CARIFORUM and UK EPA Study

purchases of large acreages of land to be done for specific investment projects, though this does not represent a strict limitation.

Land ownership and acquisition also require a license or are subject to domestic laws in Belize, Dominica, Grenada, St. Kitts and Nevis, St. Lucia and St. Vincent and the Grenadines, while the aforementioned, except Belize and St. Vincent and the Grenadines also explicitly reserve a number of small business service opportunities for nationals, which in instances may include activities in the Hotel and Resort Development sector. Grenada also limits the legal form of insurance services providers, and subsidiaries established in Grenada may also be treated less favourably than local entities. Trinidad and Tobago, however, only requires a licence for the acquisition of land exceeding five acres (three acres in the case of Dominica) for the conduct of trade or business, and a licence is also required for the acquisition of shares in a local public company by a foreign investor, where such holdings directly or indirectly exceed 30% of the total cumulative shareholding of the company.

i.

The UK’s Attractiveness as an Investment Source and FDI Destination

Table 39: UK International Trade in Services by Foreign Affiliates (2016-2017)

UK International Trade in Services by Foreign Affiliates (2016 - 2017)

Value

Average Growth

Direction of Investment Variable

2016

2017

2018

2017

2018

Sales / Turnover (Mil. US$) No. of enterprises No. of employees No. of enterprises No. of employees Sales / Turnover (Mil. US$)

Inward Inward Inward

461,634 17,122 492,304 24,274

470,878 18,498 471,082 25,816

... ... ...

2 8

... ... ...

3,107,044 3,027,162

-3 -4

Outward Outward Outward

485,911 27,527 2,640,885

3 7

6

3,688,135 2,690,065

-27

-2

Source: ONS Data

The available data on the United Kingdom’s international trade in services via its approximately 26,000 foreign affiliates (See Table 40 above) confirm that it is a major source of outbound

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