International Business Companies Act 1996 (As amended to 2007)
Structure
1. The minimum number of shareholders is one.
2. The minimum number of directors is one. Directors may be corporate entities or individuals.
3. No reporting requirements. But a company is required to keep financial records to reflect the financial position of a company.
4. No requirements for a local director.
5. No limitations on where or how meetings may be held.
Shares and Capital Requirements
The share capital may be expressed in any currency.
The minimum issued capital is one share of no par value or one share of par value.
Registered shares, shares of no par value, preference shares, redeemable shares, and shares with or without voting rights are permitted.
IBC Taxation
Exempt from all taxes for twenty-five years.
Offshore Company Providers
Alpha Trust CorpOffers services in the formation of international business companies, offshore trusts and fiduciary services.
Cosmos Trust Limited
Provides offshore financial services including company formation.
Delany Finisterre Corporate Services (SVG) Ltd
Provides corporate and financial services.
Dennings (Trustees) Limited
Provide services in all areas of international tax planning, private wealth preservation and many areas of corporate and commercial law.
Loyal Agency and Trust Corp
Offers company registration, trusts and corporate services.
St. Vincent Trust Service Ltd
Offers a full range offshore services such as formation and registration of offshore companies and international trusts, closed and opend-ended mutual funds, international insurance companies and offshore banks.
Wilfred Services Ltd
Provides company registration, trusts and corporate services.
List of St Vincent Offshore Banks
Background Facts
St Vincent & The Grenadines is located in the Caribbean between the Caribbean Sea and North Atlantic Ocean, north of Trinidad and Tobago
Population: 103,537 (2012 est.)
Capital: Kingstown
Dialing code: 784
Currency: East Caribbean dollar
Exchange control:
There are no exchange controls on current transactions under USD100,000
Government:
Parliamentary democracy, Constitutional monarchy
Official language: English
Legal System:
English common law
Bank Legislation:
(.PDF Downloads)
International Business Companies Act No.18 of 1996 (As amended to 2007)
IBC Regulations 2008
IBC (Amendment) Regulations 2010