Saint Vincent

Offshore IBC Company

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Company Formation in Saint Vincent and the Grenadines

Saint Vincent and the Grenadines is a sovereign state in the Lesser Antilles island arc, in the southern portion of the Windward Islands, which lie at the southern end of the eastern border of the Caribbean Sea where the latter meets the Atlantic Ocean. The country is also known simply as Saint Vincent.

Its capital is Kingstown, also its main port. Saint Vincent has a French and British colonial history and is now part of the Organization of Eastern Caribbean States, CARICOM, the Commonwealth of Nations, the Bolivarian Alliance for the Americas and the Community of Latin American and Caribbean States (CELAC).

SVG is an overseas financial center in which to base your company is the Preservation of Confidential Relationships (International Finance) Act 1996. A former British Crown Colony, which gained its independence in 1979 and has enjoyed political stability since then, St. Vincent is a parliamentary democracy with laws based on English common law. The language of government, commerce, as well as its principal spoken language is English.

Administratively, Saint Vincent and the Grenadines is divided into six parishes. Five parishes are on Saint Vincent, while the sixth is made up of the Grenadine islands. Kingstown is located in the Parish of Saint George and is the capital city and central administrative center of the country.

Saint Vincent and the Grenadines has no double taxation treaty with any other country. This means that information on trading activities will not be passed to a Revenue Authority anywhere.

The legal system is based on British legal system including appeals to the Privy Council based in the United Kingdom.

Companies that do not derive any income from sources in SVG are not subject to tax.

Advantages of company formation in Saint Vincent:

The International Business Companies Act 1996 gave the Saint Vincent offshore company an excellent advantages, combining privacy with tax benefits;

English is the official language and all the workplace, including contracts written, assessed are implemented in English;

No taxes of any sort – Corporation tax 0%, Tax on Dividends – 0%, Withholding tax – 0%;

In place of tax, there is a fixed annual government fee, as well as an annual registered agent fee;

There are no restrictions on foreign Directors or Shareholders, individual or corporate;

There is no minimum authorized or issued share capital requirement;

There is no withholding tax on interest, dividends and royalty, no capital gains tax for Saint Vincent offshore;

Interim dividends distribution is allowed. Distribution to foreign entities or individuals are not taxed in Saint Vincent;

Nominee services are available for Saint Vincent company formation;

No requirement for filing of financial accounts or audit;

Board Meetings can be held anywhere in the world.

Summary of Saint Vincent and the Grenadines Company and main characteristics:

General Information 
Type of companyInternational Business Company (IBC)
Corporate LegislationNew International Business Companies Act 2007 and New International Business Companies Regulations 2008.
TaxationNo taxes of any sort.
Corporation Tax – 0%
Tax on Dividends – 0%

Withholding tax – 0%
CurrencyStandard Currency USD$
Share Capital can be in USD$
Paid up capital requirementNo paid up capital required
Time zoneUTC-4
Directors
Minimum no. required1
Local Director requiredNo
Location of MeetingsAnywhere
Shareholders
Minimum no. required1
Location of MeetingsAnywhere
Company Secretary
RequiredNo
Local Secretary requiredNo
Registered office requiredYes
Share Capital
Standard CurrencyUSD$
Standard Authorized Capital1.000 USD$
Minimum paid up capitalNo
Accounting Requirements
Preparation of accountsNot required
Requirement for auditNo
Accounts public accessibleNo
Requirement to file Annual ReturnNo
Further Information
Bearer sharesNo
ConfidentialityYes
Nominee servicesAvailable
Need to travelNo
ApostilleYes, Hague Convention 1961
OwnersIndividuals or Corporate

Register your Saint Vincent Company

Company Formation – with all services included for the first year: € 2000;

Certificate of Incorporation;

Memorandum and Articles of Association;

Appointment of Director(s), Distribution of Shares, Minutes, Resolutions in accordance with banks requirements;

Share Certificate(s);

Authorized Share Capital of 1,000USD$;

Local Registered Office Address;

Registered Agent;

Personal manager assistance for the entire period.

Renewal Fee after one year – with all services included for the next year: 1400

Local Registered Office Address;

Registered Agent;

Government annual fees;

Personal manager assistance for the entire period.

Nominee Director – Individual or Corporate as per client’s request: € 800

Nominee Shareholder – Individual or Corporate as per client’s request: € 800

Power of Attorney – General / Special PoA Notary Legalized with Apostille, in accordance official institutions and with banks requirements: € 500

Certificate of Good Standing with Apostille, in accordance with official institutions and banks requirements: € 450

Certificate of Incumbency with Apostille, in accordance with official institutions and banks requirements: € 450

Legalization of Documents:

  • Document Notarization per document: € 500
  • Bundle of documents Notarization;
  • Document Apostillation per document;
  • Bundle of documents Apostillation.

Company Seal: € 100

Company Rubber Stamp: € 150

Bank Account opening service – Quotation based on each particular case;

Compliance Service – After Company Incorporation Services – new persons, legal entities, annual compliance review: € 75/hour

Accounting & Bookkeeping – Quotation based on each particular case.