St Vincent & the Grenadines Company Formation FAQ

Yes. St Vincent Business Companies and LLCs are generally owned by non-residents, subject to the registered agent's KYC and due-diligence checks.

No. St Vincent applies activity-based taxation, and there is no automatic tax-free status. Companies within the domestic tax net are generally subject to corporate income tax at 28%, and VAT at 16% can apply to local supplies. Tax may arise where owners or activities are located. This should be reviewed.

There is generally no residency requirement for directors or members, though proper records must be maintained and a licensed registered agent and registered office are required.

Often, yes. Much of the process can be completed remotely through the registered agent once identity checks and documents are in order.

Companies carrying on certain relevant activities may have economic-substance obligations, including local presence and reporting. Whether this applies depends on the company's activities and should be assessed.

A corporate account is common in practice but not a strict incorporation requirement. Account opening is a separate process with its own checks and provider acceptance.

Yes. A corporate participant, including a foreign company, can own a St Vincent BC or LLC. Its constitutional documents and beneficial owners will be needed for KYC.

No. Banking, insurance, forex, fund, fiduciary and similar activities require separate licensing or registration. Incorporation alone does not authorise regulated business.

Yes. St Vincent BCs and LLCs are commonly used for holding and structuring. The overall tax result depends on activities and where owners are located, and should be reviewed.

For individuals, generally a passport, proof of address, business-activity and source-of-funds information and tax-residency details. For corporate participants, incorporation and constitutional documents, registers, an ownership chart and beneficial-ownership information.