Undeniably, international financial services (IFS), or offshore financial services as they are often referred to, must operate far differently than a decade ago.
The “low-tax, no tax, and high degree of privacy” competitive drivers are increasingly challenged by initiatives of the Organisation for Economic Co-operation and Development (OECD), the European Union (EU), and the US. But this is laying a new path for St. Vincent and the Grenadines (SVG) as an IFS jurisdiction.
Where offshore jurisdictions offer the right mix of international financial services matched with suitable opportunities for local investment, there is a win-win for investors. This is an area of strength for SVG.
The SVG ethos and environment are particularly suited to investors with a social conscience and a passion for making positive impacts through investment.
The country is squarely on the path of international compliance and legitimacy balanced with a pro-business culture. SVG is working hard towards sustainable energy use, sustainable environment, resilience to natural disasters, and equipping its residents with the skills to tackle a new world.
That world has investing for social and environmental good at its fore. And SVG is keen to attract investors who hold to the same values of positive transformation and international cooperation.
For SVG, the future of IFS means the right mix of onshore and offshore opportunities in a single jurisdiction. Investors can look forward to choosing from six (6) well-structured entities for global needs and domestic opportunities for investment in renewable energy, manufacturing, medicinal cannabis, education, fintech, finance and tourism
Read more here about the legal requirements and benefits of forming the 6 types of international business entities (offshore companies) in St. Vincent and the Grenadines:
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