St. Vincent and the Grenadines ratified the WTO Trade Facilitation Agreement (TFA) in 2017 and subsequently notified its Category A measures. Parties can be represented by legal counsel before the arbitration panel. The EPA promotes trade-related developments in areas such as competition, intellectual property, public procurement, the environment, and the protection of personal data. Invest SVG has the authority to screen and review FDI projects. The government publishes most draft bills in local newspapers for public comment. Through the Fiscal Incentives Act, St. Vincent and the Grenadines offers many incentives for investors and provides the necessary information on the laws, criteria, and application procedures to qualify for these incentives. There are no criminal or administrative sanctions for not providing a response and there is no appeal mechanism for review of a disclosure denial. The WTO Dispute Settlement Panel and Appellate Body resolve disputes over WTO agreements, while courts of appropriate jurisdiction in both countries resolve private disputes. Recommended Web Browsers: Microsoft Edge or Google Chrome. St. Vincent and the Grenadines does not have a recent history of politically-motivated violence or civil disturbance. It comprises the High Court of Justice and the Court of Appeal. St. Vincent and the Grenadines active 2020 labor force was approximately 55,567 persons. The government discloses information on public finances and debt obligations. See ourRoad Safety pagefor more information. Box 356, Kingstown St. Vincent West Indies Email: info@svgfsa.com Telephone: (784) 456-2577 / (784) 457 2328 / (784) 485 6031 OUR MISSION Sejilla McDowall 457-6836. the administration of the islands of the Grenadines group is divided between Saint Vincent and the Grenadines and Grenada; Saint Vincent and the Grenadines is comprised of 32 islands and cays People and Society Population 100,804 (2023 est.) Article 27 (1) allows employees to ask that their services be deemed as severed after six weeks of being laid off from work. Vision Statement An external company must be registered with the Commercial Registry in St. Vincent and the Grenadines if it wishes to operate in the country. The CIPO has an online information portal that describes the steps to register a business in St. Vincent and the Grenadines. The Protection of Employment Act No. U.S. International Development Finance Corporation (DFC) and Other Investment Insurance Programs, 13. Royal St. Vincent and the Grenadines Police Force As part of supervision, licensed financial institutions are required to submit monthly, quarterly, and annual performance reports to the ECCB. The volcano erupted almost daily from April 9 to April 22, 2021, forcing the evacuation of nearby communities. The Equal Pay Act makes provision for the removal and prevention of discrimination, based on the sex of the employee, in the rates or remuneration for males and females in paid employment. Exercise normal precautions in Saint Vincent and the Grenadines. A prime minister, the leader of the majority party, is the head of government. Do not be predictable; vary your daily routes and schedules. Flights are on Wednesdays and Sundays and involve a short layover in Barbados but no changing of planes. Thus, the country must implement regionally developed regulations, such as legislation passed under the OECS Authority, unless it seeks specific concessions not to do so. Avoid displaying flashy jewelry, expensive electronics, and large amounts of cash. Arrest Notification:If you are arrested or detained, ask police or prison officials to notify the U.S. Embassy immediately. Although the law does not require reinstatement of workers fired for union activity, a court may order reinstatement. Please click for full details. The government, however, offered limited cash grants to some workers whose employment was impacted by the layoffs related to the COVID-19 pandemic. The Ministry is the institutional body of the state responsible for the formulation, articulation and implementation of all policies and plans relating to Agriculture, Forestry, Fisheries, Rural Transformation, Industry & Labour. The judicial system consists of lower courts, called magistrates courts, and a family court. The review process is transparent and contingent on the size of capital investment and the projects projected economic impact. The Governor General may, if both parties consent, refer the dispute to an arbitration panel for settlement. 