Business Company (formerly international business company) LtdSt. Vincent & Grenadines
What it takes to form, own and run a private limited company in St. Vincent & Grenadines, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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(ii) the authorised capital, if any, of the company expressed in the denominated currency, and setting forth the aggregate par value of all shares with par value that the company is authorised to issue
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shall not be subject to any corporate tax, income tax, withholding tax, capital gains tax or other like taxes based upon or measured by assets or income originating outside the State
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Not stated
The registry’s and the law’s own pages do not mention it.
What it takes to form
- A notary
- Not required
- A resident director
- Not required
- Paying up the capital
- Subject to contrary provision in its articles or by-laws, no share may be issued until the consideration is fully paid, and a share so issued is fully paid and non-assessable (Cap. 149 s.37); subject to its articles and by-laws, a company may issue partly paid and nil paid shares (s.26(3)).
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Subject to any contrary provision in its articles or by-laws, no share in a company incorporated under this Act may be issued until the consideration in respect of the share is fully paid, and when issued the share is for all purposes fully paid and non-assessable.
Own it
Who may own and run it
- Directors
- At least 1 · none need live there · a company may be one
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May have only one director and one shareholder
- Shareholders
- At least 1 · a company may be one
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May have only one director and one shareholder
- Members
- At least 1 · one person may form it alone
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May have only one director and one shareholder
- A local company secretary
- Not required
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There is no residency or nationality requirement for shareholders, directors and/or officers of a St. Vincent and the Grenadines registered Business Company.
- A local registered agent
- Required
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An international business company shall at all times have a registered agent in the State.
Each year, at the registry
- Annual registry fee
- USD 100 (about €87)
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Annual Fee $100.00
- Accounts on the public record
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit for a small company
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
- Obtain a Tax Identification Number
- Stated; see the note
With Inland Revenue Department
Stated as 'upon incorporation'; no day count on the page.
What is public
Not in our records What the register shows the public is not in our records for the Ltd.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Varies
Cap. 149 s.180(1) (as hosted by the FSA): exempt from tax on income originating outside the State; s.180(2): may irrevocably elect in its articles to pay income tax at 1% on annual gains and profits. The FSA page says Business Companies are eligible to taxation on income earned in St Vincent and the Grenadines; the Inland Revenue Department gives 28% as the corporate income tax rate for incorporated companies. No page states a rate for a Business Company's SVG-source income.
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shall not be subject to any corporate tax, income tax, withholding tax, capital gains tax or other like taxes based upon or measured by assets or income originating outside the State
- CFC rules in St. Vincent & Grenadines
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
Not in our records Route, Statutory fee: none of these is in our records for the Ltd.
Every business in St. Vincent & Grenadines
VAT
- Standard rate
- Not in our recordsThe tax authority’s pages have not been read for St. Vincent & Grenadines.
Payment and banking services
None of the services whose lists we hold names St. Vincent & Grenadines. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Private limited companyDerived our grouping, the same words in every country
- Name in law
- Business Company (formerly international business company) (Ltd)
- ISO 20275 code
- 5EKESecondary GLEIF, Entity Legal Forms code list