Registration of a company in Saint Vincent and the Grenadines

Name of service Bronze Silver Gold Platinum
Check and reserve of the company name Obtaining approval from the registrar for the company name
Company registration, including state fees Preparation of a full package of documents, depending on the chosen form of ownership, cooperation with the relevant authorities prior to obtaining information on company registration
Set of constituent documents Preparation of a complete package of constituent documents of a company of any form of ownership
Legal address for 1 year Provision of legal address for your company in a given jurisdiction, eliminating the need to purchase or rent real estate
Nominal service for 1 year Registration of a company with nominal service and provision of nominees for 1 year. The price includes issuance of additional documents: power of attorney, trust documents and agreements
Assistance in opening an account Collection, preparation and submission of the necessary documents for opening a corporate account
Assistance in opening a personal account Collecting, preparing and submitting the necessary documents for opening a personal account
Total cost
1825 USD 2975 USD On request On request
Annual renewal (paid from the second year)
1735 USD 2545 USD 2545 USD 2545 USD

Action

If you will register a company until 30th of April ,
opening a bank account is for FREE

Start registration

Pricelist

6 steps

  • 1

    Choose a
    jurisdiction

  • 2

    Choose
    a bank

  • 3

    Pay for the service
    using suitable
    method

  • 4

    Receive credentials
    of your new
    company

  • 5

    Receive credentials of
    an opened bank
    account

  • 6

    Receive a package with
    documents delivered
    by DHL

St. Vincent and the Grenadines is a jurisdiction that many investors can find suitable for establishing entities and operating worldwide. This country has created an especially beneficial environment for Forex and crypto businesses. It offers advantageous tax conditions and imposes zero restrictions for running a business by foreigners.

Major Forms of Legal and Business Presence in St. Vincent and the Grenadines

If you intend to become present in St. Vincent and the Grenadines, you may do this in one of the next forms:

  • Business Company (BC) – this vehicle replaced an International Business Company. In terms of taxation, it may not be very advantageous for investors already as gains from worldwide become subject to local taxes. The BC may be (i) limited by shares, (ii) limited by a guarantee, (iii) limited by both shares and guarantee, or (iv) unlimited company. The next option may be potentially more profitable and open all advantageous opportunities the jurisdiction offers.
  • Limited Liability Company – a corporate entity where the liability of shareholders is restricted to the amount of the contributions made. There are no requirements for chartered capital and a minimum number of shareholders. The vehicle is suitable in terms of taxation as only local gains are subject to local taxes.

Registration Requirements and Steps

Opening a company in St. Vincent and the Grenadines, a limited liability company, for instance, may require passing these preliminary steps:

  1. Defining your commercial priorities (types of activities you are going to conduct).
  2. Selecting and verifying a commercial name for a future company.
  3. Arranging the registered office for a future entity.
  4. Collecting details of founders, beneficial owners, and management of the future entity.
  5. Drafting the statutory documents.
  6. Preparing and submitting the package of documents to the Registrar.
  7. Registration for tax and social security.
  8. Obtaining licences and permits in certain cases (depends on the exact types of activities you are going to conduct).

This registration procedure is an outline only. The exact steps that should be taken for registering a company may vary on a case-by-case basis.

Legal and Regulatory Framework

The local legal framework is advantageous for doing business and foreign investments. The country ensures compliance with the main international standards for doing business and its confidentiality at the same time.

The legal system is based on English Law. The Companies Act and the Income Tax Act are major legal acts in this jurisdiction. The Commerce and Intellectual Property Office and the Financial Services Authority are major regulatory bodies in terms of running a business.

Advantages of the Jurisdiction

Company registration in St. Vincent and the Grenadines may be advantageous in your case taking into account these benefits the jurisdiction has:

  • Political and economical stability
  • Emphasis on compliance with OECD standards
  • Easy and straightforward process of the company incorporation
  • Comparatively low costs for the company maintenance
  • Zero currency control

Tax System of St. Vincent

For the setting up a company in St. Vincent and the Grenadines, you may need to know the next tax highlights of the jurisdiction:

  • Corporate income tax rate – 30 %
  • Personal income tax rate – 30 %
  • VAT rate – 16 %
  • Withholding tax rates (for non-residents) – (i) dividends – not applicable (N/A) (ii) interests – 20 % (iii) royalties – 20%.
  • Capital gains tax – N/A

How Prifinance Specialists May Assist You

If you think about applying an option of St. Vincent company formation, Prifinance specialists may consult you whether this can be actually promising in your case. Our professionals can suggest equivalent options for establishing an entity abroad. Prifinance specialists will also prepare for you the package of registration documents and complete this process in fact. You may also rely on us in terms of opening a corporate bank account for your newly-formed entity and supporting its further activities. Reach us shortly for more precise discussions and suggestions.

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