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]

shikari said:
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?
Click to expand...

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]

blockchain4ever said:
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.
Click to expand...

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]

Alex Fr said:
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.
Click to expand...

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