Monday 2 June 2014

Saint Vincent

The full name of the island country is Saint Vincent and the Grenadines. It is located on the border of the Caribbean sea, where the it meats the Atlantic ocean. As with all the Caribbean sea islands, Saint Vincent has an great weather, with the exception of some tropical storms, that damage economy wiping out a part of the yearly plantations.

Economy

Most of the Saint Vincent's economy comes from the export of goods, mostly bananas. Recently the service sector has taken over a big part of the economy, mostly focusing on tourism.
An airport in under construction in order to further advance the growth of the tourism industry and so the Saint Vincent's economy. In recent years alone the unemployment has declined from around 20% to 15% in the 21 century. A huge boost to the tourism industry was the filming of the Pirates of the Caribbean movies. 

Incorporation 

The type of company incorporated in Saint Vincent is International Business company. The usual time of incorporation ranges from 1 day to a week. The document list needed to be submitted may be a bit longer than some other offshore locations, but you can incorporate with ease using the help of a legal advice company such as Baltic-Legal or a similar one. 

Taxation

IBC's incorporated in Saint Vincent are tax free for up to 25 years. There are no double tax treaties available. There is a yearly fixed fee of 100$ to be paid to the government.

Over all Saint Vincent may not be one of the most most popular place for company incorporation, but still its a great alternative to any other tax free jurisdiction. With fast incorporation times and low yearly fees and easy company upkeep, making Saint Vincent a great place for your offshore company.


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