St. Vincent and the Grenadines LLC Company Formation

St. Vincent and the Grenadines LLC Company Formation

St. Vincent LLC enjoys tax-free regime and high degree of confidentiality.

Incorporation: 2 weeks + delivery time for the courier


No minimum paid up capital requirements

 

Overview

Part of the Windward Islands located in Eastern Caribbean, about 1,600 miles south-east of Miami, St. Vincent is the largest of the more than 30 islands that comprise the nation state of Saint Vincent and the Grenadines. The Grenadines consist of a group of islands extending approximately 45 miles to the south-east of St. Vincent. The major islands are Bequia, Mustique, Canouan and Union Island.

The legal system is based on British legal system including appeals to the Privy Council based in the United Kingdom.

A St. Vincent IBC is a tax free vehicle for undertaking a wide range of business and investment opportunities under the jurisdiction of St. Vincent and the Grenadines, characterised by robust asset protection and some of the strongest global confidentiality laws.

St. Vincent and the Grenadines holds an international reputation in the offshore market, built on the back of its introduction of the Preservation of Confidential Relationships (International Finance) Act 1996. It is widely considered to be one of the most restrictive confidentiality laws globally, and is one of only three financial privacy laws in operation around the world. It is the only law of its kind found in an independent sovereign nation.

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Name check + + +
Company 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 December 31, irrespective of incorporation date)
  • Provision of company secretary for one year (renewed by December 31, irrespective of incorporation date)
Local secretary + + +
Government fees + + +
Registered office for 1 year + + +
Delivery of original documents - + +
Apostilled documents
- + +
  • If applying for a corporate bank account, you will need to order a full set of apostilled company documents when the account is opened outside of the country of Company.
Nominee director and shareholder
- - +
  • This service is required if you do not want your name to appear in the corporate documents or in the government registry. For this purpose, we will appoint another person or entity that will act on your behalf and for your interests and benefit. Such a relationship will be legally based on Power of Attorney and Trust Declaration. Despite Power of Attorney not being publicly available, such service does not guarantee 100% confidentiality. In case of request from public authorities the information about actual beneficial owner may be disclosed.
Total amount:
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Facts & Info for St. Vincent and the Grenadines LLC Company Formation

Company
Services
Requirements

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