Saint Vincent and the Grenadines

Country: Saint Vincent and the Grenadines
Region: Caribbean
Currency: East Caribbean dollar (XCD) (EC$)
Languages: English
Time Zone: UTC -4
Communications: Good
Formation Cost: 900 - 1700 USD$
Formation Time: 3 - 5 days
Maintenance cost: 600 - 1000 USD$
Executive Summary: The state of St. Vincent and the Grenadines (SVG) is in the Caribbean, 1,600 miles southeast of Miami and 100 miles from Barbados. It has a population of just over 100,000. The economy moved from dependence on sugar to dependence on bananas; but tourism is now the biggest earner, and the government has been trying hard to build a financial services centre. Economic growth was dented by a combination of climatic problems, 9/11 and the need to rein in a free-wheeling financial services sector to placate the OECD and FATF. After a ‘clean up’ of the financial sector began in 2001, the sector now seems to be growing in a stable fashion. Key sectors are banking, trusts, insurance and mutual funds. There are estimated to be around 9,000 International Business Companies. A modernized IBC Act was implemented in 2008. Corporate tax ranges from 10 – 37.5%, but International entities are not subject to taxation.
Suitable for: Banking, Insurance, Fund Management, Yachting
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Company Purpose Stats:
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Insurance: | |
Fund Management: | |
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Yachting: | |
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Vehicle Types: IBCs, limited duration companies and trusts
Capital primary business districts: Kingstown
Good Relationships: Bahamas, Barbados, Bermuda, Belize, Canada, Cayman Islands, Cuba, Dominica, Jamaica, Montserrat, Saint Kitts and Nevis, Saint Lucia, Taiwan, Trinidad and Tobago, Turks and Caicos Islands, United Kingdom, United States
Bad Relationships: Burma, Cuba, Iran, Korea (Democratic People's Republic of), Libya, Somalia, Sudan, Syria
Tax Burden - Business: Moderate
Tax Burden - Individual: Moderate
Headline tax rates: CIT 10%-32.5%, PIT 10%-32.5%, VAT 15%
Treaty Jurisdictions: Antigua and Barbuda, Barbados, Belize, Dominica, Grenada, Guyana, Jamaica, Saint Kitts and Nevis, Saint Lucia, Trinidad and Tobago
TIEA Jurisdictions: Aruba, Australia, Austria, Belgium, Canada, Curacao, Denmark, Faroe Islands, Finland, France, Germany, Greenland, Iceland, Ireland, Liechtenstein, Netherlands, New Zealand, Norway, Sint Marteen, Sweden, United Kingdom
Information Links:
- Saint Vincent and the Grenadines Lowtax Service Providers Directory
- Saint Vincent and the Grenadines Tax-News
- Saint Vincent and the Grenadines Treaty Updates
- Saint Vincent and the Grenadines Lowtax Knowledgebase
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