Saint Vincent and the Grenadines: Country and Foreign Investment
Individuals or companies wanting to make use of the offshore sector in Saint Vincent and the Grenadines normally constitute either or both of an International Business Company or a Trust.
The International Financial Services Authority (IFSA) of Saint Vincent and the Grenadines announced in May 2004 that offshore agents would henceforth be able to incorporate companies for their clients online.
This development meant that instead of taking one day to file the relevant documents and issue company certificates, the IFSA can now commit to ensuring that company documents are available for collection within three hours of the filing of the information by the agent. The online registry system operated by the Authority also allows agents to pay their annual fees over the internet, to reserve company names, and to conduct searches of company files. The system is operated using a pre-payment model.