Why St Vincent and the Grenadines for Offshore services
SVG offers the following advantages to all investors who wish to use its international financial services sector.
- Offshore structures and entities have total exemption from all taxes. Offshore companies may however opt to pay SVG income tax at 1% if they wishes to take advantage of the Caricom Tax Treaty.
- Favourable incorporation laws - the corporate laws of the country enable our clients to establish entities with bearer shares, establish confidential trust structures, have directors from any country, and are inexpensive to comply with.
- A stable government and political system based on the English model. Our final court of appeal is the Privy Council based in London.
- Good banking services with online banking available through the Bank of St Vincent and the Grenadines.
- Except where the election to pay SVG taxes is made, there are no requirements for the filing of annual reports or accounts with any government authority in SVG.
- Use of English as our official language.
Dennings (Barristers & Solicitors) is a law firm providing a full range of legal services on aspects of St Vincent and the Grenadines law in cases where the documentation and legal work is necessary for:
- Establishing offshore companies;
- Establishing offshore hedge and mutual funds;
- Establishing offshore/international trusts;
- Establishing tax efficient structures for owning and holding real property in the jurisdiction; and
- Providing legal opinions in offshore related transactions where the applicable law is that of St Vincent and the Grenadines.
Who manages Dennings
Dennings (Barristers & Solicitors) is managed by Isaac Legair, Barrister at Law.
Isaac Legair: Email: email@example.com
Isaac Legair established Dennings in March 2003. His main areas of practice include offshore investment funds, offshore trusts, tax structures and general aspects of company law. He qualified as a Barrister at the Inns of Court School of Law, London, and was called to the Bar by the Honourable Society of Lincoln's Inn in October 1997 and by the Eastern Caribbean Supreme Court in both St Vincent and the British Virgin Islands.
In 2007 Mr Legair was commissioned by the government of St Vincent and the Grenadines to modernise that country’s offshore company law. The result was the International Business Companies (Amendment and Consolidation) Act 2007 which is now the definitive law for international business companies incorporated in St Vincent and the Grenadines.
Mr Legair holds an MA degree (with distinction) in Finance and Investment and the LLM in Corporate and Commercial Law from the London School of Economics. He is a Fellow of the Chartered Association of Certified Accountants (ACCA) and a member of the Society of Trusts and Estate Practitioners (STEP).
Mr Legair's writings include:
- ''English Law Bank Guarantees in times of Insolvency'' (Unpublished LLM thesis),
- ''The Trinidad and Tobago Stock Exchange: Tests of Weak-Form Efficiency’’ (Unpublished MA thesis);
- “Modern Portfolio Theory - A Primer,” Trust Law International Vol 14 Number 2, 2000,
- “Using St Vincent Trusts and Companies in International Tax Planning, Journal of International Trusts and Corporate Planning Vol. 13, Issue 3, 2007.
- “Use of St Vincent and the Grenadines Segregated Cell Companies as Real Estate Investment Companies”; Offshore Investment Issue 192, December/ January 2009.
- “The SVG LLC: Features and Uses”; Offshore Investment Issue 202, December / January 2010.
- “St Vincent and the Grenadines Jurisdictional Profile”: STEP Directory and Yearbook, 2009 and onwards.
- A” Place in the Sun”: STEP Journal 2008: www.step.org