An attorney must submit the application and Cabinet must approve it. H.E. 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. St. Vincent and the Grenadines is a signatory to the Inter-American Convention Against Corruption, but not to the UN Anti-Corruption Convention. There is no hyperbaric chamber, and divers requiring treatment for decompression illness must be evacuated from the island. Pedestrian crossings are also very infrequent and can be poorly marked. 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. The national dish is roasted breadfruit and fried jackfish (jack); the fish are commonly caught locally, and breadfruit have been present on the island of Saint Vincent since 1793, when they were brought by Capt. The lower courts include magistrates and family courts; the High Court and the Court of Appeal form the upper level. St. Vincent and the Grenadines does not have a bilateral investment treaty with the United States. Flu Clinics Throughout Saint Vincent and the Grenadines. Included in the Trade Facilitation Agreement are measures to improve risk management techniques and a post-clearance audit system to eliminate delays and congestion at the port. Commissioner of Police Earthquakes may occur at any time, often associated with seismic activity in the volcano. Welcome to the website of the Ministry of Foreign Affairs and Foreign Trade. Welcome. The Hon. These bodies may conduct proceedings in public or private. First Floor, Moussa Building. Performance and Data Localization Requirements. The OECS has not conducted a trade policy review in the last three years. St. Vincent and the Grenadines is signatory to the Paris Convention for the Protection of Industrial Property and the Berne Convention for the Protection of Literary and Artistic Works. The value of the land is based on the amount for which the land would be sold on the open market by a willing seller. The International Financial Accounting Standards, which stem from the General Accepted Accounting Principles, govern the profession in St. Vincent and the Grenadines. SOEs in St. Vincent and the Grenadines are wholly owned government entities. St. Vincent and the Grenadines does not have a recent history of politically-motivated violence or civil disturbance. The 2020 World Bank Doing Business Report ranks St. Vincent and the Grenadines 168th of 190 countries in resolving insolvency. Members of GECCU are asked to note that scholarship application forms for the 2023 Caribbean Primary Exit Assessment (CPEA) are available at GECCU's Kingstown, Georgetown, South Rivers, Bequia, Canouan and Union Island offices. Telephone: 784-457-1344 Severe Weather Information Statement For Saint Vincent And The Grenadines Issued. ContactEmbassy of Saint Vincent and the Grenadinesbefore you travel with questions regarding travel with firearms. Most visits to St Vincent and the Grenadines are trouble-free, but there have been incidents of crime including murder, robbery and assault. The countrys membership in regional organizations, particularly the OECS and its Economic Union, commits the state to implement all appropriate measures to fulfill its various treaty obligations. St. Vincent and the Grenadines is a member of the ECCU and the ECCB. The United States is working with other governments, global initiatives including COVAX and the African Vaccine Acquisition Trust (AVAT), and other partners to get COVID-19 vaccines to where they are needed most. As of March 31, 2020, there were 154 securities listed on the ECSE, comprising 134 sovereign debt instruments, 13 equities, and seven corporate bonds. The Financial Intelligence Unit has the authority to conduct financial investigations with a court order. The National Parks, Rivers and Beaches Authority (NPRBA) wishes to notify the general public that the Rawacou Recreation Park will be TEMPORARILY CLOSED to the public on Saturday, 15th April, 2023. The Public Accounts Committee and Director of Audits ensure the government follows administrative processes. COVID-19 Public Service Announcements COVID-19 Guidance Documents. Cases of Chikungunya virus have been confirmed in St Vincent and the Grenadines. S.R. St. Vincent and the Grenadines does not have a credit bureau. Government. Medical Medical And Diagnostic Centre. The University of the West Indies Open Campus has a location in Saint Vincent. Table 4: Sources of Portfolio Investment Companies must meet export performance requirements to take advantage of certain tax incentives. You should follow and monitor local and international weather updates from the US National Hurricane Centre and follow the advice of local authorities, including any evacuation orders. The Banking Act requires all commercial banks and other institutions to be licensed. The Act provides for the establishment of the ECCB, its management and administration, its currency, relations with financial institutions, relations with the participating governments, foreign exchange operations, external reserves, and other related matters. Friday: Similar weather conditions to . 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. The Governor General may, if both parties consent, refer the dispute to an arbitration panel for settlement. Under the Land Acquisition Act, the government may acquire land for a public purpose. St. Vincent and the Grenadines uses transparent policies and laws to foster competition and establish clear rules for foreign and domestic investors in the areas of tax, labor, environment, health, and safety. The hours of work for specified categories of workers are usually eight hours per day with overtime generally calculated at a rate of time and a half and double time for work done on Sundays and public holidays. Business. 