Formation and changes in the following subjects:•Limited Liability CompanyTaxesCorporation tax: 0%Personal income tax: 0 % Withholding tax: doesn´t existVAT:0% for international business companies (they are exempted from tax system)SVG companies do not pay any taxes regardless the profit but they pay the annual fee in the fixed amount. Termination of a business:1. deletion from the Commercial Register preceded by either request of dissolution or not paying the annual fee2. sale of the companyAccounting: companies do not have to hold accounts Publicity of company´s data: company´s data including the information about statutory body and shareholders are not available in any public register and St. Vincent does not release this kind of information to any government nor financial or international authorities. Anonymity of company is possible by using the „nominees“ service.Bank account: it´s possible to open a bank account for SVG companies in Caribbean bank. Advantages of SVG jurisdiction•one of the cheapest offshore destinations•SVG has one of the strictest laws for protecting confidential information in the world (this law includes the information about owners and directors among the confidential information)•in addition, SVG has not signed any international treaty which would lead to information exchange of information•offshore jurisdiction with an excellent political stability•SVG offers many banks including branches of international banks (e.g. Scotiabank)•a company with only one shareholder can be the sole founder of another company•suitable jurisdiction for trading with non-EU countriesOther services:•Complex advisory•Transfer of any company to our administrator•Services of translators•Nominees services•Virtual office•Holding structures and connections with other countries•Correspondence forwarding•Company stampsContinuation of the article on the title page:SVG is generally considered as an off-shore destination. It´s a little country in the Caribbean sea located at the island St. Vincent and other 32 smaller, mostly uninhabited islands of Grenadines. The country gained its independence in 1979 and has stable political and economic system, it is also a member of British Commonwealth.
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