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St. Vincent & the Grenadines

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Saint Vincent and the Grenadines offers favorable tax laws for foreign investment. It is considered an offshore jurisdiction for natural and legal persons who do not reside in the country and whose income does not come from its territory.

International Trusts are exempted from all taxes in St. Vincent, such as gift, inheritance, succession, estate, exercise or capital appreciation taxes.

LLC’s are fully offshore entities, exempted from all taxes in St. Vincent when operating offshore.

BC’s are taxed in St. Vincent, with their worldwide income, at a rate of 30% of the net income, according to Act 36 of December 31st. 2018, which eliminated the word International from the IBC, converting it into Business Companies by definition, and eliminated the income tax waiver on offshore income, among other changes.

The Inland Revenue Department is St. Vincent’s government authority in charge of collecting taxes, which is only done physically within their offices in St. Vincent. Also, St. Vincent does not have any Double Taxation Agreements (DTA’s) but has signed Tax Information Exchange Agreements (TIEA’s) with multiple countries.

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We will be glad to assist you in English, Spanish, Mandarin, or Portuguese.

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St. Vincent Trust & Escrow Ltd.
1st Floor, First St. Vincent Bank
James Street, Kingstown
St. Vincent and the Grenadines

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