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 new import tax regime lowers Import Duty and Excise Tax rates on certain classes of motor vehicles and modified the motor vehicle Surcharge Tax. Chambers of the Attorney General Ministry of Legal Affairs is located in the Methodist Building opposite the Seventh Day Adventist Church on Grandby Street. Road Conditions and Safety:Major roads are in average to poor condition, and you may encounter wandering animals and slow moving heavy equipment. The government does not impose limits on foreign control, nor are there requirements for local ownership or ownership in locally registered companies. The general practice is to retain an attorney to prepare all incorporation documents. The XCD has been pegged to the U.S. dollar at a rate of XCD 2.70 to USD 1.00 since 1976. 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. The corporate tax rate ranges from 15 to 30 percent, except for companies granted tax holidays under the Fiscal Incentives Act. 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. Bitt completed its participation and formally exited the sandbox in 2019. Firearms:Do not enter Saint Vincent and the Grenadines with firearms or ammunition without prior express consent from the Saint Vincent and the Grenadines government. 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. 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. The Enforcement Division also conducts investigations of customs offenses and administers fines and penalties. 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 The High Court has 16 justices, two of whom are permanently resident in the country and sit in the court of summary jurisdiction. 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. Unanticipated spending on health care, extended welfare and unemployment benefits, and economic stimulus initiatives, coupled with a sharp drop in government revenues in 2020, forced the government to borrow to finance a widening fiscal deficit. Some bills and laws are published on the government website at www.gov.vc. A prime minister, the leader of the majority party, is the head of government. Last Update: Reissued with updates to health information. Telephone Number: 246-227-4000 The government of St. Vincent and the Grenadines strongly encourages foreign direct investment (FDI), particularly in industries that create jobs and earn foreign exchange. 2023 CPEA Scholarship Applications are OPEN! The unicameral legislature, the House of Assembly, has 21 members. [26] Two additional seats in the legislature are designated for the attorney general and the speaker. The government confers certain benefits on registered trusts, including exemptions from various taxes and duties provided the settler was not insolvent at the time the trust was created or did not become insolvent because of the creation of the trust. Tax holidays are also granted to capital-intensive industries investing at least 9.25 million USD (25 million Eastern Caribbean dollars). CARICOM has bilateral agreements with Cuba, Colombia, Costa Rica, the Dominican Republic, and Venezuela. As such, it is also a participant on the Eastern Caribbean Securities Exchange (ECSE) and the Regional Government Securities Market. The countrys markets are usually well stocked with fruits and vegetables. There is no obligation for the government to consider proposed amendments prior to implementation. The southern Grenadines are part of Grenada. There are a number of private radio stations, including one affiliated with a political party and another that broadcasts religious programs. The Ministry of Public Service, Consumer Affairs and Sports wishes to notify the General Public that the Consumer Affairs Officers will be in Bequia to renew and issue Traders Licence for the year 2023. Corruption allegations are investigated by the Royal St. Vincent and the Grenadines Police Force. It seeks to create opportunities for Saint Vincent and . 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. . 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. The government sometimes partners with NGOs and generally encourages philanthropy. Avoid walking alone, especially at night, on beaches, and in isolated or poorly lit locations. Always maintain a safe distance from the vehicle in front of you and watch for signs of sudden braking. St. Vincent and the Grenadines ranked 61st of 190 countries in enforcing contracts in the report. Stick to well-lit and well-traveled routes. If you plan to pass through another country to return to the UK, check the travel advice for the country youre transiting. The Trade Disputes Act provides that alternative dispute mechanisms are available as a means for settling disputes between two private parties. The Trade Disputes (Arbitration and Inquiry) Act Chapter 215 provides for establishment of an arbitration tribunal and a board of inquiry in connection with trade disputes and allows provision for the settlement of such disputes. Email Address: BridgetownPolEcon@state.gov. H.E. 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. HIV/AIDS receives great attention from the health authorities, and domestic violence is a growing area of concern. Local radio and television programming is provided by a government-owned broadcasting company in the capital. A Board of Assessment determines compensation and files its award in the High Court. These must be printed and submitted to the CIPO. H.E. Elections are peaceful and regarded as being free and fair. 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 U.S. assistance to Saint Vincent and the Grenadines is channeled primarily through multilateral agencies such as the World Bank. The Enforcement Division of the Customs and Excise Department spearheads the preventative and enforcement aspects of IPR protection, which includes the detention, seizure, and forfeiture of counterfeit goods. The constitution guarantees the independence of the judiciary. There is generally no statutory standard obligation for public officers to disclose financial information to a specific authority. As of September 18, 2022, Saint Vincent and the Grenadines (SVG) no longer requires air or sea passengers traveling from a foreign country to SVG to show a negative COVID-19 test before they board their flight or to have proof of quarantine arrangements. Information may also be posted to theU.S. Coast Guard homeport website, and the NGA broadcast warnings. 