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St Vincent & The Grenadines Company Registration - Offshore Business Setup

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Saint Vincent Offshore Company Formation

Good to Know
SVG LLC’s are not liable to any form of taxation in St. Vincent and the Grenadines.

Saint Vincent and the Grenadines has no double taxation treaty with any other country, there is no requirement in St. Vincent for the filing of by-laws or for disclosure of managers, members, and attorneys-in-fact with the Finance Authority or any other entity.

Main Characteristics of a St Vincent Offshore Company

Governing corporate legislation
Limited Liability Companies Act Chapter 151 and Act No. 36 of 2008.
Information published relating to company officers
No member or manager details to be filed on any publicly accessible register.
Accounting requirement
No, however Part V of the Financial laws miscellaneous amendments Act 2014 requires the company to keep such records and documents (receipts, invoices etc.) as to record and explain the transactions of the LLC and enabling the LLC’s financial position to be determined with reasonable accuracy.
Taxation
A St-Vincent LLC is exempt from any form of taxation and withholding taxes in St-Vincent.
While the company may not be liable to pay taxes, please consult with a tax/legal advisor in your country of residence, to determine your own tax liability.
Legislation
SVG Limited Liability Companies legislation.
Standard currency
US$
Time to form
St Vincent has a fast and efficient registry: it takes about 24-36 hours to register a company (upon validation of your identification documents).
Stability
Stable jurisdiction with a very good reputation.
Communication
Efficient communication means.
Time zone
Convenient world time zone: UTC/GMT-4
Secretary required
No
Paid up capital requirement
No paid up capital requirement. The standard share capital is USD 10,000 but can be amended to fit your requirements.
Renewal Date
January 1st / each year
Basis of legal System
Under English Common Law.
Minimum directors/shareholders
Minimum of 1 manager/member
Bearer shares
Bearer shares not permitted
Documents Required
for the Creation of St Vincent Offshore Company
A certified copy Certification of a passport can be made by a notary, an attorney-at-law, a bank, a public officer, or in accordance with SFM indications. Kindly consult your dedicated account manager at SFM to obtain precise information. of your passport, a certified copy of a second ID document (such as birth certificate / driver license / Identity Document), a certified copy of proof of domicile dated less than three months, a certified copy of a bank reference letter dated less than three months, a curriculum vitae, as well as last 3 months' bank statement. All in original.**






Frequently Asked Questions
Offshore Company Formation in Saint Vincent

  • What type of company do you register in Saint Vincent & the Grenadines?

    The type of company that we form in St. Vincent & the Grenadines is known as a Limited Liability Company (LLC), commonly known as offshore companies, and is regulated under Limited Liability Companies Act Chapter 151 and Act No. 36 of 2008. An LLC is a company that is registered in St. Vincent & the Grenadines and conducts its business activity purely outside the island.
  • Is a Saint Vincent Offshore Company (LLC) tax liable?

    No, LLC companies formed in St. Vincent are exempt from any form of taxation in St. Vincent as long as the LLC does not conduct its business in St. Vincent.

    While the company may not be liable to pay taxes, please consult with a tax/legal advisor in your country of residence, to determine your own tax liability.
  • Will my name be public once I setup a company in Saint Vincent & the Grenadines?

    No, there is no public register of company officers in St. Vincent.
  • How many directors and shareholders should I appoint to my St. Vincent LLC?

    A minimum of 1 manager and 1 member should be appointed to setup a St. Vincent Limited Liability Company (LLC).
  •  
  • Do I need to submit accounting records for my LLC company in St. Vincent?

    No accounting/reporting requirements.

    However, the company must keep all financial records, which should reflect the financial position of a company and to allow for the preparation of financial statements.
  • Will my liability be limited if I register my company as a Limited Liability company (LLC) in Saint Vincent & the Grenadines?

    The shareholders’ liability in a St. Vincent LLC is typically limited to the amount of shares respectively held by them.
  • Do I need to deposit the paid up capital for a St. Vincent LLC?

    No, there is no paid up capital requirement. The standard share capital is USD 10,000 but can be amended to fit your requirements.
  • Are bearer shares allowed in Saint. Vincent & the Grenadines?

    No, bearer shares are not allowed in St. Vincent and tend to disappear from most jurisdictions.


St Vincent Offshore Jurisdiction News


* Subject to the constraints of the due diligence procedure.
** Documents must be provided for every person related to the company.
Disclaimer: Nothing on this webpage shall be construed as a contractual commitment or as a warranty. Services conditions are governed by the applicable terms and conditions.

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