St. Vincent and the Grenadines Corporation

About St Vincent and the Grenadines

Is a small nation consisting of 32 islands in the Caribbean Sea. The volcanic island of St Vincent is the largest island in this country boasting mountainous terrains, rocky cliffs, lush rainforests, and picturesque beaches.

St Vincent and the Grenadines offer an open economy attracting foreign investment. Their offshore services are growing in popularity with their sound asset protection laws as well as offering one of the strictest secrecy and confidentiality laws in the world.

Prime Minister:
Ralph Gonsalves

Government:
Parliamentary democracy and constitutional monarchy

Economy:
Services, agriculture, and tourism

Currency:
Eastern Caribbean Dollar

Capital City:
Kingstown

Population:
Over 110,000

Language:
English, Creole

Members of:
United Nations, Commonwealth, CARICOM – Caribbean Community


Benefits

Setting up an offshore corporation is simply setting up a corporation in a different jurisdiction other than the home country or the country of the company’s main operations. Offshore jurisdictions typically offer better corporate and financial laws as opposed to onshore jurisdictions. The offshore industry is addressing and offering viable solutions to address the ever-changing needs of global business and banking, creating offshore entities with an array of benefits.


Characteristics


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Process

1. While many offshore jurisdictions offer similar advantages and benefits, there is no one-jurisdiction-fits-all. Our advisors will discuss your needs and goals and ask you the right questions to help determine which jurisdictions are right for you.

2. Defining the objectives of the corporation will help establish which legal structure is right for you. Our advisors will assist in setting up the corporation along with any related services.

3. Choosing a local resident agent is key in establishing a well-defined foundation that adheres to local laws and offers the corporation the most protection and privacy. As this is an ongoing relationship, it is advisable to set up an offshore foundation with a reputable and trusted firm.

4.Each jurisdiction will have its own setup process and set of due diligence processes. St Vincent and the Grenadines require clients to fulfill KYC (Know Your Client) by proving their identity with proof of address, as well as completing a simple form to provide the necessary information to set the corporation up.

5. Once the required documentation is received, the provider can then file the corporation deed, creating a legal entity in the registry.

6. After the corporation is set up, clients can request any additional services such as business licenses, permits, banking, etc.

7. Annual fees including resident agent and tax/maintenance fee must be paid in order to keep the corporation in good standing with the tax offices in St Vincent and the Grenadines. Financial statements are required to be maintained, though filing of the statements is not required. Annual meetings must be held, anywhere in the world.

While many offshore jurisdictions offer similar advantages and benefits, there is no one-jurisdiction-fits-all. Our advisors will discuss your needs and goals and ask you the right questions to help determine which jurisdictions are right for you.

Defining the objectives of the corporation will help establish which legal structure is right for you. Our advisors will assist in setting up the corporation along with any related services.

Choosing a local resident agent is key in establishing a well-defined foundation that adheres to local laws and offers the corporation the most protection and privacy. As this is an ongoing relationship, it is advisable to set up an offshore foundation with a reputable and trusted firm.

Each jurisdiction will have its own setup process and set of due diligence processes. St Vincent and the Grenadines require clients to fulfill KYC (Know Your Client) by proving their identity with proof of address, as well as completing a simple form to provide the necessary information to set the corporation up.

Once the required documentation is received, the provider can then file the corporation deed, creating a legal entity in the registry.

After the corporation is set up, clients can request any additional services such as business licenses, permits, banking, etc.

Annual fees including resident agent and tax/maintenance fee must be paid in order to keep the corporation in good standing with the tax offices in St Vincent and the Grenadines. Financial statements are required to be maintained, though filing of the statements is not required. Annual meetings must be held, anywhere in the world.


Our Services

Corporation
Formation

We assist with advising possible jurisdictions to suit your business needs and goals along with the incorporation process.

Continued
Support

We assist with corporation maintenance as well as providing on-going support.

Related
Services

We assist with related services such as offshore trust, foundations, and offshore banking.


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If the right to live and work on an idyllic island is not enough – Read More

Island Living – Real Estate Investment vs Private Property Investment

Category: Investments | News

Citizenship by Investment in the Caribbean has traditionally been aimed at high-net worth individuals who Read More

Grenada Citizenship-by-Investment – what happened to the Kawana Bay Resort and what it means for CBI Investors.

Category: Citizenship | News

Instituted in 2017, Grenada’s CBI program is one of the more expensive citizenship-by-investment programs in Read More

CARICOM & Citizenship-by-Investment in the Caribbean

Category: Citizenship | News

If the right to live and work on an idyllic island is not enough – Read More

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