What are the benefits of registering a company in St. Vincent in 2019?

What are the benefits of registering a company in St. Vincent in 2019?

Saint Vincent and the Grenadines is a small jurisdiction. The State was named after its location. The capital is Kingstown, one of the offshore centers of the Caribbean. The main activity of the country is tourism.

Loyal taxation, fast registration and data protection are the main advantages that attract those wishing to open an offshore company or company. Offshore registration allows not to submit financial reports, not to pay taxes. You can find out more about registration from our IT-OFFSHORE specialists.

Benefits of registering a company

In the mid-1990s, the State adopted a package of laws that made it a tax-exempt jurisdiction. The development of the acts was carried out with the participation of British and American lawyers.

Advantages of business registration:

  • Possibility not to pay tax payments;
  • The price for the content of business is low;
  • In the name of the organization can be used values that are used in the registration of business in some other countries;
  • The state supports the development of the company;
  • The country is a member of the international maritime convention. 

Offshore companies in this country are registered primarily to invest and reduce the tax burden.

Registration process

The most popular form of offshore business is BC. In addition, offshore banks may operate in the jurisdiction. This requires a special license. There are different variants of permissions, which allow to serve exclusively non-residents or the established group of clients.
The bank, which operates in the country, must have at least one representative office in the jurisdiction. In St. Nevis successfully registered ships, trust companies, actual registration of insurance companies.

There are some peculiarities of registration. There are no requirements to the nationality of the founders, only one shareholder and director is required. The organization must have a registered office in the jurisdiction, you need to have a registered agent.

The name of the company should be unique. Information about directors and shareholders is confidential. When setting up a company, you must pay a fee once. Thereafter, an annual fee of $100 is charged.

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