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2017.07.23
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OFFSHORE COMPANY FORMATION
Saint Vincent & Grenadine
Status Parliamentary Democracy
Area, sq.km: 388
Population: 116 000 (2001 July)
Capital: Kingstown
Business language: English
Currency: East - Caribbean Dollar (XCD)
Location: Caribbean sea to the north-east of Venezuela
Time zone: GMT - 5

 

INCORPORATION DATASHEET
Advantages: Very liberal and well-established company law, Low incorporation and annual fees
Disadvantages: -
Company status: International Business Company
Corporate legislation source: The International Business Companies Act, 1996
Company name: All names must end with Incorporated, Inc., Corporation, Corp., Limited, Ltd., S.A.
Time required for incorporation: 2-3 weeks
Minimum number of directors: 1
Usual minimum capital: No minimum requirements
Are accounts required:: No
Minimum number of shareholders: 1
Type of shares: Registered
Annual tax and duties: 100 USD
What information is available on the public file: Registered office, registered agent, Memorandum & Articles of Association, directors
Non-public information: Shareholders
Registered office: Local registered office is required by law.
Registered secretary / agent: Local registered agent is required by law.

COMPULSORY COSTS (payable prior to registration)

FORMATION FEES
Incorporation fee: 400 USD
Notarial certification: 100 USD
International authentication (Apostille): 140 USD
Legal expenses, filing fees and stamp duties: 150 USD
Issuing of share certificates and initial minutes and forms: 100 USD
Corporate seal: 50 USD
Courier fees: 50 USD
Subtotal: 990 USD
ANNUAL FEES*
Registered office and registered agent: 890 USD
Annual tax and duties: 100 USD
Due diligence checking fee:  100 USD
Subtotal: 1090 USD
Total: 2080 USD


* The annual fees for the first year of the company's existence are payable prior to incorporation. Subsequently the amount of 1090 USD is payable annually beginning from the 1st of January of next year. Non-payment of the annual fees results in deletion from the Companies Registry.

The amount of 2080 USD includes the following services: formation of the company, duties payable to the local authorities for the incorporation of the company, Certificate of Incorporation with Apostille, provision of Memorandum Articles of Association authenticated by Registrar, Appointment of First Directors with Notary Public authentication, Share Certificates, initial minutes, provision of registered office and registered agent for 1 year, annual tax for the 1st year, two company seals, luxury leather corporate kit, courier delivery to Laveco office. The price contains no hidden costs!

OPTIONAL COSTS
Nominee Director (private person): 890 USD
Nominee Director (corporate body): 395 USD
Nominee shareholder: 295 USD
Power of Attorney: 390 USD
Notarial Certification: 95 USD
Certificate of Good Standing: 295 USD
In cases where the total number of attorneys, shareholders and beneficiaries in a company is more than 5, a supplement of 100 USD will be payable for each additional person.
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