St. Vincent

Learn more about St. Vincent International Business Company.

Saint Vincent and the Grenadines, also known as St. Vincent, is located on the eastern border of the Caribbean. It is an island country in the Lesser Antilles Island arc, southern portion of the Windward Islands.

St. Vincent is 150 square miles in land mass, consisting of the main island Saint Vincent and series of small islands called Grenadines. It is surrounded by Saint Lucia to the north and Barbados to the east. The official language and spoken language is English. The official currency is the Eastern Caribbean Dollar (EC$) with US dollar widely used on the islands.

Economy & Infrastructure

Heavily populated, St. Vincent is home to 120,000 people of diverse ethnicity. Lower-middle income class depend heavily on agriculture, in particular, bananas. However, growing tourism and offshore finance sector contribute to a growing economy. Daily air connections are also available between the islands and the United States.

Law & Government

St. Vincent has French and British colonial history and is now a member of British Commonwealth, declaring independence in 1979. St. Vincent is a parliamentary democracy and constitutional monarchy with a House of Assembly, appointed Governor General and an elected Prime Minister. Cabinet led by the Prime Minister vests legislative power within the country. St Vincent’s parliamentary and legal system is based on the English Common Law. As Commonwealth, St. Vincent provides a stable political environment for offshore activities.

 

Advantages of Incorporating in St. Vincent are:

• Fast incorporation and low fee.
• Minimum one director and one shareholder.
• Director and shareholder may be a company or a natural person of any nationality.
• Strict privacy law, keeping identity of director and shareholder confidential.
• There are no minimum share capital requirements.
• Not required to file accounts or annual reports.