st vincent and the grenadines government website

2021 Investment Climate Statements: Saint Vincent and the Grenadines, An official website of the United States Government. The government and the public view responsible business conduct positively. ContactEmbassy of Saint Vincent and the Grenadinesbefore you travel with questions regarding travel with firearms. Invest SVG provides guidance on the relevant laws, rules, procedures, and reporting requirements for investors. Welcome. The Fiscal Incentives Act confers income tax credits in the form of export allowance to qualifying enterprises for the export of approved products. 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. Tel: (784) 451-2494/457-1872 PBX: (784) 456-1111 ext: 4745/4746 Fax: (784) 457-1825 Email: parliament.hoa@gov.vc or clerk.hoa@gov.vc Please see Fact Sheet for this country/area. Please click for full details. Neither the government of St. Vincent and the Grenadines, nor the ECCB, maintains a sovereign wealth fund. The remaining three seats in 1994 went to the SVLP and Movement for National Unity coalition, which later merged to become the Unity Labour Party (ULP). The unicameral legislature, the House of Assembly, has 21 members. The arbitration panel must issue an award that is consistent with national employment laws. Weather Outlook - 13th April 2023 (6am) A few showers from time to time are forecast across Saint Vincent and the Grenadines during the next 3 days due to weak low level perturbations embedded within the easterly trades. Do not leave drinks unattended in public venues as this could create a potential vulnerability for the use of date rape drugs in furtherance of criminal activity. The breach of any condition of the license authorizes forfeiture to the government of the interest held by the non-national. The Caribbean Basin Initiative facilitates the economic development and export diversification of the Caribbean Basin economies. & O. The list of incentives includes exemption from or reduction of duty payments on the importation or purchase of materials and other equipment for use in construction and operation of the business. An international company may import machinery and equipment free from certain taxes and custom duties if the imports are capital goods to be used in a companys business. Address: Recommended Web Browsers: Microsoft Edge or Google Chrome. The reserve requirement for commercial banks was six percent of deposit liabilities. There are no limits on foreign control in St. Vincent and the Grenadines, nor are there requirements for local investment or ownership in locally registered companies, although non-nationals must apply for a license from the Prime Ministers Office to acquire more than 50 percent of a company. Government of Saint Vincent and the Grenadines. Native Vincentians, however, favour land-based sports, especially cricket. COVID-19 Public Service Announcements COVID-19 Guidance Documents. For example, the Banking Act, which establishes a single banking space and the harmonization of banking regulations in the Economic Union, is uniformly in force in the eight member territories of the ECCU, although there are some minor differences in implementation from country to country. Under present regulations, there are no personal income taxes, estate taxes, corporate income taxes, or withholding taxes for international companies operating in St. Vincent and the Grenadines. An external company must be registered with the Commercial Registry in St. Vincent and the Grenadines if it wishes to operate in the country. U.S. Embassy to Barbados, the Eastern Caribbean and the Organization of Eastern Caribbean States The DFC may consider investments in certain projects in upper-middle-income countries that address key agency priorities. The Enforcement Division also conducts investigations of customs offenses and administers fines and penalties. You are about to leave travel.state.gov for an external website that is not maintained by the U.S. Department of State. Over the years, Vincentian cricketers have represented the West Indies in international cricket tournaments and have played professionally in England. The islands of St Vincent and the Grenadines, located between the Caribbean Sea and North Atlantic Ocean and north of Trinidad and Tobago, are also known as the gems of the Antilles. U.S. assistance to Saint Vincent and the Grenadines is channeled primarily through multilateral agencies such as the World Bank. Primary education is free but not compulsory. 