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Incorporate in Saint Vincent & The Grenadines
$1,600.00
Establishing a company in St Vincent and the Grenadines
Saint Vincent and the Grenadines (SVG), an independent Caribbean nation, has positioned itself as a competitive jurisdiction for international business structuring, offering both Business Companies (BCs) and Limited Liability Companies (LLCs). Known for its political stability and adherence to the rule of law, SVG provides a favorable legal and regulatory environment for cross-border operations and asset management.
Business Companies (BCs) in SVG are governed by the Business Companies (Amendment and Consolidation) Act. These entities are limited by shares and are comparable to corporations in the U.S. or limited companies in the U.K. The incorporation process is straightforward, with no minimum capital requirements and the option to form a company with just one shareholder and one director, who may be individuals or legal entities of any nationality.
BCs can issue registered shares, with or without par value, and assign varying rights to shareholders as defined in the Articles of Incorporation. While BCs are required to appoint a registered agent and maintain a registered office within SVG, they are allowed to conduct operations globally and maintain records outside the jurisdiction. However, basic corporate information—such as the names of shareholders and directors—must be filed with the Registrar, forming part of the public record. This transparency aligns SVG with international standards on corporate disclosure.
Under SVG’s territorial tax system, only income sourced within the country is subject to the 30% corporate tax rate. Income earned from outside SVG is exempt from local taxation. Despite this exemption, all BCs must file an annual tax return and submit financial statements. Entities earning less than XCD 4 million annually or with assets under XCD 2 million may opt for a simplified declaration of solvency instead of full accounts.
BCs must also comply with economic substance requirements if they are involved in activities considered high-risk for tax base erosion. These include sectors such as banking, insurance, shipping, fund management, intellectual property, and holding companies. Companies in these categories must demonstrate local business activity—such as physical office space, qualified staff, and in-country decision-making—and must file an annual substance declaration.
In contrast, Limited Liability Companies (LLCs) in SVG, established under the Limited Liability Companies Act of 2008, provide a highly flexible alternative for international structuring. Unlike BCs, LLCs operate without issuing shares, using membership interests instead. They offer a hybrid structure that blends elements of partnerships and corporations, delivering personal liability protection while maintaining operational agility.
An SVG LLC can be formed with a single member and does not require directors, secretaries, or annual meetings. Governance is determined solely by the LLC Agreement, a private contract among members, allowing for full customization of voting rights, profit distribution, and management responsibilities. Management can be retained by members or assigned to appointed managers, whose fiduciary duties may be limited or waived entirely by agreement.
A significant advantage of SVG LLCs is their complete exemption from local taxation, provided they do not engage in domestic commerce, or own local property without a license. The LLC receives a certificate of exemption from corporate taxes, income tax, and import duties. Moreover, LLCs are not subject to economic substance laws or mandatory financial filings, greatly reducing administrative overhead.
In terms of confidentiality, LLCs enjoy a higher degree of privacy than BCs. Details of members and managers are not filed in any public registry. There is no requirement for filing tax returns, annual financial statements, or compliance reports. However, LLCs must retain a registered agent and office in SVG, pay an annual government fee, and maintain internal records of financial transactions.
Asset protection is another hallmark of SVG LLCs. If a member is personally sued, a creditor’s sole remedy is a charging order over that member’s economic interest—preventing any seizure of the LLC’s assets or influence over its management. This feature strengthens SVG’s appeal as a destination for asset protection and estate planning.
In summary, SVG offers two distinct corporate structures tailored to different needs. BCs suit entities requiring public recognition, access to tax treaties, and the ability to engage in regulated activities, albeit with greater compliance demands. LLCs, on the other hand, offer unparalleled privacy, tax neutrality, and structural flexibility for international entrepreneurs seeking a low-maintenance, confidential business vehicle. Together, these options make Saint Vincent and the Grenadines an attractive jurisdiction for diverse global business strategies.
