Almost anyone can and should consider it.

You do not need to be a resident. Whether you're a freelancer, consultant, solopreneur, investor, remote team or founder, you're eligible to set up a business in SVG as long as you're over 18 and offering services to people outside of SVG.

But eligibility is just the start. This is for people who want to keep more of what they earn, skip endless admin and open up global opportunities all while building ethically and compliantly through a structure that respects your ambitions and gives back locally.

Yes, depending on your situation, it could be a powerful move.

If you work for an international company and have the option to be paid as a contractor instead of a traditional employee you may be able to route your income through your own company.

By getting paid into your company you gain real control over how your income is handled. Pay yourself on your own terms (salary, dividends, or reinvest), claim more business-related expenses like your laptop, coworking, travel or software and choose your banking to reduce fees and open up options and start building wealth in a structure that supports entrepreneurship should you want to start a business.

If you cannot switch to a contractor arrangement then setting up a company gives you a legal entity to build under, flexibility to accept payments globally, room to grow your own business or side project in private without having to quit your job tomorrow.

Considerations and Limitations

• Tax Residency: Your home country may tax your worldwide income regardless of offshore incorporation. Establishing proper tax residency and ensuring compliance through professional advice is essential.

• Legal and Compliance Risks: Misusing offshore companies for tax evasion or failing to adhere to reporting obligations can lead to penalties, fines, or legal trouble.

• Employment Laws: Offshore setup does not automatically exempt you from local employment laws if you work in or from a high-tax or regulated jurisdiction.

• Administrative Overhead: Managing offshore company payments and compliance requires effort and understanding of international laws and tax rules.

This is why setting up with Offshorely includes personalised and professional tax planning advice, ongoing compliance reminders, and regular updates on legislation impacting you all bundled into a single, transparent payment that covers everything you need to set up your offshore company and stay fully compliant. This holistic support minimises your administrative burden, reduces risks and ensures you can focus on growing your business with confidence.

If you’re a freelancer, contractor or consultant, setting up a company in St. Vincent and the Grenadines (SVG) can open up some big advantages:

Look more professional

You’ll be able to invoice clients under your official company instead of just your personal name. This builds trust, helps you look more established and can make it easier to charge higher rates.

Keep more of what you earn

Depending on where you live and how you set things up, you may be able to reduce your tax bill and write off more business expenses for things like travel, software or a home office. This means more money stays in your pocket (legally).

Get access to better tools

You can open a business bank account, accept payments in different currencies and avoid high international transfer fees. That makes it much easier to work with global clients.

Protect your personal finances

Having a company creates a legal line between your business and your personal assets. That means if anything goes wrong with a client or payment, your personal money and belongings are more protected.

Scalability and Growth

Even if you’re solo now having a company lays solid foundations to grow your freelancing into a larger business, hire remote team members or take on bigger clients and projects.

Reduced Administrative Burden with Offshorely

Offshorely handles company formation, compliance, filings and compliance reminders for you, freeing you to focus on your work without administrative overwhelm.

Join a like-minded community

You’re not doing this alone. You’ll be part of a global group of independent professionals building flexible, borderless businesses sharing resources, tips, and support.

In short if you have control over how you earn and bill your clients, you’re in a great position to take advantage of an offshore company. It’s a smart move that helps you look legit, grow globally and keep more of your income.

Freelancers who Benefit Most from an Offshore Company

• High-Earning Freelancers: Those earning above the FEIE limit (US) or a threshold where additional tax planning offers significant savings. An offshore company can help manage higher income streams efficiently.

• International Clients & Platforms: Freelancers working with clients worldwide, especially those requiring invoicing under a company name or dealing with international platforms like Upwork, Fiverr, or proprietary business structures.

• Consultants & Specialised Service Providers: Experts in niche fields (IT, digital marketing, finance, coaching) who benefit from a professional company image to attract corporate clients or licensing opportunities.

