St. Vincent & the Grenadines—Amendments and Additions to the Legislation in early 2006

St. Vincent & the Grenadines are currently implementing major improvements with amendments to its existing IBC (International Business Companies) Act. These improvements will not only include provisions for segregated cell companies (of major interest to insurance companies and mutual funds), but will also add more detailed provisions for hybrid companies.

Concurrently a new Trust Act and a separate LLC (Limited Liability Company) Act are being planned together with an improved and streamlined Mutual Funds Act.

These amendments and additions to the existing legislation will make St. Vincent & the Grenadines a very competitive "choice jurisdiction" for International Tax Planners, Insurance Companies and for Mutual Funds.

It is expected these improvements and additions to the legislation will be in place in the first quarter of 2006.

For more information please Safe Harbor Trust Ltd. at +1 784 451 2032.