The Financial Intelligence Unit has the authority to conduct financial investigations with a court order. 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. What you need to know before you go: visas, Embassy & Consulate locations, vaccinations, etc. Vincentian athletes compete and place regularly in the quadrennial Commonwealth Games. See the FCDOs guidance on foreign travel insurance. 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. 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 CCJ has original jurisdiction to interpret and apply the Revised Treaty of Chaguaramas. Aviation Safety Oversight: The U.S. Federal Aviation Administration (FAA) has assessed the government of Saint Vincent and the Grenadines Civil Aviation Authority as being in compliance with International Civil Aviation Organization (ICAO) aviation safety standards for oversight of Saint Vincent and the Grenadines air carrier operations. The ECSE and its subsidiaries, the Eastern Caribbean Central Securities Depository and the Eastern Caribbean Central Securities Registry, facilitate activities on the ECSE. You can change your cookie settings at any time. 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 EPA between the CARIFORUM states and the European Community contains the most detailed obligations in respect to intellectual property in any trade agreement to which St. Vincent and the Grenadines is a party. Ministries develop these laws, and the Ministry of Legal Affairs drafts them. 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. Severe Weather Information Statement For Saint Vincent And The Grenadines Issued. An attorney must submit the application and Cabinet must approve it. Be aware that U.S. Medicare and Medicaid programs do not apply overseas. These must be printed and submitted to the CIPO. The Caribbean Court of Justice (CCJ) is the regional judicial tribunal. If there are confiscation proceedings initiated or contemplated against a corrupt official, the courts can order disclosure of financial information. Use added caution when shopping in crowded areas, especially during the holiday season. There are no targeted privatization programs in St. Vincent and the Grenadines. 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. The ECCB regulates financial institutions. For additional IPCA-related information, please see theInternational Child Abduction Prevention and Return Act (ICAPRA)report. This includes 114,780 Pfizer doses. Travelers Who Require Accessibility Assistance: Access to buildings, pedestrian paths, and transportation is extremely difficult for persons with mobility issues. Ministerial Building We use some essential cookies to make this website work. 2023 Invest SVG has the authority to screen and review FDI projects. The sophisticated offshore financial sector provides for one of the most modern International Business Company (IBC) and Trust formation. The Registry collects all applicable registration fees and stamp duties. CARICOM established a Caribbean Competition Commission to apply rules of competition regarding anti-competitive cross-border business conduct. Vincentians are equally fond of football (soccer); the national team has played in the Caribbean Cup and the Gold Cup world competition. The volcano erupted almost daily from April 9 to April 22, 2021, forcing the evacuation of nearby communities. Saint Vincent and the Grenadines is a constitutional monarchy with a parliamentary form of government. 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. Test on Sunday 23 April, 3pm. Chambers of the Attorney General Ministry of Legal Affairs is located in the Methodist Building opposite the Seventh Day Adventist Church on Grandby Street. 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. Visitors. Short-term forecasts project a sluggish recovery throughout 2021 and a return to pre-pandemic levels of growth and tourism by 2024. Neither the government of St. Vincent and the Grenadines, nor the ECCB, maintains a sovereign wealth fund. Mopion is furnished with a single thatched umbrella, Punaise is simply . Vision Statement The annual budget address can be found online. St. Vincent and the Grenadines does not have any specific legislation to regulate cryptocurrencies. Please click for full details. The Treaty of Versailles of 1783 recognised St Vincent as a British colony. 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. The general practice is to retain an attorney to prepare all incorporation documents. 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. 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. An external company must be registered with the Commercial Registry in St. Vincent and the Grenadines if it wishes to operate in the country. Government of Saint Vincent and the Grenadines. The final court of appeal is the Judicial Committee of the UK Privy Council. The government of St. Vincent and the Grenadines, through Invest SVG, strongly encourages FDI, particularly in industries that create jobs and earn foreign currency. Do not be predictable; vary your daily routes and schedules. The Eastern Caribbean islands are vulnerable to hurricanes and tropical storms from mid-May through November. Furthermore, some laws are also prosecutable in the U.S., regardless of local law. Please refer to ourRoad Safety pagefor more information. Further information may be found on the FAAs safety assessment page. Minister Hon. The breach of any condition of the license authorizes forfeiture to the government of the interest held by the non-national. & O. The unicameral legislature, the House of Assembly, has 21 members. 