Nevis

Nevis is a Caribbean island located in the Windward Islands, in the Antilles. Along with the island of Saint Kitts, it constitutes the Federation of Saint Christopher and Nevis, and is a member of the Commonwealth and the CARICOM. Saint Kitts & Nevis is the smallest country in the Americas, both in size and population, with an area of just 261 sq. km and a population of 54,961 inhabitants. Its capital and more populated city is Basseterre, in Saint Cristopher. Its official language is English and its legal tender currency is the East Caribbean Dollar (XCD), which has a fixed exchange rate with the dollar at 2.7: 1.

Saint Kitts and Nevis was the last place to practice sugar cane monoculture in the Lesser Antilles. But because the sugar industry was increasingly struggling to make a profit, the government decided to eliminate large scale sugar cane production and carry out a diversification program for the agricultural sector, and stimulate development of other sectors of the economy, particularly tourism, export-oriented manufacturing and offshore financial services. The issuance of postage stamps, mainly for philatelic collecting, is also an important source of income for its economy.

Being an independent member of the Commonwealth of Nations, Saint Kitts and Nevis has a stable political and financial system that is focused on ensuring confidentiality and protecting privacy. Offshore companies established there benefit from total tax exemption, no capital controls and low accounting requirements. The banking system is quite developed considering its size, and several International Banks are present there.

Saint Kitts and Nevis also offers a citizenship by investment program. Through a donation to its Sustainable Growth Fund or an investment in Real Estate, a foreigner can become a St Kitts and Nevis citizen, and obtain a passport that allows visa-free or visa-on-arrival to 136 countries (including South America and the European Union).

At Flag Theory, we’re here to help you during every step of your internationalization and structuring plans, and are constantly constantly researching the best global options and locations to increase your privacy, freedom and wealth.

Below, you can find why and how to set up a company and do business in St Kitts and Nevis, its banking and investment options, and how to get residency and eventually citizenship in this Caribbean country.

 

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