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St Vincent

 The islands of St Vincent and the Grenadines are a group of tropical islands located in the Eastern Caribbean around 1,600 miles (2,560km) southeast of Miami and 100 miles to the west of Barbados.

The islands are a member of the British Commonwealth, United Nations, Organization of American States, International Labour Organisation, CARICOM and the Organization of Eastern Caribbean States. The official language is English and the legal system is based on the British Common Law.

The islands have not signed any double taxation agreement or tax information agreements; any request for information would be rejected by the islands courts.

St Vincent and Grenadines is a tax-free jurisdiction for both businesses and individuals who are classified as non resident.

The population iof St Vincent is approximately 120,000. As with virtually everywhere in the Caribbean, US dollars are widely accepted. Many well known International Banks have branches in St. Vincent among them Barclays Bank, Canadian Imperial Bank of Commerce, First Caribbean and the Bank of Nova Scotia.

St. Vincent also has a first rate telecommunications system, with a state of the art fibre optic digital system installed by Cable & Wireless . There are no direct flights to or from St. Vincent to the US mainland or Europe but the island is easily via Antigua. Also, there are direct air links to other islands such as Barbados, Grenada, Martinique and St Lucia and Trinidad.

St. Vincent Offshore Companies - General Information

Principal 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. 

In 1996, the government of St. Vincent and the Grenadines created a new Financial Services Authority and issued a set of laws favourable to offshore activities operting via an IBC formed in St Vincent.

Type of Law
Common.

Language of Legislation and Corporate Documents
English.

Type of Company recommeneded for International Trade, Investment or Tax Planning
International Business Company (IBC)

Share Capital
Standard authorised share capital is US$10,000. Minimum paid up share capital is US$1.

Classes of Share Available
Registered shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights.

Bearer Shares
Nor permitted.

Restrictions on Trading
Cannot trade within Saint Vincent and the Grenadines. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.

Registered Office Required
Yes, must be maintained in Saint Vincent and the Grenadines.

Directors
The minimum number of directors is one. Director can be of any nationality and need not be resident. Corporate directors are permitted.

Shareholders
The minimum number of shareholders is one.

Publicly Accessible Records
No.

Nominee Shareholders and Nominee Directors
Permitted.

Location of Meetings of Directors and Shareholders
Anywhere.

Disclosure of Beneficial Ownership to Authorities
No.

Personal Presence Required
No.

Taxation
Nil.

Double Taxation Treaty Access
None.

Requirements to File Accounts
No.

Requirement to File Annual Return
No.

Audit Requirements
None.

Currency
East Caribbean Dollar (XCD).

Exchange Control
None.

Language of Name
English.

Restricted Words
Words such as "Assurance", "Bank", "Building Society", "Royal", "Trust Company", "Trustee Company" etc. will require special authorisation

Acceptable Designations of Limited Liability
The words "Limited", "Corporation", "Incorporated", "Societe Anonyme", "Sociedad Anonima" or Ltd, Corp., Inc., S.A. 

Time to Incorporate
Five days.

Cost of Formation
$1395 / €995  / £875 


UK / Ireland020 7175 0041
(International +44 20 7175 0041)
US / Canada1 954 866 5986
(INTERNATIONAL +1 954 866 5986)
Australia and New Zealand+61 2 9191 7472
(INTERNATIONAL +61 2 9191 7472)
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