Saint Vincent Company Formation

Saint Vincent Company Formation
  • Safe jurisdiction and extraordinary reputation.
  • Time of Saint Vincent company formation takes 5 DAYS.
  • Personal presence is not required.
  • Popular company type:
    • Saint Vincent International Business Company (IBC)

Tax Rates in Saint Vincent

Corporation Tax in St Vincent: 30% a tax on territorial income only—and so seeing that the business companies do not trade in St. Vincent and the Grenadines, taxes would therefore not be payable

Income Tax in St Vincent: 30%

VAT Tax in St Vincent: 16%

About Saint Vincent

Overseas Territory: Saint Vincent

Capital: Kingstown

Region: A southern Caribbean nation comprising a main island, St. Vincent, and a chain of smaller islands

Language: English

Currency: East Caribbean dollar (XCD)

Time Zone: GMT-4

Dial Code: +1

Abbreviations: VC

What we can do for your Company in Saint Vincent

  • We do all paperwork on forming the company in Saint Vincent
  • Formation is completely remote
  • Can act as Secretary or Treasury
  • Provide nominee Directors/Shareholders
  • Assist with opening a bank account
  • Registration for Taxes, VAT & EORI
  • Develop a website for your business
  • Create a logo of your brand
  • Provide with full company administration services
  • Arrange a mailing address for your business
  • Arrange a virtual office for your company
  • Telephone answering service
  • Book keeping, audit & reporting
  • Preparing and submitting VAT return
  • Dealing with local authority
  • Trademark registration

Saint Vincent Company Formation. Saint Vincent Offshore Company.
Saint Vincent IBC Registration

Main Characteristics and the basic rules of Company registration in Saint Vincent

You may have planned about taking your existing business to overseas locations. However, you may choose one of the lesser known countries for such need. When your capital is not huge and you want to try out business potential in market that is not huge- choosing small countries makes sense. You can try out St. Vincent and the Grenadines- an archipelago adjacent to the North America shores. The former British colony has a small population and prospects of business investment are quite good here. You may however try our Saint Vincent Company Formation package.

There are many reasons for which you can consider taking your business operations to St. Vincent and the Grenadines. The majority of population is English speaking- to begin with. The financial track record of the small country is pretty consistent. Eastern Caribbean Dollar’s exchange rate to USD has remained more or less constant since 1976. These are motivating for any foreign investor or MNC.

The govt of St. Vincent and the Grenadines has realized the importance of taking pro business steps to woo more foreign investors. The country’s Financial Services Authority ensures no fraudulent economic activity takes place. Incorporation of The International Business Companies Act of 1996 has made things simpler for companies.

If you are worried about paying steep corporate taxes when setting up business in a foreign country, St. Vincent and the Grenadines is ideal for you. For 25 years, you are exempted from paying any corporate tax. This may make you lured to set up business here. However, things will be easier when you seek our Saint Vincent Company Formation package.

The tourism sector in the county is thriving and things have improved after the shooting of the Pirates of the Caribbean franchisee. Some tourism and hospitality sector related ventures can grow here. Of course, companies dealing with technological services and agriculture can also prosper here.

The infrastructure in the country has improved significantly in the last decade and this is also suitable for foreign investors. The Argyle International Airport is set to enhance connectivity to major countries. The telephony and internet service in the country has improved a lot in the last few years.

You may gain by using consultancy of expert agencies while setting up a venture in St. Vincent and the Grenadines. BROIS group can guide you the best on this. It is time you check out our Saint Vincent Company Formation package.

