St Kitts and Nevis is conveniently positioned for business people the official and business language is English and its national currency is pegged to the US dollar.
One of the most attractive features of St Kitts and Nevis is its generous tax regime: you are not liable for Wealth, Gift, Inheritance, Foreign Income or Capital Gains Tax. There is no Personal Income tax, no restriction on the repatriation of profits and imported capital, Tax holidays for certain qualified investment projects and generous incentive packages including corporate tax incentives, full exemption from import duties, tax relief benefits and export allowance.
It also represents a huge business opportunity having signed a Free Trade agreement with Canada, therefore no taxes are paid for goods manufactured in the island and exported to the Canadian market.
In addition to this as a citizen of the Caribbean Community you enjoy duty free trading in 15 countries in the region - see further information below.
The fact that St Kitts and Nevis is the most reputable option to obtain a second Citizenship-via-Investment it has attracted substantial foreign capital into the country. This fact has lifted and maintained the stability of the property industry positioning St Kitts as a prime investment destination, a sound investment in its own right. Developments such as The Four Seasons, The Marriott, and upcoming projects such as The Mandarin Hotel and Residences located at Christophe Harbour, have placed St Kitts on the jet-setters' radar.
St. Kitts is the home of the Eastern Caribbean Central Bank and the Eastern Caribbean Stock Exchange, which are two important pillars of the Regional Financial Sector and is one of the more recent international financial centers to emerge in the world.
St. Kitts is one of the most sought-after tourism destinations in the Caribbean region, with stay over visitor arrival averaging an increase of 13.4 percent over the past five years. This upturn in visitor arrival is expected to continue well into the future with the anticipated completion of the renowned Christophe Harbour development. Tourism being the most important growth sector offers first-class investment opportunities to foreign investors to participate in the expansion of tourist facilities. Manufacturing: St Kitts and Nevis offers good opportunities for the labour-intensive manufacture of goods for export to the European Community, Canada and the United States which allow reductions or exemption in import duties on certain goods manufactured in the island. The government supports new industries through substantial tax breaks offered to new investors.
In the past the main industry of St Kitts and Nevis was the Sugar Cane. Nowadays the island presents good potential for the introduction of new high value crops which are suitable for tropical conditions. Investors in this sector of the economy are able to take advantage of regional trade agreements derived from St. Kitts' membership in CARICOM and the OECS to gain access to wider markets.