There is no minimum required authorized capital required for corporations in St. Vincent.
Corporation bearer shares and no par value shares are allowed in St. Vincent for anonymous ownership and privacy.
A St. Vincent corporation must have at least one director. Directors do not need to be local residents and can live anywhere in the world. Corporate directorships are allowed. Corporations do not have to hire a corporate secretary.
A St. Vincent corporation must have at least one shareholder. Bearer shares are also allowed in St. Vincent. Corporate entities can also be shareholders. Shareholders can be residents in anywhere in the world.
Beneficiaries, shareholders and directors may elect not to be public disclosed.
St. Vincent corporations can receive exemptions from capital gains tax, income tax, withholding tax, corporate tax or taxes on assets for 25 years from the date of registration.
There is an option for corporations to submit a one percent payment on all profits if the investors’ domestic law requires evidence of tax payments.
St. Vincent corporations are not required to meet any accounting or auditing practices. There is no requirement for corporations to maintain, or submit any records for tax or government approval.
St. Vincent corporations must have both a local registered agent and a local office address. This address will be used for process service requests and official notices.
Double Taxation Agreements:
There are no double taxation treaties between St. Vincent and other countries, ensuring even more privacy for offshore investors as financial information does not have to be shared.