LLC registration in St. Vincent and the Grenadines (SVG)
St. Vincent and the Grenadines (SVG) is an independent state located in the Caribbean islands. Registration of a company abroad, in particular in SVG, is interesting for businessmen due to favorable taxation and convenient legislation. The owners of different businesses plan to open an offshore business in St. Vincent and the Grenadines (SVG), as in SVG there is complete confidentiality, thanks to which the personal data of the founders are protected.
Why is St. Vincent and the Grenadines in demand for company registration?
Many people want to register a company in St. Vincent and the Grenadines, because in SVG there are no territorial requirements for opening bank accounts. Therefore, companies can work with any bank. Additional advantages of opening a business in SVG:
- absence of filing annual accounting;
- authorized capital can be equal to 1$;
- employees may not have specialized education;
- absence of audits;
- no income tax if the company does not do business in the jurisdiction;
- no need to hold shareholder meetings in the SVG;
- no exchange controls for any transactions under $100k;
- business owners and shareholders can be citizens of any state.
Who needs the service "LLC Registration in St. Vincent and the Grenadines (SVG)"?
Registration of an offshore company in St. Vincent and the Grenadines requires attention, knowledge and experience. In order to do everything correctly, you need to collect all the necessary documents, properly execute them in accordance with the requirements of the legislation of the SVG. In the process of company registration there may be difficulties with legal and bureaucratic services, with which it is very difficult for a client to cope without the help of professionals. And the independent solution of issues requires a lot of time and money.
Therefore, turnkey company registration in St. Vincent and the Grenadines is the best solution as Intelligent Solution Group:
- develops effective strategies to eliminate any problems and complexities;
- is always in touch and provides comprehensive support even after opening a business in SVG;
- informs about every stage of cooperation;
- has a team of specialists to solve individual issues.
Company registration and maintenance in SVG
St. Vincent and the Grenadines is one of the few countries in the world that does not regulate activities related to cryptocurrency, and the local regulator does not perform any monitoring, nor does it impose additional sabstens requirements for LLC-companies.
The company is not subject to taxation in St. Vincent and the Grenadines, provided the LLC conducts business and earns profits abroad.
Confidentiality and governance structure
Confidentiality is a key feature of the SVG. The LLC does not need to file information about the managers and shareholders of the company. In addition, this information will not appear on the SVG Registry of Companies either.
There are no requirements for LLC companies to maintain and file reports.
There must be at least one director and one shareholder in the organizational structure of the company. These duties can be headed by one person, whether a legal entity or a non-resident individual of SVG.
AML and KYC procedures
AML and KYC are mandatory procedures that every client must go through when registering a company in SVG. These procedures include not only providing personal documents, but also going through a video interview with the representative of the registration agent in the country, confirming personal mobile numbers and emails. Businessmen, who apply to Intelligent Solution Group, pass this interview under the guidance of experienced employees of the company, which means that a simplified verification awaits them. This stage is quite lengthy and nerve-wracking if the client goes through it on their own.
How to open an offshore company in St. Vincent and the Grenadines quickly?
Intelligent Solution Group will guide your LLS company through all stages of incorporation quickly.
To register a company in SVG, you need to provide:
- the name of the company and the names of the directors of the company;
- the names of the company's employees;
- the number of shares to be issued;
- the names of the shareholders;
- the nominal value of the shares;
- the currency in which the shares have been or will be issued;
- authorized capital.
Opening a business in St. Vincent and the Grenadines with Intelligent Solution Group Company
In order to open a bank account abroad or buy a ready-made company in SVG, it is necessary to properly register a business in a foreign jurisdiction.
Intelligent Solution Group, in turn, offers:
- assistance in establishing a legal entity, support during the whole period of company registration;
- checking the uniqueness of the company name;
- payment of all state duties;
- collection of all necessary documents: founding documents, certificate of ownership of company shares and others;
- assistance in opening bank accounts, support of business transactions;
- assistance in obtaining licenses;
- accounting support.
If you need to solve complex issues related to business, tax risks and management of foreign assets when registering a company in the SVG, contact the specialists of Intelligent Solution Group.