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Introduction | Information ST VINCENT & GRENADINES St. Vincent and The Grenadines, located in the Eastern Caribbean, became an independent nation in 1979 and is popular with individuals wishing to protect personal wealth and assets. In 1996 there were comprehensive legislative changes to its IBC Act. These legislative changes concentrated on two specific policies in St. Vincent's approach to offshore financial law: ultimate privacy and maximum asset protection. These policies are also reinforced in the new offshore finance laws proclaimed in 1997 and 1998. Excellent political stability No tax on offshore profits IBCs incorporated in St. Vincent are free of all taxes for a period of 20 years No exchange control regulations Fast incorporation – 2 days No restrictions on where meetings are held English Common Law system Incorporation Datasheet International Business Companies Act International Business Companies Amendment (No.40) Act 2002 International Business Companies Regulations 1996 S.R.O. No.33 of 1996 International Business Companies Regulations 2003 International Trust Act International Trust Amendments Act 2002