The OECS promotes harmonization among member states in foreign policy, defense and security, and economic affairs. Office of the Special Envoy for Critical and Emerging Technology, Office of the U.S. Foreign investors may finance investments using domestic or foreign capital sources. See Natural disasters. You have accepted additional cookies. Ralph E. Gonsalves Delivered Remarks at the EU-LAC High-Level Pharmaceutical Forum, Eastern Caribbean Green Entrepreneurship Initiative Opens Applications for Third Cohort of Incubator Program, Import and Export Control Regulations and Orders. Crime:U.S. Citizens are not specifically targeted for crime in the Eastern Caribbean islands. There is no online registration process, but the required forms are available online. 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. Government of Saint Vincent and the Grenadines. Consular support is not available from the British High Commission in Kingstown. The ECCB and the Ministers of Finance of member states jointly carry out banking supervision under the Act. We can: Domestic Violence:U.S. citizen victims of domestic violence may contact the U.S. Embassy for assistance at (246) 227-4000. There are a number of private radio stations, including one affiliated with a political party and another that broadcasts religious programs. 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. 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. 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. Road Conditions and Safety:Major roads are in average to poor condition, and you may encounter wandering animals and slow moving heavy equipment. There are also direct flights between St Vincent and Miami and New York, on American Airlines and Caribbean Airways respectively. All COVID-19 related travel restrictions have been lifted. It will take only 2 minutes to fill in. 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/. Before you travel, check the Entry requirements section for St Vincent and the Grenadines current entry restrictions and requirements. Saint Vincent and the Grenadines was elected as a non-permanent member of the United Nations Security Council 2020-21. Penalties for possession, use, or trafficking in illegal drugs or firearms are severe. 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. DEPARTMENT of STATE BUREAU of CONSULAR AFFAIRS, Saint Vincent and the Grenadines International Travel Information, prevention of international child abduction, Embassy of Saint Vincent and the Grenadines, victims compensation programs in the United States, insurance providers for overseas coverage, the Embassy of Saint Vincent and the Grenadines, government of Saint Vincent and the Grenadines, U.S. Centers for Disease Control and Prevention (CDC). Faith-Based Travelers: See the following webpages for details: LGBTI Travelers:Consensual same-sex sexual activity is illegal, with penalties up to 10 years in prison. 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. Monitor the Caribbean Disaster Emergency Management Agency (CDEMA) and St. Vincents National Emergency Management Organization (NEMO) website and NEMO social media for the latest updates. There is no restriction on domestic investors seeking to do business abroad. Bitt, a Barbadian company, developed digital currency DCash in partnership with ECCB. 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. Modified Date. The ECSE and its subsidiaries, the Eastern Caribbean Central Securities Depository and the Eastern Caribbean Central Securities Registry, facilitate activities on the ECSE. In addition, the government circulates bills at stakeholder meetings. Barbados, W.I. Wed like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. Sputnik V Authorized in Saint Vincent and the Grenadines. H.E. The overarching objectives of the EPA are to alleviate poverty, promote regional integration and economic cooperation, and foster the gradual integration of the CARIFORUM states into the world economy by improving trade capacity and creating an investment-conducive environment. There is no single published list of SOEs, though information about individual SOEs is available. Watersports Advisory:Carefully assess the potential risks of recreational water activities and consider your physical capabilities and skills. 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. 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). 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. Emergency After-Hours Telephone: +(246) 227-4000 The Revised Treaty of Chaguaramas (RTC) established the CSME, which permits the free movement of goods, capital, and labor among CARICOM states. We strongly recommendsupplemental insuranceto cover medical evacuations. Of the 114,780 vaccine doses, 69% were donated in partnership with COVAX and 31% were donated through bilateral agreements. These may change with little warning. 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. St. Vincent and the Grenadines is a member of the Organization of Eastern Caribbean States (OECS) and the Eastern Caribbean Currency Union (ECCU). See ourRoad Safety pagefor more information. The two countries have signed a maritime law enforcement agreement, an extradition treaty, and a mutual legal assistance treaty. 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.). After the attainment of independence in 1979 the multi-island state was renamed Saint Vincent and the Grenadines. If approved, the non-national must file the license at the Registry of the High Court. Recommended Web Browsers: Microsoft Edge or Google Chrome. 