Facts & Info for St. Vincent and the Grenadines LLC Company Formation
General information
Company structure
- Only one shareholder (can also be a legal person, no nationality or residency restrictions)
- Only one director (can also be a legal person, no nationality or residency restrictions)
Confidentiality
- Beneficial owners' details – Not part of public record
- Shareholders' details – Not part of public record
- Directors' details – Not part of public record
Taxation
- Limited Liability Companies doing business internationally are exempt from all form of local taxes
Other benefits
- No double tax treaties
- There is no statutory requirement for any formal meetings of members. All meetings may be held outside St. Vincent & the Grenadines, by telephone or other electronic means. Alternatively, directors and shareholders may vote by proxy.
Accounting requirements
Whilst there is no requirement to file audited accounts or annual returns with the authorities, a company is required to keep financial records, which should reflect the financial position of a company.
Secretary
Optional, although it is customary to have one (can also be a legal person, no nationality or residency restrictions)
Registered Agent
Required (can also be a legal person)
Registered office
Required
Company name
- Language: Any
- Letters: From Roman alphabet
- Company name contain the words “Limited Liability Company” or the abbreviation “LLC”
- Names Requiring Consent or a Licence: Bank, building society, savings, loans, insurance, assurance, reinsurance, fund management, investment fund, trust, trustees, royal, asset management, chartered, Chamber of Commerce, university, municipal or their foreign language equivalents.
N.B.
- Restricted connections for company name: name of state, national or local government.
- Any name that implies illegal activity or implies royal or government patronage is restricted.
- Registrar may reject any name which it considers undesirable or contrary to the public interest.
- Company name is restricted to be identical or similar that of an existing company.
- In case when foreign language is used for company name the translation may be asked by Registrar to ensure conformity to above listed restrictions.
Incorporation
- Name check and approval
- Filling incorporation documents with the Registrar of Companies
- A standard set of original corporate documents
- Payment of the Government fee
- Provision of registered agent and registered address for one year (renewed by June 30, irrespective of incorporation date)
- Provision of company secretary for one year (to be renewed each year)
Please provide us with the following documents and data:
Incorporation
- A notarized copy of valid passport (of each Manager and Member of the company)
- A copy of proof of residential address (e.g. utility bill of each Manager and Member) in English
- Optional: Bank reference letter (of each Manager and Member)
- Optional: CV (of each Manager and Member))
N.B.
- If Manager and/or Member are legal persons, then it is required to submit full set of apostilled company documents and if company is operating more than 1 year it is required to submit certificate of Good Standing.
- If documents are not in English language, then they must be accompanied by a notarized translation.
Company name
- Three company names in order of preference