The foundational document package confirming the Business Company’s establishment and outlining its operational structure, includes:
- Certificate of Incorporation
- Articles of Incorporation
- Bylaws
- Certificate of Exemption from Import Duties
- Director Consent Letter
- Resolutions of the Incorporator appointing the First Directors
- Subscription Agreement
- First Resolutions of the Directors
- Register of Shareholders
- Register of Directors
- Notice of Directors/Shareholders
- Share Certificates
The foundational document package confirming the LLC’s establishment and outlining its operational structure, includes:
- Certificate of Formation
- Articles of Formation
- LLC Operating Agreement
- Certificate of Exemption from Taxes
- Certificate of Exemption from Import Duties
- First Resolutions of the Manager
- Manager Consent Letter
- Register of Members
- Register of Managers and Officers
- Membership Certificates
Learn more about companies in Saint Vincent & The Grenadines:
- Saint Vincent Business Company Legal Structure & Taxation Report
- Saint Vincent LLC Legal Structure & Taxation Report
In Saint Vincent and The Grenadines, the two most common corporate structures are the Business Company (previously, International Business Company or IBC), incorporated under the Business Companies (Amendment and Consolidation) Act (previously, the International Business Companies Act), and the Limited Liability Company (LLC), registered under the Limited Liability Companies Act.
Saint Vincent and the Grenadines Company (BC/LLC) Formation Services – USD 1,600.00 (All Included)
Note that our incorporation and annual corporate service fees are “all-included fees”, and cover all the required services to incorporate a Saint Vincent and the Grenadines Company, and keep it in good standing, as well as government fees and duties, disbursements such as courier fees.
Saint Vincent and The Grenadines Limited Liability Company (LLC)
- All applicable Registration and Government Fees (Registrar of Companies, SVG Financial Services Authority)
- Acting as the Organizer of the Limited Liability Company
- Preparing the Articles of Organization, and filing them with the Registrar
- Preparing the company Operating Agreement (including unlimited reviews)
- Preparing and executing designation and acceptance of Registered Agent
- Preparing the Organizational Meeting Minutes
- Preparing the Managers’ Consent Letter
- Providing the Certificate of Formation and Stamped Articles of Formation
- Providing the Certificate of Exemption from Direct Taxes, and the Certificate of Exemption from Import Duties
- Preparing the Register of Members and Register of Officers
- Preparing the Ownership Certificates
- Provision of Registered Agent Services
- Provision of Registered Office Services, including registered address
- Delivering the Corporate Documents via Courier, inclusive of Courier fees
Saint Vincent and The Grenadines Business Company (BC)
- All applicable Registration and Government Fees (Registrar of Companies, SVG Financial Services Authority)
- Acting as the Incorporator of the Business Company
- Preparing Articles of Incorporation, and filing them with the Registrar of Companies
- Preparing the company Bylaws, and executing them as the Incorporator
- Preparing the Incorporation and Organizational Meeting Minutes
- Preparing the Directors’ Consent Letter and Resolution for the appointment of the First Director(s)
- Providing the Certificate of Incorporation and Stamped Articles of Incorporation
- Providing the Certificate of Exemption from Import Duties
- Preparing the Register of Shareholders and Register of Directors
- Preparing the Share Certificates
- Provision of Registered Agent Services
- Provision of Registered Office Services, including registered address
- Delivering the Corporate Documents via Courier, inclusive of Courier fees
Time to form
The process begins with the preparation of the required constitutional documents, which can be completed within one day. For Business Companies (BCs), this includes drafting the Articles of Incorporation and Bylaws, while for Limited Liability Companies (LLCs), the Articles of Formation are prepared. Once these documents are finalized, they are submitted to the Registrar of Companies, and the incorporation is generally completed within 3 to 5 business days. Upon incorporation, a certificate of incorporation (for BCs) or certificate of formation (for LLCs) is issued. Post-incorporation formalities are then handled, including key governance documents such as the resolution appointing the first director, director consent letters, and registers of members and directors for BCs. For LLCs, this includes the LLC Agreement, manager resolutions, consent letters, and registers of members and officers. These documents ensure the company is fully organized and ready to commence operations.
Nominee Services (Optional)
- Nominee Director/Manager (Corporation) – USD 1,100.00 per annum
- Nominee Shareholder/Member (Corporation), including a Deed of Trust – USD 1,100.00 per annum
*If an Apostilled and Notarized General Power Of Attorney to be designated as attorney-in-fact is required, there is an additional one-time fee of USD 350.00 (Optional)
Bank Account Opening Services (Optional)
We can assist you in open bank accounts for companies in the following offshore jurisdictions:
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Andorra Bank Account - USD $ 1,200.00
Andorra Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsMORABANCUSD 500,000YesUSD, EUR, CHF, CAD, AUD, SEK, NOK, NZDYesPrivate Bank with focus on wealth management. If they open a corporate account for an active company, they would need that either the account has a substantial amount on the account, or that the UBO himself opens an account for wealth management.Credit Andorra (Creand)EUR 300,000NoEURYesMinimum Initial Deposit requirements for countries outside of the European Union is EUR 1,000,000 or equivalent. -
Antigua Bank Account - USD $ 300.00
Antigua Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsDBankUSD 10,000YesUSD, EURYesIn Euros they processes only via SEPA. In dollars at the moment only with correspondents in the US, through FEDWIRE (not ACH at the moment). Cash Secured Visa Credit Card available.Global Bank of CommerceUSD 25,000YesUSD, EUR, GBPYesCash Secured Visa Credit CardNorth International BankUSD 5,000YesUSD, EURYesUnionPay Cards work without inconvenience in the USA.
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Armenia Bank Account - USD $ 1,200.00
Armenia Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsOJSC UnibankUSD 50,000YesEUR, USD, RUB, AMDYesBusiness connection to Armenia is required. The annual outgoing turnover of the client should be at least 10 mln USD per year. The annual number of outgoing transfers should be at least 60 per year. Note that the banks considers smaller companies is well on case-by-case basis, but they could charges additional fees.
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Bahamas Bank Account - USD $ 500.00
Bahamas Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCapital Union BankUSD 1,000,000NoUSDYesFamily Offices, Fund Managers and Asset Managers only.CIBC FirstCaribbean International BankUSD 100,000YesMulticurrencyYesOnly companies registered in the Bahamas. Economic substance required.CitibankUSD 10,000,000NoMulticurrencyYesPrimary focus with physical presence in Bahamas. Business interest in the Bahamas. The company needs to have been in existence for a minimum of 3 years.DeltecUSD 1,000,000YesMulticurrencyYesCredit Card available on a case by case basis.EFG BankUSD 1,000,000YesMulticurrencyYesRemote account opening is possible, but the bank will visit the client within first year after opening.Equity BankUSD 500,000YesUSD, EURYesPrepaid debit card available.
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Belize Bank Account - USD $ 300.00
Belize Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBelize Bank InternationalUSD 4,000NoEUR, GBP, USDYesCaye BankUSD 1,000YesUSD, EUR, GBP, CAD, CHF, AUD, AED, CNY, SEK, NOKYesPrepaid Visa cards available.Heritage BankUSD 3,000YesMulticurrencyYes
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BVI Bank Account - USD $ 900.00
BVI Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBVI Bank AccountUSD 20,000NoUSD, GBP, HKDYesBank of Asia does not onboard corporations who have a connection in US and Russia.VP BankUSD 500,000NoMulticurrencyYesVP Bank offers services to local BVI residents as well as international clients who have BVI companies, trusts or fund structures. It is primarily focused on financing, investment management, custodial and securities trading accounts. No Commercial Activity, only for asset management business.
