Company formation in SVG

Many entrepreneurs today are thinking about opening an offshore organization. It avoids strict government regulation and helps to obtain certain tax benefits. Among all jurisdictions, we advise you to pay attention to Saint Vincent and the Grenadines. Favorable conditions for foreign business have been created here. St. Vincent Company Formation is the perfect solution to make your organization more successful.

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Briefly about Saint Vincent and the Grenadines

Saint Vincent and the Grenadines is a relatively small island in the Caribbean Sea. At the end of the last century, it passed a package of laws that made the country one of the perfect tax-free jurisdictions in the world. Leading lawyers developed them from the US and Great Britain. It made it possible to simplify the process of registering an offshore organization as much as possible and allowed the state to develop actively. Today, there is a stable economy here that helps businesses snowball.

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Financial Services Governance Legislation in SVG

The US and European Union countries are seeking to collect more taxes from their companies; in addition, they are seeking to create financial transparency to avoid financing terrorism. SVG upholds these traditions and enacts appropriate laws. In particular, SVG has implemented the OECD Global Forum Common Reporting Standard. To this end, the SVG has signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters and the Multilateral Agreement on Competent Authorities and adopted relevant legislation to implement these agreements.

If you wish, you can register here:

  • LLC;
  • IBC;
  • Offshore banks (but they must obtain an additional license);
  • Marine vessels;
  • Trust institutions;
  • Insurance companies.

LLC is today the most common type of company registered in this jurisdiction.

The FSA does not regulate a Forex license or a stock broker

International banks, stockbrokers, forex brokers, pension management, mutual funds, insurance companies, and other relevant financial activities must obtain the appropriate license from other relevant authorities.

It is also worth noting that if your company uses cryptocurrency, this will not be a reason for rejection.

All companies registering here from 2019 must file a tax return and pay taxes for 30% of profits. It is worth noting that only those incomes you received from activities in this jurisdiction, and not all over the world, are subject to taxation.
After receiving the IBC or LLC certificate, the company is exempt from paying taxes for 25 years. At the same time, the owner can change the organization’s work and its name.
The fee for registering a company here is only $ 225; the organization charges an additional $ 100 yearly. But, there is an exception; for insurance companies, the fee increases to $ 500.
If you have questions about taxation in this jurisdiction, we advise you to contact our specialists for help. This country’s legal framework is changing quickly, so you must carefully monitor all innovations.
When registering an organization in this jurisdiction, you do not need to provide financial or accounting records, but you must complete a tax return.

St Vincent company registration has a lot of advantages; among the most important of them are:

  • Your organization receives a tax-exempt status;
  • The annual maintenance cost is meager;
  • There is effective support for offshore companies from the state;
  • The company is straightforward to register;
  • This jurisdiction is a party to the International Maritime Convention.

It is a good solution for those who want their business to develop actively and generate a stable income to eliminate a complex tax system.

The company registration process in SVG and timeline

  • This state has tried to do everything, so the Registration Company in Saint Vincent and the Grenadines passes as easily and quickly as possible. So, it does not expose the citizenship requirements of the founder. It does not matter in which country your company is located and what citizenship you have. Your organization should employ at least 2 people – a director and a shareholder, which is incredibly convenient for small projects and start-ups.
  • Information about the company’s owner and shareholders is confidential, so third parties cannot access it. However, they can receive data on the company’s authorized capital and legal address.
  • After the organization’s registration, you receive the relevant certificate and exemption certificate from import duties. However, you will not be able to obtain a tax exemption certificate.
Advantage
Your organization must have a registered office in this island country, and you must also have a registered agent in this territory.
Advantage
The organization’s name can be written in any language and cannot be consonant or similar to existing ones.

Company Formation in SVG involves going through pretty simple steps:

  • You need to come up with a name;
  • Get a legal address;
  • Open a bank account;
  • Prepared the necessary documents;
  • Apply.

Company Registration in Saint Vincent and the Grenadines packages

Essential

€1500 Set-up fee
€850 / year Maintenance fee
Assistance with company formation and obtaining an activity registration
  • Dedicated consultant with the fully provided individual approach
  • Full turnkey company formation assistance
  • Company name of your choice
  • Registration of the Desired Company Activity
  • Corporate documents
  • Corporate account
  • Nominee Shareholder and Director

BASIC

€2500 Set-up fee
€850 / year Maintenance fee
Assistance with company registration and corporate account for operating activity
  • Dedicated consultant with the fully provided individual approach
  • Full turnkey company formation assistance
  • Company name of your choice
  • Registration of the Desired Company Activity
  • Corporate documents
  • Corporate account
  • Nominee Shareholder and Director

Extended Full

€4000 Set-up fee
€2000 / year Maintenance fee
AML Policy to enhance company reputation
  • Dedicated consultant with the fully provided individual approach
  • Full turnkey company formation assistance
  • Company name of your choice
  • Registration of the Desired Company Activity
  • Corporate documents
  • Corporate account
  • Nominee Shareholder and Director
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Offshore bank account

After registering a company with CIPO, you need to open a bank account. To do this, you need to contact any bank in this jurisdiction. You need to carry documents describing partnerships within the organization.
In general, getting a bank account takes only a few minutes. It is worth saying that you need to deposit the entire amount of the authorized capital immediately. The amount of this fee is determined only by the characteristics of your company, and the jurisdiction does not set any requirements in this regard.

Conclusion

If you want the Registration Company in SVG process to go as quickly as possible and without any problems, you should contact the specialists of our company for help.
Their duties include full consultation and answers to possible questions, checking the readiness of documents, and how your company meets the requirements of the state authorities of this jurisdiction. You can draw up a power of attorney, and our specialists will act on your behalf. In this case, your work on registering a company will be minimal.