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. Saint Vincent and the Grenadines was elected as a non-permanent member of the United Nations Security Council 2020-21. Short-term forecasts project a sluggish recovery throughout 2021 and a return to pre-pandemic levels of growth and tourism by 2024. 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.). The Arnos Vale Sports Complex, in Kingstown, has become a popular venue for one-day international cricket matches. Sejilla McDowall Flights are on Wednesdays and Sundays and involve a short layover in Barbados but no changing of planes. The law also provides that it is lawful to conduct peaceful picketing in contemplation of a trade dispute. CARIFORUM-EU Economic Partnership Agreement. What you need to know before you go: visas, Embassy & Consulate locations, vaccinations, etc. 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. The Export Free Zones Act of 1999 provides for the designation or establishment of export free zones, which allow for the duty-free import of inputs for processing and export. Less serious cases are heard in magistrates courts. Call us in Washington, D.C. at 1-888-407-4747 (toll-free in the United States and Canada) or 1-202-501-4444 (from all other countries) from 8:00 a.m. to 8:00 p.m., Eastern Standard Time, Monday through Friday (except U.S. federal holidays). Furthermore, some laws are also prosecutable in the U.S., regardless of local law. The government may modify or cancel work permits after a seven-day notice if the holder fails to comply with the conditions of the permit. St. Vincent and the Grenadines has a legislative framework protecting intellectual property rights (IPR). During the period of its control of Saint Vincent and the Grenadines, Britain . It promotes economic development through private sector initiatives in Central America and the Caribbean by expanding foreign and domestic investment in non-traditional sectors, diversifying country economies, and expanding their imports. The leader of the majority party in the House of Assembly becomes prime minister, and selects and heads a cabinet. Carnival is the major cultural event. Government of Saint Vincent and the Grenadines. Foreign investors may finance investments using domestic or foreign capital sources. Invest SVG provides guidance on the relevant laws, rules, procedures, and reporting requirements for investors. 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. Workers have the right to report and/or leave unsafe work environments without jeopardy to continued employment. Both governments are concerned with combating both local production and the transshipment of narcotics. Telephone: +(246) 227-4399 The government and people of Saint Vincent and the Grenadines are pained and anguished at the recent military maneuvers by the Peoples Republic of China (PRC) across the Taiwan Strait which have had the effect of threatening the Republic of China (Taiwan) and undermining peace and security in Asia and globally. Criminal Penalties:You are subject to local laws. They are headed by boards of directors to which senior managers report. This includes travelers arriving by airplane and by private sea-going vessel. News Releases New Import Tax Regime For Motor Vehicles In November 2022, Government introduced a new tax regime for the importation for motor vehicles. The country has a strong judicial system that upholds the sanctity of contracts and prevents unwarranted discrimination towards foreign investors. Invest SVGs FDI policy is designed to attract investment into priority sectors. 17 August 2017. Georgetown HC. Health Facility. Navigation. 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. The economy might struggle to hit its forecasted growth of around 3.7 percent in 2021, and in fact may continue to contract as the tourism sector is impacted by the ongoing pandemic. U.S. International Development Finance Corporation (DFC) and Other Investment Insurance Programs, 13. P.O. While allowable under law, there are no foreign trade zones or free trade zones in St. Vincent and the Grenadines. Secondary education begins at age 11. The Ministers of Finance usually act in consultation with the ECCB with respect to those areas of responsibility within the Minister of Finances portfolio. An official website of the United States Government, Bureau of International Narcotics and Law Enforcement Affairs: Eastern Caribbean Summary, CIA World Factbook Saint Vincent and the Grenadines Page, History of U.S. Relations With Saint Vincent and the Grenadines, USAID Eastern and Southern Caribbean Page, Office of the Special Envoy for Critical and Emerging Technology, Office of the U.S. Minister Hon. Penalties for possession, use, or trafficking in illegal drugs or firearms are severe. The government recognizes trusts if they are in writing and follow the formal requirements for a deed or settlement under the International Trust Act. See ourRoad Safety pagefor more information. There is no restriction on domestic investors seeking to do business abroad. Its purpose is to promote economic integration among its 15 member states. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets. St. Vincent and the Grenadines is a member of the ECCU. Trade unions and leaders of the trade union movement enjoy a strong voice in the labor and economic affairs of the country. Neither the government of St. Vincent and the Grenadines, nor the ECCB, maintains a sovereign wealth fund. If you wish to remain on travel.state.gov, click the "cancel" message. It advises the government on the formation and implementation of policies and programs that attract and facilitate investment. While St. Vincent and the Grenadines has implemented some TFA requirements, it has missed two implementation deadlines. 