SVG

An independent and politically stable jurisdiction.

overview

St. Vincent and the Grenadines

If you wish to incorporate your company in St. Vincent and the Grenadines, it is actually quite a straightforward process.

The law that governs offshore companies in St. Vincent and the Grenadine is the International Business Companies Act, 1996, offering transparent and clear guidelines.

In addition, the privacy of stakeholders is ensured by the Confidential Relationships Preservation (International Finance) Act, 1996.45

Located in the Southern Caribbean Sea, Saint Vincent and the Grenadines is an independent sovereign nation comprising the main island of Saint Vincent and part of the Grenadines island chain.

Upon gaining independence from the UK in 1979, it has become a full member of the United Nations (UN), the Commonwealth, the Organization of American States (OAS), the Caribbean Community (CARICOM), and the Organization of Eastern Caribbean States (OECS), among others.

SVG has amended its International Business Company Act and the International Trust Act to comply with the requests of the EU and OECD.

Resident companies have to pay 30% Corporate Tax for worldwide income. Non-resident companies do not have to pay tax on income derived from overseas activities.

Application Process:
To set up an International Business Company (IBC) in St. Vincent, the applicant will need to submit the following documents:

For Each Director , Shareholder & Ultimate Beneficial Owner:
  • Notarized / Certified True Copy of Passport
  • Notarized / Certified True Copy of Bank Statement
  • Notarized / Certified True Copy of Proof of Address (must be issued within last 3 months)
  • Bank Reference Letter (must be issued within last 3 months)

If there are Corporate shareholders, the following documents must be provided:
  • Certificate of Incorporation
  • Memorandum of Association
  • Articles of Association
  • Articles of Incorporation
  • Register of Directors & Shareholding
  • Certificate of Good Standing
Once we receive the above mentioned documents, we will submit your application to the Registrar of Companies at Kingstown, St. Vincent. Both the Memorandum stipulating the business activities of your company, as well as the Article of Association, will be presented.
Once the application is approved, a Certificate of Incorporation will be issued by the Registrar of Companies to your offshore company, and with that, your offshore company will become a legal entity.
Expected Time Frame:

The registration process for such International Business Companies will take around two to three weeks. Compared to other jurisdictions, it is both simpler and more inexpensive to set up your company here in St. Vincent.

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