St. Vincent Company

setup & kyc 1 what is the kyc documents required to incorporate saint vincent company ? below is the list of documents required ? certified passport copy certified proof of address ( not older than 3 months ) bank or professional reference letter if the documents are not in english , certified translation is required 2\ can i get a sample format for bank & professional letter ? yes , please see below https //archbee doc uploads s3 amazonaws com/xjegnn5oy18c4r0ycjuao/3zh8r5obhfopioj2fm8jl bank reference letter jpg https //archbee doc uploads s3 amazonaws com/xjegnn5oy18c4r0ycjuao/r6pmlietarn9xcn7whoqr professional%20reference%20sample pdf 3\ what is the cost to incorporate a new company & how much time does it take ? cost to incorporate a company is 1900 euro 1900 euro timeframe 7 12 business days 4\ once company is incorporated , will you send me the original hard copies of documents ? yes , we will ship the hard copies of documents to your address 5\ how much is the annual renewal fees for the saint vincent company ? annual renewal fees 1350 euro 1350 euro 6\ how do you accept the payment ? we accept payment via bank wire transfer in usd , euro , gbp neteller btc / usdt paypal ( additional fees apply ) local payments in asia , us , poland 7\ can i get the proposal for the company formation ? https //archbee io/public/wlkkvxffkygmjtzdikj1x yes , please see below https //archbee doc uploads s3 amazonaws com/xjegnn5oy18c4r0ycjuao/whd itk99ztdgit5tfwhw bc svg fx pdf optional documents & services i need certificate of incumbency with notary & apostille , how much does it cost & how long does it take to obtain ? certificate of incumbency costs 250 usd 250 usd & it will take upto 3 5 business days 2\ i need certificate of good standing , how much does it cost & how long does it take to obtain ? certificate of good standing costs 400 usd 400 usd & it will take upto 4 7 business days 3\ i need to change / add / remove directors / shareholders in my company , how much does it cost & how long does it take to process ? change / add / removal of directors & shareholders is subjected to a resolution passed from the existing directors & shareholders in the company cost for the changes of director & shareholders is 400 usd 400 usd , it will take upto 4 7 business days once the changes are made , you will be issued new documents which is relevant with the changes made note if you're adding a new director or shareholder , certified kyc will be required 4\ i need to change my company name , how much does it cost & how long does it take ? changing the company name is subjected to resolution and you will need the courier the original documents of your company in order to process the name change the cost for name change of the company is 400 usd 400 usd & it takes upto 7 12 business days for the process to complete once we receive the original documents 5\ i need full set of apostille documents , how much does it cost & how long does it take to obtain ? full set of apostille documents will cost 400 usd 400 usd & it takes upto 7 business days 6\ my company is dissolved / expired and currently not active , can i restore it ? company can be restored depending on when it was dissolved all the pending dues & fees must be paid before restoration restoration fees for the company depends on case to case basis depending on how much fees the company owes 7\ i want to transfer my company to you , currently it is with other registered agent , can i transfer it ? yes , company can be transferred to us subjected to resolution cost for the transfer of registered agent is 600 usd 600 usd & it will take upto 7 12 business days to complete the process 8\ i want to obtain legal opinon which is asked by paysafe for neteller & skrill merchant application , how much does it cost ? legal opinon for such purpose must be obtained from legal500 listed laywer , it will cost 1500 usd 1500 usd & it takes upto 5 7 business days 9\ i need a address verification to confirm my registered address of the company , how much does it cost ? address verification letter will cost 100 usd 100 usd and it takes upto 2 days 10\ i need a certified copy of register of shares & director , how much does it cost ? certified registers will cost 100 usd 100 usd & it take upto 2 4 business days frequently asked questions does st vincent have public registry to view company information ? no , st vincent does not share any information of companies or directors with public information & company data is 100% confidential 2\ what are the tax implications for st vincent business company ? regarding the taxation for svg , st vincent and the grenadines amended its international business companies and international trusts legislation to meet its commitments to the eu code of conduct group (business taxation) (eu cocg) under its tax governance initiative and at the same time to the oecd beps inclusive framework this means that companies formed in 2019 will be subject to taxation in svg and would need to file a tax return the current local corporate rate is 30% however, svg will adopt a territorial tax regime before the end of q1 2019 regime meaning that bc's will only be taxed on income earned in svg and not worldwide for ibcs formed before 2019, these entities may be required to file tax returns in the future but this will not be done for at least another 2 years according to the fsa 3\ what is the benefit of incorporating forex brokerage company in st vincent ? incorporating your brokerage business in svg will allow you to conduct forex brokerage legally as a company reason being svg allows the forex brokerage activity without being regulated/licensed we will add below clause in the aoi document of your company which will be a legal document which says the company is allowed to operate such activity there is no regulatory body in st vincent which regulates the fx brokerage activity as the business company itself allows the activity with above clause there is no regulatory body in st vincent which regulates the fx brokerage activity as the business company itself allows the activity with above clause 4\ do you assist in opening of bank accounts for st vincent company ? at the moment , there is no good banking options available for unregualted svg companies involved in forex/cfds business banks are not accepting unregualted fx businesses with svg company due to high risks involved there are some banks and psps in turkey , belarus & kazakhstan who open for svg , but we don't recommend them to our clients due to the fact that they are quite expensive to open & not really reputed