General Information about the Country

The State of St. Vincent & the Grenadines, hereinafter called SVG, consists of a small group of islands namely, St. Vincent, Bequia, Petit Nevis, Quatre Island, Battowia, Baliceaux, Mustique, Petite Mustique, Savan Island, Petit Canouan, Tobago Keys, Sail Rock, Mayreau, Prune Island, Union Island and Petit St. Vincent. The Islands are part of the Windward Islands in the Caribbean, about one hundred miles to the west of Barbados. SVG is a small island economy with a population of about 110'000 and an area of 386 sq. km. Kingstown the capital, situated on the main island of St. Vincent, is not only the seat of the Government, but also the centre of business and finance. 

The State of St. Vincent & the Grenadines (SVG) gained independence on the 27th October, 1979. H.M. Queen Elizabeth II remains Head of State, represented by a Governor General, who is appointed on proposal of the SVG Government. SVG became a member of the British Commonwealth and on the 16th September, 1980, the 154th member of the United Nations. SVG is both a member of the Organisation of the Eastern Caribbean States (OECS) and of the Caribbean Community (CARICOM). The OECS countries share a common currency, the east Caribbean dollar (EC$) and a central bank. The EC$ is linked to the US$ at an exchange rate of EC$ 2.7 to 1.0 US$, unchanged since 1976. The Eastern Caribbean Central Bank (ECCB) conducts monetary policy for the OECS countries according to present rules. Statutes thus impose strict limitations on the ability of member governments to finance public debt by borrowing from the ECCB. In addition, the ECCB is obliged to maintain a foreign exchange cover equivalent to no less than 60% of its demand liabilities. Consequently, fiscal policy, including the public wage sector and employment policies, is the major macroeconomic policy instrument under the control of the SVG Government. According to the World Bank Report. "Since the mid 1980s, St. Vincent & the Grenadines has pursued sound economic policies". We favor St. Vincent for its very cost-effective IBC's and its very good Trust law. St. Vincent law also foresees LDC's and Hybrid companies. We also use St. Vincent for the formation and management of offshore funds due to the fact that we have a duly licensed Fund Administrator & Management company.