• Long-Term Remote Entrepreneurs: Freelancers planning to build a scalable business, hire remote staff or expand their services internationally.

• Freelancers in Privacy-Sensitive Fields: Those who value privacy and asset protection, such as finance, legal consulting, or crypto-related work, where a formal company structure adds legitimacy and safeguards.

• Freelancers Working in Countries with Complex Tax Laws: For those operating from jurisdictions with high taxes, strict reporting or double taxation risks an offshore company can provide tax deferral options and legal structuring advantages.

Less Suitable for:

• Hobbyists or low earners under the tax threshold.

• Freelancers with exclusively local clients or minimal international transactions.

• Those earning passive income or investments better suited to onshore investment wrappers.

In summary: While almost any freelancer may find value in offshore structuring, those with higher income, international reach or specific legal/privacy concerns will benefit most from establishing an offshore company.

Claiming non-residency is a great start, but it’s rarely a complete solution on its own.

Without a legal entity, you may still be seen as a ‘stateless’ freelancer which can cause issues with banks, clients, tax clarity, compliance and risk management and visas or citizenship applications.

A properly structured company (with filings, contracts, bank accounts) demonstrates business stability, compliance and financial legitimacy. With an offshore company you can invoice internationally with a proper business name, reduce your personal tax exposure even further and create a financial footprint independent of any one country. Essentially it gives your global lifestyle a stable home.

For US clients: It is crucial to understand that while the IRS taxes US citizens on their worldwide income regardless of residence offshore companies can still provide benefits such as deferral (postponing paying some taxes to a later date, so your money can grow faster in the meantime), business structure flexibility and access to foreign tax credits (official tax credits for taxes you’ve already paid in another country, which can reduce your tax bill at home), but these benefits requires disciplined reporting and compliance.

For UK, Canadian, and EU residents: An offshore company complements non-residency by providing clear separation of personal and business finances, helping you leverage tax treaties, reduce double taxation risks, and present credible documentation for tax authorities and financial institutions. It also supports smoother access to banking, facilitates international payments, and enhances your professional image.

An Offshorely SVG company is right for you if:

• You want a neutral, portable home base (foreign earnings aren’t taxed in SVG)

• You need global credibility & banking, invoices in a company name, multi-currency accounts, smooth platform onboarding.

• You value recognised records (contracts, payslips, bank statements, year-end accounts) for visas, banks, funders, and due diligence.

• You want a defensible split of income (remote vs on-site) using statments of work and simple work-day logs to support credits/treaty relief and avoid double tax on the same income.

• You’ll run the business from abroad, keeping management outside high-tax countries (reduces “management & control” / PE risk).

• You care about positive impact every setup helps fund micro-grants and free business clinics in St Vincent & the Grenadines.

It’s not a fit if:

• You’ll manage the company from a high-tax country (they may treat the company as tax-resident there).

• Most of your work/sales happen on the ground in one country (a local company is usually cleaner).

• Your income is mostly passive investments (better to use onshore investment/tax wrappers).

• You earn under ~$60k/year, unless you specifically need banking, visa support, or liability separation.

• Jurisdiction matters: your clients/investors require a domestic entity (e.g., Delaware, UK Ltd) or funding depends on a specific setup.
  

The FEIE allows US citizens working abroad to exclude up to around $136,000 (2025) of foreign earned income from US federal income tax, which is a helpful tax relief for many remote workers and freelancers.

However, claiming the FEIE alone may not address all your needs or give access to all opportunities, especially if you don’t have a formal business yet:

• If you’re earning as an employee or contractor without a business entity, it can be harder to optimise your tax and financial arrangements beyond the FEIE limits. Establishing an offshore company provides a legal structure to invoice clients, claim business expenses and separate personal and business finances.

• If your income grows beyond the FEIE limit, having a company lets you manage your earnings more efficiently by paying yourself through salary, dividends, or reinvestment, which may reduce your taxable income.

