Women are increasingly involved in economic, political, and cultural life to a greater degree than was the case traditionally. The Industry Unit under the Ministry of Finance, Economic Planning, Sustainable Development and Information Technology administers this Act. Flights are on Wednesdays and Sundays and involve a short layover in Barbados but no changing of planes. 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. U.S. International Development Finance Corporation (DFC) and Other Investment Insurance Programs, 13. The law also provides for public access to information. Saint Vincent and the Grenadines was elected as a non-permanent member of the United Nations Security Council 2020-21. For children, the focus of attention is on immunization against diseases such as polio and measles. For example, enclave enterprises must produce goods exclusively for export outside the CARICOM region. The ECCB and the Ministers of Finance of member states jointly carry out banking supervision under the Act. The leader of the majority party in the House of Assembly becomes prime minister, and selects and heads a cabinet. Email: dppsvg@vincysurf.com, Colin John However, the British High Commission in Bridgetown, Barbados can provide consular support to British nationals. 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. Frenches Gate, Kingstown 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 (. Find out about the Energy Bills Support Scheme, British High Commission in Bridgetown, Barbados, View a printable version of the whole guide, About Foreign, Commonwealth & Development Office travel advice, UK help and services in St Vincent and The Grenadines, Travelling to St Vincent and The Grenadines. Review information about International Parental Child Abduction inSaint Vincent and the Grenadines. 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. Saint Vincent and the Grenadines court system consists of a lower and an upper judiciary. Please click for full details. You should take steps to avoid being bitten by mosquitoes. Check passport expiration dates carefully for all travelers! St. Vincent and the Grenadines is a member of the ECCU and the ECCB. Invest SVGs FDI policy is designed to attract investment into priority sectors. Virgin Atlantic operates a twice-weekly service between London Heathrow (LHR) and Argyle International Airport (SVD) on St Vincent. Please refer to ourRoad Safety pagefor more information. 457-6836. Arrest Notification:If you are arrested or detained, ask police or prison officials to notify the U.S. Embassy immediately. Contact Information Assistance for U.S. Citizens U.S. Embassy Bridgetown Wildey Business Park Wildey St. Michael BB 14006 Barbados, W.I. Data not available. The International Financial Accounting Standards, which stem from the General Accepted Accounting Principles, govern the profession in St. Vincent and the Grenadines. Labor unions and businesses are generally satisfied with the arbitration panels, which have tripartite representation. Local value is determined by the percentage of annual sales not contributed by imported materials and services, non-Caribbean Community (CARICOM) national labor, profits and other income payments distributed to members outside of CARICOM, and depreciation on imported machinery and equipment. The OECS promotes harmonization among member states in foreign policy, defense and security, and economic affairs. Telephone: 784-457-1211 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). Travelers Who Require Accessibility Assistance: Access to buildings, pedestrian paths, and transportation is extremely difficult for persons with mobility issues. The Securities Act of 2001 regulates activities on the ECSM. This represents an estimated 7 percent reduction from 2019, following several consecutive years of minimal growth. Contactthe Embassy of Saint Vincent and the Grenadinesbefore you travel with questions regarding travel with firearms. Last Update: Reissued with updates to health information. The U.S. Embassy is not aware of any outstanding expropriation claims or nationalization of foreign enterprises in St. Vincent and the Grenadines. Both governments are concerned with combating both local production and the transshipment of narcotics. There are few experiences as secluded as relaxing on a sandbank. The Ministry of Health & the Environment is located on the first floor of the Government Ministerial Building, situated on Halifax Street. 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. Penalties for possession, use, or trafficking in illegal drugs or firearms are severe. Teachers, police officers, public servants, the Medical Association, industrial workers, and some members of the private sector, especially in financial services, operate under collective bargaining agreements. The Trade Disputes (Arbitration and Inquiry) Act provides that either party to an existing trade dispute can report it to the Governor General. The most recent Caribbean Financial Action Task Force (CFATF) Mutual Evaluation assessment found St. Vincent and the Grenadines to be largely compliant. 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. The Ministry is the institutional body of the state responsible for the formulation, articulation and implementation of all policies and plans relating to Agriculture, Forestry, Fisheries, Rural Transformation, Industry & Labour. 