Company Formation in Saint Vincent and Grenadines
Top 5 Advantages of company registration in Saint Vincent and Grenadines
- Complete tax exemption (0%)
- Allow bearer shares
- No minimum share capital requirement
- Secrecy of directors and shareholders
- A stable and wealthy environment
Roadmap
How long does it take to register a Company in Saint Vincent and Grenadines?
- 2-4 working days
- Can be incorporated remotely in less than 1 week
What are the steps to register a company in Saint Vincent and Grenadines?
The registration process of a company in Company Formation in Saint Vincent and Grenadines is very simple. The experts of LegalBison will assist you throughout every step of it:
- Initial consultation and agreement
- Payment of the full invoice
- [IF REMOTELY]: Notarization of POA by client
- Preparation of registration documents
- Document signed at the notary
- Official register validity: immediately
Taxes
How high are the corporate income tax in Saint Vincent and Grenadines?
An IBC is exempt from paying taxes in SVG (but has the option of paying 1% tax).
What Double-tax treaties has Saint Vincent and Grenadines?
Many countries have bilateral conventions to avoid double taxation and prevent fiscal evasion
Antigua & Barbuda, Barbados, Belize, Dominica, Grenada, Jamaica, St. Kitts & Nevis, Guyana, St. Lucia, Trinidad and Tobago
Status: end of 2020
List of jurisdictions with which St. Vincent and the Grenadines has established Tax Information Exchange Agreements (TIEAs):
Decide first
- Do you want to start a new company or acquire an existing one?
- How many shareholders will be part of the capital and to which extent?
- Do you want to register the director and shareholder?
Documents to provide for company registration in SVG
- Passport copies (a scan) of all individuals above, also beneficiary owner if applicable
- A Power of Attorney (in case of a remote company registration)
- Certified company documents (in case at least one of the shareholders is going to be a foreign company)
Information needed to get company registration in Saint Vincent and Grenadines
- 3 options of your desired name for the company and a company contact email address
- Names, addresses and emails of all shareholders and board members
- Short description of your companies’ activity
Remote incorporation
- The whole incorporation process can be conducted remotely. No travel necessary. Notarization of documents is necessary
- A Power of Attorney (POA) from (all) partners/shareholders is needed
- The POA is sent to you by us based on the services you want
- You have to certify the POA by a notary and in some cases legalize it by apostille (some countries need full legalization)
- Once you have the POA on your hands, we double-check, and you send us the original form (physical document!) via courier to our address
- Saint-Vincent-and-Grenadines is part of the Hague Convention of the Apostille
Accounting and auditing
- An SVG IBC shall maintain its accounts and records, though they do not have to file any return
- Accounts and records should reflect the true financial position of the company
- No person, other than a member of the company may question the relevance or quality of the accounts or records maintained by an international business company: no filing and no audit
Residential requirements
What are the residential requirements in Saint Vincent and Grenadines?
- Shareholders, directors and officers may reside anywhere in the world and their meetings may be held wherever they decide
- There is no residency or nationality requirement for shareholders, directors and/or officers of a SVG IBC
LegalBison offers help with all of the above requirements. We assist and are local on ground. Speak now for free with one of our consultants to get your business started.