• Professionalism and access: Many global clients and platforms prefer dealing with companies for contracts and payments. An offshore company also makes it simpler to open multi-currency bank accounts and manage international transactions smoothly.

• Asset protection and future growth: Even if you’re starting small, setting up a company now lays the foundation for growing your freelance work or side projects into a scalable business with legal protections.

• Compliance made easier: Offshorely’s service includes personalised tax planning and helps you comply with US filing requirements like Form 5471 and FBAR, so you stay safe and avoid penalties.

In summary, the FEIE is a valuable tool, but pairing it with a properly structured offshore company provides flexibility, credibility, and financial control especially important as your remote work income or ambitions grow beyond individual employment and freelancing.

Claiming non-resident status with HMRC can reduce your UK tax obligations but it’s often only one part of a broader international tax and business strategy. Without a legal entity like an offshore company, you may face challenges with client contracts, tax clarity and compliance.

An offshore company in a jurisdiction like Saint Vincent & the Grenadines demonstrates business stability and proper structure. It allows you to invoice under a recognised business name, manage income and expenses efficiently and help establish clear separation between personal and business finances. This separation supports your non-resident claim by reducing the risk of 'management and control residency tests (the test that puts a company’s tax residence where its key decisions are made).

While the UK taxes worldwide income on residents, offshore companies provide advantages such as deferral of income taxation by retaining profits within the company, opportunities to use double taxation treaties to reduce overall tax and flexibility in how income is drawn (salary vs dividends).

Compliance with anti-avoidance rules, including Controlled Foreign Company (CFC) legislation, is essential. Offshorely’s tax planning services help UK residents navigate these complexities to keep fully compliant while maximising legitimate tax benefits and business credibility.

Canada taxes its residents on worldwide income and claiming non-resident status with the CRA can mitigate these taxes if you qualify. However, without a formal business entity you can encounter issues with international banking, client trust, tax clarity and compliance management.

An offshore company offers a structured legal entity that supports invoicing, financial management and asset protection. It helps establish clear boundaries between your personal and business affairs, which can reinforce your non-resident status claims. Like other jurisdictions, Canada has rules on foreign affiliates and passive income that require adherence.

Properly structured offshore companies enable deferral of personal taxes by retaining profits within the company and facilitate access to tax treaties that may reduce withholding taxes. Working with Offshorely ensures you have personalised tax planning and compliance advice tailored to Canadian laws to maximise benefits and avoid penalties.

EU countries tax residents on worldwide income under their national laws, though non-resident status can offer tax relief if legitimately claimed. Without a legal company you might face higher scrutiny, difficulties in banking, invoicing and establishing professional credibility internationally.

Offshore companies provide an internationally recognised business structure that simplifies managing income and expenses, supports compliance and establishes a separate legal identity to help reinforce your non-resident position. Many EU countries have Controlled Foreign Corporation (CFC) rules and reporting requirements, so compliant structuring is critical.

Companies based in jurisdictions like Saint Vincent & the Grenadines that do not tax foreign income allow you to defer personal income tax and leverage international tax treaties effectively.

Offshorely's tax planning helps EU residents correctly navigate these rules to maintain compliance while benefiting from offshore structuring.

Actually, the opposite. Setting up an offshore company may sound complex, but with the right support, it doesn’t have to complicate your taxes in fact, it can simplify and optimise your overall tax situation.

Our service helps simplify and separate your personal and business finances making it easier to understand what you owe, where and how to report it.

An offshore company creates a clear legal separation between your business and personal finances which often makes bookkeeping and tax reporting more straightforward. It allows you to organise your income, expenses and payments efficiently, which can actually reduce your administrative workload.

While offshore companies do require you to meet international tax and compliance standards, We’ll give guidance on what’s deductible and what’s not, how to legally reduce your tax burden and when (and where) you might still need to file. We also connect you to licensed accountants for your home country so you stay safe and in the clear.

Properly structured, an offshore company is a tool that can help you legally reduce tax burdens, protect assets, and grow your business without causing unnecessary complications.