St. Vincent Offshore Companies – General Information

St. Vincent and the Grenadines is an independent English speaking nation, located in the Eastern Caribbean. IBC’s incorporated in St. Vincent are completely free of all taxes. There are no exchange controls. There are no tax information exchange treaties with any country.

There is no requirement for books or audited reports to be presented to any authority.

The original bearer shares are required by law to be kept at the Registered Office. Copies are provided to the owners.

To make this perfectly clear the “Confidential Relationships Preservation (International Finance) Act, 1996 specifically says “The Court hearing an application for directions under this section shall not allow the giving in evidence of confidential information in connection with the enforcement or prosecution, of the civil or criminal revenue or tax laws of another state, territory or other political jurisdiction”.

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.

Type of Law
Common.

Language of Legislation and Corporate Documents
English.

Type of Company for International Trade, Investment & 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
Allowed.

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
None.

Requirement to File Annual Return
None.

Audit Requirements
None.

Currency
East Caribbean Dollar (XCD).

Exchange Control
None.

Language of Name
English.

Required Words
Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.

Name of a Company
The words “Limited”, “Corporation”, “Incorporated”, “Societe Anonyme”, “Sociedad Anonima” or Ltd, Corp., Inc., S.A. must be part of the name of every company.

 

Time to Incorporate
Five days.