Time frame: 2 weeks

Minimum registered capital requirement: £1 pound

Overview

Saint Vincent and the Grenadines International Business Companies, are made by the corporate enactment in accordance with Companies Act. St Vincent Company can be built remotely in full. The other significant corporate bill features is an exceptional level of confidentiality which made by the implementation of Confidential Relationships Act 1996.

This law ensures strict privacy for its organizations and persons associated with them. This Act is considered to be one of the best privacy laws all over the planet.

Primary Advantages

  • Forex corporations are exempt from taxes for 25 years from the date of establishment
  • Forex corporations are not obliged to present annual reports to any local governments
  • Forex corporations can be managed/regulated from anywhere in the world
  • All records and stamps of the business can be held anywhere in the world
  • Forex corporations may issue shares with several rights, conditions and limitations in one or more currencies
  • Bearer shares are permitted (not suggested)
  • The limited responsibility of shareholders
  • There are no provisions for annual external auditor publish any financial reports
  • No investment restrictions, except for possession of the property in St. Vincent
  • No limit on mortgages or paying dividends, except those specified in articles of incorporation
  • No limit on the portion of shares or property
  • The non-resident shareholders are excluded from all taxes on dividends, capital gains, and corporate taxes in St. Vincent
  • Shares may be decided in any currency, although US$ are widely used
Notable features

General information

Company structure

  • Minimum one shareholder (no limitation with regards to residence)
  • Minimum one directors (no limitation with regards to residence)

Taxation

  • No corporate tax
  • No income tax
  • No interest tax
  • No dividend tax

Registered office – Needed

Secretary – Needed

Company name

  • Company name should end with a word, phrase or acronym that meant Limited Liability, such as “Limited’, “Ltd” or any relevant abbreviation
  • Names having Royal, Republic,  Imperial, Commonwealth, Government are forbidden
  • Names that are misleading or deceitful are forbidden
  • Offensive names are forbidden
  • Identical or substantially identical names are prohibited
Procedure

In order to receive Saint Vincent Forex Company, the following steps shall be taken out:

  • Publishing the invoice
  • Adoption of a preferable company name
  • Development of legal and incorporation papers
  • Submission of the form and the documents to the Registry
  • Incorporation of the corporation
  • Apostillization of documents

Additional:

  • Opening Bank account

*Kindly note that Memorandum & Articles of Association requires to be approved by the Shareholders and returned in original to our office.

Please provide us with the following documents to obtain the license

Document
  • A notarized photocopy of valid passport (of all Shareholder and Administrator)
  • A copy of proof of residential address
  • Clean criminal records

Optional:

  • A bank Recommendation Letter (of each Director)
  • CV (of each Shareholder and Director)
  • In order to open Bank account, kindly give the following:
  • A notarized photocopy of an original passport
  • Copy of confirmation of address in English
  • All documentation shall be provided in English*
  • * If records are not in English, then they must be brought by a notarized translation.