A bit of information about offshore banking:

A bit of information about offshore banking:

An offshore bank is a bank located outside the country of residence of the depositor. It is usually located in a tax haven that provides financial and legal advantages. The main advantages of offshore banks are
•privacy
•less restrictive legal regulation
•some off-shore banks may operate with a lower cost base and can provide higher interest rates
•off shore banks provide access to politically and economically stable jurisdictions
•interest is generally paid by offshore banks without tax deducted

TIP: You can use your offshore Bank card anywhere in the world. If you use it in your country of residence the ATM withdrawals will look like you are a visitor making tourism.

St. Vincent is rapidly becoming a leading location for foreign investment. The volcanic islands between the Florida Keys and the South American Mainland is very well known for offshore business. Investors will benefit from the extensive range of investment opportunities and incentives available in St.Vincent and the Grenadines.

The business incentives are:
- Complete exemption from income tax on profits [some exception applies]
- An independent and efficient judiciary system
- Significant Tax holidays for new business
- Import tax reduction on raw materials, machinery, equipment and spare parts
- Freedom to repatriate funds for business.
- A low-cost operating centre for offshore business
- Exceptional low fee structure for business formation.
- Lifting of ban on foreigners holding trust company licences
- A stable foreign exchange regime
- Excellent Telecommunications with the entire world.
- Stable labour force
- A tradition of governmental support for foreign private investment
- Support for foreign private investment.

St.Vincent and the Grenadines boasts perhaps the most modern International Business Centre.

A bit of information about offshore banking - A bit of information about St Vincent & The Grenadines - Which is the Bank name I will open the Bank account? - Benefits of being a customer of the Bank - FAQ Frequently Asked Questions - Required documents for opening Personal Bank Account - Required documents for opening Corporate Bank account - Fees and Charges for Personal Bank Account - Fees and Charges for Corporate Bank Account - Which are the benefits of Digipass device? Which is the Digipass? - List of Banks in the Caribbean - Contact us

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