Saint Vincent and the Grenadines
Is a promising area for the development of profitable activities on an international scale.
Attention should be paid to the local law on international business companies (The International Business Companies Act, 1996), this document provides for the registration of such types of legal entities as companies with limited or unlimited liability.
Another advantage is that local international business companies are guaranteed the opportunity to obtain a certificate of tax exemption for 25 years, for which they only have to pay an annual fee.
Let’s highlight the main advantages for non-resident companies:
-Confidentiality. The personal data of the owners of firms are protected by law and are not subject to disclosure.
nominal service. It is allowed to employ resident corporate representatives, directors and shareholders.
-Lack of state currency control.
-Exemption from mandatory audits, record keeping and reporting.
-Zero income tax rate.