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Cayman Islands Bank Account - USD $ 900.00
Cayman Islands Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCayman National BankUSD 250,000YesUSD, EUR, GBP, CAD, AUD, JPY, SEK, CHFYesCIBC FirstCaribbean International BankUSD 25,000YesUSD, CAD, CHF, EUR, GBP, JPY, AUDYesNCB Cayman LimitedUSD 100,000YesUSD, EUR, CAD, GBP, AUD, MulticurrencyYesNCB Cayman Bank offers trading, private and investment bank accounts
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Cook Islands Bank Account - USD $ 600.00
Cook Islands Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCapital Security BankUSD 250,000YesUSD, EUR, GBP, CAD, NZD, AUD, SGD, HKDYesClients can have a corporate account for operational purposes only if they open an investment account as well.
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Curaçao Bank Account - USD $ 500.00
Curaçao Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsExprinter International Bank N.V.USD 100,000NoMulticurrencyYesInternet Banking only for viewing the account, not for operatingUnited International BankN/AYesMulticurrencyYes
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Cyprus Bank Account - USD $ 1,200.00
Cyprus Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank of CyprusN/AYesMulticurrencyYesSupports large Cypriot and international groups, preferably operating from Cyprus and international companies in their expansion and operations in Cyprus.
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Dominica Bank Account - USD $ 300.00
Dominica Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsDominica Bank AccountUSD 15,000YesUSD, EUR, GBP, CHFYesEqiBankUSD 15,000YesUSD, EUR, GBPYesJetonbankN/ANoMulticurrencyYesSWIFT transactions are carried out only through a pool account in the name of the bank.Dominica Bank AccountN/ANoMulticurrencyYesThe Kingdom BankN/ANoEUR, USDYesSWIFT transactions are carried out only through a pool account in the name of the bank.
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Gibraltar Bank Account - USD $ 1,200.00
Gibraltar Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsGibraltar Bank AccountUSD 20,000YesUSD, EUR, GBPYesFor wealth management and brokerage accounts minimum relationships start from USD 250,000. Cards are dependent on jurisdictions.
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Hong Kong Bank Account - USD $ 1,400.00
Hong Kong Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank of ChinaHKD 100,000YesMulticurrencyNoA business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.DBS BankHKD 200,000YesHKD, USD, MulticurrencyNoA business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.
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Isle of Man Bank Account - USD $ 1,200.00
Isle of Man Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsIsle of Man Bank AccountN/ANoUSD, AUD, EUR, CZK, DKK, HUF, SGD, JPY, NOK, GBP, ZAR, ILS, NZD, PLN, CHF, SEK, CAD, BGNYes
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Labuan Bank Account - USD $ 500.00
Labuan Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsLabuan Bank AccountUSD 10,000NoUSD, JPY, SGD, EUR, GBPYesFor businesses operating offshore or non-resident companies seeking to establish corporate banking relationships in Labuan, we collaborate with a mid-size financial institution renowned for its expertise in serving international clientele. With decades of industry experience, this bank has positioned itself as a key player in supporting global businesses across a variety of sectors. This bank welcomes companies incorporated in numerous offshore jurisdictions without the stricter requirements, such as business nexus in the South Asia - East Asia regions, unlike larger institutions within Labuan. Catering to a diverse range of industries, the bank is well-versed in supporting investment and asset holding companies, as well as businesses engaged in sectors such as trade, professional services, e-commerce, among others. Whether you operate in consultancy, marketing or international trade, this bank offers tailored services to meet your corporate banking needs. Their corporate accounts are available in various major currencies, such as USD, JPY, SGD, EUR and GBP and the bank supports SWIFT transactions. Transactions will be carried out with the assistance of a dedicated personal relationship manager. In addition to traditional banking services, the bank also offers Islamic banking options, including Shariah-compliant investment products and Islamic trade financing solutions. Minimum relationships start from USD 10,000. The account opening process can be handled entirely remotely, eliminating the need for travel to Labuan. We will guide you through the preparation of the necessary KYC documentation and provide comprehensive support to ensure a seamless and efficient bank account application process. If you are interested in opening a corporate bank account in Labuan, contact us today to assess your eligibility and initiate the account opening process!CitibankUSD 250,000NoMulticurrencyYesMayBank International Labuan BranchUSD 25,000NoUSD, EUR, CAD, CHF, GBP, HKD, SGD, JPY, THB, AEDYesThey focus more on Labuan incorporated entities.
