Montserrat
Montserrat: 4 company types, its taxes, banking and business environment.
Forming a company
Company types in Montserrat
The 4 forms a founder can choose here, each with its own figures. Open one for its sources.
Doing business here
Business accounts
Providers whose own published list of countries names Montserrat. A listing means a company formed here may apply, not that it will be accepted.
Not in our records No provider's country list has been read for Montserrat.
EU listings
Two lists a bank checks when it opens an account for a company or its owner.
- EU high-risk third countries (AML)
- Not listed
- EU non-cooperative jurisdictions for tax purposes
- Not listedOfficial EUR-Lex, 52026XG01465, Annex I as of 2026-02-17
Official sites
The authorities’ own sites for Montserrat: where to register, file and check.
Blocs and agreements
The trade arrangements Montserrat belongs to, as each arrangement’s own texts state them: since when, and what each covers. What a membership means for a business is for you to judge.
Montserrat’s own position
- Customs territory
- Its own (Montserrat)
Quote
There is hereby levied upon all goods imported into Montserrat for the purpose of consumption in Montserrat, Customs Duties at the rate specified in subsection (2).
- VAT territory
- Not in our records
- OECS Economic Union
- Inside
Montserrat is one of the seven Protocol Member States of the OECS Economic Union; OECS table gives treaty membership 18 June 1981 and Revised Treaty 18 June 2010.
Quote
The ECEU was established on June 18th, 2010, through the signing of the Revised Treaty of Basseterre (RTB).
- CARICOM Single Market and Economy
- In part
Full member of CARICOM; participates in elements of the CSME but has not yet acceded to the Revised Treaty and related agreements (CARICOM).
Quote
Montserrat, a British Dependency who is a full Member of CARICOM, participates in elements of the CSME. It, however, has not yet acceded to the Revised Treaty and related agreements.
- EU–UK Trade and Cooperation Agreement
- Outside
Montserrat is named among the overseas territories to which the EU-UK Trade and Cooperation Agreement does not apply (art. 774(4)).
Quote
This Agreement does not apply to the overseas territories having special relations with the United Kingdom: Anguilla; Bermuda; British Antarctic Territory; British Indian Ocean Territory; British Virgin Islands; Cayman Islands; Falkland Islands; Montserrat;
In regional arrangements
- CARICOM Single Market and Economy
- Single market · provisional
Covers goods, services, establishment, capital, movement of people, a common external tariff. CARICOM states Montserrat is a full Member of CARICOM that participates in elements of the CSME but has not yet acceded to the Revised Treaty and related agreements; no date stated.
Quote
It, however, has not yet acceded to the Revised Treaty and related agreements. The Bahamas does not participate in the CSME.
- OECS Economic Union
- Economic union
Covers goods, services, establishment, capital, movement of people, a common external tariff.
Quote
The British Virgin Islands, Anguilla, Martinique, Guadeloupe and Saint Martin are associate members of the OECS.
Regional and customs arrangements only, 36 of them; bilateral trade agreements are not yet in our records.
Tax
Company tax
Tax, and what the company owes the registry each year.
- Corporate income tax
- 30%
- Distributions
- Not in our records
- Audit
- Not in our records
- Small-company relief
- Not in our records
- Annual obligations
- Not in our records
- Annual registry fee
- XCD 200Official The registry or ministry page as of 2026-10-15
Quote
5. For filing an annual return on or 200.00 before 1 April each year under section 106(3) of the Act
VAT
The tax on what the company sells in Montserrat, and when it must register, as the tax authority states it.
- Standard rate
- Not in our recordsThe tax authority’s pages have not been read for Montserrat.
Tax calendar
When the main returns and payments fall due in Montserrat, tax year 2025, as the tax authority states it.
- Corporate tax return
- 31 March · each year
The return is due 31 March; a different balance date must be applied for in writing.
Quote
You must send in your tax return by 31 st March.
- Corporate tax, final payment
- 30 June · each year
Any tax payable for a business is due by 30 June.
Quote
Any tax payable is due by 30 th June.
