St. Vincent
Capital: Kingstown.
Official languages: English.
Currency: East Caribbean dollar.
Company registration provides the following benefits:
- Zero taxation.
- For some types of company activities, reporting is optional.
- There is no requirement for a minimum amount of authorized capital.
- Bearer shares are allowed.
Saint Vincent is an independent state that is part of the Lesser Antilles group in the Caribbean Sea. The area of the state is 389 square kilometers.
In 1996, Saint Vincent and the Grenadines adopted a package of 6 legislative acts, thanks to which the country became one of the completely tax-free jurisdictions in the world. This greatly increased the interest of many entrepreneurs in this jurisdiction.
SVG is an ideal option for beginners, as it requires minimal financial costs. There is cheap registration, there are no taxes, inexpensive marketing, advertising companies, etc.
Features of taxation and reporting
Financial statements are not required if the company is not engaged in financial services or gambling.
- There is no corporate income tax, income tax, sales taxes, VAT for classic offshore business companies (BC).
- Companies are exempt from all types of import duties and taxes on the transfer of capital or property.
- The only obligation is to pay a fixed annual fee.
Company Registration
Registration period: about 4 working days.
The most common form for company registration is a limited liability company (LLC) and an international business company (Business Company, BC) - offshore companies that are not allowed to conduct business in the country of incorporation. Most often, registration of a company in the offshore SVG in 2024 is carried out in the form of an LLC.
To create a company, one director and one shareholder are needed; the minimum authorized capital is not established.
After determining the type of company, you must register it in accordance with the legislation of the CSA. This includes providing the required documents and paying registration fees.
To register a company remotely, you will need to provide the following information:
- Choosing a company name: three options are required.
- Notarized copies of ID for all participants.
- A document confirming the residence address of all participants (utility bills, bank statements indicating the address) with notarization.
- Bank statement no older than 3 months from the date of application.
- Filling out the Due Diligence form.
- A letter of recommendation for all participants.
A quick guide to registering a company in in Saint Vincent:
To quickly register an LLC in SVG, contact IT-OFFSHORE specialists. The cost of our services includes:
- Preparation of documents (collection, filling, notarization, etc.).
- Company registration.
- Payment of all government fees.
- Registration agent services for 1 year with the possibility of extension.
- Translation services.
- Delivery of registration documents to any address.
The bottom line
It is important to note that offshore company legislation in the CIS is subject to change and you should always seek up-to-date information and advice from specialists in this area. Establishing and operating an offshore company requires care and compliance with all relevant laws and regulations. Therefore, before starting the registration process, it is recommended to consult with IT-OFFSHORE legal specialists who specialize in offshore structures.
Our company offers comprehensive support for the company at all stages - from registration to full support of its activities. We not only help you legally register a company, but also take on many subsequent tasks.
In particular, our scope of services includes maintaining accounting and tax records, providing nominee directors and shareholders, leasing a legal address, obtaining all necessary licenses and permits for the company. We actually ensure the full operation of the business in accordance with the laws of a particular jurisdiction.
