St. VINCENT AND THE GRENADINES-OFFSHORE COMPANY WITH BANK ACCOUNT

St. Vincent and the Grenadines is a small island in the Caribbean near the northeastern coast of Venezuela. The capital is Kingstown, which has about 17,000 inhabitants and the official language is English. Like other offshore jurisdiction, St. Vincent applied the Law on Foreign Companies (IBC law), allowing creation of offshore companies.

The advantages of offshore companies from Saint Vincent and the Grenadines:

There could be only 1 director, natural or legal person

Offshore companies are exempt from taxes for 25 years from the date of formation

IBC is not required to submit annual reports to any local authorities

IBC can be managed / controlled from anywhere in the world

All documents and stamps of the company can be held anywhere in the world

Offshore Company may issue shares with different rights, limitations and restrictions in one or more currencies

Bearer shares are allowed

Limited liability of shareholders

There is not any requirement for annual external audit or publish any financial records

Not set a limit on share capital with the exception of the minimum registered capital 1 USD

No investment restrictions, except for purchases of property in St. Vincent

No limit on loans or paying dividends, except those mentioned in articles of incorporation.

No limit on the percentage of shares or property.

The non-resident shareholders are exempt from all taxes on income, capital gains and corporate taxes in St. Vincent

Shares may be nominated in any currency, although U.S. $ are widely used

We offer offshore companies in St. Vincent with the opening of a local bank account

Global Gold Business Package

• The IBC registered in Saint Vincent and the Grenadines
• Nominee Director service
• Bearer shares
• Local corporate bank account with international debit card
• Digipass for control of Internet banking
• Sending the incorporation documents  of the IBC by courier anywhere in the world
• The price for the first year 2,450.00 USD, annual renewal fee 1,450.00 USD

Global Business Silver Package

• The IBC registered in Saint Vincent and the Grenadines
• Nominee Director service
• Local corporate bank account with international ATM card
• Digipass for control of Internet banking
• Sending the incorporation documents  of the IBC by courier anywhere in the world
• The price for the first year 2,050.00 USD, annual renewal fee 1,350.00 USD

Global Business Package

• The IBC registered  in Saint Vincent and the Grenadines
• Local corporate bank account with international debit card
• Digipass for control of Internet banking
• Sending the incorporation of the IBC by courier anywhere in the world
• The price for the first year  1,650.00 USD, annual renewal fee  850.00 USD

The price of the packages above also include:

• Certificate of Incorporation
• Certificate of exemption from direct taxes
• Certificate of exemption from import duties
• Articles of association
• Stock Certificates
• Resolution of Directors
• Notice of the election of directors / members

Bank in Saint Vincent and the Grenadines

• Internet banking facilities Digipass
• Very low charges for outgoing international transfer orders - 45 USD
• Fee for incoming payments - 9 USD
• Monthly account management fee is only 10 USD
• Internet banking is free of charge (while other banks have accounted for more than 10 USD per month)
• High limits of POS 25,000.00 USD daily and ATM 2, 000.00

OUTSTANDING FEATURES:

Corporative legislation	Common Law, based on English Common Law. * The Company Act, No 8 of 1994 * The International Business Companies (Amendment and Consolidation) Act 2007 and its regulations. * The International Business Companies Act 1996 (as amended, 2002) * The International Trusts Act 1996 (as amended, 2002)
Form of tax-exempted company	The International Business Company (IBC)
Authorized business activities	All and any activities not prohibited by the law. Providing of banking, insurance and re-insurance, trust services is subject to special license.
Prohibited activities	Cannot trade within SVG. Cannot undertake banking or insurance activities. Cannot solicit funds from the public nor offer its shares to the public.
Taxation	An IBC's is exempt from all taxes for twenty-five years;
Exchange Control	None
Name of company	A name that is similar to or identical to an existing company. A name that implies illegal activities. A name that implies royal or government patronage. Names can be expressed in any language using the Latin alphabet, if the Registrar of Companies is in receipt of an English translation and the name is not considered undesirable. Chinese names possible. Names Requiring Consent or a Licence Bank, building society, savings, loans, insurance, assurance, reinsurance, fund management, investment fund, trust, trustees, Chamber of Commerce, university, municipal or their foreign language equivalents. Suffixes to Denote Limited Liability Limited, Corporation, Incorporated, Société Anonyme, Sociedad Anónima, Aktiengesellschaft or their relevant abbreviations.
Equity capital of the company	Equity capital of the company is declared, there are no requirements about obligatory payment and establishment of the minimal/maximal amount of statute capital;
Recommended equity capital	US$ 10,000
Authorised and Issued Share Capital	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. The annual fees are not linked to the amount of share capital;
Classes of Shares Permitted	* Registered shares, * shares of no par value, * preference shares, * redeemable shares, and * shares with or without voting rights. The International Business Companies (Amendment) Act No.26 and 44 of 2002 allows for the registration and custody of bearer share certificates by the Registered Agent;
Shareholders - Nominal shareholders	The minimum number of shareholders is one; allowed;
Directors - minimum number - status	The minimum number of directors is one. They may be natural persons or bodies corporate, may be of any nationality and need not reside in SVG; All rights, except for shareholders taking place in the exclusive competence (determined by the memorandum, the statute and-or the law);
On the territory of SVG there has to be: - registered office - registered agent	Required; Required;
Holding of the meeting of shareholders/directors	Meetings may be hold in any part of the world one time in the year; Minutes may be kept at any place;
Mandatory - keeping of accounting records - annual account - presentation of auditors conclusion	YES; No; No;
The documents kept at registration office	The register of shareholders and directors;
Agreements on exemption from double taxation	None;
Currency control	No;
Term of incorporation	2 weeks;
Costs of registration of company	Look below
Possibility to purchase a ready-made company	Yes

ST. VINCENT AND THE GRENADINES INTERNATIONAL BUSINESS COMPANY FEES STRUCTURE

I. THE BASIC SET OF SERVICES AND DOCUMENTS:

US$  800

Incorporation for the first year includes:

* Certificate of Incorporation

* Certificate of Exemption from Direct Taxes

* Certificate of Exemption from Import Duties

* Articles of Incorporation

* By-Laws

* Share Certificate

* Resolution of the Directors

II. OPTIONAL SERVICES

US$ 150 per document for each extra copy of Certificate of Good Standing , Certificate of Incumbency , Certificate of Incorporation , Certificate of Formation ,  Memorandum & Articles of Association, Articles of Incorporation, or By-laws.

Note.  St. Vincent and the Grenadines  is a signatory to the Le Hague Convention of October 25, 1961, and therefore the documents of the company can be authenticated via Apostille and automatically legalized in all countries having signed the convention. So, there is no need to provide expensive and time consuming legalization in consular establishments when you are opening bank accounts, setting up a branch, purchasing a real estate property, etc.

Certificate of Good Standing with Apostille: US$ 250

III. ANNUAL FEES

US$  750

IV. BANK ACCOUNT with online banking and debit cards

US$  500  with Cirrus/Maestro includes:

• Corporate bank account with Cirrus/Maestro debit card for your new IBC

• Digipass to initiate bank transactions in a secure way

US$  700  with MasterCard includes:

• Corporate bank account with MasterCard debit card for your new IBC

• Digipass to initiate bank transactions in a secure way

V. NOMINEE SERVICES

US$  600 p.a. Corporate director

US$  400 p.a. Corporate shareholder

US$  300  Apostilled POA

IMPORTANT NOTES

We reserve the right to change fees without notice.

US$ 130 Courier delivered documentation

The payment options are: WIRE TRANSFER.