St. Vincent and the Grenadines U.S. Tax Lawyer

St. Vincent and the Grenadines U.S. Tax Lawyer

St. Vincent and the Grenadines is a popular ‘destination’ for individuals and businesses seeking to establish offshore companies in a tax havens that has no FATCA Agreements or International Tax Treaties with the U.S. (although it does have Tax Information Exchange Agreements with 20 different Countries)

St. Vincent and the Grenadines

St. Vincent and the Grenadines is a common location for individuals to form an IBC (International Business Company) and conduct business. Why? Because under many circumstances St. Vincent and the Grenadines is not liable for any taxation even if the company has its principal place of business/residence in St. Vincent and the Grenadines. (This does not exempt U.S. Taxpayers from U.S. Tax or reporting under FATCA – See Below).

Moreover, the independent nation has its own specific confidentiality law that prevents disclosure of confidential information worldwide. The following is a breakdown of the different entity formations available in St. Vincent and the Grenadines:

International Business Companies Act: This is one of the more common types of business entity structures. It requires only one shareholder and one director. Moreover, there is no specific reporting requirements, although financial records must be retained and most importantly – there is no requirements for a local director or limitations on where they be held. Moreover, share capital can be expressed in any different countries currency and various different types of shares may be issued. This type of company is exempt from taxation for 25 years.

Offshore Trusts: whether or not a US person will be subject to taxation on a foreign or offshore trust and depend largely on who is considered the grantor. One of the benefits of the trust in St. Vincent and the Grenadines is that you will be allowed to appoint the protector – who holds the power to terminate a current trustee – and service additional persons watching the trust. The trust will not be subject and taxation of these records with local law.

Tax Information Exchange Agreements:

  • France – St. Vincent and the Grenadines (2010)
  • Germany – St Vincent and the Grenadines (2010)
  • Australia – St Vincent and the Grenadines (2010)
  • Finland – St Vincent and the Grenadines (2010)
  • Iceland – St Vincent and the Grenadines (2010)
  • Sweden – St Vincent and the Grenadines (2010)
  • Faroes – St Vincent and the Grenadines (2010)
  • Norway – St Vincent and the Grenadines (2010)
  • Greenland – St Vincent and the Grenadines (2010)
  • New Zealand – St Vincent & the Grenadines (2010)
  • United Kingdom – St Vincent & the Grenadines (2010)
  • Belgium – St Vincent & the Grenadines (2010)
  • Liechtenstein – St Vincent & the Grenadines (2010)
  • Austria – St Vincent & the Grenadines (2010)
  • Netherlands – St Vincent & the Grenadines (2010)
  • Denmark – St Vincent & Grenadines (2010)
  • Aruba – St Vincent & the Grenadines (2010)