Caribbean island chain south of Saint Lucia

Location

Eastern Caribbean Dollar (XCD), pegged to the US Dollar

Currency

Legal System

BCs, Trusts

Corporate Structures

Tax System

  • No capital gains or inheritance taxes; corporate tax rate of 30%
  • Offshore companies are exempt from local taxes if they do not conduct business in Saint Vincent and the Grenadines

Legal Framework

  • Based on English Common Law; governed by the International Business Companies Act of 1996
  • Business Companies (BCs) and offshore trusts are popular structures due to their confidentiality and flexibility

Advantages

  • Strong confidentiality laws protect business ownership details
  • Quick and straightforward company formation process
  • No requirement for financial statements or audits for offshore companies

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Cyprus, Nicosia

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