Taxes in Saint Vincent and the Grenadines
Saint Vincent and the Grenadines is a small island nation located in the Caribbean Sea with a population of only 110 people. This is an offshore jurisdiction that attracts many entrepreneurs from different countries.
Businessmen can choose a suitable taxation system. Registering a company in the country is beneficial. Saint Vincent and the Grenadines is the most important financial center of the West Indies.
In the offshore paradise, the procedure for registering a company is simplified as much as possible. It is necessary to submit reporting documentation provided that the organization receives income in excess of $4 million.
All companies in the state are International Business Company (IBC). By law, every registered firm must disclose directors as well as shareholders. The country provides for a corporate income tax of 30% of total income received.
It is profitable for foreign entrepreneurs to do business in this country. But despite the simplicity company registration in Saint Vincent and the Grenadines, completing it without special knowledge may be somewhat difficult.
The company "E-COMMERCE BROKER" provides services for registering business activities in this state. Our specialists know everything about the local tax system and will be happy to help resolve any issues that may arise.
Tax system in Saint Vincent and the Grenadines
As of January 01.01.2019, 30.06.2021, changes were made to the taxation system for international financial companies. The preferential regime for enterprises registered after this period was cancelled. But, until June XNUMX, XNUMX, there is a transition period. Concerning taxes in Saint Vincent and the Grenadines, then the main ones are the following:
- c royalties paid to a resident – 15%, and to a non-resident – 20%;
- when registering a company, the fee is $125, plus an annual fee of $100;
- for real estate (charged individually and depends on many factors);
- stamp duty – charged on any bilateral documents;
- for the transfer of real estate – 5%;
- VAT – 16%.
There is no income tax on dividends and no capital gains tax. There are no exchange controls in the country. Credit cards along with foreign currencies are completely accessible.
A bank account can be opened without personal presence. It only takes 1-2 weeks to open it. The main feature of this jurisdiction is that firms operating and receiving benefits outside the state do not have to pay contributions for the first 25 years.
Comprehensive assistance from the E-COMMERCE BROKER Company
If you don’t want to waste time understanding the intricacies and nuances tax system of Saint Vincent and the Grenadines, contact the E-COMMERCE BROKER Company. Experts will take upon themselves the resolution of all issues related to organizing a business in a given state. You won't have to worry about anything. We provide the following range of services:
- registration of companies in Saint Vincent and the Grenadines;
- opening accounts in a financial institution;
- accounting services;
- hiring staff for your company.
With us, you will register a company in Saint Vincent and the Grenadines in the shortest possible time. If you are focused on developing your chosen commercial area to a large scale, then just contact us and then you won’t have to worry about anything.
E-COMMERCE BROKER employs experienced specialists. By collaborating with us, you can quickly organize a profitable business in Saint Vincent and the Grenadines.