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Liechtenstein Bank Account - USD $ 1,200.00
Liechtenstein Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBendura BankUSD 500,000NoMulticurrencyYesEvery active NFE needs to have a substance.
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Mauritius Bank Account - USD $ 600.00
Mauritius Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank OneUSD 50,000NoMulticurrencyYesInvestecUSD 50,000YesMulticurrencyYes
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Nevis Bank Account - USD $ 300.00
Nevis Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBONIUSD 20,000NoUSD, EUR, GBPYesHamilton Reserve BankUSD 100,000NoUSD, EUR, GBP, CHF, AUD, CAD, AED, JPY, SGD, HKDYesNevis Bank AccountUSD 25,000NoMulticurrencyYesNevis Bank AccountUSD 10,000NoUSDYes
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Panama Bank Account - USD $ 1,200.00
Panama Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsPanama Bank AccountUSD 50,000YesUSD, EUR, CADYesPanama Bank AccountUSD 10,000YesUSD, EUR, CHF, GBP, CADYesPanama Bank AccountUSD 1,000NoUSDYesAccounts can be opened remotely on case-by-case basis.
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Puerto Rico Bank Account - USD $ 300.00
Puerto Rico Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsPuerto Rico Bank AccountN/ANoMulticurrencyYesCB International Bank LLCN/AYesUSD, HKD, AUD, CAD, CHF, CNY, DKK, EUR, GBP, JPY, NOK, NZD, SEK, SGD, TRL, XAF, ZARYesUnionpay Merchant service for clients.Elite International BankUSD 25,000NoUSDYesTheir main focus is on commercial type, trade finance.Medici BankUSD 10,000NoMulticurrencyYesStrategic BankUSD 150,000NoUSDYes
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Saint Lucia Bank Account - USD $ 300.00
Saint Lucia Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsPROVEN BANK (Former BOSLIL)USD 5,000YesUSD, EUR, GBP, HKD, Multicurrency, CAD, CHF, AED, AUD, NZD, NOK, SEK, THB, JPY, ZARYes
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Seychelles Bank Account - USD $ 500.00
Seychelles Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsAl SalamUSD 25,000NoUSDYesInternet banking is in view mode only, all transactions are carried out via email or by phone.
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Singapore Bank Account - USD $ 900.00
Singapore Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank of ChinaSGD 100,000NoUSD, SGD, EUR, GBP, NZD, RMB, AUD, JPY, HKD, CHF, CADYesNexus in the form of client/supplier/partner/contractor in Singapore required.Credit SuisseUSD 3,000,000NoUSD, SGDYesDBS BankSGD 250,000NoMulticurrencyNoNexus in the form of client/supplier/partner/contractor in Singapore required.HSBCSGD/USD 30,000NoSGD, AUD, CAD, RMB, EUR, HKD, JPY, NZD, GBP, USDYesNexus in the form of client/supplier/partner/contractor in Singapore required.RHBSGD/USD 30,000NoMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.OCBC BankUSD 30,000NoUSD, SGD, AUD, CAD, HKD, NZD, GBP, EUR, JPY, CHFYesNexus in the form of client/supplier/partner/contractor in Singapore required.UOB BankSGD 250,000NoMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.
