International Business Company (Company limited by shares)
Saint Vincent and The Grenadines is an independent and politically stable jurisdiction, characterized by a solid offshore financial regulation and strong confidentiality laws.
International business companies in Saint Vincent and The Grenadines benefit from an exemption of all form of taxes on income and assets for 25 years from the date of registration. This applies even when the company is controlled and managed with physical presence within Saint Vincent and the Grenadines.
Alternatively, IBCs may elect to pay 1% tax to benefit from CARICOM tax treaties.
There are a few restrictions imposed to IBCs. They cannot conduct financial services activities and cannot offer their shares to the public. They can own land in the jurisdiction, although foreigners may require an alien landholding license.
IBCs in St. Vincent have one of the simplest and straightforward registration procedure and one of the lowest incorporation and maintained costs worldwide.
Requirements for an IBC are minimal. No minimum paid-up capital required, the company may be incorporated with a sole shareholder and a sole director and annual general meetings are not mandatory. Appointment of secretary is optional. It can be administered from St. Vincent or from any part of the world, and its books, records, seal may be kept outside the territory.
IBCs are allowed to issue registered shares, bearer shares, with or without par value, with voting or non- voting rights. Bearer shares’ custody and records must be kept by the company’s Registered Agent.
Confidentiality of persons doing business in Saint Vincent is ensured by the Preservation of Confidential Relationships International Finance Act 1996. Furthermore, shareholders and directors’ details of an IBC are not filed in any public registry.
IBCs are not required to file annual returns nor financial statements. A tax return is only mandatory when the IBC elects to be taxed at 1% to benefit from CARICOM tax treaties.
In addition, St. Vincent and the Grenadines has a relatively small but solid and properly regulated private banking sector.
Saint Vincent and The Grenadines is a compliant jurisdiction and has agreed to implement the OECD’s automatic exchange of information for tax purposes (AEoI) by 2018.
Saint Vincent and The Grenadines IBCs are commonly used for asset protection, Forex brokers, international trade and investment, IP holding, banking and e-commerce, as well as for yacht and vessel registration.
Country code – VC
Legal Basis – Common law
Legal framework – International Business Companies (Amendment and Consolidation) Act 2007
Company form – International Business Company (IBC) (Company limited by shares)
Liability - The liability of the shareholders for the company is limited to the amount of their respective shareholdings.
Business restrictions – An International Business Company may not trade within Saint Vincent and the Grenadines and may not be allowed to provide banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship services.
IBCs may own land in the jurisdiction, although foreigners may require an alien landholding license.
Share capital – There is no minimum capital requirement and it may be denominated in any currency. Shares may be issued fully paid, partially paid, or nil paid. Shares may be registered shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights. Bearer shares are not permitted.
Shareholders – International Business Companies may be formed by one or more shareholders, who can be either natural or legal persons, residents or non-residents, without limitations. Details of shareholders are not available to the public.
Directors – An International Business Company must appoint at least 1 director, who may be a natural or legal person, resident or non-resident, without restrictions. Directors’ details are not disclosed in a public record.
Secretary – The company may appoint a secretary, but it is not mandatory.
Registered Address – A company shall appoint a licensed registered agent and shall have a registered address and office in Saint Vincent and The Grenadines.
General Meeting – An international business company need not hold AGM, and it can be held anywhere and by electronic means.
Electronic Signature – Permitted.
Re-domiciliation – Inward and outward re-domiciliation is allowed.
Compliance – Companies may maintain accounting records. There is no requirement that these be filed with the Registrar.
There is no requirement to file an annual return nor a tax return.
International business companies are subject to an annual government fee (US$125).
- Shareholders not disclosed
- Directors not disclosed
- Corporate shareholders permitted
- Corporate directors permitted
- Local director required
- Secretary required
- Local secretary required
- Annual general meetings required
- Redomiciliation permitted
- Electronic signature
- Annual return
- Audited accounts
- Audited accounts exemption
- Exchange controls
- Common law Legal basis
- 1 Minimum shareholders
- 1 Minimum directors
- USD 1 Minimum issued capital
- - Minimum paid up capital
- USDAny Capital currency
- Anywhere Location of annual general meeting
- 2018 AEOI
Corporate income tax – Companied incorporated under the International Business Act are not subject to corporate income tax. All trading income, investment income, capital gains, compensations, rents and royalties derived from outside of Saint Vincent and The Grenadines are exempted from taxation.
No withholding tax is levied on dividend, interest and royalty payments to non-residents.
Alternatively, IBCs may elect to pay income tax at a 1% rate on all profits to benefit from CARICOM tax treaties.
