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:
Summary of Saint Vincent and the Grenadines Company and main characteristics:
| General Information | |
|---|---|
| Type of company | International Business Company (IBC) |
| Corporate Legislation | New International Business Companies Act 2007 and New International Business Companies Regulations 2008. |
| Taxation | No taxes of any sort. Corporation Tax – 0% Tax on Dividends – 0% Withholding tax – 0% |
| Currency | Standard Currency USD$ Share Capital can be in USD$ |
| Paid up capital requirement | No paid up capital required |
| Time zone | UTC-4 |
| Directors | |
| Minimum no. required | 1 |
| Local Director required | No |
| Location of Meetings | Anywhere |
| Shareholders | |
| Minimum no. required | 1 |
| Location of Meetings | Anywhere |
| Company Secretary | |
| Required | No |
| Local Secretary required | No |
| Registered office required | Yes |
| Share Capital | |
| Standard Currency | USD$ |
| Standard Authorized Capital | 1.000 USD$ |
| Minimum paid up capital | No |
| Accounting Requirements | |
| Preparation of accounts | Not required |
| Requirement for audit | No |
| Accounts public accessible | No |
| Requirement to file Annual Return | No |
| Further Information | |
| Bearer shares | No |
| Confidentiality | Yes |
| Nominee services | Available |
| Need to travel | No |
| Apostille | Yes, Hague Convention 1961 |
| Owners | Individuals or Corporate |
Register your Saint Vincent Company
- Document Notarization per document: € 500
- Bundle of documents Notarization;
- Document Apostillation per document;
- Bundle of documents Apostillation.