Saint Vincent and the Grenadines is an independent state in the Caribbean islands. It attracts business people with favorable taxation for non-residents, loyal legislation, and some additional features related to international business activities.
The client needs to provide 3 variant names of the company. We will check the availability of these variants for registration and offer free options for the final choice. If all three names are filled, we will ask for additional ones. Three names provision isn't a mandatory requirement, but will speed up the verification process.
The client needs to prepare personal documents for company registration. Preparation can be carried out in parallel with the first stage. The exact list of documents depends on the characteristics of the future company. Usually, a copy of the passport and confirmation of the address of the company's participants, as well as reference letters, should be provided.
A package of documents is formed for submission to the Register based on the data provided by the client.
The collected package of documents is submitted to the Register. After that, the documents are processed by the registrar and the company is entered into the Register database.
After entering the company into the Register, you can see its registration data in it and if necessary order paper versions of the statutory documents with or without certification. The specialists of our company will help you with all the necessary certification (notarization, apostille) and translations into other languages, if necessary.
There is no territoriality requirement for opening bank accounts in this state, so companies can choose any bank. In St. Vincent and the Grenadines, all personal data of the company owners are protected at the state level: they are classified and secured at the legislative level.
Other advantages entrepreneurs starting a business in St. Vincent and the Grenadines get:
Companies opened in this state must meet certain conditions. For example, there must be at least one shareholder and director in the company structure. Also, a business must have its registered address in St. Vincent and the Grenadines.
If you are interested in St. Vincent offshore, you will need certain documents to register your company. The full list depends on the peculiarities of your business, so you should check it with our specialists. You should prepare at least the following:
If you decide to buy a St. Vincent offshore, additional documents may be required. For more information on this issue, please, contact our experts.
The state charges companies a $225 one-time registration fee. After that, the firms must pay a $100 annual fee. In some cases, the amount may vary. For example, insurance companies established in this country must pay a fee of $500 each year. Please note that the fees may change from time to time. Please, contact our specialists if you want to know the actual cost of St. Vincent company registration.
The standard corporate tax rate is 30%, and local companies must file a tax return. If a business company is registered in St. Vincent and the Grenadines but operates outside the country, it will not be taxed. The tax rate of 30% applies only to income earned directly in this country.
The Limited (Ltd.) legal form is popular today. It is often used for conducting business outside Saint Vincent and the Grenadines.
In some cases, licensing is required for running a business. As a rule, it is needed when a businessman decides to register an offshore bank in the territory of the State. In this case, a special license is required:
On average, licensing takes about three months, but the time may vary depending on certain conditions and various additional factors.
If you are interested in companies in St. Vincent and the Grenadines, please, contact our specialists. We will provide professional advice, explain the peculiarities of doing business and the nuances of taxation, and help with St. Vincent and the Grenadines company formation.
Frequently Asked Questions:
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