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Saint Vincent and the Grenadines
Caribbean
Lucky Nomads World Index
64.13 / 100
Global rank
#117
Corporate tax
28%
Personal tax
28%
Lucky Nomads Proprietary Indices
22 scoring dimensions scored independently using a deterministic methodology built on primary sources and structured analytical inference.
- SafetyShield Index5.2 / 10
- Affordability Index6.8 / 10
- Entry Ease Index6.9 / 10
- Tax Freedom Index6.6 / 10
- WiFi Index6.1 / 10
- Admin Ease Index6.4 / 10
- Healthcare Index7.1 / 10
- City Comfort Index7.5 / 10
- WeatherComfort Index6.0 / 10
- Banking Index6.3 / 10
- GeoStability Index8.5 / 10
- Justice & Order Index6.7 / 10
- Quality of Life Index7.5 / 10
- Open Society Index6.3 / 10
- Flight Index2.5 / 10
- Environmental Quality Index8.0 / 10
- English Index8.7 / 10
- Wealth Protection Index7.5 / 10
- AI Access Index5.2 / 10
- Economic Openness Index6.2 / 10
- Market Depth Index2.9 / 10
- ClimateShield Index5.2 / 10
Country snapshot
- Capital
- Kingstown
- Population (approx.)
- 110,000
- Area (km²)
- 389 km²
- Currency code (ISO 4217)
- XCD
- Currency name
- East Caribbean dollar
- Main airport IATA code
- SVD
- Airport name
- Argyle International Airport
General facts
- Minimum monthly cost
- From $1,484/month
- Main languages
- English
- Jurisdiction type
- Country
- Region
- Caribbean
- Web TLD
- .vc
- Phone calling code
- +1-784
Web TLD and phone codes are general references and can differ for territories or special numbering plans.
Tax system
- Marginal CIT (corporate income tax)
- 28%Very highTerritorial
- Marginal PIT (personal income tax)
- 28%ModerateWorldwide
Corporate taxation basis: Territorial. The country primarily taxes profits from domestic-source operations, with defined statutory exceptions. Foreign business profits are generally outside the base, subject to anti-abuse rules.
Resident companies are taxed only on profits derived from sources within Saint Vincent and the Grenadines. International LLCs (LLC Act 2008 Section 92, 25-year window) and licensed international banks (International Banks Act 2004) are exempt on offshore profits. Income Tax (Amendment) Act of 30 December 2020 formalized the territorial baseline.
Flat 28% headline rate on Saint Vincent-source profits since 1 January 2023 (reduced from 30% by IRD notice dated 23 December 2022). Companies under International LLC, International Bank, Fiscal Incentives Act, and Hotels Aid Act regimes can secure 0% on foreign-source profits or multi-year tax holidays.
Personal income tax basis. Worldwide. Resident individuals are generally taxable on their worldwide income, subject to relief under applicable tax treaties.
Tax residents are taxed on worldwide income. Non-residents are taxed only on Saint Vincent-source income. No statutory non-dom or remittance regime, no HNWI flat tax, no new resident holiday available. Capital gains tax, wealth tax, and inheritance tax are not levied. National Insurance contributions deductible up to monthly cap.
Progressive 0% to 28%, top rate on chargeable income above (after standard deduction). Brackets per IRD PAYE tables effective 1 January 2024: 0% up to chargeable, 20% to , 28% beyond. Tax year aligns with calendar year, returns due by April 30.
Tax percentages here are editorial reference figures for comparison, not individualized tax advice.
Special tax regimes
For companies
International Limited Liability Company (LLC) Tax Exemption Regime
AvailableLimited Liability Companies (LLCs) formed under the Saint Vincent and the Grenadines Limited Liability Companies Act 2008 are statutorily exempt…
International Banking Licence Tax Exemption Regime
AvailableSaint Vincent and the Grenadines international banks licensed under the International Banks Act 2004 (Chapter 99 of Revised Laws 2009) are…
Fiscal Incentives Act Tax Holidays
AvailableTax holidays of up to 15 years for approved enterprises in manufacturing, agro-processing, and capital-intensive industries under the Saint Vincent…
Hotels Aid Act Tourism Concessions
AvailableTourism-sector incentives administered by the Ministry of Tourism under the Saint Vincent and the Grenadines Hotels Aid Act.
You either qualify for Saint Vincent and the Grenadines' special tax regimes, or you don't. GeoCompass determines your eligibility, highlights the applicable conditions, and helps estimate your potential tax exposure.
Check my eligibilityVisa and mobility
Your access
Visa need and length of stay for Saint Vincent and the Grenadines. Saved on your device.
Overview
- Citizenship by investment
Not currently available
- Residence by investment
Not currently available
- Remote work visa (digital nomad visa)
Not currently available
Programmes
Saint Vincent and the Grenadines lists several residency and mobility routes across work (employer sponsored), work (self sponsored), retirement routes, and family and dependant routes. Lucky Nomads tracks these programmes as editorial reference points. Thresholds, documents, and personal eligibility are evaluated in GeoCompass against your exact profile.
5 programmes listed · 5 are marked available in our editorial review
Work (employer sponsored)
1 programmeEmployer-linked permits and skilled employment passes for hired professionals.
- Available
Work Permit (Employer-Sponsored)
Work (self sponsored)
1 programmeSelf-sponsored work or freelance routes where you qualify without a local employer.
- Available
Self-Employed Work Permit
Retirement routes
2 programmesRetirement-age or pension-linked residence options.
- Available
Permanent Residence
- Available
Temporary Residence Permit
Family and dependant routes
1 programmeSpouse, dependant, and family reunion style permits.
- Available
CARICOM Enhanced Cooperation Free Movement Regime
Not all residency routes are accessible. Some require minimum income, investment thresholds, local substance, or strict eligibility conditions. GeoCompass evaluates which options you can actually secure in Saint Vincent and the Grenadines.
Evaluate my residency optionsVisa and programme labels reflect editorial research, not individualized legal advice. Thresholds, documents, and personal eligibility are evaluated in GeoCompass. Always confirm rules with official government sources before you plan a move.
Dimensions breakdown
Strongest dimensions
- English Index8.7 / 10Very strong english index
- GeoStability Index8.5 / 10Very strong geostability index
- Environmental Quality Index8.0 / 10Strong environmental quality index
Weakest dimensions
- Flight Index2.5 / 10
- Market Depth Index2.9 / 10
Published ranks by index
One row per leaderboard we publish (the composite index plus each proprietary dimension). A rank appears only when this country is currently in the published top 10 for that list. Open a row to see the full ranking. Hover an index name for the same short definition as elsewhere on the site.
This jurisdiction is not in the published top 10 on any of these lists right now.
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Founder, Lucky Nomads · Wealth manager
Researched from official sources, leading global indices and Lucky Nomads' own scoring.
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