St. Vincent and the Grenadines

Saint Vincent and the Grenadines (SVG) is a Caribbean jurisdiction based on British common law, widely used for international business and investment structures.

• Official language: English
• Currency: East Caribbean Dollar (XCD), pegged to USD (1 USD = 2.70 XCD)
• Capital: Kingstown
• Membership: Commonwealth, OECD Global Forum

SVG remains attractive for offshore companies thanks to 0% tax on foreign-source income, fast online incorporation, and flexible structures: IBC (International Business Company) and LLC (Limited Liability Company).

Company Types in SVG: IBC vs. LLC

IBC – International Business Company

• Ideal for trading, holding, and asset management.
• Standard corporate structure.

LLC – Limited Liability Company

• Flexible partnership-like entity, often used for investment funds and SPVs.
• Can be tax transparent, passing profits to members.

Tax Regime and Compliance (2025)

• 30% corporate tax on locally sourced income or companies considered tax residents.
• 0% tax for offshore activities if the company has no management or control in SVG.
• Compliance obligations:
  • Maintain accounting records for 5 years.
  • Beneficial Ownership Register (private, accessible to regulators).
  • No public financial reporting.

IBC vs. LLC in SVG – Comparison Table

Key Advantages of SVG

• 0% tax on offshore income
• No public ownership register
• Tax transparency option (LLC)
• 24/7 fast online registration
• Flexible business structures
• Electronic signatures accepted

Practical Use Cases

• Holding companies for asset protection.
• Investment structures and SPVs.
• Intellectual property management.
• International trading without local source income.

International Compliance

• TIEA (Tax Information Exchange Agreements): Yes – exchange on request.
• No Double Tax Treaty with the Czech Republic.
• AML/KYC compliance: Mandatory, UBO register required.

FAQ – Frequently Asked Questions

1. Is SVG still a tax haven?
   Not in the old sense – anonymity is limited, but 0% tax on offshore activitiesremains.
2. Are bearer shares allowed?
   No, banned since 2019.
3. Do I need to keep accounting records?
   Yes, records must be kept for 5 years (not public).
4. How fast can I set up a company in SVG?
   Online incorporation within 24 hoursvia a licensed agent.
5. Is an LLC better than an IBC?
   LLC is suitable if you want tax transparencyor flexible ownership structures.

SVG is still a competitive jurisdiction for international trade and investment if:

• The activity is outside SVG,
• Proper substance and compliance are ensured.

IBC = classic corporate structure.
LLC = flexible, ideal for investment and joint ventures.

Interested in forming a company in SVG? Contact us for tailored solutions.