St. Vincent and the Grenadines (SVG) is situated in the Eastern Caribbean. The country gained independence from Britain in 1979, instituted a Parliamentary Democracy on the Westminister model, and has remained a part of the Commonwealth. The legal system is based on English common law.

Saint Vincent and The Grenadines Business Companies are commonly used for FOREX brokers, international trade and also for yacht and vessel registration.

St. Vincent is not a tax heaven anymore. Companies incorporated in 2019 are currently subject to the local tax regime (30% tax on worldwide income) and require filing tax returns.

However, the Financial Services Authority (FSA) has already announced plans to amend the Income Tax Act to implement a territorial tax regime, where only local-sourced income will be subject to taxation. While Companies with over USD 4 Million revenue or USD 2 million of assets will be required to file annual returns.

Attractive features

• Fast incorporation procedures

• Reasonable formation and maintenance fees

• No minimum paid-up capital requirements

• Directors/Shareholders can be residents of any country

Tax Rates

• Corporate Income Tax 30%

• Dividends 0%

• Royalties 15% to residents of CARICOM countries and 20% to residents of other countries

• Capital gains 0%

KYC and AML requirements

All our clients prior onboarding have to go through our Due Diligence procedure which includes our AML and KYC checks.