Why Saint Vincent?

External administrators, integrity and the flexibility of structures

One of the biggest differences of St. Vincent in comparison to other offshore domiciles like the BVI or the Cayman Islands is the fact that all involved services, i.e. fund administration or fund management, do not have to be provided locally. As a result, both investors and sponsors enjoy the wide range of advantages, an offshore fund has to offer, combined with the secureness, the availability and the ability of a subcontracted onshore fund administration, asset manager and banker/broker!

When trying to decide, which offshore financial center fits best for establishing and administering mutual funds, a variety of significant factors are to be considered both from the sponsor’s and the investor’s point of view:

St. Vincent is accepted as the preferred choice for offshore corporate domiciles. Integrity is the key for both investors and sponsors investing millions of dollars in or through a perhaps unfamiliar jurisdiction.

The State of St. Vincent and the Grenadines (SVG) gained independence on the 27th October, 1979. H.M. Queen Elisabeth 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 Commonwealth of Nations and on September 16th, 1980, the 154th member of the United Nations. SVG is both a member of the Organization of Eastern Caribbean States (OECS) and of the Caribbean Community (CARICOM). The differentiated regulatory scheme concerning mutual funds covers all levels of funds, but is in no way burdensome to the sponsor or the fund in its day-to-day operations.

Saint Vincent has a modern legislation welcoming all kinds of mutual fund business and allowing a great degree of flexibility in terms of the investment portfolio or risk-return profile. The statutes reflect modern economic realities and market practices, such as:

  • IBCs (International Business Company) share capital can be denominated in any currency or in multiple currencies,
  • There is no limit to the number, type or designation or rights of different classes of shares which can be created,
  • There are no restrictions on borrowing powers or investment practices or policies, which are limited only by what sponsors indicate to prospective investors,
  • Minimum formality and speedy approval procedures allow funds to be created quickly, once the structure, investment criteria and prospectus have been finalized, and
  • There are no exchange controls or other restrictions on the movement of funds.

Experienced, licensed professionals are available to undertake all aspects of the establishment and administration of the fund. This enables the sponsor / promoter to cost-effectively subcontract all of the back office functions with confidence. Total confidentiality of client affairs is maintained.

CAIAC International Limited
CAIAC International Limited