Business For Sale Saint Vincent and the Grenadines | Business For Sale Listings
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Get to Know About Saint Vincent and the Grenadines
Saint Vincent and the Grenadines is an island country in the Caribbean Sea, north of Venezuela. It lies in the British West Indies region of the Lesser Antilles island arc. The island occupies a total area of 389 square kilometers and is home to approximately 110,000 people. It has an estimated GDP (PPP) of USD 1.373 billion and per capita income of USD 12,431.
Saint Vincent and the Grenadines is a middle lower-income economy. The country is mostly known for its production of Bananas, which is also the most significant economic driver. Apart from that, the tourism industry also brings considerable income. However, it has not been developed to its full potential. Additionally, the government has tried to bring some incentives to grow the manufacturing sector.
For investors, doing business in Saint Vincent and the Grenadines is like grabbing an excellent opportunity. There is a lot of demand but not adequate supply- mostly in the tourism, manufacturing, and accounting industries. Also, as the government has been accelerating its efforts to bring in more FDI with incentives and amendments, you can expect extensive support.
There still are some challenges in doing business in Saint Vincent and the Grenadines. The country is not very popular because of the lack of marketing, so you might not see as many tourists as you expect. Also, many people are under the poverty line (30.2% in 2008). There are good infrastructures, of course, but not the best ones. Thus, you might need to sacrifice some comfort, given that you are from a highly developed country.
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