St. Vincent & Grenadines

IBC's incorporated in St. Vincent are completely free of all taxes for a period of 25 years if managing within St. Vincent;

Recognition of the Competence Certificate issued by St. Vincent;

There is no requirement to disclose the beneficial owner of the IBC and bearer shares are allowed;

A quick and easy way of obtaining certificates for the ship;

The Government has reaffirmed that the right to privacy in financial affairs is a basic right of offshore companies and financial institutions in St. Vincent and that it will not help other governments collect their taxes, directly or under the guise of investigations or prosecutions of other purported offences;

Saint Vincent and the Grenadines ships can call at any port in the world, and in most, enjoy favoured national treatment;

Saint Vincent and the Grenadines, is a member of the IMO, since 1980, is also a member of the Baltic Exchange.

Any individual who is a citizen of St. Vincent domiciled in St. Vincent or,

Any body corporate, partnership or other association of individuals registered in accordance with the laws of St. Vincent and the Grenadines and having their main office in St. Vincent or,

Any body corporate, partnership or other association of individuals registered according to law in any foreign country, provided that, when the main office is situated outside St. Vincent, a Registered Agent in St. Vincent is appointed.

Vessels under construction may be registered;

Vessels must not be older than 18 years (15 years for tankers) unless special permission is granted. This condition does not apply to vessels registered for scrap purposes.