Safe Harbor Trust offers company formation and management services in St. Vincent & the Grenadines and in other international jurisdictions such as Anguilla, B.V.I, Nevis, Turks & Caicos Islands, etc.

The process of incorporation is straightforward and convenient. Safe Harbor Trust can incorporate an International Business Company and provide its clients with an immediate bank account, ready to fund, within 24 hours.*

In St. Vincent & the Grenadines, IBCs are regulated under the International Business Companies Act number 18 of 1996 and SR&O 33 of 1996 and related amendments. According to that legislation, the following rules apply.

Names and Nomenclature

The names of companies are required to include designations and abbreviations that connote limited liability.

Foreign language denotations or abbreviations are allowed and these include: Aktiengesellschaft, Anonima, Societe Anonyme, A/S, SA, AG, Gmbh, NV, and BV.

Denotations or words such as "bank", "banking", "fund", and "insurance" are only allowed with the relevant license.

Documentation

Documentation for incorporation in a foreign language accompanied by an English translation is accepted.

Instructions to Safe Harbor Trust for the incorporation of companies under the IBC Act MUST be accompanied by:

• Certified copies of two (2) picture IDs (passport, drivers license, national identification card)
• Proof of resident address in the form of a utility bill
• Recent Police Certificate issued from the country of residence during the immediate past six months
• Banking reference from a recognized and reputable banking institution
• Character reference

Articles of Incorporation

An IBC is incorporated upon the filing of the required Articles of Incorporation, which are required to contain the company name, the name of the registered agent, the authorized capital and the currency of the capital, and the types of shares.

The principal of an IBC has the option of creating an Incorporation Certificate with or without the director's name displayed. There may be a single director or more and such director may be individual or corporate.

Requirements, Restrictions, and Permissions

There is no requirement for the registration of documents in relation to the operations of the IBC, shareholders and directors. There are also no restrictions regarding the places where meetings of the company are held and where records are stored.

An IBC is not required to file annual returns; nor is an IBC required to pay taxes; the IBC receives a Certificate of Exemption from taxes for 25 years.

IBCs are permitted to issue different categories of shares and bearer shares are also permitted.

Re-domiciliation of foreign companies or continuation of companies is permitted.

Limited Duration Company and LLCs

The formation of a Limited Duration Company (LDC) is provided for under the IBC Act. Such LDC's effectively function in a manner that is similar to the LLC's in the United States of America.

For more information, please call us at +1 784 451 2032.

*(Account Transaction Capability is Subject to Receipt of Completed Due Diligence Documentation).

> International Business Companies (IBCs) Incorporation Fees (PDF)