Tentmaker Reports

St. Vincent and the Grenadines Report

Entrepreneurial Missions Index

24.3

General Information

Population

109,333 (170th most populous country in the world)

RELIGIONS
Anglican47%
Methodist28%
Roman Catholic13%
Other12%
LANGUAGES
English
French Patois

Industries

Food processing, cement, furniture, clothing, starch

Unless otherwise noted, all information included here was obtained from the World Factbook project 4, conducted by the Central Intelligence Agency (CIA). For more detailed information about St. Vincent and the Grenadines, visit https://www.cia.gov/library/publications/the-world-factbook/geos/vc.html.

Business Information

The World Bank ranks St. Vincent and the Grenadines as 66 out of 183 economies in terms of ease of doing business. The country ranks as 0 (of 183) in terms of ease of starting a business.

It requires 0 procedures, takes 0 days, and costs N/A% of income per capita to start a business in St. Vincent and the Grenadines.

In order to start a business in St. Vincent and the Grenadines, one must follow these procedures:

  1. Search and reserve company name
  2. Obtain and legalize the obligatory incorporation documents
  3. Registration with the Commercial Registry
  4. Filing of bylaws and notice of appointment of secretary
  5. Apply for trade/industrial license
  6. Enroll for income tax at the Inland Revenue Department
  7. Enroll company and workers at the National Insurance Services

Unless otherwise noted, all information included here was obtained from the Doing Business project 3, conducted by the World Bank. For more detailed information about starting a business in St. Vincent and the Grenadines, visit http://www.doingbusiness.org/.

 

To learn more...

 

St. Vincent and the Grenadines Economic Freedom

The World Economic Forum (WEF) was founded in 1971 by Klaus Martin Schwab at the University of Geneva in Switzerland.  It is a non-profit foundation best known for its annual meeting in Davos, Switzerland, which brings together top business leaders, international political leaders, selected intellectuals and journalists to discuss both economic and social issues facing the world.  The WEF also serves as a think tank, and publishes a wide range of reports focusing on issues of concern and importance to Forum communities. In particular, Strategic Insight Teams focus on producing reports of relevance in the fields of competitiveness, global risks and scenario thinking.  The Global Competitiveness Report measures competitiveness of countries and economic competitiveness among a wide range of factors such as corruption, tax rates, work ethic, and many others.
 

St. Vincent and the Grenadines Summary

 

1 World Economic Forum

2 Free the World
Gwartney, James and Robert Lawson with Herbert Grubel, Jakob de Haan, Jan-Egbert Sturm, and Eelco Zandberg (2009). Economic Freedom of the World: 2009 Annual Report. Vancouver, BC: The Fraser Institute. Data retrieved from www.freetheworld.com.

3 World Bank Data

4 World Factbook Project

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