Saint Vincent and the Grenadines is an island country in the Americas, member of the Commonwealth and CARICOM, located to the north of Venezuela and the island of Granada, in the chain of the Lesser Antilles of the Caribbean Sea. Its territory of 389 sq. km comprises the main island of St Vincent and two-thirds of the north of the Grenadines archipelago. The country is inhabited by 103,000 people. Its capital and more populated city is Kingstown, located in the island of St Vincent island. Its official language is English, although part of its population also speaks the St Vincent Creole, an English-based Creole with elements of French. Its official currency is the Eastern Caribbean Dollar (XCD), which is pegged to the US Dollar (USD) at a 2.7:1 ratio. The US$ is also widely accepted.
St. Vincent's main economic activities are the export of agriculture products -bananas, root crops, arrowroot and exotic fruits-, in addition to construction, tourism -Grenadines is a top destination of the up-market yachting crowd-, offshore financial services and the issue of postage stamps.
Offshore Companies incorporated in St. Vincent benefit from a total tax exemption, confidentiality and low accounting requirements, and are commonly used for international trade and investment, asset protection, intellectual property, licensing and franchising ownership, operating online business and holding companies and bank accounts.
At Flag Theory, we help you to find the best locations globally to diversify your life, personal finances and business. Below, you can find why and how to set up an offshore company in Saint Vincent and The Grenadines, why and how to open a bank account, investment options and how to get residency and citizenship in this Caribbean haven.