Offshore company formation in St. Vincent & the Grenadines 2024
Since 2003, Healy Consultants Group assists multi-national Clients’ with offshore company formation in St. Vincent & the Grenadines (SVG). There are two offshore company types that can be registered in Saint Vincent and the Grenadines. The comparison of different SVG offshore companies is outlined in the table below:
| Compare offshore company setup solutions in St. Vincent & the Grenadines | SVG Offshore Business Company | SVG Offshore LLC |
|---|---|---|
| Must register with the Government tax authority | Yes | No |
| Corporate tax rate on annual net profits? | 0 | 0 |
| Must file an annual tax return with the Government tax authority | Yes | No |
| Must file an annual solvency report with the FSA | Yes | No |
| Must file an annual economic substance report with the FSA | Yes | No |
| Can do business within SVG | No | No |
| Company incorporation within | 1 week | 1 week |
| Average total SVG offshore company incorporation engagement costs? | Request a proposal | US$13,625 |
| How soon can you invoice Clients/sign sales contracts? | 1 week | |
| How long to supply corporate bank account numbers? | 3 months | |
| Local physical office premises required | No | |
| Must file annual financial statements | No | |
| Resident director/partner/manager/ legal representative required? | No | |
| Corporate directors allowed | Yes | |
| Beneficial owners register maintained | No | |
| Can secure a regulatory license from the FSA | Yes | |
| Limited liability entity? | Yes | |
| Minimum number of directors | 1 | |
| Minimum number of shareholders | 1 | |
| Online public register of shareholders and directors | No | |
| Minimum paid up share capital? | US$1 | |
| Possible multi-currency corporate bank account location | USA | |
| Must register for VAT with SVG IRD | No | |