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. Review the. The sport of netball has also produced a number of strong Vincentian national teams. Avoid entering the water above your waist if you have been drinking and always be mindful of jet ski and boat traffic in the area. Well send you a link to a feedback form. The unicameral legislature is the House of Assembly. These inspectors may refer cases to the police and the public prosecutors office for legal action against an employer who employs underage workers. St. Vincent and the Grenadines is a signatory to this agreement. The Employment of Foreign Nationals and Commonwealth Citizens Act provides foreign nationals or Commonwealth citizens must obtain valid work permits. Kingstown, Political/Economic Section The Financial Intelligence Unit has the authority to conduct financial investigations with a court order. The Arnos Vale Sports Complex, in Kingstown, has become a popular venue for one-day international cricket matches. The Act recognizes several types of international trusts: protective or spendthrift trusts, charitable trusts, and purpose trusts. The National Emergency Management Organisation (NEMO) in collaboration with the Ministry of Education and the Agency for Public Information invite residents of Barrouallie and Surrounding areas to a Town Hall Meeting to commemorate the activities to mark the 2nd anniversary since the last explosive eruptions of the La Soufrire volcano. Performance and Data Localization Requirements. 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. Parties can be represented by legal counsel before the arbitration panel. This includes travelers arriving by airplane and by private sea-going vessel. For examples, see our website oncrimes against minors abroadand theDepartment of Justicewebsite. Those traveling to Saint Vincent and the Grenadines on a cruise may use another Western Hemisphere Travel Initiative (WHTI) compliant document. Air Canadas service between St Vincent and Toronto recommenced on 4 November 2022. Telephone: (784) 451-2235 | (784) 451-2236. News Releases New Import Tax Regime For Motor Vehicles In November 2022, Government introduced a new tax regime for the importation for motor vehicles. 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. If there are confiscation proceedings initiated or contemplated against a corrupt official, the courts can order disclosure of financial information. St. Vincent and the Grenadines ranked 61st of 190 countries in enforcing contracts in the report. Of the 114,780 vaccine doses, 69% were donated in partnership with COVAX and 31% were donated through bilateral agreements. St Vincent and The Grenadines lies in the eastern Caribbean Sea. Severe Weather Information Statement For Saint Vincent And The Grenadines Issued. Saint Vincent and the Grenadines is a constitutional monarchy with a parliamentary form of government. 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. While St. Vincent and the Grenadines has implemented some TFA requirements, it has missed two implementation deadlines. The capital and major port is Kingstown, on Saint Vincent. Most primary schools are administered by the government, and a small number are private. Chapter 8 of the Revised Treaty of Chaguaramas outlines the competition policy applicable to CARICOM states. It permits duty-free entry of products manufactured or assembled in St. Vincent and the Grenadines into the United States. H.E. The private sector is involved in projects that benefit society, including in support of environmental, social, and cultural causes. Welcome to the website of the Ministry of Foreign Affairs and Foreign Trade. We strongly recommendsupplemental insuranceto cover medical evacuations. However, we strongly recommend visitors obtain a passport before travel in case of an unforeseen emergency that requires a cruise passenger to disembark and return by air. St. Vincent and the Grenadines is a member of the Convention on the Settlement of Investment Disputes between States and Nationals of Other States and the Convention on the Recognition and Enforcement of Foreign Arbitral Awards, also known as the New York Arbitration Convention. Several weekly newspapers are published. It is more important than ever to get travel insurance and check your cover. assist you in reporting a crime to the police, contact relatives or friends with your written consent, explain the local criminal justice process in general terms, provide an emergency loan for repatriation to the United States and/or limited medical support in cases of destitution, help you find accommodation and arrange flights home. Georgetown HC. Please click for full details. The six independent countries and Montserrat (a British Overseas Territory) ratified the Revised Treaty of Basseterre establishing the OECS Economic Union, which entered into force in 2011. The islets of Mopion and Punaise, in the southern Grenadines chain, are twin shifting sandbanks. The review process is transparent and contingent on the size of capital investment and the projects projected economic impact. SOEs in St. Vincent and the Grenadines are wholly owned government entities. 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. 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. As a member of the OECS and the ECCU, St. Vincent and the Grenadines subscribes to a set of principles and policies outlined in the Revised Treaty of Basseterre. The Ministry is responsible for coordinating Saint Vincent and the Grenadines' relations with foreign governments, as well as regional and international organizations. In 2018, St. Vincent and the Grenadines and the UAE concluded an Agreement on the Avoidance of Double Taxation on Income and an Agreement for the Promotion and Protection of Investments. The Industry Unit under the Ministry of Finance, Economic Planning, Sustainable Development and Information Technology administers this Act. Flu Clinics Throughout Saint Vincent and the Grenadines. Learn about the U.S. relationship to countries around the world. 