Company Registration in Saint Vincent and the Grenadines
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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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