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Switzerland Bank Account - USD $ 1,200.00
Switzerland Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsAmina BankCHF 500,000YesEUR, GBP, CHF, CAD, AUD, JPY, SGD, PLN, HKD, NOK, SEK, ILS, MXN, DKK, TRL, NZD, AEDYesAmina Bank does not open accounts with a pure transactional business nexus.Credit SuisseCHF 1,000,000YesMulticurrencyYesMaerki BaumannCHF 500,000YesMulticurrencyYesmBaer BankCHF 5,000YesMulticurrencyYesCompanies must have an expected turnover of at least CHF 3,000,000.SygnumCHF 3,000,000YesMulticurrencyYesDeposit must be maintained in crypto assets held through the bank's custody services. Minimum Average Balance for high risk jurisdictions should be 1-2Mio CHF.
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USA Bank Account - USD $ 1,400.00
USA Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsUSA Bank AccountUSD 100,000NoUSDYesmin deposit USD 100k and more AND/OR with revenues of USD 1MUSA Bank Accountfrom 10,000 but preferred 250K-300KYesUSD, MulticurrencyYesThey tend to focus more on technology/startup companies that are focused on growing and scaling through future equity raises and subsequent debt facilities.USA Bank AccountUSD 5,000YesUSDYesDebit cards can be delivered to overseas address, however, credit card could ONLY be delivered to a USA physical address (non-PO box).Metropolitan Commercial BankTypically USD 25,000 - USD 50,000, for high risk USD 500,000YesUSDYesAt least one US based signatory is required. Purpose to open an account in US is required.USA Bank AccountN/A (USD 250,000 preferred)NoUSDYes
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Vanuatu Bank Account - USD $ 500.00
Vanuatu Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsPacific Private Bank1,500 EURNoEUR, GBP, USDYesOutgoing USD transactions cannot be facilitated.
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EMI Account - USD $ 300.00
EMI AccountsEMIMin DepositCardsCurrenciesRemoteDNBC (CA) (former DSBC)N/ANoEUR, CAD, GBP, CHF, HKDYesSepagaN/AYesMulticurrencyYesAirwallexN/AYesMulticurrencyYesCurrenxieN/AYesMulticurrencyYesStatrysN/AYesMulticurrencyYesCollect & PayDepending on category.NoMulticurrencyYesBankeraN/AYesEURYesConnect PayN/AYesMulticurrencyYesDNBC (former DSBC)N/ANoEUR, CAD, GBP, CHF, HKDYesGurupayN/ANoEURYesIBSettleN/ANoEURYesMistertangoN/AYesEURYesNEXPAYN/ANoMulticurrencyYesPayswixN/ANoMulticurrencyYesSettleDeskN/ANoEURYesValyuzN/ANoEUR, USD, GBP, SEK, JPY, HKDYesVerifoN/ANoEURYesVialetN/AYesEURYes3SMoneyN/ANoMulticurrencyYesAspireN/AYesSGD, USDYesWorldfirstN/ANoMulticurrencyYesBilderlingsN/AYesEUR, GBPYesBVNKN/ANoMulticurrencyYesEQUALS MoneyN/AYesMulticurrencyYesIFXN/ANoMulticurrencyYesInterpolitan MoneyDepending on category.NoEUR, GBPYesMontifyN/ANoMulticurrencyYesMultiPassN/ANoEUR, USD, GBPYesPaysetN/ANoMulticurrencyYesTRANSFERRAN/AYesMulticurrencyYesXaceN/AYesMulticurrencyYes
Our bank account opening service is not just a mere introduction to the bank. We assist you in filling out the business plan forms appropriately and help you understand and provide business details, commercial information, and purpose/use of the bank account that a given bank wants to know in order to approve your account application.
Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.
Saint Vincent and the Grenadines Company (BC/LLC) Annual Corporate Services and Government Fees – USD 850.00 (payable every December)
- All Applicable Annual Government Fees
- Maintaining the Minute Book, Registers and Statutory Records
- Registered Agent Service for the calendar year
- Registered Office Service for calendar year
Other Services (Optional)
- Formation of Series-LLC
- Establishment of Trusts, and provision of Trustee Services
- Continuation of Foreign Companies
- Secretarial Services
- Accounting Services
Please, contact us for further information.