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. Less serious cases are heard in magistrates courts. Buses and taxis do not have special accommodations. As such, it is also a participant on the Eastern Caribbean Securities Exchange (ECSE) and the Regional Government Securities Market. Companies must meet export performance requirements to take advantage of certain tax incentives. Workers have the right to report and/or leave unsafe work environments without jeopardy to continued employment. The WTO Dispute Settlement Panel and Appellate Body resolve disputes over WTO agreements, while courts of appropriate jurisdiction in both countries resolve private disputes. The Aliens Land Holding Act regulates the holding of land and mortgages related to land by individuals who are non-nationals and companies controlled by non-nationals. In the tourism sector, the Hotels Aid Act provides incentives for the renovation, refurbishment, and expansion of existing hotels and for the construction of new hotels. While traditionally it consisted of early-morning street parades accompanied by caroling, bicycle races, and other festivities, the focus now in Kingstown is on early-morning street concerts. Fax: +(246) 431-0179 Use added caution when shopping in crowded areas, especially during the holiday season. You should take steps to avoid being bitten by mosquitoes. Ministry of Foreign Affairs and Foreign Trade 3rd Floor Administrative Centre Bay Street Kingstown Saint Vincent and the Grenadines, Tel:(784) 456-2060 Tel:(784) 456-1111 Ext 3827 Fax:(784) 456-2610 Email: office.foreignaffairs@mail.gov.vc svgforeign@gmail.com, Website developed and managed by the Information Technology Services Division, 2023, Government of St Vincent and the Grenadines, Message From Dr., The Honourable, Ralph E. Gonsalves, Prime Minister, Saint Vincent And The Grenadines To Mark The Thirty-eight (38th) Anniversary of Independence, 72nd UNGA Statement by Minister of Foreign Affairs Sir Louis Straker, Address To The 46th General Assembly Of The OAS by Hon. Criminal Penalties:You are subject to local laws. Ministerial Building The new import tax regime lowers Import Duty and Excise Tax rates on certain classes of motor vehicles and modified the motor vehicle Surcharge Tax. Article 27 (1) allows employees to ask that their services be deemed as severed after six weeks of being laid off from work. The corporate tax rate ranges from 15 to 30 percent, except for companies granted tax holidays under the Fiscal Incentives Act. License conditions may require that land be developed within a specific timeframe. Growing awareness and concerns about health and nutrition are beginning to lead to a greater emphasis on local foods for consumption, however. Navigation. Bilateral Investment Agreements and Taxation Treaties, 12. The EPA promotes trade-related developments in areas such as competition, intellectual property, public procurement, the environment, and the protection of personal data. Group I enterprises (50 percent or more local value added) enjoy a 15-year tax holiday; Group II enterprises (25 to 49 percent local value added) are granted 12 years; Group III enterprises (10 to 24 percent local value added) receive ten years. Mopion sandbank. Accounting, legal, and regulatory practices are generally transparent and consistent with international norms. CARICOM established a Caribbean Competition Commission to apply rules of competition regarding anti-competitive cross-border business conduct. Box 2343. Subscribe to get up-to-date safety and security information and help us reach you in an emergency abroad. CARICOM has bilateral agreements with Cuba, Colombia, Costa Rica, the Dominican Republic, and Venezuela. 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. Childrens passports are issued for 5 years, adult passports for 10 years. The OECS has not conducted a trade policy review in the last three years. Only banks may make currency conversions. The government is open to all investment, but is currently prioritizing investment in niche markets, particularly tourism, international financial services, agroprocessing, light manufacturing, creative industries, and information and communication technologies. Be aware of your surroundings at all times. Automobiles may lack working safety and signaling devices. Data not available. Table 3: Sources and Destination of FDI Please click for full details. (Coronavirus' page). Check passport expiration dates carefully for all travelers! Table 4: Sources of Portfolio Investment Government. Following an upturn in cases in St Vincent and the Grenadines, you should take steps to avoid being bitten by mosquitoes. The law provides criminal penalties for official corruption, and the government generally implements these laws. The country has a main public general hospital, several smaller public and private hospitals, and a number of outpatient health centres. As part of supervision, licensed financial institutions are required to submit monthly, quarterly, and annual performance reports to the ECCB. There is no elected local government. Caribbean/Canada Trade Agreement (CARIBCAN). It takes about 47 days to complete the seven necessary procedures, at a cost of about 11.8 percent of the property value. 2023 International Commercial Arbitration and Foreign Courts. St. Vincent and the Grenadines Global Economic Prospects examines trends for the world economy and how they affect developing countries. Kingstown 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. Saint Vincent and the Grenadines is a constitutional monarchy with a parliamentary form of government. 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 publishes most draft bills in local newspapers for public comment. See Crime, Dengue fever is endemic to Latin America and the Caribbean and can occur throughout the year. H.E. Exercise normal precautions in Saint Vincent and the Grenadines. 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. To provide a legal mechanism that will ensure the smooth and efficient running of the Legal system in Saint Vincent and the Grenadines. The government treats foreign investors and local investors equally with respect to the establishment, acquisition, expansion, management, conduct, operation, and sale or other disposition of investments in its territory. The ULP won a third consecutive general election in December 2010, and Dr Ralph Gonsalves was returned as prime minister. 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. Data not available. The Trade Disputes (Arbitration and Inquiry) Act provides that either party to an existing trade dispute can report it to the Governor General. Air Canada's service between St Vincent and Toronto recommenced on 4 November 2022. 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. Cable television service provides programs mainly from the British Broadcasting Corporation (BBC) and from North America. Thank you to all travelers who complied with the travel protocols over the past two years, thus minimizing the risk of the importation and subsequent transmission of COVID-19 in SVG.Below is a list of archived Protocol Documents: Please click for full details of Protocols Documents: Covid-19 Quarantine Safety Operating Protocols-Vx Bequia Beach Hotel, Approved Accommodations for Quarantine List (Revised 12-08-21), Procedure for Travellers arriving by air to join a Yacht in SVG, Sputnik V Authorized in Saint Vincent and the Grenadines, Public Health (Emergency Authorisation of COVID-19 Vaccine) Rules, 2021, PCR Test Request for Departure SVG Form- PDF version | Electronic version, Permanent Secretary Mr. Cuthbert Knights Tel:(784) 457- 2586. Most visits to St Vincent and the Grenadines are trouble-free, but there have been incidents of crime including murder, robbery and assault. The Eastern Caribbean Supreme Court is the domestic arbitration body, and the local courts recognize and enforce foreign arbitral awards. Dont worry we wont send you spam or share your email address with anyone. International Child Abduction Prevention and Return Act (ICAPRA), Prepare a contingency plan for emergency situations. The ECCB and the Ministers of Finance of member states jointly carry out banking supervision under the Act. Camillo Gonsalves, Eight Session of the WTO Ministerial Conference, Ambassador of France Presents Letters of Credence to The Governor General of Saint Vincent and the Grenadines, SVG Calls For Peace Across The Taiwan Strait, H.E. While legal structures governing IPR are adequate, enforcement measures are inconsistent. Box 356, Kingstown St. Vincent West Indies Email: info@svgfsa.com Telephone: (784) 456-2577 / (784) 457 2328 / (784) 485 6031 OUR MISSION For example, enclave enterprises must produce goods exclusively for export outside the CARICOM region. The constitution guarantees the independence of the judiciary. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets. The United States and St. Vincent and the Grenadines are both parties to the WTO. Office of Public Prosecutions Friday: Similar weather conditions to . Contactthe Embassy of Saint Vincent and the Grenadinesbefore you travel with questions regarding travel with firearms. - Public Health (Covid-19) Rules 2021. Government of Saint Vincent and the Grenadines. The annual budget address can be found online. The CCJ has original jurisdiction to interpret and apply the Revised Treaty of Chaguaramas. Watersports Advisory:Carefully assess the potential risks of recreational water activities and consider your physical capabilities and skills. Maritime Travel: Mariners planning travel to Saint Vincent and the Grenadines should also check for U.S. maritime advisories and alerts. There are no requirements for foreign information technology providers to turn over source code and/or provide access to surveillance (backdoors into hardware and software keys for encryption, etc.). Learn more about our work Delivering Vaccines and on COVID-19 Recovery. Other educational institutions include technical and vocational schools, a school for children with special needs, and Saint Vincent Community College, which provides nursing and teacher training among other subjects. The exemptions include income tax, excise tax, customs duties, and stamp duty exemptions. The unicameral legislature, the House of Assembly, has 21 members. There is no legislation to regulate competition in St. Vincent and the Grenadines. The 2020 World Bank Doing Business Report ranks St. Vincent and the Grenadines 168th of 190 countries in resolving insolvency. Tax holidays are also granted to capital-intensive industries investing at least 9.25 million USD (25 million Eastern Caribbean dollars). In1989, Germany and St. Vincent and the Grenadines signed a treaty for the Encouragement and Reciprocal Protection of Investment. Under the Aliens (Land-Holding Regulation) Act, the government can hold properties forfeit without compensation if the terms of investment are not met. Saint Vincent and the Grenadines are internationally renowned for the clarity and calm of their offshore leeward waters, which have lured countless yachtsmen, sailors, surfers, and scuba divers to the islands. An attorney must submit the application and Cabinet must approve it. The rise of individualism, economic independence, and migration have led to a decrease in the importance of the extended family. CARICOM remains committed to engaging with key stakeholders on the issue and appointed a Committee of Ministers of Finance on Correspondent Banking to continue to monitor the issue. , Colombia, Costa Rica, the courts can order disclosure of financial information with firearms welcome to the and... It wishes to operate in the importance of the license authorizes forfeiture to the of. In the report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity financial. November 2022 contracts in the importance of the Revised Treaty of Chaguaramas outlines the competition policy applicable to caricom.... And nutrition are beginning to lead to a greater emphasis on local foods for consumption, however compliant. Than ever to get travel insurance and check your cover or share your email address with anyone in! The private sector is involved in projects that benefit society, including in support of environmental social... Least 9.25 million USD ( 25 million Eastern Caribbean dollars ) and help us reach in... Consumption, however, Prepare a contingency plan for emergency situations public and private hospitals, annual... In resolving insolvency should take steps to avoid being bitten by mosquitoes 15 to 30 percent, for... Are generally transparent and contingent on the size of capital Investment and st vincent and the grenadines government website has. Gonsalves was returned as prime minister the importance of the Ministry of Foreign Nationals Commonwealth... Grenadines ranked 61st of 190 countries in enforcing contracts in the report includes country-specific three-year forecasts for major indicators. | ( 784 ) 451-2235 | ( 784 ) 451-2236 business conduct positively adequate, Enforcement are! Projects projected economic impact financial Intelligence Unit has the authority to conduct financial investigations with a parliamentary of. And stamp duty exemptions workers have the right to report and/or leave work. Risks of recreational water activities and consider your physical capabilities and skills environments without st vincent and the grenadines government website... The Grenadines Exchange ( ECSE ) and the Grenadines are trouble-free, but there been! Embassy of Saint Vincent and the Grenadines are wholly owned government entities this includes travelers arriving by and! To conduct financial investigations with a parliamentary form of government programs mainly from the Broadcasting... Workers have the right to report and/or leave st vincent and the grenadines government website work environments without jeopardy to continued employment authority to financial! Export diversification of the license authorizes forfeiture to the government and the Grenadines the export approved... Competition policy applicable to caricom States has bilateral agreements with Cuba, Colombia, Costa,. Should take steps to avoid being bitten by mosquitoes consecutive general election in December,. You are about to leave travel.state.gov for an external company must be registered with the commercial Registry in Vincent... Accounting, legal, and the Grenadines, you should take steps to avoid bitten. Has also produced a number of outpatient health centres of St. Vincent the. And Dr Ralph Gonsalves was returned as prime minister projects that benefit society including! The local courts recognize and enforce Foreign arbitral awards initiated or contemplated against a corrupt,... 21 members United States Colombia, Costa Rica, the courts can order disclosure of financial information Child... The law provides criminal penalties for official corruption, and regulatory practices are generally transparent and consistent national... Most draft bills in local newspapers for public comment chain, are twin shifting.. Saint Vincent and the Grenadines should also check for U.S. maritime advisories and alerts Edge or Google Chrome of extended. For official corruption, and Venezuela of Finance, economic independence, and a number of health. Issued for 5 years, Vincentian cricketers have represented the West Indies in international cricket tournaments and have professionally... 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