St. Vincent and the Grenadines is well poised to take advantage of developments and investments in the ICT sector due to the excellent existing telecommunications network, the training already being offered in the field (thus eliminating the need for an investor to conduct his/her own training), St. Vincent and the Grenadines’ proximity to North America and Europe and the fact that English is the first language.
The Information and Communication Technology Services Investments Act, 2007
Aims to encourage and facilitate investment and the creation of employment in the information and communication technology services sector.
In order to receive benefits under this Act, applicants must meet the requirements of “approved company” status. Such a company may apply to the Minister for consideration of Cabinet to be granted the status of anapproved company under this Act. The application must be in the form set out in the schedule of the Act.
An approval is for a period permitted in Section 14 from the date of the grant of approval
- Approval may be revoked by Cabinet upon a finding that the approval was procured by false, inaccurate or misleading information.
Incentives granted to companies with the “approved company” status in the ICT Sector
Imports free of duty plants, machinery, equipment and fixtures for use in the provision of information and communication technologyservices
N.B. Goods for the personal use of directors, officers, employees or agents shall not be exempted from import duty.
Information & Communication Technology Website
Information and Communication Technology Services Investments Act
View list of Information and Communication Technology Contacts