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St Vincent & The Grenadines
NEWS
FACT FILE
Location Eastern Caribbean.
Time Zone GMT -4.
Population 109,022.
Capital Kingstown.
Airport 5 Domestic; 1 International (completion due2012).
Language English.
Currency Eastern Caribbean Dollar (EC$).
Dialing Code +1784
Centre's Expertise IBCs, trusts, funds.
Political System Parliamentary Democracy.
Legal System English common law with local statutes.
Personal Income Tax N/A.
Corporate Income Tax Nil, but company may irrevocably opt to pay 1% tax.
Exchange Restrictions None.
Tax Treaties One: CARICOM tax treaty.
Permitted Currencies Any currency.
Minimum Authorised Capital No minimum.
Minimum Share Issues No minimum.
Shelf Companies Yes.
Incorporation Time Scale 24 hours.
Incorporation Fees US$ 125 plus an annual fee of US$100 reduced by one twelfth, depending on month of formation.
Annual Fees US$100.
Minimum Number One.
Residency Requirements None.
Corporate Directors Yes.
Meetings/Frequency As directors decide bylaws and articles.
Disclosure Optional by the company.
Bearer Shares Permitted only if articles expressly allow. Share certificates are immobilised.
Minimum Number One, where company is authorised to issue shares. Nil otherwise.
Public Share Registry No.
Meetings Frequency As members agree in the articles or bylaws.
Annual Return Not required.
Audit Requirements Not required.
Registered Office Local registered office required.
Domicile Issues Companies may re-domicile in or out of SVG.
Company Naming Restrictions Yes, a few restrictions apply – see section 9 of Act.
ARTICLES
Black, White and Grey Lists: Update on St Vincent and the Grenadines’ Progress on its OECD Grey Listed Status
  Sharda Sinanan-Bollers on the trevails of smaller financial jurisdictions targeted by the OECD. (05/03/2010)
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