Saint Vincent and the Grenadines
The ISO code of Saint Vincent and the Grenadines is VC according to the ISO 3166 standard. The local name of the country is the same as its English name. Saint Vincent and the Grenadines capital city is Kingstown. People in Saint Vincent and the Grenadines speak the English language. On 27 October 1979, Saint Vincent and the Grenadines emerged as a sovereign political entity. In the year 10/27/1979, Saint Vincent and the Grenadines emerged as a sovereign political entity. The largest city in Saint Vincent and the Grenadines is Kingstown.
Saint Vincent and the Grenadines is located in the UTC -04:00 time zone, which is also called Atlantic Standard Time or AST. The internet country code top-level domain (ccTLD) for Saint Vincent and the Grenadines is .vc. The International dialing code for Saint Vincent and the Grenadines is 1784. People in Saint Vincent and the Grenadines drive on the left side of the road. Total land area of Saint Vincent and the Grenadines is 389 km² (approx. 150 mi²). Saint Vincent and the Grenadines is not a landlocked country. It means that is is bordered by at least one major body of water.
Saint Vincent and the Grenadines is located in North America. Saint Vincent and the Grenadines is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Saint Vincent and the Grenadines faces various issues, including pollution of coastal waters and shorelines from discharges by pleasure yachts and other effluents, in some areas, pollution is severe enough to make swimming prohibitive.
Doing business in Saint Vincent and the Grenadines
We offer various corporate services in Saint Vincent and the Grenadines jurisdiction. These services can serve both, people coming from Saint Vincent and the Grenadines and foreigners. If you plan on doing business in Saint Vincent and the Grenadines you might be interested in contacting us.
To find out about starting your business in Saint Vincent and the Grenadines click on company formation in Saint Vincent and the Grenadines.
To find out how to open a bank account in Saint Vincent and the Grenadines and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Saint Vincent and the Grenadines.
Choose preferred service below or continue reading to find out more about Saint Vincent and the Grenadines.
Demographics of Saint Vincent and the Grenadines
The total population of Saint Vincent and the Grenadines is 110,200 people. In Saint Vincent and the Grenadines, the population density is 259 people per square kilometer (674 per square mile). Because of this statistic, this country is considered to be densely populated. The ethnic diversity is diverse according to a fractionalization scale which for Saint Vincent and the Grenadines is 0.3066. Saint Vincent and the Grenadines has approximately 10260 foreign immigrants. The median age is approximately 31.9 years. In Saint Vincent and the Grenadines, 47.52 in every 100 people use internet. Saint Vincent and the Grenadines has a Human Development Index (HDI) of 0.719.
The majority religion of Saint Vincent and the Grenadines is Christianity, Saint Vincent and the Grenadines is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Saint Vincent and the Grenadines.
Culture of Saint Vincent and the Grenadines
People in Saint Vincent and the Grenadines speak the English language. According to data on inbound tourists in Saint Vincent and the Grenadines, 72,000 tourists arrive in the country each year. One of the most popular national dishes of Saint Vincent and the Grenadines is roasted breadfruit. To read more click on culture of Saint Vincent and the Grenadines.
Geography of Saint Vincent and the Grenadines
Saint Vincent and the Grenadines is considered to be a large nation because of its total area. Its total land area is 389 km² (approx. 150 mi²). Saint Vincent and the Grenadines is located in North America. Its capital city is Kingstown. Saint Vincent and the Grenadines has no land borders.
The highest point of Saint Vincent and the Grenadines is La Soufrière, with its official height being 1234 m (4,049 ft). Including land mass and EEZ, the total area of Saint Vincent and the Grenadines is approximately 36,691 km² (~14,166 mi²). The most notable natural resources found in Saint Vincent and the Grenadines are hydropower, arable land.To read more click on geography of Saint Vincent and the Grenadines.
Economy of Saint Vincent and the Grenadines
The currency of the country is eastern caribbean dollar. The symbol used for this currency is $, and it is abbreviated as XCD. 18.3% of population in the country are unemployed. The total number of unemployed people in Saint Vincent and the Grenadines is 20,167. Each year, Saint Vincent and the Grenadines exports around $0.05 billion and imports roughly $0.3 billion. The Gini Index of the country is 40.32. Saint Vincent and the Grenadines has a Human Development Index (HDI) of 0.719.Saint Vincent and the Grenadines has a government debt of 68% of the country's Gross Domestic Product (GDP), as assessed in 2011. Saint Vincent and the Grenadines is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are tourism, food processing, cement, furniture, clothing, starch.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Saint Vincent and the Grenadines is $1,174 billion. The corporate tax in Saint Vincent and the Grenadines is set at 32.5%. Personal income tax ranges from 10% to 55%, depending on your specific situation and income level. VAT in Saint Vincent and the Grenadines is 15%. In 2013, Saint Vincent and the Grenadines received 8.5 million USD in foreign aid.In 2014, the foreign aid amounted to 17.8 USD.To read more click on economy of Saint Vincent and the Grenadines.
Infrastructure of Saint Vincent and the Grenadines
In Saint Vincent and the Grenadines, 75.9% of the population has access to electricity. There are 305 internet hosts in Saint Vincent and the Grenadines. Saint Vincent and the Grenadines has 6 airports nationwide.
The number of road motor vehicles per 1000 inhabitants in Saint Vincent and the Grenadines is 77. To read more click on infrastructure of Saint Vincent and the Grenadines.
Politics of Saint Vincent and the Grenadines
Saint Vincent and the Grenadines, is a parliamentary democracy under constitutional monarchy. With regard to political and civil freedoms, Saint Vincent and the Grenadines is 1. Citizens in Saint Vincent and the Grenadines experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Elizabeth II.
According to the World Bank Group, the government effectiveness index of Saint Vincent and the Grenadines is 0.12. This indicates that the government of Saint Vincent and the Grenadines is mediocre. While some public and civil services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully evaluate the governmental situation in Saint Vincent and the Grenadines before considering any business maneuvers.In Saint Vincent and the Grenadines, the legislative power is vested in a House of Assembly. The strength of legal rights index for Saint Vincent and the Grenadines is 5. Overall, it is considered to be rather inadequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders to some degree; credit information may be sufficient, but hardly available, or, the oppoiste case, available but not sufficient. In 2013, Saint Vincent and the Grenadines received 8.5 million USD in foreign aid. In 2014, the foreign aid amounted to 17.8 USD. Saint Vincent and the Grenadines is a member of the United Nations (UN). On 16 September 1980, it joined the UN as a full member state. Saint Vincent and the Grenadines is a member of the World Bank. To read more click on politics of Saint Vincent and the Grenadines.
Environment of Saint Vincent and the Grenadines
Saint Vincent and the Grenadines emits 2.2 metric tons per capita of CO2. 127 km² of Saint Vincent and the Grenadines's territory is covered in forests. and forest land comprises 33% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Saint Vincent and the Grenadines is 77. To read more click on environment of Saint Vincent and the Grenadines.
Company formation in Saint Vincent and the Grenadines
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Saint Vincent and the Grenadines.
When establishing a company in Saint Vincent and the Grenadines, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Saint Vincent and the Grenadines that will affect the establishment and growth of one's business. Contact us or click on company formation in Saint Vincent and the Grenadines to read additional information when setting up a business.
Bank account opening in Saint Vincent and the Grenadines
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Saint Vincent and the Grenadines. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Saint Vincent and the Grenadines, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Saint Vincent and the Grenadines or contact us.