2021 Investment Climate Statements: Saint Vincent and the Grenadines, An official website of the United States Government. Companies must meet export performance requirements to take advantage of certain tax incentives. Read more . The U.S. military provides assistance through training, exercises, and construction and humanitarian civic action projects. Buses and taxis do not have special accommodations. The countrys Bureau of Standards is a statutory body which prepares and promulgates standards in relation to goods, services, processes, and practices. More information is available at http://www.cipo.gov.vc. 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. The Eastern Caribbean Supreme Court is the domestic arbitration body, and the local courts recognize and enforce foreign arbitral awards. 2023 What you need to know before you go: visas, Embassy & Consulate locations, vaccinations, etc. The reserve requirement for commercial banks was six percent of deposit liabilities. 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. 2023 CPEA Scholarship Applications are OPEN! The law provides criminal penalties for official corruption, and the government generally implements these laws. The constitution guarantees the independence of the judiciary. The Economic Union established a single financial and economic space within which all factors of production, including goods, services, and people, move without hindrance. All COVID-19 related travel restrictions have been lifted. 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 Furthermore, some laws are also prosecutable in the U.S., regardless of local law. They are headed by boards of directors to which senior managers report. As such, it is also a participant on the Eastern Caribbean Securities Exchange (ECSE) and the Regional Government Securities Market. Subscribe to get up-to-date safety and security information and help us reach you in an emergency abroad. Air Canadas service between St Vincent and Toronto recommenced on 5 November 2022. The unicameral legislature, the House of Assembly, has 21 members. The government of St. Vincent and the Grenadines, through Invest SVG, strongly encourages FDI, particularly in industries that create jobs and earn foreign currency. The statutory minimum wages are set out in the regulations under the Wages Council Act. 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. Kingstown The government sometimes partners with NGOs and generally encourages philanthropy. St. Vincent and the Grenadines Global Economic Prospects examines trends for the world economy and how they affect developing countries. St. Vincent and the Grenadines active 2020 labor force was approximately 55,567 persons. Following an upturn in cases in St Vincent and the Grenadines, you should take steps to avoid being bitten by mosquitoes. Fifteen members are elected at least every five years by universal adult suffrage, six senators are appointed by the governor-general on the advice of the prime minister, and two on the advice of the leader of the opposition. The Treaty of Versailles of 1783 recognised St Vincent as a British colony. Commissioner of Police Address: Invest SVG provides business support services and market intelligence to all investors. You can add more than one country or area. 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. 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. 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. Local enterprises generally welcome joint ventures with foreign investors to access technology, expertise, markets, and capital. - Public Health (Covid-19) Rules 2021. Criminal Penalties:You are subject to local laws. Citizens. Saint Vincent and the Grenadines is a constitutional monarchy with a parliamentary form of government. International companies are also exempt from competitive tax for 25 years. Workers have the right to report and/or leave unsafe work environments without jeopardy to continued employment. Office of the Special Envoy for Critical and Emerging Technology, Office of the U.S. Ministerial Building While there is no formal legislation in relation to incentives in the information and telecommunications sector, commercial presence and establishment is at the discretion of the Cabinet on advice from the National Telecommunications Regulatory Commission. Edmond JacksonTelephone:(784) 457-1343(784) 456-1111 Ext: 3507Fax:(784) 457-2943E-mail: office.finance@gov.vc. The NDP was returned to power in the 1989 elections, and also in the 1994 elections, when it took 12 seats. Email: svgpolice@gmail.com. Under the Land Acquisition Act, the government may acquire land for a public purpose. Air Canada's service between St Vincent and Toronto recommenced on 4 November 2022. Tourism:The tourism industry is unevenly regulated, and safety inspections for equipment and facilities do not commonly occur. 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). 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 Caribbean Basin Initiative facilitates the economic development and export diversification of the Caribbean Basin economies. 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.). Use added caution when attending crowded events, celebrations, music festivals, etc. 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. Saint Vincent and the Grenadines made its first appearance at the Olympics at the 1988 Seoul Games. Foreign Trade Zones/Free Ports/Trade Facilitation. See Natural disasters. The currency of exchange is the Eastern Caribbean dollar (XCD). As part of supervision, licensed financial institutions are required to submit monthly, quarterly, and annual performance reports to the ECCB. A prime minister, the leader of the majority party, is the head of government. Reports to the ECCB and the Regional government Securities Market sometimes partners with NGOs generally. 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