Other taxes – Saint Vincent & The Grenadines levies personal income tax on tax resident individuals at progressive rates up to 32.5% on income accrued or remitted to the country exceeding XCD 10,000. Tax residents are individuals physically present in the country for at least 183 days in a year.
Real property tax is levied at a 5% rate on the market value of the property. There is a transfer tax on the sale of immovable property at 5% for both the buyer and the seller. There are no inheritance and wealth taxes.
- Offshore Income Tax Exemption
- Offshore capital gains tax exemption
- Offshore dividends tax exemption
- CFC Rules
- Thin Capitalisation Rules
- Patent Box
- Tax Incentives & Credits
- Property Tax
- Wealth tax
- Estate inheritance tax
- Transfer tax
- Capital duties
- 0% Offshore Income Tax Rate
- 32% Corporate Tax Rate
- 0% Capital Gains Tax Rate
- 0% Dividends Received
- 0% Dividends Withholding Tax Rate
- 0% Interests Withholding Tax Rate
- 0% Royalties Withholding Tax Rate
- 0 Losses carryback (years)
- 0 Losses carryforward (years)
- 0% Personal Income Tax Rate
- 15% VAT Rate
- 31 Tax Treaties
Saint Vincent and the Grenadines is an island country in the Americas, member of the Commonwealth and CARICOM, located to the north of Venezuela and the island of Granada, in the chain of the Lesser Antilles of the Caribbean Sea. Its territory of 389 sq. km comprises the main island of St Vincent and two-thirds of the north of the Grenadines archipelago. The country is inhabited by 103,000 people.
Its capital and more populated city is Kingstown, located in the island of St Vincent island. Its official language is English, although part of its population also speaks the St Vincent Creole, an English-based Creole with elements of French.
Its official currency is the Eastern Caribbean Dollar (XCD), which is pegged to the US Dollar (USD) at a 2.7:1 ratio. The US$ is also widely accepted.
Saint Vincent and the Grenadines is a parliamentary democracy within the British Commonwealth of Nations. The British monarch is head of state and is represented on the island by a Governor General, a position with ceremonial functions. Government control rests with the Prime Minister and Cabinet.
Saint Vincent and the Grenadines is a full member and participant of the Caribbean Community (CARICOM), the Organization of Eastern Caribbean States (OECS), the Bolivarian Alliance for the Americas (ALBA). Community of Latin American and Caribbean States (CELAC), Organization of American States (OAS)
St. Vincent’s main economic activities are the export of agriculture products -bananas, root crops, arrowroot and exotic fruits-, in addition to construction, tourism -Grenadines is a top destination of the up-market yachting crowd-, offshore financial services and the issue of postage stamps.
Tax treaties Map
Saint Vincent & The Grenadines International Business Company (IBC) – US$1,600.00 (All included)
Saint Vincent Limited Liability Company (LLC) – US$1,600.00 (All included)
We pride ourselves in providing the best possible professional service which includes our honest hassle free “No Hidden Fee” policy. Your incorporation package includes:
- Government incorporation and filling fee
- Bound set of Constitutional Documents
- Certified Copies of Constitutional Documents for bank account opening
- Certificate of exemption from taxes
- Certificate of exemption from import duties
- Corporate Seal
- Courier fees
Time to form: 1 to 2 weeks.
All our incorporation services include a yearly consulting session, a dedicated account manager and access to our global network of trusted business services, including introductions to accountants, financial, tax and legal advisors at no cost.
Bank Account Options
- Offshore Bank Account* (Remotely) – US$300.00
- Mauritius Bank Account (Remotely) – US$500.00
- Bahamas Bank Account (Remotely) – US$500.00
- Curaçao Bank Account (Remotely) – US$500.00
- Hong Kong Bank Account (In-person) – US$1,200.00
- Singapore Bank Account (In-person) – US$900.00
- Cayman Islands Bank Account (Remotely) – US$900.00
- Crypto-Friendly Bank Account (Remotely) – US$3,000
We include introductions to payment processors or merchant accounts with all of our incorporation services. Whether you just need standard credit card processing or specialized services for high risk processing, we are happy to help you with introductions that can empower your business.
*Offshore Bank Accounts: Belize, Puerto Rico, Nevis, Antigua, Saint Lucia. Other bank account options may be available depending on business profile and turnover.
Annual fees (2nd year) – US$800.00
- Government Fee
- Registered Agent & Registered Office Fee
- Corporate Nominee Director (1 year) – US$1,100.00
- Corporate Nominee Shareholder (1 year) – US$1,100.00
- Custodian fees (Bearer shares) (1 year) – US$300.00
Click here to incorporate your Saint Vincent and the Grenadines BC.