St. Vincent

Saint Vincent and the Grenadines is an island country in the Americas, and a member of the Commonwealth and CARICOM. It is 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 most populous city is Kingstown, located on the island of St. Vincent. Its official language is English, although part of its population speaks 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 such as 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 issuance of postage stamps.

Offshore Companies incorporated in St. Vincent benefit from 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’re here to help you during every step of your internationalization and structuring plans, and are constantly researching the best global locations to increase your privacy, freedom and wealth.

If you want to set up a company, open a bank account, immigrate and/or obtain residency permits in the Grenadines, you can view some of the articles and more information about the country below, or get in contact with us directly for a free private consultation. 

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