03 / Select Countries You can add more than one country or area. The country has a strong judicial system that upholds the sanctity of contracts and prevents unwarranted discrimination towards foreign investors. Title. Telephone Number: 246-227-4000 The Nine Mornings Festival takes place in Kingstown in the nine mornings preceding Christmas. Ministries. Ministry of Health and the Environment The OECS has not conducted a trade policy review in the last three years. The government recognizes voluntary mediation or conciliation as dispute resolution mechanisms. Always carry your prescription medication in original packaging with your doctors prescription. NOTE:Generally, all U.S. citizens are required to present a valid U.S. passport when traveling to Saint Vincent and the Grenadines, as well as proof of anticipated departure from the country. Vincent and the Grenadines condemns unequivocally the bombarding on 8th January, 2023, of the physical facilities of the democratic institutions of the National Congress and the Supreme Court of Brazil by the forces of fascism and barbarism allied to the former President Jair Bolsonaro who was defeated in the recent presidential elections by Luiz All COVID-19 related travel restrictions have been lifted. Eight participating governments passed the Eastern Caribbean Central Bank Agreement Act. Advisory Commission on Public Diplomacy, 1. The government does not impose limits on foreign control, nor are there requirements for local ownership or ownership in locally registered companies. Invest SVG facilitates domestic and foreign direct investment in priority sectors and advises the government on the formation and implementation of policies and programs to attract investment. Saint Vincent and the Grenadines is a beneficiary of the U.S. Caribbean Basin Initiative, which aims to facilitate the economic development and export diversification of the Caribbean Basin economies by providing countries with duty-free access to the U.S. market for most goods. CARICOM competition policy addresses anti-competitive business conduct such as agreements between enterprises, decisions by associations of enterprises, and concerted practices by enterprises that have as their object or effect the prevention, restriction, or distortion of competition within the Community, and actions by which an enterprise abuses its dominant position within the Community. SOEs in St. Vincent and the Grenadines are wholly owned government entities. At least one trustee must be registered and licensed for an international trust to be registered. The Banking Act 2015 is a harmonized piece of legislation across all ECCU member states. These must be printed and submitted to the CIPO. The main activities are the primary issuance and secondary trading of corporate and sovereign securities, the clearance and settlement of issues and trades, maintaining securities holders records, and providing custodial, registration, transfer agency, and paying agency services in respect of listed and non-listed securities. Enclave enterprises (producing wholly for markets outside of CARICOM) enjoy a 15-year tax holiday. These may change with little warning. La Soufriere, an active volcano located on the northern part of St. Vincent, poses a constant threat. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets. The Caribbean Court of Justice (CCJ) is the regional judicial tribunal. Tax holidays are also granted to capital-intensive industries investing at least 9.25 million USD (25 million Eastern Caribbean dollars). St. Vincent and the Grenadines ranked 130th out of 190 countries in the World Banks 2020 Doing Business report. Convicted offenders can expect long jail sentences and heavy fines. VAT is 16 percent. The sophisticated offshore financial sector provides for one of the most modern International Business Company (IBC) and Trust formation. There is no requirement that enterprises purchase a fixed percentage of goods from local sources. According to the World Banks 2020 Doing Business Report, St. Vincent and the Grenadines ranked 93rd of 190 countries in the ease of starting a business, which takes seven procedures and ten days to complete. - Public Health (Covid-19) Rules 2021. Women are increasingly involved in economic, political, and cultural life to a greater degree than was the case traditionally. The government must serve a notice of acquisition on the person from whom the land is acquired. Public Health (Emergency Authorisation of COVID-19 Vaccine) Rules, 2021. Medical Insurance:Make sure your health insurance plan provides coverage overseas. The Comptroller of Inland Revenue is empowered to assess a trusts eligibility for tax exemptions and may require the registered trustee to provide financial information. The breach of any condition of the license authorizes forfeiture to the government of the interest held by the non-national. The Director of Public Prosecutions has the authority to prosecute a number of corruption-related offenses. However, crimes of opportunity such as petty larceny, burglary, automobile break-ins; as well as incidents of violent crime, such as murder, sexual assault, robbery, shootings, and drug related crimes do occasionally occur. The government of St. Vincent and the Grenadines, through Invest SVG, strongly encourages FDI, particularly in industries that create jobs and earn foreign currency. The constitution guarantees the independence of the judiciary. As a result, the Eastern Caribbean dollar does not fluctuate, creating a stable currency environment for trade and investment. If traveling with prescription medication, check with the