Company formation in Saint Vincent and Grenadines

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The best type of legal entity in Saint Vincent and Grenadines is a Business Company (BC)

$1

minimum paid up share capital

0%

corporate tax

1 week

average company registration period

Step by Step Description

Step 1. Choosing a name:

Select a unique company name and register it with the local commercial registry.

Step 2. Choosing a registered agent:

When starting a BC in SVG, the registered agent, who holds a relevant license, is required to act as an intermediary. The registered agent is also responsible for filing any necessary paperwork with the government. The registered agent must be a resident of SVG and must have a physical address in the country.

Step 3. Incorporate BC:

We will need to file paperwork with the Registrar to form an BC. Below are the key required documents for the filing process, including:

  • Articles of Incorporation
  • Memorandum of Association
  • Name of directors and secretary (if any)
  • Local registered office address and name of the registered agent
  • Company name approval certificate
  • Information regarding the amount of initial authorized capital and the types of issued shares.

We can submit these documents through the FSA website, which will take approximately 3 - 5 business days for the Registrar to review our application. After the company has been registered, it is possible to start operating in SVG.

We also can help with:

  • Company secretarial services
  • Opening bank accounts
  • Preparing apostilled documents
  • Further legal support

Requirements for a BC in Saint Vincent and Grenadines

Before deciding to set up a new company in Saint Vincent and Grenadines, read the information below to understand the characteristics of a Business Company:

The type of company is a Business Company (BC).

Number of directors/shareholders – minimum 1 director/shareholder.

Share capital – no paid up capital requirement.

Liability – the liability of its shareholders is limited to the amount of capital they have invested in the company through their shares.

Accounting – no filing of accounts or reporting requirements, however, an BC is required to keep financial records.

Document requirements:

Taxation in Saint Vincent and Grenadines:

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The content of this article is intended to provide a general guide to the subject matter, not to be considered as a legal consultation.