Saint Vincent

Original price was: $ 1,499.00.Current price is: $ 1,299.00.

Over 1,000 businesses partner with us for our company services. |  Ready to register ? | Speak with our Experts |Over 1,000 businesses partner with us for our company services. |  Ready to register ? | Speak with our Experts |

Incorporation Details

Fee schedule
Country First year Annual fee
Saint.Vincent (SVG) US$ 1,299 US$ 1,090

*** To maintain good standing, your SVG  company must pay an annual renewal fee. This fee is a flat rate and free from hidden charges.

What’s included for 1299

● Incorporation of Company
● SVG Government Registration Fees
● Registered Office for 1 year
● Registered Agent for 1 year
● Certificate of Incorporation
● Memorandum of Association
● Register of Members
● Membership Certificates
● Lifetime support

Why Saint.Vincent

St. Vincent and the Grenadines company formation is a very attractive option for a classic assets holding offshore company, international trading company or yacht ownership

Growing Financial Centre

In today’s competitive world, different types of businesses are emerging from every nook and corner. St. Vincent remains a relatively small financial centre compared to other more popular Caribbean offshore centres. On the other hand, St. Vincent has all the necessary asset protection provisions in its legislation. One strategy that has gained traction is offshore company formation. Among the different offshore locations, St. Vincent and the Grenadines stand out for their favourable business environment. Its flexible tax incentives, asset protection, enhanced privacy, stable environment, easy company setup, and fast banking process are the reasons entrepreneurs and business people prefer a St Vincent offshore company.

Benefits of opening a company in Saint.Vincent
  • The following are the advantages one would gain while incorporating a Saint Vincent Offshore company.
    1. Flexible Taxation: It also does not apply any capital gains tax, allowing business owners to reinvest profits into their business.
    2. Access to Worldwide Markets:
    3. High-end Privacy and Confidentiality
    4. Affordable Company Setup Solutions
    5. Quick and Easy Company Incorporation
    6. Political Stability
Types of Business Entities in SVG

You can form various types of companies.The Act allows for the formation of International Business Companies (IBCs), Limited Liability Companies (LLCs), and other business entities suitable for international trade and investment.

  1. In St. Vincent, the most common types of business entities include Local Companies and Business Companies (formerly International Business Companies (IBC)). Local companies are ideal for conducting business within the country, while IBCs offer benefits for those looking to engage in international trade or investment activities. IBCs are regulated under the International Business Companies Act of 2007, designed to accommodate a wide range of business activities with favorable tax conditions and privacy.
  2. BCs are favored for asset protection, cryptocurrency enterprises, Forex trading, international commerce, and yacht and vessel registration.
  3. Recent legal changes have introduced Limited Liability Companies (LLCs), offering benefits similar to Business Companies without being subject to Economic Substance regulationsLLCs are vehicles commonly used for asset protection and investment structures.
Incorporation Procedure

Documents from individuals:

  • Director/Member/Manager’s Certified/Notarized Passport(s)
  • Director/ Member/Manager ‘s Certified/ Notarized  Residential Address Proof(s) (for example: Electricity/Water/Phone bill…not older than 03 months)
  • 3 Proposed company name
  • Reference from a bank, lawyer, chartered accountant or other professional Letter
  • Notarized copy of ID or driver’s license
  • Completed Application Form (we will provide).

Documents from legal entities:

  • Copy of the Certificate of Incorporation;
  • Copies of incorporation documents (Articles of Association and Memorandum of Association).
  • Register of directors/shareholders/members.

Note: Where documents are in a language other than English, a certified translation of the full document into English must be provided, with the original document.

Company Structure
  • Minimum Number of Directors: One, who may be a natural person or a corporate body.
  • Minimum Number of Shareholders: One, which can be the same entity as the director.
  • Beneficial Owners: While beneficial owners are not part of public records, you must provide this information to the Registered Agent who maintains confidentiality
Timeline

Once we have received all the required identification documents, the company formation process will take approximately 4 working days subject to compliance review.

Taxation Policies

Corporate Income Tax – Business Companies are subject to a territorial tax system –

  • income which arises from activities taking place in St Vincent (local-source income) is subject to 30% income tax
  • income which arises from activities taking place outside of St Vincent (foreign-source income) is exempt from tax

Other taxes – Saint Vincent & The Grenadines levies personal income tax on tax resident individuals at progressive rates up to 32.5% on income accrued or remitted to the country exceeding XCD 10,000. Tax residents are individuals physically present in the country for at least 183 days in a year.

Real property tax is levied at a 5% rate on the market value of the property. There is a transfer tax on the sale of immovable property at 5% for both the buyer and the seller. There are no inheritance and wealth taxes.

Accounting and Audit Requirements

LLC in Saint Vincent and the Grenadines does not provide financial and accounting statements. There are also no requirements for auditing of any enterprise LLC

Business Companies (BCs) must submit annual financial statements every June for the previous financial year. For companies whose gross revenue for the financial year does not exceed four million XCD; or whose total assets does not exceed two million XCD, they may submit a simple declaration of solvency in lieu of the financial statements.

Contact us for complete assistance in opening an offshore company in Saint.Vincent

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Follow the right path with the right procedure

STEP 01

Select package and submit KYC documents

STEP 02

Sign application forms and do due diligence requirements

STEP 03

Submit the application and receive corporate documents

STEP 04

Annual registration renewal to keep business in good standing