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. Temporary Closure Of Rawacou Recreation Park. Well send you a link to a feedback form. In1989, Germany and St. Vincent and the Grenadines signed a treaty for the Encouragement and Reciprocal Protection of Investment. The countrys legal system is based on the British common law system. In the election of 1984, James Fitz-Allen Mitchells New Democratic Party (NDP) was victorious. Bilateral Investment Agreements and Taxation Treaties, 12. Website developed and managed by the Information Technology Services Division e-mail: egovunit@gov.vc. Native Vincentians, however, favour land-based sports, especially cricket. The police and court systems are generally unbiased in commercial matters. The NDP was returned to power in the 1989 elections, and also in the 1994 elections, when it took 12 seats. Although the law does not require reinstatement of workers fired for union activity, a court may order reinstatement. 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. Political/Economic Section The EPA promotes trade-related developments in areas such as competition, intellectual property, public procurement, the environment, and the protection of personal data. The government sometimes partners with NGOs and generally encourages philanthropy. 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. Find information ondual nationality,prevention of international child abductionandcustoms regulationson our websites. Changing size and shape with the tide, they average 50 m (164 ft) long and 20 m (65 ft) wide. Companies must meet export performance requirements to take advantage of certain tax incentives. 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. Commissioner of Police Grenville Williams Tel: (784) 457-2807 PBX: (784) 456-1111 The constitution guarantees the independence of the judiciary. Before you travel, check the Entry requirements section for St Vincent and the Grenadines current entry restrictions and requirements. Local enterprises generally welcome joint ventures with foreign investors to access technology, expertise, markets, and capital. International Commercial Arbitration and Foreign Courts. The Nine Mornings Festival takes place in Kingstown in the nine mornings preceding Christmas. These bodies may conduct proceedings in public or private. The country, however, has bilateral tax treaties with the United States, Canada, the UK, Denmark, Norway, Sweden, and Switzerland. Use added caution when attending crowded events, celebrations, music festivals, etc. However, the British High Commission in Bridgetown, Barbados can provide consular support to British nationals. Performance and Data Localization Requirements. The corporate tax rate ranges from 15 to 30 percent, except for companies granted tax holidays under the Fiscal Incentives Act. 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. Companies holding at least five acres of land may restrict or prohibit the issue or transfer of their shares or debentures to non-nationals. For children, the focus of attention is on immunization against diseases such as polio and measles. The VAT Implementation Unit exists to administer the Value Added Tax in St. Vincent and the Grenadines with a high degree of efficiency, integrity and fairness, minimizing the compliance costs to businesses, while collecting revenues to facilitate economic growth and development. 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 Vaccinations:Be up-to-date on allvaccinations recommended bythe U.S. Centers for Disease Control and Prevention. Office of the Special Envoy for Critical and Emerging Technology, Office of the U.S. St. Vincent and the Grenadines ranked 130th out of 190 countries in the World Banks 2020 Doing Business report. St. Michael BB 14006 The Eastern Caribbean Supreme Courts Court of Appeals also provides mediation. As a member of the OECS, its foreign exchange system is fully liberalized. In November 2022, Government introduced a new tax regime for the importation for motor vehicles. Read the country information page for additional information on travel to Saint Vincent and the Grenadines. The lower courts include magistrates and family courts; the High Court and the Court of Appeal form the upper level. Avoid displaying flashy jewelry, expensive electronics, and large amounts of cash. In the event of an injury, hospitals are able provide urgent medical treatment, though very serious injuries often require medical evacuation. News stories, speeches, letters and notices, Reports, analysis and official statistics, Data, Freedom of Information releases and corporate reports, Emergency Alerts Parties can be represented by legal counsel before the arbitration panel. The University of the West Indies Open Campus has a location in Saint Vincent. Companies using or manufacturing chemicals must first obtain approval of their environmental and health practices from the St. Vincent and the Grenadines National Standards Institution and the Environmental Division of the Ministry of Health. The Eastern Caribbean Supreme Court Act establishes the Supreme Court of Judicature, which consists of the High Court and the Eastern Caribbean Court of Appeal. Workers have the right to report and/or leave unsafe work environments without jeopardy to continued employment. See Terrorism. The arbitration panel must issue an award that is consistent with national employment laws. Saint Vincent and the Grenadines made its first appearance at the Olympics at the 1988 Seoul Games. The government must serve a notice of acquisition on the person from whom the land is acquired. The government discloses information on public finances and debt obligations. In some instances, these mechanisms may also apply to investment laws and regulations. Modified Date. There are currently 28 state-owned enterprises (SOEs) operating in the following sectors: water, transportation, housing, transportation (ports), electricity, tourism, information and communication, telecommunications, investment and investment services, financial services, fisheries, agriculture, sports and culture, civil engineering, and infrastructure. The DFC may consider investments in certain projects in upper-middle-income countries that address key agency priorities. William Bligh, the former commander of HMS Bounty. Advisory Commission on Public Diplomacy, 1. Between 1960 and 1962, St Vincent and the Grenadines was a distinct administrative unit of the Federation