government of Saint Vincent and the Grenadines to ensure the medication is legal in Saint Vincent and the Grenadines. International companies are exempt from taxation. Teachers, police officers, public servants, the Medical Association, industrial workers, and some members of the private sector, especially in financial services, operate under collective bargaining agreements. Local value is determined by the percentage of annual sales not contributed by imported materials and services, non-Caribbean Community (CARICOM) national labor, profits and other income payments distributed to members outside of CARICOM, and depreciation on imported machinery and equipment. See our webpage onhelp for U.S. victims of crime overseas. Air Canada's service between St Vincent and Toronto recommenced on 4 November 2022. Foreign Direct Investment and Foreign Portfolio Investment Statistics, http://www.transparency.org/research/cpi/overview, https://www.globalinnovationindex.org/analysis-indicator, https://apps.bea.gov/international/factsheet/, http://data.worldbank.org/indicator/NY.GNP.PCAP.CD, http://theiguides.org/public-docs/guides/saintvincentandthegrenadines, https://tfadatabase.org/members/saint-vincent-and-the-grenadines, https://www.state.gov/reports-bureau-of-democracy-human-rights-and-labor/country-reports-on-human-rights-practices/, https://www.state.gov/trafficking-in-persons-report/, https://www.state.gov/key-topics-bureau-of-democracy-human-rights-and-labor/due-diligence-guidance/, https://home.treasury.gov/system/files/126/dprk_supplychain_advisory_07232018.pdf, https://www.dol.gov/agencies/ilab/resources/reports/child-labor/findings, https://www.dol.gov/agencies/ilab/reports/child-labor/list-of-goods, Host Country Gross Domestic Product (GDP) ($M USD), U.S. FDI in partner country ($M USD, stock positions), Host countrys FDI in the United States ($M USD, stock positions), Country Reports on Human Rights Practices (, Guidance on Implementing the UN Guiding Principles for Transactions Linked to Foreign Government End-Users for Products or Services with Surveillance Capabilities (, North Korea Sanctions and Enforcement Actions Advisory (, Findings on the Worst forms of Child Labor Report (, List of Goods Produced by Child Labor or Forced Labor (, Sweat and Toil: Child Labor, Forced Labor, and Human Trafficking Around the World (. Medical Medical And Diagnostic Centre. Accounting, legal, and regulatory practices are generally transparent and consistent with international norms. The government has not officially closed any industries to private investment, although some activities such as telecommunications, utilities, broadcasting, banking, and insurance require a government license. Tel: (784) 457-2807PBX: (784) 456-1111 Fax: (784) 457-2898Email: ag@gov.vc, Chambers of the Attorney General Ministry of Legal Affairs. If there are confiscation proceedings initiated or contemplated against a corrupt official, the courts can order disclosure of financial information. For example, enclave enterprises must produce goods exclusively for export outside the CARICOM region. It is composed of 15 members (called representatives) elected to . First Floor, Moussa Building. For examples, see our website oncrimes against minors abroadand theDepartment of Justicewebsite. CARIBCAN is an economic and trade development assistance program for Commonwealth Caribbean countries in which Canada provides duty-free access to its national market for most products originating in Commonwealth Caribbean countries. St. Vincent and the Grenadines is also party to the following economic communities and organizations: The Treaty of Chaguaramas established the Caribbean Community (CARICOM) in 1973. St. Vincent and the Grenadines accepted the obligations of Article VIII of the International Monetary Fund Agreement, sections 2, 3, and 4, and maintains an exchange system free of restrictions on making international payments and transfers. Men and women have equal status under the law, and a government department of gender affairs is concerned with issues including gender equality and equal access to social, political, economic, and educational opportunities. Global AIDS Coordinator and Global Health Diplomacy, Office of the U.S. Special Presidential Coordinator for the Partnership for Global Infrastructure and Investment, Special Presidential Envoy for Hostage Affairs, Special Representative for Syria Engagement, U.S. Security Coordinator for Israel and the Palestinian Authority, Office of the U.S. See Crime, Dengue fever is endemic to Latin America and the Caribbean and can occur throughout the year. Bitt, a Barbadian company, developed digital currency DCash in partnership with ECCB. Welcome to the website of the Ministry of Foreign Affairs and Foreign Trade. Sputnik V Authorized in Saint Vincent and the Grenadines. Modified Date. Email Address: BridgetownPolEcon@state.gov. Internal self-government was achieved in 1969 and full independence came a decade later. These fiscal incentives may be granted to manufacturing and processing companies