St.Vincent and Grenadines Company Formation
The information below displays the requirements to register a St Vincent offshore company (St Vincent IBC). We provide details on the maintenance, shareholder requirements, the minimum capital requirements for St.Vincent and Grenadines company formation, along with the legal form, naming requirements, documentation required and director and secretary requirements.
The information below is a guide to help you with your St Vincent company registration, this serves as a general guide and may be subject to the most recent changes of the legislation in various jurisdictions. We invite you to Contact Us for the latest update and free quotation.
St Vincent Company – St Vincent IBC
Legal form: 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.
Name of the St Vincent company: St.Vincent & the Grenadines companies names must end with one of the following words Limited, Corporation, Incorporated, Société Anonyme or their abbreviations. A wide variety of other suffixes such as BV, GmbH, and SARL may also be used. The following names to be used, require licensing: Bank, Insurance, Assurance, Re-Insurance, Trust, Trustee, Savings, Royal, Asset management, Fund Management, Investment Fund, Building Society, Municipal, Chartered. Names denoting any connection to local, state or national Governments are generally prohibited. Incorporation under documents in foreign language is allowed provided translation is attached.
Memorandum and Articles of Association: A company is incorporated in St.Vincent and the Grenadines by application made to the Registrar of Companies. Memorandum and Articles of Association must be lodged with the Registrar. Memorandum specifies the activities in which the company may engage and Articles of Association specify the rules governing the internal management of the company.
Shareholders: A minimum of one shareholder is required which may be an individual or a corporate body. The details of company beneficial owners and shareholders are not part of the public records.
The share capital: There is no specific minimum capital requirement. The standard authorized share capital is US$ 50,000. The minimum issued capital may be one share of no par value or one share of par value. Registered shares, bearer shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights permitted. The International Business Companies (Amendment) Act No.26 and 44 of 2002 now allows for the registration and custody of bearer share certificates by the Registered Agent, who must also keep a record of each bearer certificate issued or deposited in its custody and the record shall contain pertinent information relating to the company issuing the shares, the ID number of the share certificate and identity of the beneficial owner.
Directors of the company: The minimum number of directors is one, who may be a natural person or a body corporate. They may be of any nationality and need not be resident in the St.Vincent and the Grenadines. Details of the company directors are not part of the public record. This information is kept only at the offices of the Registered Agent in complete confidentiality.
Registered office and local agent/secretary: Registered Office must be maintained in the St.Vincent & the Grenadines at the office of a licensed Registered Agent. St.Vincent & the Grenadines IBC does not need to appoint a company secretary, although it is customary to do so. The secretary may be a natural person or body corporate, be of any nationality and need not be resident in the St.Vincent & the Grenadines.
Taxation: St.Vincent & the Grenadines IBC is not subject to any tax or duty on income or profits. It is also exempt from stamp duties on transfer of property and any exchange controls. An IBC receives upon formation a Government Certificate of Exemption from taxes for 25 years from the date of incorporation.
Audit and financial returns: Whilst there is no requirement to file audited accounts or annual returns with the authorities, a company is required to keep financial records, which should reflect the financial position of a company.
Meetings: The directors and the shareholders meetings need not be held in St.Vincent & the Grenadines also there is no requirement for an Annual General Meeting. All meetings may be held outside St.Vincent & the Grenadines, by telephone or other electronic means. Alternatively, directors and shareholders may vote by proxy.
Time needed for St Vincent formation: Usually it is 1 working day, but we need up to 10 working days for legalization of the documents and delivery by courier.
In order to proceed with the formation of a St Vincent offshore company (St Vincent and the Grenadines IBC), please visit our How to Start page and then proceed to filling in our Application Form.
Our costs and fees for a St.Vincent and Grenadines company formation (St Vincent IBC)
St Vincent Company Formation cost includes:
- Name check and approval
- Filing incorporation documents with Registrar of companies
- One set of standard corporate documents
- Payment of government fees
- Provision of registered agent and address for one year
- Provision of company secretary for one year
- Rubber stamp
Optional services (to be chosen by the client)
- Provision of nominee shareholder
- Provision of nominee director
- General Power of Attorney issued by nominee director, apostilled
- Notarial certification
- Apostille
- Opening a corporate bank account
- Bank card application
- Certificate of Incumbency
- Certificate of Good Standing
- Mail collection, mail forwarding ( please contact us for a quotation )
- Provision of postal address
- Virtual office ( please contact us for a quotation )
- Metal seal
- Extra rubber stamp
Recurring maintenance fees from 2nd year and after
- Provision of registered office and registered address
- Provision of registered agent and company secretary
- Payment of annual government fee
Speak to one of our consultants for a free quotation
For DeltaQuest Corporate Services please contact:
Telephone: +357-25-878480
Fax: +357-25-761160
E-mail: corporate@deltaquestgroup.com
Mailing address: P.O.Box 57216, Limassol 3313, Cyprus
Business address: 14, Louki Akrita Str., Ayias Zonis, Limassol 3030, Cyprus
You can also fill our Contact Form
Print This Page
