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IBC FORMATION ST. VINCENT AND THE GRENADINES

SVG IBC

The Grenadines are enchanted, idyllic islands scattered down the Eastern Caribbean from St. Vincent in the north to Grenada in the south, approximately 1600 miles southeast of Miami. Each island is very individual in style and appeal although all are unspoiled with irresistible white sand beaches, warm clear seas and remoteness from the pressures of life. Discovered by Columbus in 1498, this multi-island state belonging to the British Commonwealth became independent on October 27, 1979. The main city and financial center, Kingstown, is situated on St. Vincent Island.


Saint Vincent and the Grenadines is an independent nation. It is a full member of the British Commonwealth, the United Nations, the Organisation of American States, the International Labour Organisation, Caricom, and the Organisation of Eastern Caribbean States.

Advantages of an IBC in St. Vincent and the Grenadines

  • Only needs one director, who may be an individual or a corporation
  • IBC’s are exempt from tax and stamp duties for twenty years from incorporation.
  • An IBC is not required to file any annual returns with the government of St. Vincent and the Grenadines
  • May be administered from any place in the world
  • Its books, records and seal may be kept outside of St. Vincent and the Grenadines.
  • May issue shares with qualifications rights, privileges, limitations and restrictions and in one or more currencies
  • Registered or Bearer Shares are available.
    • All certificates, seals and resolutions are optionally available for your IBC.
  • Limited liability of shareholders.
  • No annual external audit is required for an IBC in SVG and financial statements are not required to be published.
  • No fixed limit on the amount of authorized capital subject to a minimum of USD 1.00.
  • No investment restrictions except that an IBC currently cannot purchase real property in St. Vincent and the Grenadines.
  • No restrictions on borrowing or distribution of dividends except those provided in the Articles of Incorporation.
  • No restrictions on percentage or ownership of shares.
  • Non-resident IBC shareholders are exempt from all income taxes, capital gains taxes and corporate taxes in St.
  • Vincent and the Grenadines Share capital may be expressed in any currency although usually the US Dollar is used.
IBC Fees
Description Amount USD Amount EUR
Incorporating Total Fees First Year* 670 495
Courier of Documents to any destination 80 60
Total 750 555
Standard Shelf Company registered in 2011 1250 890
IBC Renewal Fee 350 260
Late Penalty Fee per month (renewals fees to be settled by 15 of Jan of each year) 25 20
*Incorporation for the first year includes:
  • Certificate of Incorporation
  • Certificate of Exemption from Direct Taxes
  • Certificate of Exemption from Import Duties
  • Articles of Incorporation
  • By-Laws
  • Share Certificate
  • Resolution of the Directors

Hybrid Company Fees
Description Amount USD Amount EUR
Incorporating Total Fees First Year* 720 510
Courier of Documents to any destination 80 60
Total 800 570
IBC Renewal Fee 400 285
Late Penalty Fee per month (renewals fees to be settled by 15 of Jan of each year) 25 20