St Vincent and the Grenadines LLC Company Formation

Key Features

  • Simple and inexpensive Company Formation.
  •  Designation LLC  (Limited Liability Company).
  • Non-Resident shareholders are exempt from corporate taxes
  • No details of shareholders (members) or directories are on any publicly accessible register.
  • Shareholders and Directors may reside anywhere in the world except USA, Russia, or any internationally embargoed country.
  • Only one director and shareholder are required.
  • Formation usually within 48 working hours depending on time zones and correct information being supplied.
  • A stable political system based on the English model.
  • All companies no matter what their incorporation date, are due for renewal on the 31st of December each year.
  • Company accounts and Company stamp can be kept at an address outside St Vincent and the Grenadines.
  • There are no requirements to file accounts in Saint Vincent and grenadines

Due to recent law changes, St Vincent IBC Companies are abolished and are now LLC (Limited Liability Companies)

Incorporation includes:

  • Government registration fee
  • Registered office
  • Registered agent
  • Certificate of incorporation
  • Certificate of exemption of import duties
  • By-Laws – (memorandum articles of association)
  • Register of directors
  • Appointment of the first director
  • Share certificate(s)

Annual Requirements

The annual requirements for a St Vincent company are minimal, making it an excellent choice for those requiring minimal paperwork.

The government fees must be paid annually on or before the 31st of December each year.

  • The company renewal ensures that the company is in good standing with the authorities and that there are no other accounting requirements for St Vincent and the Grenadines Comp.

Fees

First-year set up fees:  £2250.00

Yearly renewal fees:     £1500.00

Documentation requirements

  • A completed copy of our in-house application form, available on request – please email charles@charlesfarran.com
  • Beneficial owner passport copy. A clear scanned copy of the two opened pages (photo page) on a white background. Mobile phone photos are not acceptable.
  • Passport copies of any other Directors or shareholders as above.

Banking information

While it is still possible to open banking facilities with traditional banks, we are finding, this is becoming more and more difficult due to the heavy compliance information now required by conventional banks imposed upon our clients. We now recommend considering using an international banking platform for your banking needs.

We have just signed an agreement with a US Federal Deposit Insurance Corporation (FDIC) regulated digital banking platform that are also registered in the USA by the FDA, which offers an account guarantee of $250,000 U.S. dollars account. Account opening is handled by our compliance team on your behalf.

All digital banking platforms now charge fees. The vast majority are around £3000.00 GBP so we have negotiated a fee of £1500.00, but with no monthly account fees to pay. This fee is charged yearly, 12 months from the opening of the account.

Currently this is a USD only account, with GBP and Euro accounts be added shortly.

In line with most company jurisdictions, now made more essential by the sanctions imposed of Russian persons and businesses, a banker’s or professional  reference is required to form St Vincent & Grenadines LLC Companies. As you are respected client, I have persuaded the St Vincent & Grenadines Local agent to accept my personal reference on your behalf. This is due to the fact that I am a UK licensed Company Service Provider. No charge is made for your reference.

Please be aware that due to further rule changes, we have to form your proposed new Company before we can apply for a bank account for the company. There is a small risk that in the event that we cannot open an account for your new Company, no refund will be made. However, this is unlikely, but we need to make you aware of this fact.

Application process options

  1. By email to: charles@charlesfarran.com
  2. By telephone: + 44 (0) 771 975
    Cell: + 44 (0)771 975 5664 manned 7 days per week between 9 AM -7PM UK time
    WhatsApp/txt + 44 (0) 771 975 5664
    Leave a message, and give your details to our BOT, Kris on our website at the bottom of this page.

Payment

For your security we no longer provide on line application or payments.

Payment options

  • Bank transfer.
  • Card payment by link supplied by us upon request.

Note

Due to recent rule changes imposed by company jurisdiction and Banks. It essential that you never order a company on line, without speaking with someone with considerable experience. So, to discuss your own requirements, feel free to call us in confidence on any of the above telephone numbers.

We have been in the business for over 30 years and know what we are talking about. We look forward to speaking with you.