- Corporate tax, instalments
- Stated; see the note
Provisional tax is paid in three instalments during the year, in February, April and June. The page gives the months but not the day of the month, so the rule carries the months only.
- Personal income-tax return
- 31 March · each year
The individual return is due 31 March where any income is from a source other than employment; where the whole income is from employment the date is 31 January following the income year.
Quote
31st March following the income year the income was received if part or all of your income was from any source other than from employment.
- Personal income tax, final payment
- 30 June · each year
Tax is payable on or before 30 June in the year of assessment or within forty-five days of service of the notice of assessment, whichever is later (Income and Corporation Tax Act, s 50(1)). Revision date of the Act: 1 Jan 2025.
Quote
tax shall be payable on or before the thirtieth day of June in the year of assessment or within forty-five days of the date of service of the notice of assessment, whichever shall be the later date.
- Personal income tax, instalments
- Stated; see the note
Provisional tax is paid in three instalments in February, April and June; the page gives no day of the month, so the rule carries the months only.
- VAT return
- Not levied here
Montserrat levies no VAT or GST. Its indirect tax is the Consumption Tax under the Customs Duties and Consumption Tax Act, and the Inland Revenue Department lists its direct taxes as income tax, company tax, withholding tax, property tax and the insurance company levy (https://mcrs.ms/inland-revenue/). No VAT return exists.
- Payroll withholding
- Day 15 of the following month · each month
Within the first fifteen days of each month the employer pays the Accountant General the tax deducted in the preceding month (Income Tax (Employment) Rules, r 11, printed with the Income and Corporation Tax Act, Cap. 17.01; Act s 51). Where an employer ceases business the tax is due within seven days of the last payment of emoluments.
Quote
Within the first fifteen days of every month, every employer will pay to the Accountant General the total amount of tax deducted by him in accordance with these Rules during the immediately preceding month:
Running the company
Running a company here
Not in our records The authorities’ pages on running a company have not been read for Montserrat yet.
Economy and trade
What it exports
Goods Montserrat exported, by product, as a share of its goods exports each year. Exports include goods passing through for re-export. A share describes Montserrat’s own trade; it does not compare places.
| Product (HS heading) | 2022 | 2023 | 2024 | Value, 2024 |
|---|---|---|---|---|
| Automatic data-processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included HS 8471 | 0.32% | 0.45% | 33.1% | US$3 m |
| Telephone sets, including smartphones and other telephones for cellular networks or for other wireless networks; other apparatus for the transmission or reception of voice, images or other data, including apparatus for communication in a wired or wireless network (such as a local or wide area network), other than transmission or reception apparatus of heading 8443, 8525, 8527 or 8528 HS 8517 | 2.7% | 2.3% | 24.8% | US$3 m |
| Natural sands of all kinds, whether or not coloured, other than metal-bearing sands of Chapter 26 HS 2505 | 20.1% | 19.8% | 6.4% | US$1 m |
| Electrical machines and apparatus, having individual functions, not specified or included elsewhere in this chapter HS 8543 | 1.1% | under 0.05% | 4.6% | US$0 m |
| Insulated (including enamelled or anodised) wire, cable (including coaxial cable) and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors HS 8544 | 0.81% | 7.1% | 2.7% | US$0 m |
| Compression-ignition internal combustion piston engines (diesel or semi-diesel engines) HS 8408 | under 0.05% | under 0.05% | 2.2% | US$0 m |
| Pumps for liquids, whether or not fitted with a measuring device; liquid elevators HS 8413 | 3.5% | 0.28% | 2.2% | US$0 m |
| Electrical transformers, static converters (for example, rectifiers) and inductors HS 8504 | 0.28% | 0.58% | 2.2% | US$0 m |
| Measuring or checking instruments, appliances and machines, not specified or included elsewhere in this chapter; profile projectors HS 9031 | 0.06% | under 0.05% | 1.8% | US$0 m |
| Cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes HS 2402 | under 0.05% | under 0.05% | 1.6% | US$0 m |
Total goods exports, 2024: US$11 m. The ten largest headings are shown.