Saint Vincent Company Formation Financial Advantages
Taxation: No taxes
Double Taxation Treaty Access: No Treaty Access
Saint Vincent Tax Information Exchange Agreements: Yes, Saint Vincent signs Exchange Agreements
Account Filing Requirements: No accounting / reporting requirements
Annual Return Filing Requirements: No annual return/ reporting requirements
Audit Requirements: No audit required.
Saint Vincent Company Formation Registration Requirements
Share Capital: US$10,000 Minimum paid up share capital US$1
Classes of Share Available for Saint Vincent company formation: Shares with or without voting rights, redeemable shares, registered shares, preference shares, shares of no par value
Bearer Shares: Not Allowed
Registered Office Required: Yes required and must be maintained in Saint Vincent
Shareholders: Minimum number is one
Directors: Minimum number is three. Can be any nationality and need not be resident in Saint Vincent. Corporate directors are allowed
Your Company language: English
Name of your Company must be ended: “Corporation”/ Corp., “Limited”/Ltd, “Incorporated”/Inc.,, “Societe Anonyme”/S.A., “Sociedad Anonima”
Documents required for Saint Vincent company formation: A certified copy of your passport or ID and proof of your residential address dated less than 3 months.
Saint Vincent Company Formation Restrictions
For Saint Vincent company formation you cannot use words in your company names without justification: “Bank”, “Trustee Company”, “Assurance”, “Building Society”, ”Trust Company”, “Royal” etc.
Restrictions on Trading: Not permitted to trade within Saint Vincent
Not permitted without a licence: Fund management, insurance, Banking, reinsurance, assurance, trust management, collective investment schemes, trusteeship business provision.

Important facts on St. Vincent and the Grenadines IBCs

  1. Does not do any kind of business with residents of SVG
  2. An IBC is exempt from paying taxes in SVG (but has the option of paying 1% tax).
  3. Must have a Registered Agent in SVG.
  4. Cannot carry on any activity for which it requires a licence granted by the Authority, unless such a  licence has been granted. (eg: Mutual Funds business, International Banking Business, International Insurance business).
  5. An IBC may own land in SVG as long as it obtains an Alien Land Holding Licence.
  6. May issue registered shares or bearer shares.
  7. May have only one director and one shareholder.
  8. Does not have to register directors and shareholders but this information must be kept with the Registered Agent (must maintain a Register).
  9. Shareholders, directors and officers may reside anywhere in the world and their meetings may be held wherever they decide. There is no residency or nationality requirement for shareholders, directors and/or officers of a SVG IBC.
Saint Vincent Company Formation Confidentiality and Security
Publicly Accessible Records: No public register of company officers (Directors, Shareholders, Secretary)
Nominee Shareholders and Nominee Directors: Yes, Allowed
Disclosure of Beneficial Ownership to Authorities: No
Meetings of Directors and Shareholders to be held: Anywhere
Stability: Safe jurisdiction and extraordinary reputation.

The legal system of St. Vincent and the Grenadines is similar in most respects to that of the United Kingdom. The court of final appeal is Her Majesty’s Judicial Committee of the Privy Council in London, England.

The lower courts are the Magisterial District courts that exercise both civil and criminal jurisdiction up to a certain limit.

There is also a separate court called the Family Court that is presided over by a President and deals exclusively with family related matters.

The primary court of first instance is the High Court of Justice, from which appeal is made to the Eastern Caribbean Court of Appeal. Both derive their jurisdiction form the Eastern Caribbean Supreme Court Act.

Puisne Judges preside over civil and criminal matters at the High Court. There presently three such judges in our jurisdiction.

Appeals are heard by a panel of three judges and are presided over by the Chief of Justice or President of the Court of Appeal and the Justices of Appeal.

The basic law is English law.

However, St Vincent and Grenadines have developed their own body of statutory laws, particularly in the area of international finance.
The lawyers in the Eastern Caribbean are competent to practice freely in any Eastern Caribbean State, and in certain other states, including Jamaica, Barbados, Trinidad, Guyana and Belize.

About Saint Vincent saint vincent company formation
Capital city: Kingstown
Region: A southern Caribbean nation comprising a main island, St. Vincent, and a chain of smaller islands
Political System: Parliamentary Democracy
Government: Constitutional Monarchy
Governing corporate legislation: The Company Act, No 8 of 1994, The International Business Companies (Amendment and Consolidation) Act 2007, The International Business Companies Act 1996 as amended
Type of Law: Common
Currency: East Caribbean Dollar (XCD)
Exchange Control: None.
Language of Legislation and Corporate Documents: English
Time Zone: GMT-4

This publication is provided for information purposes only. This info should not be treated as a substitute for a tax or legal consultation or legislation. You should not act on the basis of the information contained in this publication without having obtained individual advice from the professional expert.

BRIS GROUP does not assume responsibility for any damage resulting from decisions made by the reader on the basis of this publication.

Our team of consultants are here to take you through the process.