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Saint Vincent and the Grenadines: Country and Foreign Investment

Government

The islands gained independence from Britain in 1979 but the Queen remains as Head of State and is represented by a Governor General. Saint Vincent and the Grenadines is a member of the British Commonwealth, the United Nations, the Organization of American States, the International Labor Organization, Caricom, and the Organization of Eastern Caribbean States.

Saint Vincent and the Grenadines is a parliamentary democracy, and elections are held every five years. There is a unicameral House of Assembly (21 seats, 15 elected representatives and 6 appointed senators; representatives are elected by popular vote from single-member constituencies). Elections were last held on 13th December, 2010 (next to be held 2015).

The leader of the majority party is usually appointed prime minister by the governor general; the deputy prime minister is appointed by the governor general on the advice of the prime minister, and the Cabinet is appointed by the governor general on the advice of the prime minister. Currently the Prime Minister is Ralph E Gonsalves (since 2001).

The basic law of Saint Vincent and the Grenadines is the English common law but the country has developed its own set of statutory provisions especially in the area of trusts, banking and international finance. The court of appeal is the Eastern Caribbean Supreme Court (based on Saint Lucia; one judge of the Supreme Court resides in Saint Vincent and the Grenadines).

 

 

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