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Company formation in Saint Vincent and Grenadines has been a popular choice for many people due to unique advantages it offers. Saint Vincent and the Grenadines is an independent nation and became independent in 1979. It is a full member of the British Commonwealth, the United Nations, the Organization of American States, the International Labour Organisation, CARICOM, and the Organization of Eastern Caribbean States.
Points to highlight:
Any information about a person or entity unless specifically described in the Act. The law applies on a worldwide basis, as any consent given under the compulsion or direction of a foreign court shall not constitute consent for the purpose of compliance of the Act.
Company names must include a designation or abbreviation that signifies limited liability. Foreign denotations such as Aktiengesellschaft, Anonima, Societe Anonyme or the abbreviations such as A/S, SA, AG, GmbH, NV and BV are allowed.
The International Financial Services Authority was created by Parliament to institute a new system to manage, direct control and supervise the offshore financial services industry in this country. Its role is clearly defined by the governing stature. The Saint Vincent and the Grenadines Offshore Finance Authority Act, 1996. The business of The Authority is under the direction of a five-member board of directors.
The are many key advantages of company formation in Saint Vincent and Grenadines: