GENERAL AGREEMENT GATS/SC/74
15April 1994
ONTRADE INSERVICES (94-1071)
ST.VINCENT AND THE GRENADINES
Schedule ofSpecific Commitments
(This isauthentic inEnglish only)
____________________ST.VINCENT AND THE GRENADINES -SCHEDULE OFSPECIFIC COMMITMENTS
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
I. HORIZONTAL COMMITMENTS
ALL SECTORS INCLUDED
INTHIS SECTION
3) Commercial presence requires thatforeign
service providers incorporate orestablish
thebusiness locally inaccordance withthe
requirements ofSt.Vincent 'sCommercial
Code, andwhere sorequired, besubject to
relevant Acts pertaining toproperty
acquisition lease andrental andany
operating conditions thatmaybethe
subject ofexisting laws andregulations.
Some ofthese areasfollows:
-TheExchange Control Actwhich
requires St.Vincent 'sMinistry of
Finance toregulate allForeign
Exchange Transactions.
-Withholding Tax: Foreign Investment
enterprises inSt.Vincent aresubject
totheWithholding TaxProvision of
theIncome TaxOrdinance.3)
-Registration ofJuridical Presence
St.Vincent 'scommercial code
requires thatallcompanies be
registered.
GATS/SC/74
Page1ST.VINCENT AND THE GRENADINES (continued)GATS/SC/74
Page2
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
-Insurance Act. Only corporate entities
areallowed toconduct insurance
business inSt.Vincent. Allsuch
entities must firstberegistered bythe
Registrar ofInsurance.
-Aliens Landholding. TheAlien
Landholding Actrequires foreign
companies andindividual wishing to
holdproperty inSt.Vincent tofirst
obtain alicence inorder todoso
within which conditions ofpurchases
aredetailed.ST.VINCENT AND THE GRENADINES (continued)
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
4) Theentry ofallforeign natural persons to
St.Vincent andtheir residence in
St.Vincent isregulated bySt.Vincent 's
immigration laws.
Theemployment offoreign natural persons
issubject toWork Permit regulations.
Issue ofpermits isnormally confined to
people withmanagerial andtechnical skills
which areinshort supply ornotavailable
inSt.Vincent.
Professionals incertain disciplines maybe
required toregister withtheappropriate
professionals orgovernmental body. For
example allmedical practitioners must be
registered under theMedical Registration
Actinorder tobepermitted tolegally
practice inSt.Vincent.
GATS/SC/74
Page3ST.VINCENT AND THE GRENADINES (continued)GATS/SC/74
Page4
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
II.SECTOR-SPECIFIC COMMITMENTS
7. FINANCIAL SERVICES
Reinsurance 1) None
2) None
3) Subject toInsurance andInsurance
Premium Acts, Commercial Code,
Exchange Control Act
4) Subject toWork Permits andImmigration
Regulations asindicated inhorizontal
commitments.1) None
2) None
3) Withholding Tax
4) None
8. HEALTH RELATED
SERVICES
Hospital Services 1) None
2) None
3) Subject toCommercial Code, Exchange
Controls Act,Alien Landholding laws
4) Subject toWork Permit Laws, Immigration
Regulations, Medical Registration and
Certification, Medical Officers Ordinance
asindicated inhorizontal commitments.1) None
2) None
3) None
4) NoneST.VINCENT AND THE GRENADINES (continued)
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
9. TOURISM AND
TRAVEL RELATED
SERVICES
Hotel andResort
Development1) None
2) None
3) Subject toCommercial Code, Exchange
Controls Act,Hotels Proprietor Act
4) Limited tomanagerial andspecialist levels;
subject toWork Permit andImmigration
Regulations asindicated inhorizontal
commitments.1) None
2) None
3) Subject towithholding tax
4) None
10. RECREATIONAL,
CULTURAL AND
SPORTING SERVICES
Entertainment Services 1) Limited byLaws dealing withMoral
Matters
2) None
3) Subject toCommercial Code, Exchange
Controls Act,Aliens Landholding Act
4) Subject toWork Permit andImmigration
Regulation asindicated inhorizontal
commitments.1) None
2) None
3) Subject toWithholding Tax
4) None
GATS/SC/74
Page5ST.VINCENT AND THE GRENADINES (continued)GATS/SC/74
Page6
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
Sporting Services 1) None
2) None
3) Notapplicable
4) Subject toWork Permit andImmigration
Regulations1) None
2) None
3) Notapplicable
4) None
11. TRANSPORT
SERVICES
Maritime Transport
Services
International Passenger
&Freight Transportation
Services1) None
2) None
3) Subject toExchange Control Act,
Commercial Code
4) Subject toWork Permit &Immigration
Regulations asindicated inhorizontal
commitments.1) None
2) None
3) Withholding Tax
4) NoneST.VINCENT AND THE GRENADINES (continued)
Modes ofsupply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence ofnatural persons
Sector orsubsector Limitations onmarket access Limitations onnational treatment Additional commitments
Services Auxiliary toall
Modes ofTransport
Transhipment Services 1) None
2) None
3) Subject toCommercial Codes and
Exchange Control Act
4) Subject toWork Permit andImmigration
Regulations asindicated inhorizontal
commitments.1) None
2) None
3) Withholding Tax
4) None
Free Zone Operations 1) None
2) None
3) Subject toCommercial Codes and
Exchange Control Act
4) Subject toWork Permit andImmigration
Regulations asindicated inhorizontal
commitments1) None
2) None
3) Withholding Tax
4) None
GATS/SC/74
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