St Vincent & The Grenadines
NEWS
FACT FILE
Location Caribbean, slightly west of Barbados and south of St. Lucia.
Time Zone GMT-4 (GMT-5 in summer).
Population 105,000 latest estimate.
Capital Kingstown.
Airport Argyle International Airport.
Language English.
Currency East Carribean Dollar (XCD).
Dialing Code +1 784.
Centre's Expertise IBCs, trusts (especially reserved powers type).
Political System Democratic, Westminster/ Whitehall style.
Legal System English Law, with UK Privy Council as Court of Final Appeal.
Personal Income Tax 10% to 32.5%.
Corporate Income Tax Nil for IBCs and offshore entities and trusts. (Maximum of 32.5% for domestic companies).
Exchange Restrictions None.
Tax Treaties For full details, please go to www.ifcreview.com/TIEA.
Permitted Currencies Any currency.
Minimum Authorised Capital No minimum.
Minimum Share Issues No minimum.
Shelf Companies Yes.
Incorporation Time Scale 48 hours.
Incorporation Fees US$125; excluding registered agent's fee.
Annual Fees US$100; excluding registered agent's fee.
Minimum Number One.
Residency Requirements None.
Corporate Directors Yes.
Meetings/Frequency At company's direction.
Disclosure No.
Bearer Shares Yes, but share certificates must be held by registered agent.
Minimum Number One; may be natural person or juridical entity.
Public Share Registry At company's direction.
Meetings Frequency At company's direction.
Annual Return No.
Audit Requirements No; unless entity is also a regulated fund, insurance company or offshore bank.
Registered Office Yes.
Domicile Issues Yes; migration is permitted to and from the jurisdiction.
Company Naming Restrictions Certain words are restricted (eg 'trust', 'fund', 'insurance').
ARTICLES
Caribbean Offshore Financial Centres: Not All Are Created Equal
  Despite criticism of IFCs and their practices in the media, Canadian FDI into Caribbean IFCs has continued at a steady pace. Dr Walid Hejazi examines the attraction of the region. (01/02/2015)
Recent Regulatory Changes in St Vincent and the Grenadines
  Isaac Legair, Dennings provides an insight into recent legislative changes destined to consolidate the SVG as one of the industry's most credible IFCs. (01/03/2013)
FATCA’s impact on Caribbean Financial Businesses on the Eve of the Final Regulations
  With FATCA looming on the horizon, David Conen, KPMG examines why Caribbean IFCs can no longer simply bury their heads and must start preparing sooner rather than later. (01/11/2012)
SVG: The Evolution of a Financial Centre
  Ralph Gonsalves examines the recent shift in policy in offshore financial jurisdictions and highlights how SVG has managed to come through this to remain a major player for legitimate clients and investors (12/12/2011)
Caribbean Review 11/12
  The Caribbean Review featuring in-depth articles, commentaries on all the latest legislative and regulatory issues facing the Caribbean, now available online and in pdf format (01/12/2011)
St Vincent and the Grenadines – Seeking a Prosperous Future
  Bryan Jeeves examines the St Vincent and the Grenadines’ successful compliance with international regulations and how the SVG’s financial services sector may prosper from this in the future. (01/12/2011)
Black, White and Grey Lists: Update on St Vincent and the Grenadines’ Progress on its OECD Grey Listed Status
  Sharda Sinanan-Bollers on the trevails of smaller financial jurisdictions targeted by the OECD. (05/03/2010)
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FURTHER BACKGROUND INFORMATION
  St Vincent & the Grenadines Tax Treaties
  St Vincent & the Grenadines currently has 10 DTCs and 21 TIEAs in place. - read more...
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