Saint Vincent and the Grenadines - Company Incorporation

saint vincent and grendines

Saint Vincent and the Grenadines is an independent nation and became independent in 1979. It is a full member of the British Commonwealth, the United Nations, the Organization of American States, the International Labour Organisation, CARICOM, and the Organization of Eastern Caribbean States.

Location

St. Vincent and the Grenadines is approximately 1600 miles southeast of Miami and 100 miles from Barbados and is part of the Windward Islands.

The International Business Companies Act 1996 gave the Caribbean jurisdiction some excellent advantages, combining privacy with zero taxes. The IBC is particularly liked by the international banking community as the jurisdiction is untainted by money laundering problems.

Saint Vincent and Grenadines

Advantages of Saint Vincent and Grenadines:

  • IBCs may issue bearer shares.
  • Shares can be issued in any currency.
  • Shares may have any rights, privileges and limitations agreed in statutes.
  • Any word can be used to imply limited liability - SA, Sàrl, Limited, GmbH etc.
  • Statutes need not be filed.
  • No disclosure of directors or shareholders to any registry.
  • Freedom of movement of money for 25 years after incorporation.
  • No corporate taxes, withholding taxes, capital gains taxes or others for 25 years.
  • Exemption from Stamp Duty on property transactions or share transactions for 25 years.
  • No inheritance duties on the bequeathing of shares.
  • No tax on any dividend or distribution to any company, individual or trust during 25 years.
  • Can transfer domicile out of the jurisdiction or re domicile into St. Vincent.
  • Incorporate within 3 days.
  • Information filed with the Offshore Finance Authority is protected by Confidentiality Acts.
  • Provision for meetings of Directors and shareholders can be held by telephone anywhere in the world.
  • Limited Duration Companies are permitted.