Advantages banking in Saint Vincent
To begin we clear out the concept of offshore bank, which is just 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 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
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.
A bit of information about St Vincent & The Grenadines
Saint Vincent and the Grenadines is an independent nation that is well known for its democratic system of Government. Elections are held every five years.
It is a full member of the British Commonwealth, the United Nations, the Organization of American States, the International Labor Organization, CARICOM, and the Organization of Eastern Caribbean States.
St. Vincent and the Grenadines
St. Vincent and the Grenadines, is an independent state in the south-eastern Caribbean Sea, consisting of the island of St Vincent and the 32 northernmost islands. St. Vincent is blessed with lush mountains, volcanic-rich soil and unspoiled landscapes of brilliant flora and beautiful crystal clear waters.
St.Vincent and the Grenadines was discovered by Columbus in 1498. This multi-island state became independent on October 27, 1979.
It is a full member of the British Commonwealth, the United Nations, the Organization of American States, the International Labour Organization, Caricom, and the Organization of Eastern Caribbean States. The main city and financial center, Kingstown, is situated on St. Vincent Island.
Each island is very individual in style and appeal unspoiled with irresistible white sand beaches, warm clear seas and remoteness from the pressures of life.
St.Vincent and the Grenadines on the world map
In 1996, the government of St. Vincent and the Grenadines created the new International Financial Services Authority and enacted a set of laws that not only reflect the best elements of modern international legislation, but also accept the reality of today's information technology.
There are up-to-date laws governing International Business Companies, International Banks and International Trusts, as well as a law ensuring proper preservation of confidential relationships in financial services.
For the international client, whether corporate or private, St. Vincent offers a politically stable, secure and modern environment in which to do business.
To open an account in Saint Vincent send us an email through our contact us page. We will provid you with account opening instructions.