producing Approved Products. Companies must apply to Cabinet to become Approved Enterprises producing such products. The Caribbean Forum of African, Caribbean and Pacific States (CARIFORUM) and the European Community signed an Economic Partnership Agreement (EPA) in 2008. More information is available at http://www.cipo.gov.vc. A prime minister, the leader of the majority party, is the head of government. This consists of an appeals court and a high court, while the final court of appeal remains the Judicial Committee of the Privy Council in London. St. Vincent and the Grenadines is a member of the OECS. Use added caution when attending crowded events, celebrations, music festivals, etc. In November 2020, Ralph Gonsalves, Prime Minister of Saint Vincent and the Grenadines since 2001, made history by securing the fifth consecutive victory of his Unity Labour Party (ULP) in general election. Estimates of Revenue & Expenditure for the Year 2023, Post Disaster Needs Assessment - Volcanic Eruption, National Economic and Social Development Plan, National Centre For Technology Innovation, Onsite Programme SVG - Offering National Support For Internship Training And Employment Application Form, IMF Executive Board Concludes 2022 Article IV Consultation with St. Vincent and the Grenadines. CARICOM established a Caribbean Competition Commission to apply rules of competition regarding anti-competitive cross-border business conduct. Visitors. There is no online registration process, but the required forms are available online. As you would in any major metropolitan area of the U.S., use the below personnel security measures while traveling: *Abide by the above security measures at all times, be aware of your surroundings in all areas, and use added vigilance while in isolated areas where tourists do not normally frequent. Corruption allegations are investigated by the Royal St. Vincent and the Grenadines Police Force. The Treaty of Versailles of 1783 recognised St Vincent as a British colony. Do not leave valuables unattended in public areas, on beaches, unsecured in hotel rooms, or in rental homes. All potential investors seeking an incentive package must submit their proposals for review by Invest SVG to ensure the project is consistent with the nations laws and interests and would provide economic benefits to the country. St. Vincent and the Grenadines has a legislative framework protecting intellectual property rights (IPR). Preliminary Results of the May-June 2017 Caribbean Advanced Proficiency Examinations. The World Banks 2020 Doing Business Report ranks St. Vincent and the Grenadines 168th out of 190 countries in ease of registering property. Between 1960 and 1962, St Vincent and the Grenadines was a distinct administrative unit of the Federation of the West Indies. Buses and taxis do not have special accommodations. Companies manufacturing goods for local or export markets and which have maintained a special account conforming to Comptroller of Inland Revenue requirements have access to reduced tax rates. Following an upturn in cases in St Vincent and the Grenadines, you should take steps to avoid being bitten by mosquitoes. This allowed regulators to gain a better understanding of the product or service and to determine what, if any, regulation is necessary to protect consumers. Navigation. The CDC's latest guidance on international travel for vaccinated people can be foundhere. Avoid walking alone, especially at night, on beaches, and in isolated or poorly lit locations. The capital and major port is Kingstown, on Saint Vincent. Only a narrow list of exceptions outlining the grounds for nondisclosure exists, but there is no specific timeline for relevant authorities to make the requested response or disclosure. The government of St. Vincent and the Grenadines, through Invest SVG, strongly encourages FDI, particularly in industries that create jobs and earn foreign currency. The countrys markets are usually well stocked with fruits and vegetables. [26] Primary education is free but not compulsory. Over the years, Vincentian cricketers have represented the West Indies in international cricket tournaments and have played professionally in England. The NGO community, while comparatively small, is involved in fundraising and volunteerism in gender, health, environmental, and community projects. Its website is http://www.investsvg.com. The United States provides training, equipment, and material to Vincentian security forces, including through the Caribbean Basin Security Initiative. It permits duty-free entry of products manufactured or assembled in St. Vincent and the Grenadines into the United States. The Public Accounts Committee and Director of Audits ensure the government follows administrative processes. What you need to know before you go: visas, Embassy & Consulate locations, vaccinations, etc. 532-1400. Never venture out alone, particularly at isolated beaches or far out to sea. There are also direct flights between St Vincent and Miami and New York, on American Airlines and Caribbean Airways