WORLD TRADE
ORGANIZATIONS/DCS/W/VCT
24 January 2003
(03-0490)
Trade in Services Original:  English
ST. VINCENT AND THE GRENADINES
Draft converted Schedule of Specific Commitments1
Attached is a draft converted version of the Schedule of Specific Commitments of St. Vincent
and the Grenadines in word format.  This document  does not substitute for the legally binding
commitments undertaken by St. Vincent and the Grenadines in its Schedule of Specific Commitments
(GATS/SC/74).
The draft converted version of the Schedule was prepared by the Secretariat, at the request of
Members, to facilitate the process of negotiations, including the presentation of initial offers.
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1 This document has been prepared, in English only, under the Secretariat's own responsibility and without
prejudice to the positions of Members and to their rights and obligations under the WTO.S/DCS/W/VCT
Page 2ST. VINCENT AND THE GRENADINES – SCHEDULE OF SPECIFIC COMMITMENTS
Modes of supply: 1)   Cross-border 2)   Consumption abroad 3)   Commercial presence 4)   Presence of natural persons
Sector or Subsector Limitations on Market Access Limitat ions 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 thebusiness locally in accordance with therequirements of St. Vincent's Commercial
Code, and where so required, be subject to
relevant Acts pertaining to propertyacquisition lease and rental and anyoperating conditions that may be the subjectof existing laws and regulations.  Some of
these are as follows:
- The Exchange Control Act which
requires St. Vincent's Ministry ofFinance to regulate all ForeignExchange Transactions.
- Withholding Tax:  Foreign Investment
enterprises in St. Vincent are subject tothe Withholding Tax Provision of theIncome Tax Ordinance.
- Registration of Juridical Presence
St. Vincent's commercial code requires
that all companies be registered.
- Insurance Act.  Only corporate entities
are allowed to conduct insurance
business in St. Vincent.  All suchentities must first be registered by theRegistrar of Insurance.S/DCS/W/VCT
Page 3Modes of supply: 1)   Cross-border 2)   Consumption abroad 3)   Commercial presence 4)   Presence of natural persons
Sector or Subsector Limitations on Market Access Limitat ions on National Treatment Additional Commitments
- Aliens Landholding.  The Alien
Landholding Act requires foreign
companies and individual wishing tohold property in St. Vincent to firstobtain a licence in order to do so within
which conditions of purchases are
detailed.
4) The entry of all foreign natural persons to
St. Vincent and their residence in St. Vincentis regulated by St. Vincent's immigrationlaws.
The employment of foreign natural persons
is subject to Work Permit regulations.  Issueof permits is normally confined to peoplewith managerial and technical skills whichare in short supply or not available inSt. Vincent.
Professionals in certain disciplines may be
required to register with the appropriateprofessionals or governmental body.  Forexample all medical practitioners must beregistered under the Medical RegistrationAct in order to be permitted to legally
practice in St. Vincent.
II. SECTOR-SPECIFIC COMMITMENTS
7. FINANCIAL SERVICES
Reinsurance1) None
2) None
3) Subject to Insurance and Insurance Premium
Acts, Commercial Code, Exchange ControlAct
4) Subject to Work Permits and Immigration
Regulations as indicated in horizontal
commitments.1) None
2) None
3) Withholding Tax
4) NoneS/DCS/W/VCT
Page 4Modes of supply: 1)   Cross-border 2)   Consumption abroad 3)   Commercial presence 4)   Presence of natural persons
Sector or Subsector Limitations on Market Access Limitat ions on National Treatment Additional Commitments
8. HEALTH RELATED
SERVICES
A. Hospital Services 1) None2) None
3) Subject to Commercial Code, Exchange
Controls Act, Alien Landholding laws
4) Subject to Work Permit Laws, Immigration
Regulations, Medical Registration andCertification, Medical Officers Ordinance as
indicated in horizontal commitments.1) None
2) None
3) None
4) None
9. TOURISM AND
TRAVEL RELATED
SERVICES
Hotel and ResortDevelopment1) None
2) None
3) Subject to Commercial Code, Exchange
Controls Act, Hotels Proprietor Act
4) Limited to managerial and specialist levels;
subject to Work Permit and ImmigrationRegulations as indicated in horizontal
commitments.1) None
2) None
3) Subject to withholding tax
4) None
10. RECREATIONAL,
CULTURAL AND
SPORTING SERVICES
A. Entertainment Services 1) Limited by Laws dealing with Moral Matters
2) None
3) Subject to Commercial Code, Exchange
Controls Act, Aliens Landholding Act
4) Subject to Work Permit and Immigration
Regulation as indicated in horizontal
commitments.1) None
2) None
3) Subject to Withholding Tax
4) NoneS/DCS/W/VCT
Page 5Modes of supply: 1)   Cross-border 2)   Consumption abroad 3)   Commercial presence 4)   Presence of natural persons
Sector or Subsector Limitations on Market Access Limitat ions on National Treatment Additional Commitments
D. Sporting Services 1) None
2) None
3) Not applicable
4) Subject to Work Permit and Immigration
Regulations1) None
2) None
3) Not applicable
4) None
11. TRANSPORT
SERVICES
A. Maritime Transport
Services
International Passenger &
Freight Transportation
Services1) None
2) None3) Subject to Exchange Control Act,
Commercial Code
4) Subject to Work Permit & Immigration
Regulations as indicated in horizontal
commitments.1) None
2) None3) Withholding Tax
4) None
H. Services Auxiliary to all
Modes of Transport
Transhipment Services 1) None
2) None
3) Subject to Commercial Codes and Exchange
Control Act
4) Subject to Work Permit and Immigration
Regulations as indicated in horizontal
commitments.1) None
2) None
3) Withholding Tax
4) None
Free Zone Operations 1) None
2) None
3) Subject to Commercial Codes and Exchange
Control Act
4) Subject to Work Permit and Immigration
Regulations as indicated in horizontal
commitments1) None
2) None
3) Withholding Tax
4) None
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