Saint Vincent and the Grenadines Ready Made Company

Despite a relatively quick incorporation process, purchasing a ready made company is still the most efficient method of incorporating in Saint Vincent and the Grenadines. Ready made companies are available to begin trading immediately after purchase and skip many of the complex formalities associated with registering a new company; making a ready made company a quick and simple alternative to registering a new company.

Many entrepreneurs choose to purchase a ready made company, as it constitutes a less complex and time consuming way to enter the market. Also, offering benefits regarding the companies image and reputation.

Features of a Ready Made Company

  • Never traded or conducted any other business activity
  • No debts, liabilities, receivables or obligations
  • Fully drafted business objects
  • Fully registered and incorporated
  • Articles and Memorandum of Association fully drafted and registered
  • Company name approved and registered
  • Initial share capital fully paid up
  • Certificate of Incorporation issued
  • Company registered address
  • Certificate of Compliance by the Registered Agent issued (certifies companies act requirements have been complied with)

Companies in Saint Vincent and the Grenadines have been incorporated with a wide range of business objects and using neutral names. It is possible to change both these objects, along with the Articles of Association and registered address enabling the company to match your exact requirements.

When choosing a company name there are certain rules that must be adhered to:

  • Name may be in any language using the Latin alphabet
  • English translation is required
  • Names using words such as Bank, Savings, Loans, University, Chamber, etc are restricted
  • All of our ready made companies are Private Limited companies and the company name must end with "Limited" or its derivative
  • Names suggesting royal or government patronage are restricted

All of our ready made companies in Saint Vincent and the Grenadines are fully maintained up to accounting and reporting standards. This includes producing shareholder/director registers, annual returns, financial statements, etc. This gives each company a credible and stable history that offers the following benefits:

  • Company has a full history from the moment of purchase
  • Corporate image and reputation enhances with age as it implies a stable position
  • Investors see long-standing companies as less risky
  • Clients are more likely to conduct business with aged companies
  • Suppliers are more likely to conduct business with and issue trade credit to companies with a stable history
  • Certain contract bidding requires a fixed business age before bidding is allowed
  • Banks often use previous history and company age as a sign of reliability and business stability

Upon purchase of the ready made company all documents, dated back to the date of incorporation, are supplied.

Directors & Management

Upon purchase of a ready made company new directors need to be appointed. As incorporation agents we hold the position of company director but once the company is purchased we resign. The new directors are appointed by completing and signing the appropriate documentation, alternatively we can complete this process for you if granted Power of Attorney.

All official company documents are issued to the new directors, which includes the Certificate of Incorporation, Articles and Memorandum of Association and secretarial forms, although in Saint Vincent and the Grenadines there is no statutory obligation to appoint a company secretary.

New Shareholders

Ownership of the company is transferred via the standard share transfer procedure in Saint Vincent and the Grenadines. Once ownership is transferred new share certificates are issued to confirm the new ownership.

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