St. Vincent and the Grenadines
Incorporation package includes
- Incorporation of a St. Vincent & Grenadines company
- 1 year Registered Office Address
- 1 year Company Secretary Services
- Preparation of necessary resolutions and documentation
- Guidance to ensure your company remains in good standing
- Reminders and support for annual filings, renewals, and business registration renewals
Why form a company in St. Vincent and the Grenadines?
Flexible LLC Structure
SVG LLCs provide flexibility in management and profit distribution, allowing members to design a structure that best suits their needs.
Strong Privacy Protections
SVG offers confidentiality by not publicly disclosing member and manager details. Additionally, nominee services can further protect owner identity.
Asset Protection
SVG LLCs are equipped with legal protections against claims from creditors, shielding assets held within the LLC.
No Exchange Controls
There are no restrictions on foreign currency transactions, making SVG LLCs suitable for global business operations.
Efficient Formation Process
The incorporation process is relatively straightforward, allowing for quick and efficient setup.
No Corporate Tax on Foreign-Sourced Income
SVG LLCs are not subject to corporate tax on income earned outside the country, making it ideal for international businesses.
Stable and Well-Defined Legal Framework
St. Vincent and the Grenadines has a legal system based on English common law, which provides a stable and predictable regulatory environment.
Enjoy Saint Vincent and the Grenadines' tax benefits
No Corporate or Income Tax
Offshore companies are fully exempt from local taxes on income and profits.
No Exchange Controls
Allows unrestricted movement of capital across borders, making it ideal for international business.
No Reporting Requirements
Minimal reporting requirements for offshore companies enhance privacy.
No Withholding Tax
Dividends, interest, and royalties paid to non-residents are exempt from withholding.
No Capital Gains Tax
Profits from asset disposals are tax-free.
Delivery timeline
Forming an SVG LLC typically takes around 2-4 business days. Here’s a breakdown:
Pre-Incorporation
Company name selection, document preparation, and setting up the company structure.
Company Registration
Submission of documents to the SVG Companies Registry for approval and processing.
Issuance of Certificate & Documents
Once approved, issuance of the Certificate of Formation and related documents.
Post-Incorporation
To incorporate an LLC in St. Vincent and the Grenadines, you’ll need to provide the following documents:
Required documents
To incorporate a company in Saint Vincent and the Grenadines, the following documents are needed:
Manager and Member Information
- Copies of passports or government-issued IDs for each manager and member
- Proof of residential address, such as a recent utility bill or bank statement
Company Name
Proposed company name, which must be unique and approved by the SVG Companies Registry.
Business Activities
A brief description of the company’s intended business activities.
Registered Office & Resident Agent
Confirmation of the company’s registered office and resident agent in SVG.
Operating Agreement
Drafting of an Operating Agreement, specifying management, profit-sharing, and decision-making procedures.
Frequently answered questions
Find answers to common questions about our services and the company formation process. We’re here to provide clarity and support for your business journey.
What are the advantages of incorporating a company in Saint Vincent and the Grenadines (SVG)?
Saint Vincent and the Grenadines offer several benefits for international businesses:
- Tax Efficiency: SVG companies are exempt from corporate income tax, capital gains tax, and inheritance tax.
- Confidentiality: There is no public disclosure of shareholders or directors.
- Quick Incorporation: Companies can be incorporated in just 1-3 business days.
- Cost-Effective: The jurisdiction offers low maintenance and setup costs.
- Reputation: SVG is a respected jurisdiction for offshore business and financial services.
What types of companies can be registered in SVG?
In SVG, you can form a variety of companies depending on your needs:
- International Business Company (IBC): The most popular type for offshore business activities, including investment, trading, and asset holding.
- Limited Liability Company (LLC): Provides liability protection to owners and is ideal for joint ventures and partnerships.
- Partnerships: Both limited and general partnerships are available for professional services and joint business ventures.
- Sole Proprietorships: Ideal for individual entrepreneurs starting their own business.
Is a local director or shareholder required to form a company in SVG?
No, Saint Vincent and the Grenadines do not require a local director or shareholder for company formation.
- Full foreign ownership is permitted, allowing you to control your business entirely.
- Nominee services can be used if you prefer additional privacy for shareholders or directors.
- Speedy Incorp LLP offers nominee services to meet your privacy and compliance needs.
How long does it take to incorporate a company in SVG?
Incorporating a company in Saint Vincent and the Grenadines is fast and efficient:
- The entire process can typically be completed within 1-3 business days.
- Speedy Incorp LLP handles all necessary paperwork and submissions to the SVG authorities, ensuring a smooth and quick incorporation process.
- Once incorporated, your company will be fully operational, with a legal presence in SVG.
What are the ongoing compliance requirements for a company in SVG?
Saint Vincent and the Grenadines has relatively low compliance requirements for companies:
- Annual Return: Companies must file an annual return with the SVG Registry of Companies.
- Registered Office and Agent: Companies are required to maintain a registered office and agent in SVG.
- No Audits: There are generally no mandatory audits for SVG companies unless they are in regulated industries.
- No Financial Statements: Companies do not need to submit financial statements to authorities unless specifically requested.
