Today we would like to draw attention to Saint Vincent and the Grenadines, one of the most underrated offshore jurisdictions. Saint Vincent and the Grenadines is a sovereign and politically consistent territory, being referred to as a solid offshore jurisdiction with a strong confidentiality law.

International business companies in Saint Vincent and The Grenadines take advantages of an exemption from all taxes on income and assets for 25 years as of the moment of incorporation. It is applicable even when the company is managed with physical presence in Saint Vincent and the Grenadines.

International business companies (IBC) in St. Vincent are well known thanks to a very simple and one of the fastest and cheapest incorporation procedures across the globe.

Undemanding requirements for an IBC formation make the St. Vincent option even more appealing. There is no minimum paid-up capital, the company may be incorporated with one shareholder and one director that can be the same person, in addition annual meetings are not obligatory. Engagement of the secretary is optional but highly recommended by Offshorelicense. The company can be controlled from St. Vincent or from any other part of the world, and its books, registers, seal may be kept outside of the country.

IBCs are permitted to issue shares regardless of whether they have the par value or not, the issued shares might be registered or bearer, with voting or nonvoting rights. Bearer shares’ custody and records shall be stored by the company’s Registered Agent.

Confidentiality of business and its owners in Saint Vincent and the Grenadines is arranged by the Preservation of Confidential Relationships International Finance Act 1996. On top of that, shareholders and directors’ details of an IBC are not recorded in any public registry.

Saint Vincent and the Grenadines IBCs are not obligated to file annual returns nor financial statements. Furthermore, the jurisdiction has a pretty small but solid and appropriately regulated private banking sector.

Saint Vincent and The Grenadines is an attractive jurisdiction that has consented to implement the OECD’s automatic exchange of information for tax purposes (AEoI) by 2018.

Saint Vincent and The Grenadines formations are frequently used for Forex brokers, international trade and investment, banking, and e-commerce businesses.

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