St. Vincent IBC benefits:

Among the benefits that are specifically enjoyed are the following:

St. Vincent IBCs are not liable to any taxation, for 20 years of incorporation
It has no double taxation treaty with any other country.
Exemption from any corporate tax, income tax, withholding tax, capital gains tax, or other like taxes on the income or assets of the IBC for 25 years.
St. Vincent has a general confidentiality law that protects IBCs against disclosure of confidential information worldwide
A number of internationally recognized banks have branch offices within the state including Barclays Bank PLC, Bank of Nova Scotia and The Canadian Imperial Bank of commerce.
There is no requirement for the filing of by-laws or for disclosure of directors, shareholders, and attorneys of fact with the Offshore Finance Authority or any other entity.
They allow bearer shares, registered shares, with or without par value, voting or non- voting
Share capital may be expressed in any currency
Low government and annual fees
IBCs have great asset protection
May engage in any activity that is not illegal within St. Vincent & Grenadines
It can be administered from any part of the world, and its books, records, seal can be kept outside the territory
They only require 1 director
The name of the directors, shareholders and officers are not disclosed on any public register
No foreign exchange controls are imposed

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