GENERAL AGREEMENT GATS/SC/74General Agreement on Trade in Services (Gats) • May 9th, 2008
Contract Type FiledMay 9th, 2008Sector or subsector Limitations on market access Limitations on national treatment Additional commitments I. HORIZONTAL COMMITMENTS ALL SECTORS INCLUDED IN THIS SECTION 3)Commercial presence requires that foreign service providers incorporate or establish the business locally in accordance with the requirements of St. Vincent's Commercial Code, and where so required, be subject to relevant Acts pertaining to property acquisition lease and rental and any operating conditions that may be the subject of existing laws and regulations. Some of these are as follows: -The Exchange Control Act which requires St. Vincent's Ministry of Finance to regulate all Foreign Exchange Transactions. -Withholding Tax: Foreign Investment enterprises in St. Vincent are subject to the Withholding Tax Provision of the Income Tax Ordinance. 3) -Registration of Juridical Presence St. Vincent's commercial code requires that all companies be registered.