Grenadines. The Grenadines consist of a group of islands extending approximately 45 miles to the southeast of St. Vincent. The major islands are Bequia, Mustique, Canouan, and Union Islands.
The legal system is based on the British legal system including appeals to the Privy Council based in the United Kingdom.
Saint Vincent and the Grenadines became an independent nation in 1979 and should be a natural choice for persons wishing to protect personal wealth and assets by going offshore.
The legal system is based on the English Common Law supplemented by Local Legislation.
Saint Vincent and the Grenadines International Business Company has become the vehicle of choice for persons wishing to take advantage of the rapidly expanding offshore market. The International Business Companies Act 1996 is considered by legal experts to be a unique and innovative piece of legislation that contains provisions not found in similar legislation in other jurisdictions.
An IBC incorporated in Saint Vincent and the Grenadines enjoys the following advantages:
- There is no requirement for the filing of by-laws or for disclosure of directors, shareholders, and attorneys of fact with the Offshore Finance Authority or any other entity
- Exemption from any corporate tax, income taxes, withholding tax, capital gains tax, or other like taxes on the income or assets of the IBC for 25 years
- Exemption from inheritance and succession duties or any other form of gift tax on the estate of a shareholder
- Exemption from tax on any dividend or distribution to any other company, individual, trust or any other entity
- All information filed with the Offshore Finance Authority is protected by the most restrictive of all the Confidentiality Acts presently in force in offshore jurisdictions.
- Exemption from any corporate tax, income taxes, withholding tax, capital gains tax, or other like taxes on the income or assets of the IBC for 25 years
- Exemption from inheritance and succession duties or any other form of gift tax on the estate of a shareholder
- Exemption from tax on any dividend or distribution to any other company, individual, trust or any other entity
Nominee Service consists of Nominee Director and/or Nominee Shareholder. Both, Nominee Directors and Shareholders are available in St. Vincent.
- Certificate of Formation
- Certificate of Exemption from Import Duties
- Certificate of Exemption from Direct Taxes
- Membership Certificate
- Corporate Resolution
- Articles of Formation
- Operating Agreement
The identity of beneficial owners, shareholders, and directors is not required to be filed in any public record unless the directors elect to do so.
Saint Vincent and the Grenadines have taken the bold step of 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 the disclosure of confidential information worldwide.
A name that is similar to or identical to an existing company. A name that implies illegal activities. A name that implies royal or government patronage.
Names can be expressed in any language using the Latin alphabet if the Registrar of Companies is in receipt of an English translation and the name is not considered undesirable. Chinese names are possible.
Names Requiring Consent or a Licence: Bank, building society, savings, loans, insurance, assurance, reinsurance, fund management, investment fund, trust, trustees, Chamber of Commerce, university, municipal or their foreign language equivalents.
For St. Vincent IBC we can assist you with the bank account opening in St Vincent or internationally. The banks we cooperate with are reliable financial institutions with a long tradition in private and corporate banking. Our clients are provided with excellent customer service, online banking, Visa and/or Master cards, and other services, such as factoring, foreign exchange, savings, and specialized banking solutions.
What our clients say
Call us and we will start the process of opening a company today or schedule a consultation if you have any doubts
