For many years, the St. Kitts & Nevis economy has depended upon the production of sugar, and nearly half our workforce is still involved in the sugar industry.
However, our determination to diversify and develop a private-sector economy has created a fertile environment for prospective investors.
We welcome business proposals and offer highly attractive fiscal incentives and concessions. Our citizenship by investment programme also provides a means by which to become involved in the economy of St. Kitts & Nevis.
St Kitts Information
||The Government of St. Kitts & Nevis has embarked on the establishment of the Federation as a regional and international financial centre. The goal is to create a vibrant, fiscally attractive business environment which will entice multi-national companies to set up their headquarters in our beautiful twin- island nation.
Financial operations have been given high priority as a principal driving force in the growth of the country's economy. Consequently, the Government has committed to an ongoing review of current legislation and enactment of new legislation to ensure a favourable climate for investment.
The Eastern Caribbean Central Bank and the Eastern Caribbean Home Mortgage Bank already have their headquarters in St. Kitts and three major international banks are well established in the Federation -- Bank of Nova Scotia, Barclay's Bank Plc, and Royal Bank of Canada.
The Government is offering very attractive incentives to encourage investors to work, grow and live in St. Kitts & Nevis.
Two tax exemption privileges are built into the new finance legislation. The first one covers companies, limited partnerships and trusts which conduct business exclusively with persons who are not residents, and allows for total tax exemption.
The second privilege, covering companies which do not fall into the above category, allows for tax exemptions on dividends, interest and royalties. Further information is contained in the section at the back of this Guide. In addition, a copy of International Financial
Centre published by the Financial Services Department
may be obtained by contacting the department at:
P .O. Box 186, Basseterre, ST. Kitts, West Indies
P hone: (869)466-5048
F ax: (869)466-5317
E -Mail: firstname.lastname@example.org
The department also hosts a World Wide Web site at: www.fsd.gov.kn