The island state of Saint Vincent and the Grenadines is independent and sovereign entity in the Windward Islands archipelago. The country is situated between the Caribbean Sea and the Atlantic Ocean. In total, there are 32 islands in the state structure. The eastern neighbor of Saint Vincent and the Grenadines is Barbados, the northern one – Saint Lucia, the southern – Trinidad and Tobago, as well as Grenada and Venezuela.

The capital of the country is Kingstown. Saint Vincent and the Grenadines is English-speaking state.

In 1996, Saint Vincent and the Grenadines adopted the package of 6 legislative acts, making the country one of the most perfect tax-exempt jurisdictions in the world. The laws were elaborated with the direct participation of leading British and American lawyers. Thus, registration of offshore company in Saint Vincent and the Grenadines is top priority for many entrepreneurs to date.

WHY REGISTER A COMPANY IN SAINT VINCENT AND THE GRENADINES

BENEFITS:

• steady political and business framework;
• ease of business start and running;
• nominal services are provided;
• high level of privacy;
• sufficient asset protection;
• fruitful taxation framework (0% profit tax for offshore forms);
• no currency control limitations.

HOW TO REGISTER A COMPANY IN SAINT VINCENT AND THE GRENADINES

1. Forming a precise list of business activities that you intend to carry out through a supposed international business.
2. Elaborating on and checking the availability of a business name for a suggested business form. Reserving it.
3. Requesting and formalizing all the must-have details about the company’s founders, including its mother company (if present), final beneficiaries, and managers. Even if these particulars are not disclosed to the general public, it still has to be collected and kept up-to-date.
4. Finding an official legal address for a supposed business form.
5. Composing and executing all the must-have statutory and registration documents, among others, Memorandum and Articles of Association, minutes, and resolutions (on the assignment of directors, shares allocation, etc.).
6. Filling out all registration applications and paying envisaged fees. Forming a registration package and submitting it for consideration. Entering the information about a new enterprise in the Register of Companies in the case of positive feedback.
7. Opening corporate bank accounts.

TYPES OF BUSINESSES

• Limited liability company
• Branch