Synopsis
The State of St Vincent and the Grenadines (SVG) consists of a group of 18 main islands which form part of the Windward Islands in the Caribbean lying 100 miles to the west of Barbados and north of Venezuela. Kingstown the capital is situated on the main island of St Vincent and this is the seat of the Government and the centre for business and finance. The islands gained independence from Britain in 1979 but the Queen remains as Head of State and is represented by a Governor General. SVG is a member of the British Commonwealth, the United Nations, the Organisation of the Eastern Caribbean States (OECS) and of the Caribbean Community (CARICOM).
Local currency is the Eastern Caribbean Dollar (EC$) which is linked to the US$ at an exchange rate of about 2.63 EC$ to 1 US$. This rate has remained unchanged since 1976.
The population is about 110,000, a common law system applies and the Government are aggressively pursuing economic policies designed to promote the financial centre. Communications are excellent.
ST. VINCENT INTERNATIONAL BUSINESS COMPANIES (IBCS)
The SVG IBC has the following characteristics:
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Last reviewed: Wednesday, May 26, 2010
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