Offshore company registration in SAINT VINCENT
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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.
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) |
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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