20 of 2003 allows for severance. The reserve requirement for commercial banks was six percent of deposit liabilities. 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. Advisory Commission on Public Diplomacy, U.S.-Saint Vincent and the Grenadines Relations, U.S. Assistance to Saint Vincent and the Grenadines. 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 unicameral legislature is the House of Assembly. Check passport expiration dates carefully for all travelers! The Caribs put up a strong resistance to European intrusion, which prevented colonisation on St Vincent until the early 18th century. 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. The number of members of the House of Assembly may vary between 21 and 23, depending on whether the attorney general and the speaker are elected from inside or outside the House. 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 volcano erupted almost daily from April 9 to April 22, 2021, forcing the evacuation of nearby communities. The Center for Enterprise Development (CED) will have overall responsibility of the Programme supervision of the PRYME Implementation Unit. Convicted offenders can expect long jail sentences and heavy fines. Grenville Williams Tel: (784) 457-2807 PBX: (784) 456-1111 Emal:BridgetownACS@state.gov. The two countries have signed a maritime law enforcement agreement, an extradition treaty, and a mutual legal assistance treaty. 03 / Select Countries You can add more than one country or area. See our webpage for more information oninsurance providers for overseas coverage. Traders License For The Year 2023. We also use cookies set by other sites to help us deliver content from their services. - Public Health (Covid-19) Rules 2021. 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. Policies Towards Foreign Direct Investment. The International Labor Organization (ILO) has noted with concern the discretionary authority of the government over trade union registration, and the governments unfettered authority to investigate the financial accounts of trade unions. Saint Vincent and the Grenadines passed through various stages of colonial status under the British. Do not leave valuables unattended in public areas, on beaches, unsecured in hotel rooms, or in rental homes. Contactthe Embassy of Saint Vincent and the Grenadinesbefore you travel with questions regarding travel with firearms. The Ministry of Foreign Affairs and Foreign Trade is located on the 3rd Floor of the Administrative Centre on Bay Street. La Soufriere, an active volcano located on the northern part of St. Vincent, poses a constant threat. 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. Address: The government must serve a notice of acquisition on the person from whom the land is acquired. 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. The U.S. military provides assistance through training, exercises, and construction and humanitarian civic action projects. Parties may appeal first to the Eastern Caribbean Supreme Court, an itinerant court that hears appeals from all OECS members. The High Court hears criminal and civil (commercial) matters and makes determinations on constitutional matters. Never venture out alone, particularly at isolated beaches or far out to sea. Vision Statement An international trust, except one that is an international company, will not become void or voidable due to a settlers bankruptcy, insolvency, or liquidation, the law of the settlers domicile or ordinary residence notwithstanding. Arrest Notification:If you are arrested or detained, ask police or prison officials to notify the U.S. Embassy immediately. Telephone Number. 2021 Investment Climate Statements: Saint Vincent and the Grenadines, An official website of the United States Government. More information is available at http://www.cipo.gov.vc. 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. St. Michael BB 14006 Government of St. Vincent & the Grenadines Ministry of Finance, Economic Planning and Information Technology This website was developed with the assistance of the Government of Canada through the Project for the Regional Advancement of Statistics in the Caribbean (PRASC). Local companies are actively encouraged to take advantage of export opportunities specifically related to the countrys membership in the OECS Economic Union and the Caribbean Single Market and Economy (CSME), which enhances the competitiveness of the local and regional private sectors across traditional and emerging high-potential markets. The Revised Treaty of Basseterre established the OECS. The CIPO has an online information portal that describes the steps to register a business in St. Vincent and the Grenadines. Media Center. Calypso, soca (which blends traditional calypso and Indian rhythmic instruments), and Jamaican dancehall and reggae music tend to dominate the countrys music charts. It comprises the High Court of Justice and the Court of Appeal. For medical and fire emergencies call 999. For additional information about national laws and points of contact at local IP offices, please see WIPOs country profiles at http://www.wipo.int/directory/en/. 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. * Source for Host Country Data: Eastern Caribbean Central Bank https://eccb-centralbank.org/statistics/dashboard-datas/. (Coronavirus' page). 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. One affiliated with a Court order Sources of Portfolio investment companies must meet export performance requirements to take advantage certain. Are published on the relevant laws, rules, procedures, and a mutual Legal assistance.... Which prevented colonisation on St Vincent and the Regional government Securities Market up a voice. 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