SAINT VINCENT COMPANY FORMATION
St. Vincent Company Formation. St. Vincent Offshore Company.
KGN Services specializes in Saint Vincent Company Formation and opening bank accounts.
Saint Vincent and the Grenadines – General Information
Location: Caribbean, islands between the Caribbean Sea and North Atlantic Ocean, north of Trinidad and Tobago.
Area: total: 389 sq km (Saint Vincent 344 sq km), land: 389 sq km, water: 0 sq km. …
Read MoreNatural resources: Hydropower, arable land.
Population: 102,089 (July 2017 est.).
Capital: Kingstown.
Time Zone: UTC−4.
Languages: English, French patois.
Government type: Parliamentary democracy (House of Assembly) under a constitutional monarchy; a Commonwealth realm.
Legal system: English common law.
International organization participation: ACP, AOSIS, C, Caricom, CDB, CELAC, FAO, G-77, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, ISO (subscriber), ITU, MIGA, NAM, OAS, OECS, OPANAL, OPCW, Petrocaribe, UN, UNCTAD, UNESCO, UNIDO, UPU, WFTU (NGOs), WHO, WIPO, WTO.
Economy: Success of the economy hinges upon seasonal variations in agriculture, tourism, and construction activity, as well as remittances. Much of the workforce is employed in banana production and tourism. Saint Vincent and the Grenadines is home to a small offshore banking sector and continues to fully adopt international regulatory standards
This lower-middle-income country remains vulnerable to natural and external shocks. The economy has shown some signs of recovery due to increased tourist arrivals, falling oil prices and renewed growth in the construction sector. The much anticipated international airport opened in early 2017 with hopes for increased airlift and tourism activity.
Currency: East Caribbean dollar (XCD).
Key Benefits of St Vincent Company Formation
- Exemption from all local taxes and stamp duty
- No exchange controls
- Maximum confidentiality and anonymity
- Ease of operation, maintenance and control
- Asset security
- Crypto Business is not prohibited
- No disclosure or minimum capital requirements
- A minimum of one shareholder is required for a St Vincent company formation
- A minimum of one director is required for a St Vincent company formation
- Corporate directors and shareholders are permitted
- Excellent and flexible post-incorporation follow-up services
- No statutory requirement to hold annual general meetings
- Highly competitive fees and costs
St. Vincent Offshore Company – Overview
Principal Corporate LegislationThe Company Act, No 8 of 1994, The International Business Companies (Amendment and Consolidation) Act 2007, The International Business Companies Act 1996 as amended.
Type of LawCommon.
Language of Legislation and Corporate DocumentsEnglish.
Type of Entity for International Trade, Investment & Tax PlanningSt Vincent IBC – International Business Company
St Vincent Company Formation – Key Facts
Share CapitalStandard authorised share capital is US$10,000. Minimum paid up share capital is US$1.
Classes of Share AvailableRegistered shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights
Bearer SharesNor permitted.
Restrictions on TradingSt Vincent offshore company cannot trade within Saint Vincent and the Grenadines. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Agent RequiredEach St Vincent IBC must have a Licenced Registered Agent in Saint Vincent and the Grenadines.
Registered Office RequiredEach St Vincent IBC must have a Registered Office in Saint Vincent and the Grenadines, provided by a Licenced Registered Agent.
DirectorsA minimum of one director is required for a St Vincent company formation. Director can be of any nationality and need not be resident. Corporate directors are permitted.
ShareholdersA minimum of one shareholder is required for a St Vincent company formation.
Publicly Accessible RecordsNo.
Nominee Shareholders and Nominee DirectorsAllowed.
Location of Meetings of Directors and ShareholdersAnywhere.
Personal Presence RequiredNo.
TaxationNil.
Double Taxation Treaty AccessNone.
Requirements to File AccountsNone.
Requirement to File Annual ReturnNone.
Audit RequirementsNone.
Exchange ControlNone.
Language of NameEnglish.
Restricted WordsWords such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.
Name of a CompanyThe words “Limited”, “Corporation”, “Incorporated”, “Societe Anonyme”, “Sociedad Anonima” or Ltd, Corp., Inc., S.A. must be part of the name of every St Vincent company.
Time to Incorporate3-5 days.
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Saint Vincent Company Formation Prices
Saint Vincent Company Formation Package Includes:
- Company Name Check
- Initial Business Approval
- Preparation of Application Documents
- Company Registration Fee
- Registered Office Address for 1 year
- Registered Agent Services for 1 year
- Government filing fee
- Certificate of Incorporation
- Memorandum & Articles of Association
- Minutes of first meeting appointing the director(s)
- Share Certificate(s)
- Register of shareholders
- Register of directors
Starting at: $1350
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Why Choose KGN Services?
Incorporating your business is our focus
We make a complex process fast and easy
We work closely with Companies Registries to guarantee our service
Fastest offshore companies & accounts – Most competitive pricing worldwide
Services related St Vincent Company Formation
KGN Services provides the following services related St Vincent company formation:
- St. Vincent Company Formation
- Registered Office and Agent Services
- Company Secretarial Services
- Nominee Shareholder/Nominee Director
- Opening of Bank Accounts in St Vincent
- Full Company Administration Services
- Trademark Registration
- Mailing Address in St Vincent
KGN Services | St Vincent Company Formation
Tags: St. Vincent Offshore
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Requirement to File Annual Return
