Glenmuir Trust Group

Benefits of a St Vincent & Grenadines International Company Formation

​​

• Perfect jurisdiction for FX and Crypto business registration

• Fast and easy company incorporation process

• 0% corporate tax rate for profits outside SVG

• Directors and Shareholders can be from any jurisdiction

• Annual meetings can be held anywhere in the world                                                                                                                                  

 

                                                                                                                                                                                                                                           from £995.00 

​

Why Set Up a St Vincent & Grenadines Company?​

​

St. Vincent and the Grenadines company formation is a very attractive option for a classic assets holding offshore company, international trading company or yacht ownership. In particular, it is highly appealing for forex and brokerage services as the jurisdiction does not regulate these types of activities.

​

St. Vincent offshore company formation is attractive due to the competitive fees that can minimise the administrative costs of maintaining the company.

​​​​

Growing Financial Centre

​

St. Vincent remains a relatively small financial centre compared to other more popular Caribbean offshore centres. On the other hand, St. Vincent has all the necessary asset protection provisions in its legislation. Thus, this jurisdiction is perfect for those who need cost-effective solutions by avoiding the other more popular offshore jurisdictions.

​

The St. Vincent company register is efficient and fast as it operates online. Although the information is stored as a public record, information about beneficial owners is not available to the public.

​

Taxation of St Vincent & Grenadine Company

​

In 2018, there were major changes in company and business taxation legislation. The taxation of an offshore company was changed from a preferential tax regime to territorial taxation. Consequently, Business Companies (BCs) and Limited Liability Companies (LLCs) in St. Vincent and the Grenadines enjoy zero taxation on profits, capital gains and passive income derived outside the islands’ territory.

 

Territorial Tax System

​

It should be noted that the law exempts St. Vincent offshore companies from taxation in different ways. Territorial taxation is applicable to the Business Company, while the Limited Liability Company is exempt from all taxes by statute. Territorial taxation means that BCs are subject to corporate tax on income derived within the island’s territory (if any).

 

There is a common misconception in public sources that BCs are subject to income taxes on worldwide income. It should be noted that under the Income Tax (Amendment) Act, 2020, BC profits are only taxable if they are derived in the territory of St. Vincent and the Grenadines.

 

No VAT applies to a St. Vincent offshore company.

​

Corporate Legislation in St Vincent & Grenadines

 

The legal system in St. Vincent is based on common law.

​

The court of final appeal for St. Vincent is the Caribbean Court of Justice.

​

Financial services on the islands are regulated by a separate set of laws. The Business Companies Act of St. Vincent and the Grenadines is a primary statute that regulates all matters regarding BCs. The legislation also includes the Limited Liabilities Companies Act and the International Trust Act. The non-banking financial services industry in St. Vincent is supervised by the FSA.

​

St. Vincent and the Grenadines company registration is one of the best options for incorporating companies engaged in brokerage and forex activities. It is not required to obtain a financial licence on the island for these activities. However, such a licence must be obtained in the jurisdiction where the company would operate.

​

In order to implement the new territorial taxation regime, St. Vincent offshore companies changed their name from International Business Companies (IBCs) to simply Business Companies (BCs).

​

Trust legislation in St. Vincent contains asset provisions similar to those in Nevis. The trusts holding the shares of St. Vincent BCs are regulated by the same provisions as the BVI VISTA trusts. This effectively relieves the trustee of the duty to oversee the management of the underlying St. Vincent company.

​

The Company Registration in St Vincent & Grenadines Package Includes the Following Company Documents:

​

• Certificate of Incorporation issued by the St. Vincent Registrar of Companies

• Articles of Incorporation stamped by the St. Vincent Registrar of Companies

• By-Laws stamped by the St. Vincent Registrar of Companies

• Resolution of appointment of First Directors

• Register of directors

• Register of shareholders

• Register of beneficial owners

• Minutes of first meeting of directors

• Share Certificate for each shareholder

​

​** Payment Plan Also Available For New Incorporations