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ST. VINCENT & THE GRENADINES

 

OFFSHORE INCORPORATION SERVICES

INCORPORATION ADVANTAGES

 

BENEFITS AND ADVANTAGES
TO INCORPORATE IN
ST VINCENT AND THE GRENADINES

The Saint Vincent and the Grenadines International Business Company has become the vehicle of choice for persons wishing to take advantage of the rapidly expanding offshore market. The International Business Companies Act 1996 is considered by legal experts to be a unique and innovative piece of legislation which contains provisions not found in similar legislation in other jurisdictions. An IBC incorporated in Saint Vincent and the Grenadines enjoys the following advantages:

 

Power to perform all legal acts and engage in all legal activities without fetter

Power to maintain offices or branches or a presence in any form whatsoever in any country in the world

Company documents may be filed in any language

IBC's may issue bearer shares and shares may be issued with qualifications rights, privileges, limitations and restrictions and may be issued in one or more currencies

IBC's may use any word or abbreviation that signifies limited liability

There is no requirement for the filing of by-laws or for disclosure of directors, shareholders, and attorneys of fact with the Offshore Finance Authority or any other entity

Exemption from the provisions of the Exchange Control Act or from any other currency or exchange control legislation for 25 years

Exemption from any corporate tax, income taxes, withholding tax, capital gains tax, or other like taxes on the income or assets of the IBC for 25 years

Exemption from Stamp Duty in respect of all transactions involving transfers of property to or by an IBC and also in respect of shares, debt obligations, and other securities and transactions for 25 years from registration

Exemption from inheritance and succession duties or any other form of gift tax on the estate of a shareholder for 25 years

Exemption from tax on any dividend or distribution to any other company, individual, trust or any other entity for a period of 25 years

Low fixed state incorporation rate of US$125 regardless of share capital

Low annual fee of US$100

The ability to change domicile to another jurisdiction by continuing in that jurisdiction

An existing company registered in another jurisdiction can be continued in Saint Vincent and the Grenadines

Quick incorporation within 24 hours

All information filed with the Offshore Finance Authority is protected by the most restrictive of all the Confidentiality Acts presently in force in offshore jurisdictions.

Provision for meetings of Directors and shareholders to be held by telephone, or by any electronic means whatsoever within or without Saint Vincent and the Grenadines.

Limited Duration Companies and Companies limited by Guarantee are permitted.

 

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