of the West Indies. Air Canada's service between St Vincent and Toronto recommenced on 4 November 2022. The Securities Act of 2001 regulates activities on the ECSM. Some of the Grenadine Islands have annual regattas that include carnival-type activities. Drivers often stop in the middle of the roadway without warning. H.E. U.S. Embassy to Barbados, the Eastern Caribbean and the Organization of Eastern Caribbean States 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. The most recent Caribbean Financial Action Task Force (CFATF) Mutual Evaluation assessment found St. Vincent and the Grenadines to be largely compliant. Under the Aliens (Land-Holding Regulation) Act, the government can hold properties forfeit without compensation if the terms of investment are not met. Although theres no recent history of terrorism in St Vincent and the Grenadines, attacks cant be ruled out. Chapter 8 of the Revised Treaty of Chaguaramas outlines the competition policy applicable to CARICOM states. Bitt, a Barbadian company, developed digital currency DCash in partnership with ECCB. This provision is generally observed in practice. 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. 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. Saint Vincent and the Grenadines The name Saint Vincent originally applied to the mainland and the group of smaller islands associated with it. Employers who fail to pay minimum wages are subject to orders for the payment of the wages. 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). The country has a main public general hospital, several smaller public and private hospitals, and a number of outpatient health centres. The investor must complete a series of steps to obtain a business license. More information is available at http://www.cipo.gov.vc. 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. Earthquakes may occur at any time, often associated with seismic activity in the volcano. Media Center. Mopion sandbank. Guadeloupe, Martinique, Saint Martin, and Saint Barthlemy (French West Indies), North Korea (Democratic People's Republic of Korea). Investors in the country are responsible for maintaining workers rights and safeguarding the natural environment. Sputnik V Authorized in Saint Vincent and the Grenadines. The reserve requirement for commercial banks was six percent of deposit liabilities. We also use cookies set by other sites to help us deliver content from their services. Andres Bengtcn, Ambassador of the Kingdom of Sweden to Saint Vincent and the Grenadines presented credentials to H.E. The Ministry of Health & the Environment is located on the first floor of the Government Ministerial Building, situated on Halifax Street. Elections are peaceful and regarded as being free and fair. Medium Debt Term Strategy 2021-2023 Report, Director General Finance & PlanningMr. In the rural areas, celebrations of this festival are more diverse and include attempts to revive dying cultural practices. 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. CARIFORUM-EU Economic Partnership Agreement. There is no legislation to regulate competition in St. Vincent and the Grenadines. Check passport expiration dates carefully for all travelers! Telephone: (784) 451-2235 | (784) 451-2236. 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. Kingstown has a number of cultural heritage sites. Please . The NGO community, while comparatively small, is involved in fundraising and volunteerism in gender, health, environmental, and community projects. There are also direct flights between St Vincent and Miami and New York, on American Airlines and Caribbean Airways respectively. Criminal Penalties:You are subject to local laws. 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 slow court system and bureaucracy are widely seen as the main hindrances to timely resolution of commercial disputes. St. Vincent and the Grenadines, like other Eastern Caribbean countries, is highly dependent on tourism, which accounted for 28.6 percent of GDP and 19.9 percent of formal sector employment in 2019. Basketball and womens cricket and football are gaining popularity. 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. The government is open to all investment, but is currently prioritizing investment in niche markets, particularly tourism, international financial services, agroprocessing, light . 2023 U.S. assistance to Saint Vincent and the Grenadines is channeled primarily through multilateral agencies such as the World Bank. International companies are exempt from taxation. Remember that local authorities are responsible for investigating and prosecuting the crime. See Crime, Dengue fever is endemic to Latin America and the Caribbean and can occur throughout the year. Air Canadas service between St Vincent and Toronto recommenced on 4 November 2022. For medical and fire emergencies call 999. 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. There is no hyperbaric chamber, and divers requiring treatment for decompression illness must be evacuated from the island. St. Vincent and the Grenadines is a member of the Organization of Eastern Caribbean States (OECS) and the Eastern Caribbean Currency Union (ECCU). Government. The Hon. Under the Land Acquisition Act, the government may acquire land for a public purpose. 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 ECCB and the Ministers of Finance of member states jointly carry out banking supervision under the Act. After the attainment of independence in 1979 the multi-island state was renamed Saint Vincent and the Grenadines. The ECSE is a regional securities market established by the ECCB and regulated by the Eastern Caribbean Securities Regulatory Commission. 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. Saint Vincent and the Grenadines. The exemptions include income tax, excise tax, customs duties, and stamp duty exemptions. 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. 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 (. 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