Saint Vincent and the Grenadines is a sovereign island state located in the Lesser Antilles in the Caribbean. It consists of the main island of Saint Vincent and smaller islands of the Grenadines. This is a unitary parliamentary constitutional monarchy. Saint Vincent and the Grenadines gained independence from the United Kingdom in 1979 and became a member state of the Commonwealth with Queen Elizabeth II as the head of state. The Queen is represented here by the Governor-General. Local currency is the East Caribbean dollar. Official language is English. Saint Vincent and the Grenadines is a member of the United Nations, CARICOM, Organisation of Eastern Caribbean States, and the Organisation of American States.
The economy of Saint Vincent and the Grenadines is classified as “lower-middle-income”. It is dominated by the agriculture sector, namely, banana production. Another major sector is tourism, which has been growing considerably over the last few years.
Saint Vincent and the Grenadines is an offshore jurisdiction. It used to be in the EU black list of non-cooperative jurisdictions for tax purposes, but was removed due to making commitments to abolish the current “harmful” taxation regime and to implement the minimal base erosion and profit shifting (BEPS) requirements. OECD describes Saint Vincent and the Grenadines as “largely compliant” in tax cooperation matters, and its progress in this area is carefully monitored.
Saint Vincent has got one of the highest levels of confidentiality in the world. Information about owners and shareholders is kept by the Registrar and is only disclosed by court order. In other words, to obtain such data about companies registered in Saint Vincent one needs a valid reason. At the same time, Saint Vincent has made a lot of progress in anti-money laundering policies.
Business activities in Saint Vincent and the Grenadines are regulated by the 2007 International Business Companies Act, 1997 Mutual Funds Act, 2004 International Bank Regulations, and other relevant laws. Legislation is based on the English law.
Main types of businesses in Saint Vincent and the Grenadines
- International Banks
- International Business Companies – the most common type of offshore companies
- International Trusts
- Mutual Funds
- International Insurance Companies
- Limited Liability Companies
What is a commercial register?
In our video we explain the definition and function of a commercial register and how you can verify the reliability and solvency of your foreign business partner.
Should you wish to check the sincerity of your foreign business partner’s request, Schmidt&Schmidt will gladly assist you.
We offer extracts from the commercial registers of more than 100 different registers in countries spread all around the globe. Additionally, we offer annual statements for a variety of companies. The original extract from any commercial register can be sent to you by mail or as a pdf-file via e-mail. Besides that, commercial register extracts can be authenticated with an apostille.
Registration of companies in Saint Vincent is a responsibility of Commerce and Intellectual Property Office (CIPO). The procedure is carried out via local authorized Registrars. Current registration procedure was launched in 1996.
Contents of the register
Certificate of Good Standing – an official document that confirms a company’s solvency, reliability, and right to do business in Saint Vincent and the Grenadines. This certificate is only issued to companies that fully comply with the requirements in terms of taxation and financial reports submission.
Certificate of Incorporation – confirms company’s registration in Saint Vincent and the Grenadines.
Accounting and Financial Statements.
Memorandum and articles of association.
NB: Information about some companies may be unavailable.
Search in the register is not free of charge. Search results are sent to you within 7-14 days after request submission. Given the confidentiality laws of Saint Vincent and the Grenadines, it is necessary to check availability of a company in the register first.
To get a required document, we will need the following information about a company:
- Full legal name
An extract from the business register of Saint Vincent can be used in order to:
- Obtain detailed information about potential business partners
- Negotiate foreign trade agreements
- File legal claims
Saint Vincent and the Grenadines acceded to the The Hague Convention Abolishing the Requirement of Legalization for Foreign Public Documents on 24 February 1965 as a part of the United Kingdom, and on 27 October 1979 as an independent state.
Therefore, the documents issued in Saint Vincent and the Grenadines are subject to a simplified apostilling procedure, thus the documents gain full legal value in Convention member states after notarised translation.
In addition, you can order notarised translation from English.
We provide extracts from the register in strict compliance with the legislation of Saint Vincent and the Grenadines and the General Data Protection Regulation.
Inquiries are processed within one working day. Courier delivery of apostilled documents is paid separately by courier service tariffs.
You can order free preliminary availability check of required information on our website.
|Service||Price incl. German VAT 19%||Price excl. VAT|
|Price for an Electronic Extract||from 714,00 €||from 600,00 €|
|Price for an Extract with Apostille without international shipping||from 952,00 €||from 800,00 €|