Advice needed on a St Vincent and the Grenadines company - registered with SFM

[Alex Fr]

Hey Shikari,
Have you checked the latest legislation changes on SVG?
They were supposed to adopt territorial taxation ( worldwide income not taxed) . Looks like they are also planning to enact legislation to enforce economic substance requirements.

 

[blockchain4ever]

That's why I'm going to St. Vincent directly, to bypass them, if possible. I mean, I don't care about the money I've given to SFM, I just want a working company, I guess that any other registered agent on the island can put the company in good standing and change the directors/nominees, right?

Typically another registered agent can take over, but SFM can object if you haven't paid your bills to them. Get a copy of all claims SFM has on the company.

 

[karishi]

Typically another registered agent can take over, but SFM can object if you haven't paid your bills to them. Get a copy of all claims SFM has on the company.

I've paid all the bills to SFM, the issue is that I've paid the bills but nothing has happened. I think that they lost contact with the nominee, if the nominee existed at all.

 

[karishi]

Hey Shikari,
Have you checked the latest legislation changes on SVG?
They were supposed to adopt territorial taxation ( worldwide income not taxed) . Looks like they are also planning to enact legislation to enforce economic substance requirements.

Hey, yes, I will probably switch to a Georgian company now.