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Saint Vincent and The Grenadines (SVG) IBC / Territorial Taxation

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Mr Pink

New member
As the International Business Company (IBC) offshore structure no longer exists in St Vincent due to some changes in early 2019, I understand all companies are now liable to pay 30% tax.

There was a grandfathering provision for IBCs incorporated pre-Dec 2018 but as I understand this comes to an end 30 June 2021 and all companies will be required to pay 30% on worldwide income.

Initially there was talk of the country moving towards a territorial tax structure but it seems no progress has been made on this. Does anyone have any thoughts or update here?
 

padima

New member
hello there
what s the situation right now in SVG for forex and crypto related company? any specialist of SVG here? cost of setting up with account in Singapore?
 

rockrock

New member



The old Limited Liability Companies Act - Cap151 still has an opt-in to elect a 1% taxation.

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st vincent International Tax Cooperation (Economic Substance) Act

st vincent income tax amendment

As I understand it, a St Vincent LLC is a "pass-through entity", a "disregarded entity" (my words). Previously taxable on worldwide income on personal level. The income tax amendment transformed it into a territorial tax system.

St Vincent might be back in business if you either have substance + any legal activity or no substance + no ESR relevant activity.

The ESR act had a download counter of 242 so this doesn't seem to be popular?

Hope that helps. Do your own research. Tough stuff.
 
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