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Why do companies choose St Vincent and Grenadines?

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Why do companies choose St Vincent and Grenadines?

July 29
21:21 2021

As part of a multinational firm, Leizan Capital Limited is incorporated in countries around the world. With a focus on educating and empowering people in financial literacy, Leizan Capital is currently incorporated in the British Virgin Islands (BVI), Capetown and in the St Vincent and the Grenadines.

Today we will look at the management team’s focus on incorporating in the St Vincent and the Grenadines.

Why did Leizan Capital choose St. Vincent?

The Preservation of Confidential Relationship Act of 1996, which is regarded one of the strongest privacy regulations in the world, is one of the major reasons to choose St. Vincent as a jurisdiction over other offshore jurisdictions. This multi-island nation in the Caribbean has a well-established banking industry and financial services standardized by the US Dollar. This aspect alone makes it an appealing option not just for US investors, but also for a variety of various sorts of enterprises ranging from international trade to asset holding to franchising and licensing.

Another distinguishing feature of St. Vincent is that it has no double taxation treaties with any other country in the world. This, along with the country’s strong confidentiality rules, ensures that shareholders, beneficial owners, and directors of the firm remain completely anonymous from public records.

Light and versatile legal structure

St. Vincent companies are among the least burdensome structures in terms of yearly reporting requirements. Companies are not obligated to conduct yearly audits and reporting as long as their financial records are kept up to date.

St. Vincent businesses are flexible and adaptable as a structure, with quick incorporation, making them appropriate for a variety of use cases, including holding entities for intangible assets like trademarks and copyrights, as well as franchising, licensing, and intellectual property. This can be used to bring previously distributed assets and digital rights under one legal entity. Other common applications include buying and selling products, investing, and trading, among others.

Strong and robust banking system

St. Vincent’s banking systems, which have played an important role for centuries, are now one of the top reasons why the country draws companies from all over the world.

St. Vincent offers a range of offshore and onshore services to worldwide clients, both private and corporate, with some of the strictest bank secrecy regulations and complete anonymity in international banking.

No corporate tax

St. Vincent has a territorial tax system, which implies that all company revenue originating beyond the country’s boundaries is subject to a 0% corporation tax or levy on earnings or income. Stamp duties on any company transactions are also free for 25 years from the date of registration. 

Confidentiality and privacy

As a former British colony, the legal framework of this island nation is founded on common law, and it is one of the few countries in the world with broad financial privacy rules.

St. Vincent has no obligations for the publication of information about executives, directors, or beneficial owners of its firms, thanks to its Preservation of Confidential Relationships Act of 1996. Furthermore, St. Vincent has joined the CARICOM Double Taxation Relief Treaty, ensuring even more protection for public information. Leizan Capital holds the privacy of its clients in high regard and protect the confidentiality of its community by never disclosing private information about the Leizan group to the public.

Media Contact
Company Name: Leizan Capital
Email: Send Email
City: CapeTown
Country: South Africa
Website: https://leizancapital.com/

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