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.
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.
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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