St.Vincent & the Grenadines Limited Liability Company (LLC) Formation
|Formation Package||1st Year||USD 1,099||2nd Year||USD 799|
- Name check and approval
- Filling incorporation documents with the Registrar of Companies
- Payment of the Government License Fees (renewed by December 31 irrespective of the date of incorporation)
- Provision of registered office and registered agent (renewed by December 31 irrespective of the date of incorporation)
- Provision of company Secretary (renewed by December 31 irrespective of the date of incorporation)
- Certificate of Incorporation
- Memorandum & Articles of Association
- Appointment of First Directors
- Consent Actions of the Board of Directors
- Share Certificate
- Register of Directors and Members
- Company Seal
- Courier Delivery
|Nominee and Management Services||USD|
|Physical Person Director||700|
|Professional Management Services||2500|
|Physical Person Shareholder||400|
|Corporate Documents – Apostilled|
|Corporate Set of Documents||300|
|Special Power of Attorney||300|
|Certificate of Good Standing||300|
|Certificate of Incumbency||400|
|Hermes Bank||St. Lucia||399|
|Bank of Cyprus||Cyprus||399|
|Loyal Bank||St. Vincent||399|
Offshore Companies in St. Vincent and the Grenadines are governed by the International Business Companies Act, 1996 and their privacy is protected by the Confidential Relationships Preservation (International Finance) Act, 1996. The legislation is simple and straightforward, allowing a great deal of flexibility in the design of offshore corporate structures suiting the client’s needs. In particular the Act allows the Articles to set out any provisions not expressly prohibited by the Act. Only a duly approved Registered Agent within the meaning of the new Registered Agent & Trustee Licensing Act (No.15), 1996, may submit applications for formations and undertake services set out in the Act.
The Directors of the company may be of any nationality and may reside anywhere. At least one director is required and there is no requirement to appoint a local resident director.
The Shareholders of the company may be of any nationality and may reside anywhere. At least one shareholder is required, this can be the same person as the director. There is no upper limit to the number of shareholders and a shareholder can be a person or a corporation.
The standard share capital of a St. Vincent and the Grenadines IBC is $50,000 USD. However, only one share of the share capital must be issued and paid up. Your company’s share capital can be issued in any currency.
Company Secretary / Registered Office / Registered Agent
The company must have a registered agent and registered office in the St. Vincent and the Grenadines. There is no requirement for local secretary.
The details of shareholders and directors do not appear on public record.
The company must maintain accounting records, however it does not have to keep records in the St. Vincent and the Grenadines and there is no requirement to file accounts or a financial statement or having audited accounts and neither to file a corporate tax return.
Corporation and other taxes
There are no corporate taxes for a St. Vincent and the Grenadines IBC, except for annual government levy of US$200 for standard share capital.
Why use a St. Vincent and the Grenadines Company.
The modern offshore legislation provides maximum flexibility in global asset protection and privacy protection.
Gambia offshore companies are commonly used for
- Holder of bank accounts, fixed deposits, investment plans and any other financial or commercial title;
- Owner of the shares of other companies or legal entities;
- Owner of real estate and any other movable or immovable property or goods;
- Manager and promoter of international business transactions;
- International leasing of aircraft, vehicles, machinery and others;
- Borrowing or lending money, paying or receiving commissions, royalties or others;
- Marketing and promotion of products and services;
- Other commercial and financial activities.