The St. Vincent and the Grenadines Limited Liability Companies Act 2008 allows the formation of both a Single LLC and a Series LLC. Under a Series LLC, a Single LLC is authorized ownership of multiple LLCs that own a single asset business. Each series, company or unit have different purposes, with members holding different rights, duties and powers. The Series LLC offers robust asset protection to investors under one company, with any liabilities of a single LLC within the Series neither affecting nor jeopardizing any other assets within it.

Features

St Vincent LLC

Company Details

General

  • Type of Entity

LLC

  • Type of Law

Common Law

  • Governed by

Limited Liability Companies Act 2008

  • Registered Office in St Vincent

Yes

  • Shelf company availability

No

  • Our time to establish a new company

2 Business Days

  • Corporate Taxation

Nil

  • Access to Double Taxation Treaties

No

Share capital or equivalent

  • Standard currency

US$

  • Permitted currencies

Any

  • Minimum paid up

No minimum

  • Usual authorized

N/A

  • Bearer shares allowed

N/A

  • No par value shares allowed

N/A

Managers

  • Minimum number

One

  • Local required

No

  • Publicly accessible records

No

  • Location of meetings

Anywhere

  • Corporate management allowed

Yes

Members

  • Minimum number

One

  • Publicly accessible records

No

  • Corporate member allowed

Yes

  • Location of meetings

Anywhere

Company Secretary

  • Required

No

  • Local or qualified

No

Accounts

  • Requirements to prepare

No

  • Audit requirements

No

  • Requirements to file accounts

No

  • Publicly accessible accounts

No

Other

  • Requirement to file annual return

No

  • Migration of domicile permitted

Yes

Advantages 

  1. As a separate legal entity distinct from Manager and Members, the LLC has a completely separate set of rights and existences
  2. Reduced exposure to risk, with no LLC Members being held personally liable or responsible for any form of company debt
  3. Companies are exempt for 25 years from all forms of taxation
  4. LLC use is unrestricted and the company is permitted to undertake any act established for a purpose that does not contravene St. Vincent and the Grenadines law
  5. Simplified business structure, requiring no corporate minutes or resolutions.

The Valsen Advantage

  • Speedy, Efficient and consistent Services.
  • Relentless effort to obtain bank accounts.
  • Expert advice on structuring options.
  • Dedicated ongoing compliance support.