Offshore company registration in SAINT VINCENT

international business company saint vincent and the grenadines

INTERNATIONAL BUSINESS COMPANY – SAINT VINCENT AND THE GRENADINES

Key features of the International Business Company are as follows:

1.) No residency or nationality requirement for shareholders, officers and/or directors of SVG IBCs. 2.Companies may be formed with as few as one shareholder who may be a natural person or a juridical entity.
2.) Companies may be formed with as few as one director, who may be a natural person or a juridical entity.
3.) No requirement for a company secretary.
4.) IBC’s may own land in the jurisdiction, although foreigners may require an alien landholding licence.
5.) Exemption from taxation; under present regulations there are no personal income taxes, estate taxes, corporate income taxes or withholding taxes for SVG IBCs.
6.) Ability for IBCs to benefit from the Caricom Tax Treaty in return for payment of tax at 1% on annual profits.
7.) No requirement for the filing of annual reports or accounts with any government authority in SVG, except for IBCs benefiting from Caricom tax treaties.
8.) Authorized share capital may be denominated in any recognised currency.
9.) No minimum capital requirement.
10.) Shares may be issued fully paid, partially paid, or nil paid.
11.) Company seal not mandatory.
12.) Identity of beneficial owners, shareholders and directors not required to be filed in any public record unless the directors elect to do so.
13.) Register of charges must be kept, but there is no requirement for this to be filed on public record.
14.) Provision for continuation of companies to and from anywhere around the globe, and for local companies incorporated to migrate to the IBC register.
15.) Shelf companies available.
ibc saint vincent and the grenadines exemption from taxation

 General
 Type of entity IBC Details
 Company name Details
 Shelf Company Availability Yes
 Minimum Government fee (excluding taxation) from the 2nd year US$100
 Disclosure of beneficial owner No Details
 Corporate Taxation No Details
 Share Capital or Equivalent
 Usual Authorized Capital Optional
 Minimum paid up Nil
 Directors
 Minimum number One
 Local required No Details
 Corporate Directors permitted Yes
 Publicly accessible records No Details
 Shareholders
 Minimum number One
 Company Secretary
 Required No
 Local or qualified No
 Accounts and Annual Return
 Requirement to prepare No (except for IBC’s benefiting from Caricom Tax Treaty)
 Submit accounts No (except for IBC’s benefiting from Caricom Tax Treaty)
 Requirement to file Annual Return No (except for IBC’s benefiting from Caricom Tax Treaty)

start with IBC company opening procedure
Name of the company
A name that is similar to or identical to an existing company. A name that implies illegal activities. A name that implies royal or government patronage.

Names can be expressed in any language using the Latin alphabet, if the Registrar of Companies is in receipt of an English translation and the name is not considered undesirable. Chinese names possible.

Names Requiring Consent or a Licence: Bank, building society, savings, loans, insurance, assurance, reinsurance, fund management, investment fund, trust, trustees, Chamber of Commerce, university, municipal or their foreign language equivalents.

In order to start with IBC company opening procedure please send us the following documents:
1.) Sugested name of the company
2.) Passport copy for each director and shareholder
3.) Utility bill for each director and shareholder.
4.) Signed agreement by each director

Saint Vincent and the Grenadines IBC
A Saint Vincent and the Grenadines IBC is not liable to any taxation. This is the case even when the company is controlled and managed with physical presence within Saint Vincent and the Grenadines. There is also no audit or accounting requirements.
The Saint Vincent and the Grenadines International Business Company (IBC) has become the vehicle of choice for individuals who desire to take advantage of the benefits offered by the jurisdiction. The International Business Companies Act 1996 is considered by legal experts to be a unique and innovative legislation which contains provisions not found in similar legislation in other offshore jurisdictions.

Saint Vincent and the Grenadines IBC Company Name
A name that is similar to or identical to an existing company. A name that implies illegal activities. A name that implies royal or government patronage.
Names can be expressed in any language using the Latin alphabet, if the Registrar of Companies is in receipt of an English translation and the name is not considered undesirable. Chinese names possible.
Names Requiring Consent or a Licence: Bank, building society, savings, loans, insurance, assurance, reinsurance, fund management, investment fund, trust, trustees, Chamber of Commerce, university, municipal or their foreign language equivalents.

Saint Vincent and the Grenadines IBC Disclosure of Beneficial Owner
Identity of beneficial owners, shareholders and directors not required to be filed in any public record unless the directors elect to do so. Nominee Service is available.

IBC Corporate Taxation
Exemption from taxation; under present regulations there are no personal income taxes, estate taxes, corporate income taxes or withholding taxes for SVG IBCs.

IBC Corporate Taxation
Local representative is not required. Companies may be formed with as few as one director, who may be a natural person or a juridical entity.

IBC Publicly Accessible Records
Identity of beneficial owners, shareholders and directors not required to be filed in any public record unless the directors elect to do so. Nominee Service is available.

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