Offshore Company Formation – Saint Vincent and the Grenadines
Economy of Saint Vincent and Grenadines
It is so understood that the economies of Saint Vincent and the Grenadines are relatively undeveloped economies. But both these economies at Saint Vincent and Grenadines provide high quality of life.
The economies of Saint Vincent and Grenadines are vulnerable, since both the economies have small bases for economic developments. The economies of both Saint Vincent and the Grenadines are strongly based on industry of agriculture. The main agricultural produce happens to be bananas.
The economic growth of Saint Vincent and the Grenadines fluctuates with fluctuations in agricultural outputs and fluctuation of prices of these produces, in the world market. Saint Vincent is also the world’s leading producer of arrowroot. Saint Vincent also grows other exotic fruits, many special vegetables and root corps, in its agriculture industry.
The bananas alone account for more than 60% of the total work force. Bananas also account for about 50% of the export of merchandise. This is basically a weak point for economic growth as Saint Vincent largely depend on a single crop. It makes the economy of Saint Vincent vulnerable to factors of external changes, especially weather and climatic conditions.
The bananas from Saint Vincent are a preferred product in the European market. This has helped the banana growers at Saint Vincent considerably grow economically.
Now the economies of Saint Vincent and the Grenadines need to be diversified as priorities. The industry of tourism has taken over as very important parts of the national economies of Saint Vincent and the Grenadines. The tourism industry surpassed the banana exports, as the chief source of foreign exchange in Saint Vincent and the Grenadines, way back in the year 1993.
The Grenadines has become the most popular spot for the up-market crowd, for yachting. This trend of increase in revenue through tourism will boost the economies of Saint Vincent and Grenadines well.
Why form an offshore company in Saint Vincent and the Grenadines?
This region consists of small islands (18 to be precise) in the Caribbean region. Here you can form an International Business Company (IBC) for operating any business outside its territory. It offers tax free solution, low labour cost and less annual maintenance and operational charges.
Basic Incorporation Package
Form your offshore company anywhere in the world within a week. No hidden price, no extra charges
With this package, we will provide you with a compulsory registered office address and dedicated account manager to handle all your queries. Also all the compulsory government fees would be paid up when the incorporation process takes place.
In addition to this, we will provide you with the documents necessary to incorporate a company – certificate of incorporation, appointment of directors, share certificates, company seal memorandum and articles of association.
Advanced Incorporation Package
This package will also include banking solutions and assure full confidentiality of your identity in addition to the full services of our Basic Incorporation Package.
We will provide you with a bank account and also with professional resident director and resident shareholder. This will help you in case you do not want your names to be displayed publicly. The Nominee director will act on your behalf by signing contracts, MoU’s and other documents related to your business.
All these will be provided in addition to company incorporation, registered address and other services included in the Basic Incorporation Package.
Professional Backed Package
This package will take care of the ever changing intergovernmental agreements which are being exercised by most of the countries.
More and more countries are signing up to international trade agreements which means more robust process. The benefit of our package is that it will facilitate your business through the help of qualified accountants, directors, international lawyers, tax advisors and investment advisors. It will ensure that your business runs smoothly and with full privacy and confidentiality.
Customize as per your requirements – whenever and wherever required.
Select what all services you require in what all jurisdiction. You can upgrade the services anytime you want. Choose from a wide range of professional services in addition to the type of company and bank account you want to set up. With the ever changing laws, you can ask our domain experts to guide you through the right direction.
Benefits of Forming an Offshore Company in Saint Vincent and the Grenadines
- 100% anonymity provided to shareholders and directors of company
- 100% exemption from all taxes
- No need to file annual report
- Zero minimum capital required
- 48 hrs to incorporate a company