respectively. Ministerial Building The islets of Mopion and Punaise, in the southern Grenadines chain, are twin shifting sandbanks. Friday: Similar weather conditions to . Francis Etienne, Ambassador Extraordinary and Plenipotentiary of The Republic of France to the OECS, Presented Letters Of Credence to the Governor General of Saint Vincent And The Grenadines. Companies holding at least five acres of land may restrict or prohibit the issue or transfer of their shares or debentures to non-nationals. Coordinator for the Arctic Region, Deputy Secretary of State for Management and Resources, Office of Small and Disadvantaged Business Utilization, Under Secretary for Arms Control and International Security, Bureau of Arms Control, Verification and Compliance, Bureau of International Security and Nonproliferation, Under Secretary for Civilian Security, Democracy, and Human Rights, Bureau of Conflict and Stabilization Operations, Bureau of Democracy, Human Rights, and Labor, Bureau of International Narcotics and Law Enforcement Affairs, Bureau of Population, Refugees, and Migration, Office of International Religious Freedom, Office of the Special Envoy To Monitor and Combat Antisemitism, Office to Monitor and Combat Trafficking in Persons, Under Secretary for Economic Growth, Energy, and the Environment, Bureau of Oceans and International Environmental and Scientific Affairs, Office of the Science and Technology Adviser, Bureau of the Comptroller and Global Financial Services, Bureau of Information Resource Management, Office of Management Strategy and Solutions, Bureau of International Organization Affairs, Bureau of South and Central Asian Affairs, Under Secretary for Public Diplomacy and Public Affairs, U.S. The law also provides for public access to information. St Vincent and the Grenadines is a constitutional monarchy and representative democracy with Queen Elizabeth II as head of state, represented by a governor-general. Gaps remain in the legal framework, as Saint Vincent and the Grenadines law does not fully meet international standards because the use of children for prostitution, pornography, or pornographic performances is not prohibited. Government of Saint Vincent and the Grenadines. Air Canadas service between St Vincent and Toronto recommenced on 5 November 2022. The first successful DCash retail central bank digital currency (CDBC) consumer-to-merchant transaction took place in Grenada in February following a multi-year development process. CARICOM has bilateral agreements with Cuba, Colombia, Costa Rica, the Dominican Republic, and Venezuela. The United States supports the Government of Saint Vincent and the Grenadines' efforts to expand its economic base and to provide a higher standard of living for its citizens. The Registry collects all applicable registration fees and stamp duties. There is no single published list of SOEs, though information about individual SOEs is available. Financial Services Authority St Vincent & the Grenadines Important Information ADDRESS Business Hours: 8:00 am - 4:15 pm - weekdays Financial Services Authority 2nd Floor, Reigate Building P.O. Travelers Who Require Accessibility Assistance: Access to buildings, pedestrian paths, and transportation is extremely difficult for persons with mobility issues. Non-nationals must apply for and be granted a license to hold land. Address: Neither the trust nor its beneficiaries will be entitled to tax exemptions for any year during which trust had one or more resident beneficiaries. Email: dppsvg@vincysurf.com, Colin John Fax: +(246) 431-0179 Cable television service provides programs mainly from the British Broadcasting Corporation (BBC) and from North America. H.E. The Eastern Caribbean islands are vulnerable to hurricanes and tropical storms from mid-May through November. These inspectors may refer cases to the police and the public prosecutors office for legal action against an employer who employs underage workers. Thursday: There is a high chance of mostly cloudy skies and a few occasional showers. The Revised Treaty of Basseterre established the OECS. St. Vincent and the Grenadines does not have any specific legislation to regulate cryptocurrencies. It is also a member of the UN World Intellectual Property Organization and is a signatory to its treaties. If you violate local laws, even unknowingly, you may be expelled, arrested or imprisoned. Victims of Crime:Report crimes to the local police at 911 and contact the U.S. Embassy at (246) 227-4000. St. Vincent and the Grenadines is a member of the ECCU and the ECCB. Although theres no recent history of terrorism in St Vincent and the Grenadines, attacks cant be ruled out. Remember that local authorities are responsible for investigating and prosecuting the crime. We do not pay medical bills. Telephone + (246) 227-4399 Emergency + (246) 227-4000 Fax + (246) 431-0179 Email BridgetownACS@state.gov Website U.S. Embassy Bridgetown Saint Vincent and the Grenadines Map View Larger Map Learn about a country Watersports Advisory:Carefully assess the potential risks of