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. Accounting, legal, and regulatory practices are generally transparent and consistent with international norms. 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. This includes travelers arriving by airplane and by private sea-going vessel. Government of Saint Vincent and the Grenadines. Eight participating governments passed the Eastern Caribbean Central Bank Agreement Act. The ECCB regulates financial institutions. Workers have the right to report and/or leave unsafe work environments without jeopardy to continued employment. Saint Vincent and the Grenadines court system consists of a lower and an upper judiciary. 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). Address: There is no obligation for the government to consider proposed amendments prior to implementation. Employers who fail to pay minimum wages are subject to orders for the payment of the wages. CARICOM has bilateral agreements with Cuba, Colombia, Costa Rica, the Dominican Republic, and Venezuela. Kingstown Convicted offenders can expect long jail sentences and heavy fines. Trade unions and leaders of the trade union movement enjoy a strong voice in the labor and economic affairs of the country. 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. Non-nationals must apply for and be granted a license to hold land. For children, the focus of attention is on immunization against diseases such as polio and measles. The NGO community, while comparatively small, is involved in fundraising and volunteerism in gender, health, environmental, and community projects. 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. In1989, Germany and St. Vincent and the Grenadines signed a treaty for the Encouragement and Reciprocal Protection of Investment. They are headed by boards of directors to which senior managers report. Government health initiatives are directed primarily against chronic diseases, including diabetes and hypertension. & O. St. Vincent and the Grenadines is a member of the ECCU. In the event of an injury, hospitals are able provide urgent medical treatment, though very serious injuries often require medical evacuation. St. Vincent and the Grenadines does not have a bilateral investment treaty or a free trade agreement with an investment chapter with the United States. Mopion is furnished with a single thatched umbrella, Punaise is simply . Telephone: 784-457-1344 Frenches Gate, Kingstown Invest SVG provides guidance on the relevant laws, rules, procedures, and reporting requirements for investors. A business must register with the Commerce and Intellectual Property Office (CIPO), the Ministry of Trade, the Inland Revenue Department, and the National Insurance Service. Dont include personal or financial information like your National Insurance number or credit card details. The Ministry of Health & the Environment is located on the first floor of the Government Ministerial Building, situated on Halifax Street. The CBB and the FSC established a regulatory sandbox in 2018 where financial technology entities can do live testing of their products and services. Ministries. Investors operating in St. Vincent and the Grenadines have preferential access to the entire CARICOM market. The Governor General may, if both parties consent, refer the dispute to an arbitration panel for settlement. The Arnos Vale Sports Complex, in Kingstown, has become a popular venue for one-day international cricket matches. We also use cookies set by other sites to help us deliver content from their services. The Enforcement Division also conducts investigations of customs offenses and administers fines and penalties. 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. There is no legislation to regulate competition in St. Vincent and the Grenadines. 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 NDP was returned to power in the 1989 elections, and also in the 1994 elections, when it took 12 seats. Invest SVGs FDI policy is designed to attract investment into priority sectors. Please see Fact Sheet for this country/area. Constitutions and Comparative Constitutional Study . See our webpage for more information oninsurance providers for overseas coverage. The Trade Disputes (Arbitration and Inquiry) Act provides that either party to an existing trade dispute can report it to the Governor General. Pedestrian crossings are also very infrequent and can be poorly marked. Through the Invest St. Vincent and the Grenadines Authority (Invest SVG), the government facilitates FDI and maintains an open dialogue with current and potential investors. 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. Over the years, Vincentian cricketers have represented the West Indies in international cricket tournaments and have played professionally in England. It comprises the High Court of Justice and the Court of Appeal. COVID-19 Protocols Documents Use added caution when attending crowded events, celebrations, music festivals, etc. Vision Statement St. Vincent and the Grenadines is a member of the CFATF. Please refer to ourRoad Safety pagefor more information. Welcome to the website of the Ministry of Foreign Affairs and Foreign Trade. Email: dppsvg@vincysurf.com, Colin John Kingstown. The Caribs put up a strong resistance to European intrusion, which prevented colonisation on St Vincent until the early 18th century. Vincentians are equally fond of football (soccer); the national team has played in the Caribbean Cup and the Gold Cup world competition. The government sometimes partners with NGOs and generally encourages philanthropy. VAT is 16 percent. Traffic Laws: Driving is on the left-hand side of the road. 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. The private sector is involved in projects that benefit society, including in support of environmental, social, and cultural causes. Rulemaking and regulatory authority rests in the unicameral House of Assembly, which has fifteen elected members and six appointed senators who sit for a five-year term. Basketball and womens cricket and football are gaining popularity. The law provides criminal penalties for official corruption, and the government generally implements these laws. 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.) [26] Childrens passports are issued for 5 years, adult passports for 10 years. Exercise normal precautions in Saint Vincent and the Grenadines. More information is available at http://www.cipo.gov.vc. Do not leave valuables unattended in public areas, on beaches, unsecured in hotel rooms, or in rental homes. 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. Temporary Closure Of Rawacou Recreation Park. Only banks may make currency conversions. Women Travelers:See our travel tips forWomen Travelers. There are few experiences as secluded as relaxing on a sandbank. Article 66 of the Revised Treaty of Chaguaramas establishing the CSME commits all 15 members to implement stronger intellectual property protection and enforcement. 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. Under the Aliens (Land-Holding Regulation) Act, the government can hold properties forfeit without compensation if the terms of investment are not met. A Registrar of Trusts has direct regulatory responsibilities relating to registration, certificate issuance, and review of trust documentation. The OECS has not conducted a trade policy review in the last three years. Virgin Atlantic operates a twice-weekly service between London Heathrow (LHR) and Argyle International Airport (SVD) on St Vincent. 2023 In 2016, St. Vincent and the Grenadines signed an intergovernmental agreement in observance of the United States Foreign Account Tax Compliance Act (FATCA), making it mandatory for banks in St. Vincent and the Grenadines to report the banking information of U.S. citizens. The currency of exchange is the Eastern Caribbean dollar (XCD). The general practice is to retain an attorney to prepare all incorporation documents. Commissioner of Police We do not pay medical bills. 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. The Public Accounts Committee and Director of Audits ensure the government follows administrative processes. 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. In 2013, CARICOM entered into a Trade and Investment Framework Agreement with the United States. Foreign Trade Zones/Free Ports/Trade Facilitation. The countrys legal system is based on the British common law system. They are governed by their respective legislation and do not generally pose a threat to investors, as they are not designed for competition. Bilateral Investment Agreements and Taxation Treaties, 12. The anticipated recovery from the pandemic-induced downturn is expected to fall significantly short of expectations, contributing to a challenging economic outlook for 2021. The islands legal system is based on the British common law system. 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. You can change your cookie settings at any time. St. Vincent and the Grenadines does not have a recent history of politically-motivated violence or civil disturbance. Growing awareness and concerns about health and nutrition are beginning to lead to a greater emphasis on local foods for consumption, however. The Economic Union established a single financial and economic space within which all factors of production, including goods, services, and people, move without hindrance. Most visits to St Vincent and the Grenadines are trouble-free, but there have been incidents of crime . Ministries develop these laws, and the Ministry of Legal Affairs drafts them. Invest SVG has the authority to screen and review FDI projects. While allowable under law, there are no foreign trade zones or free trade zones in St. Vincent and the Grenadines. 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. The hurricane season normally runs from June to November. The government must serve a notice of acquisition on the person from whom the land is acquired. The relationship between national and regional systems is such that each participating member state is expected to coordinate and adopt, where possible, common national policies aimed at the progressive harmonization of relevant policies and systems across the region. 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. These are applicable if certain conditions are met, one of which being that the trust must not be domiciled in the country. Be aware of your surroundings at all times. Avoid walking alone, especially at night, on beaches, and in isolated or poorly lit locations. The Securities Act of 2001 regulates activities on the ECSM. What you need to know before you go: visas, Embassy & Consulate locations, vaccinations, etc. 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. For example, enclave enterprises must produce goods exclusively for export outside the CARICOM region. 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. The government, however, offered limited cash grants to some workers whose employment was impacted by the layoffs related to the COVID-19 pandemic. See the FCDOs guidance on foreign travel insurance. Primary education is free but not compulsory. Fax: +(246) 431-0179 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. However, the British High Commission in Bridgetown, Barbados can provide consular support to British nationals. Subscribe to get up-to-date safety and security information and help us reach you in an emergency abroad. The country has not adopted any specific data protection legislation. Telephone Number. 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. As a member of the OECS, its foreign exchange system is fully liberalized. 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. 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. In the election of 1984, James Fitz-Allen Mitchells New Democratic Party (NDP) was victorious. The government of St. Vincent and the Grenadines, through Invest SVG, strongly encourages FDI, particularly in industries that create jobs and earn foreign currency. Contact Information Assistance for U.S. Citizens U.S. Embassy Bridgetown Wildey Business Park Wildey St. Michael BB 14006 Barbados, W.I. 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 government and the public view responsible business conduct positively. Table 3: Sources and Destination of FDI The ECCB is the supervisory authority over financial institutions registered under the Banking Act of 2015. News Releases New Import Tax Regime For Motor Vehicles In November 2022, Government introduced a new tax regime for the importation for motor vehicles. Use added caution when shopping in crowded areas, especially during the holiday season. The 2020 World Bank Doing Business Report ranks St. Vincent and the Grenadines 168th of 190 countries in resolving insolvency. Royal St. Vincent and the Grenadines Police Force 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. Saint Vincent and the Grenadines made its first appearance at the Olympics at the 1988 Seoul Games. S.R. It also reviews all investment projects applying for government incentives to ensure they conform to national interests and provide economic benefits to the country. The review process is transparent and contingent on the size of capital investment and the projects projected economic impact. The government recognizes voluntary mediation or conciliation as dispute resolution mechanisms. St. Vincent and the Grenadines does not have any specific legislation to regulate cryptocurrencies. In some instances, these mechanisms may also apply to investment laws and regulations. The British monarch is the head of state and is represented by an appointed governor-general. Advisory Commission on Public Diplomacy, U.S.-Saint Vincent and the Grenadines Relations, U.S. Assistance to Saint Vincent and the Grenadines. The government offers other incentive packages on an ad hoc basis. The country, however, has bilateral tax treaties with the United States, Canada, the UK, Denmark, Norway, Sweden, and Switzerland. St. Vincent and the Grenadines is not listed in the U.S. Trade Representatives 2021 Special 301 Report or in its 2020 Review of Notorious Markets for Counterfeiting and Piracy. Traditional cultural practices such as tea meetings (ceremonial speech and singing demonstrations) are occasionally held, and there has been some emphasis put on dance, drama, and music festivals. 20 of 2003 allows for severance. Neither the government of St. Vincent and the Grenadines, nor the ECCB, maintains a sovereign wealth fund. St. Vincent and the Grenadines ratified the WTO Trade Facilitation Agreement (TFA) in 2017 and subsequently notified its Category A measures. Vincentian athletes compete and place regularly in the quadrennial Commonwealth Games. 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. The CIPO administers the registration of patents, trademarks, and service marks. St. Vincent and the Grenadines is a signatory to this agreement. Performance and Data Localization Requirements. Medical facilities in Saint Vincent and the Grenadines do not meet U.S. standards. Box 356, Kingstown St. Vincent West Indies Email: info@svgfsa.com Telephone: (784) 456-2577 / (784) 457 2328 / (784) 485 6031 OUR MISSION Alternatively, there are a range of indirect options, for example connecting on smaller flights to SVG from Barbados. 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. 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. A Board of Assessment determines compensation and files its award in the High Court. The exemptions include income tax, excise tax, customs duties, and stamp duty exemptions. Please click for full details. Telephone: +(246) 227-4399 Saint Vincent and the Grenadines. 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 U.S. Embassy is not aware of any current investment disputes in the country. No legislation protects persons from discrimination based on sexual orientation or gender identity. Furthermore, some laws are also prosecutable in the U.S., regardless of local law. Olympics at the Olympics at the Olympics at the Registry of the wages the person from the! 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