Saint Vincent and the Grenadines get advice on Saint Vincent and the Grenadines as well as a wide range of legal services from the international law firm Campio Group.

COST OF REGISTRATION OF OFFSHORE IN SAINT VINCENT AND THE GRENADINES

Jurisdiction	Terms of registration of the new company	Registration of a company with nominal service	Annual support of the company with nominal service (from year 2)	Issuance of apostilled power of attorney (from year 2)
St. Vincent and the Grenadines (LTD)	Terms of registration of the new company 10 days	Registration of a company with nominal service 2 800$ This price includes: company registration, payment of state fees, nominee service, legal address, apostille of statutory documents, general power of attorney under an apostille, declaration of trust, legal support until the end of this year, primary compliance check and KYC procedure (Know Your Client).	Annual support of the company with nominal service (from year 2) 1 500$	Issuance of apostilled power of attorney (from year 2) 550$

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Photo 1 - Company registration in St. Vincent and the Grenadines

About Saint Vincent and Grenadines

Saint Vincent and the Grenadines is an island country located in the Caribbean, a part of the United Kingdom.

The main sources of state income are elite tourism and agriculture. As the economy of St. Vincent and the Grenadines is heavily depends on weather conditions, the government creates conditions for developing of the country as a financial center.

More than 20 countries sail under the flag of Saint Vincent and the Grenadines.

LEGISLATION

The International Business Companies Act, 1996 regulates companies’ activities in St. Vincent and the Grenadines.

Types of companies

The Law provides limited and unlimited liability companies. The most convenient is Limited Liability Company (Ltd, Corporation, Corp., S.A., Inc etc.).

COMPANY REGISTRATION IN ST. VINCENT AND THE GRENADINES: REQUIREMENTS

LIMITED LIABILITY COMPANY:

The minimum authorized capital – not established. Payment by the moment of incorporation in not required.
Shares – any, incl. bearer, in any currency, may be without nominal value.
Director – at least 1, individual or legal person, no residency required.
Members – at least 1, individual or legal person, no residency required. Director and shareholder may be the same person. Nominee service may be used.
Secretary – not required.
The registered agent is required.
Publicly available information: address and a size of the authorized capital.
Company is not obliged to keep and submit an annual financial report, to be audited. However, companies that have more than $4 million in account balances at the end of the financial year or more than $2 million in volume shares at the end of the year are required to file an annual financial report. A state fee is also paid once a year.
Registered office in St. Vincent and the Grenadines is required.
Annual meetings of shareholders may be hold in any place or by telephone communications.

TAXES

As of June 30, 2021, all International Business Companies (IBC) on St. Vincent have lost their “International” status and switched to the status of ordinary business companies (BC) with a tax rate on income of 30%.

But, the country still retained some tax exemptions for non-residents, namely: the absence of taxes on real estate, inheritance and gift.

CURRENCY CONTROL

None.

AGREEMENTS ON AVOIDANCE OF DOUBLE TAXATION

The state has signed only one double taxation agreement with the countries of the Caribbean Commonwealth. A number of agreements on the exchange of information have also been signed.