A St. Vincent IBC is a tax-free entity under the jurisdiction of St. Vincent and the Grenadines. The country holds an international reputation in the offshore market mainly because of its introduction of the Preservation of Confidential Relationships (International Finance) Act 1996. The only law of its kind in an independent country, it is one of the most restrictive confidentiality laws globally, and is one of only three financial privacy laws in operation around the world. The law protects against the disclosure of any confidential information worldwide. It offers strong asset protection structure of personal wealth and assets, with exemption from capital gains tax, income tax, withholding tax, corporate tax or taxes on all incomes and assets.
Tax-Free and 1% Tax Option for Tax Distribution Evidence
St. Vincent IBCs are exempt from all forms of taxation for 25 years from the date of initial registration. Under the Caricom Tax Treaty, it gives you an option to pay income tax at 1% in the Saint Vincent and Grenadines. This is truly helpful if the laws in your country requires tax distribution evidence.
The anonymity and confidentiality of all clients is protected.
- Not liable to any taxation for 25 years from the date of registration.
- Offers the option of payment of 1% tax on all profits where investors domestic law requires evidence of tax distribution.
- General confidentiality law that protects against the disclosure of any confidential information worldwide.
- Saint Vincent and the Grenadines has no double taxation treaty with any country, ensuring that all information on trading activity will not be passed to a Revenue Authority anywhere and thus protects your assets, tax-free and discreetly.
- Shares can be issued in one or more currencies without restriction.
- Exemption from stamp duty on any share or property transactions for 25 years from the date of registration
- Comparatively lower incorporation and annual fees globally.
Confidentiality & Disclosure
The anonymity and confidentiality of all clients is protected under the Preservation of Confidential Relationships (International Finance) Act 1996. There is no requirement to disclose the names of any beneficial owners, officers, managers or directors of the company to the registry.
Disclosure of confidential information is only permissible in the event that foreign criminal proceedings have been undertaken against a named director, manager or officer in another state. Disclosure is not permitted in relation to any proceedings that are directly related to the breach of the revenue and tax laws of the prosecuting state.
- Name of the company and the Director(s) of the company
- Names of the officers of the company
- Number of shares to be issued
- Names of shareholder(s) and number of shares to be issued
- Par value of shares (usually listed as US$1 per share)
- The currency (or currencies) in which shares will be issued
- Authorized capital
If the company has more than one shareholder, two Directors are required for St. Vincent Company Formation. This information must also be submitted.
Incorporation for the first year of registration includes certificates of incorporation, exemption from Direct Taxes and Import Duties, Shares and the Resolution of the Director(s).