Located in the Lesser Antilles chain of the Caribbean, Saint Vincent and the Grenadines is an island nation with a British colonial history and today it is part of the Commonwealth of Nations and CARICOM. Volcanic and hurricane prone, Saint Vincent and the Grenadines is not the most popular region of the Caribbean islands, but it is as beautiful and interesting as a tourist and property destination, particularly amongst an up-market jet-set and yachting communities.
The frequent storms often affect the economy of St. Vincent and the Grenadines by wiping out its banana crops. Saint Vincent is home to a small offshore banking sector, while tourism investments are largely considered to have great potential over the next decade. Foreigners buying property in St. Vincent and the Grenadines must first apply to the government for an Alien Land Holding License, which takes about 10 to 14 weeks to be processed.
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