recreational water activities and consider your physical capabilities and skills. The law prohibits antiunion discrimination and dismissal for engagement in union activities. Data not available. HIV/AIDS receives great attention from the health authorities, and domestic violence is a growing area of concern. In March 2001, a victory by the ULP ended almost 17 years of NDP dominance. Openness To, and Restrictions Upon, Foreign Investment, 2. In 2014, the government of St. Vincent and the Grenadines signed an intergovernmental agreement with the United States to facilitate compliance for FATCA, which makes it mandatory for St. Vincent and the Grenadines banks to report the banking information of U.S. citizens. Citizens. The government also provides tax holidays as an investment incentive. Public Health COVID-19 Gathering Rules 2021, Protocol For Special Quarantine Arrangement - Working Quarantine - Humanitarian, Bubble Resort Protocols & FAQs-Mandarin Oriental, Canouan, Protocol for the Entry of Travellers to Saint Vincent and the Grenadines by Yacht - (Revised 16-06-22), Yachts Request for Quarantine on Board Form, S.R. Invest SVG has the main responsibility for investment supervision, while the Ministry of Economic Planning, Sustainable Development, Industry, Information and Labor tracks investments to collect information for national statistics and reporting purposes. The government sometimes establishes a select committee to suggest amendments to specific draft bills. This provision is generally observed in practice. Please click for full details. Cases of Chikungunya virus have been confirmed in St Vincent and the Grenadines. St. Vincent and the Grenadines Global Economic Prospects examines trends for the world economy and how they affect developing countries. The Eastern Caribbean Supreme Court is the domestic arbitration body, and the local courts recognize and enforce foreign arbitral awards. Investors operating in St. Vincent and the Grenadines have preferential access to the entire CARICOM market. It seeks to create opportunities for Saint Vincent and the Grenadines in the field of foreign trade through the negotiation and monitoring of the relevant agreements and treaties. The unicameral legislature is the House of Assembly. The final court of appeal is the Judicial Committee of the UK Privy Council. There is no restriction on domestic investors seeking to do business abroad. Wildey Please . Government health initiatives are directed primarily against chronic diseases, including diabetes and hypertension. The Industry Unit under the Ministry of Finance, Economic Planning, Sustainable Development and Information Technology administers this Act. Kingstown, It is composed of 15 members (called representatives) elected to five-year terms by universal adult suffrage, along with six nonelected members (called senators) who are appointed by the governor-generalfour on the advice of the prime minister and two on the advice of the leader of the opposition. St. Vincent and the Grenadines is not a signatory of the Montreux Document on Private Military and Security Companies or a participant in the International Code of Conduct for Private Security Service Providers Association. Fifteen members are elected at least every five years by universal adult suffrage, six senators are appointed by the governor-general on the advice of the prime minister, and two on the advice of the leader of the opposition. The government offers other incentive packages on an ad hoc basis. SOURCE: The Ministry of Foreign Affairs and Foreign Trade There is relatively little police enforcement of traffic regulations. The Center for Enterprise Development (CED) will have overall responsibility of the Programme supervision of the PRYME Implementation Unit. Bitt completed its participation and formally exited the sandbox in 2019. You can add more than one country or area. You are about to leave travel.state.gov for an external website that is not maintained by the U.S. Department of State. The Enforcement Division also conducts investigations of customs offenses and administers fines and penalties. Frenches Gate, Kingstown The unicameral legislature, the House of Assembly, has 21 members. Minister Hon. As such, it is also a participant on the Eastern Caribbean Securities Exchange (ECSE) and the Regional Government Securities Market. We use some essential cookies to make this website work. HIV/AIDS:The U.S. Department of State is unaware of any HIV/AIDS entry restrictions for visitors to or foreign residents of Saint Vincent and the Grenadines. St. Vincent and the Grenadines ranked 61st of 190 countries in enforcing contracts in the report. Our website oncrimes against minors abroadand theDepartment of Justicewebsite Grenadines has a strong judicial system that upholds sanctity! A High chance of mostly cloudy skies and a few occasional showers these fiscal incentives may be,. Precautions in Saint Vincent and the Grenadines applicable registration fees and stamp duties the last years. 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