With a booming third sector in tourism, financial services, and information technology, as well as a profitable tax regime, St Kitts and Nevis is a highly ranked country for investors. This article presents you with the best investment opportunities of St Kitts and Nevis.
Rule of investment St Kitts and Nevis
According to the Saint Christopher and Nevis Citizenship Act, 1984, Part II, section 3 (5), foreigners who have made significant economic contributions to St Kitts and Nevis, are granted – along with their families – full citizenship.
Tax exemptions for expats in St Kitts and Nevis
There is no direct taxation in St. Kitts and Nevis, meaning citizens are not subject to personal income tax, estate duty, inheritance or succession taxes, gift taxes, or net worth tax. However, some tax does apply to certain applicants.
For corporations, the taxable income is calculated as net profit before tax, adjusted for nondeductible expenses and allowable deductions. The corporation tax rate is 33%. However, corporations are not subject to surtax nor capital gains taxes, and St Kitts and Nevis offer relevant companies a tax holiday on corporate profits for up to 15 years. Nevis specifically does not levy tax on companies and foundations as long as no business is conducted on the island.
Property taxes – for both corporations and individuals – is assessed on the market value of the property and ranges from 0.2% to 0.3%, depending on the location and the use of the property.
St Kitts and Nevis Citizenship by Investment Program
The St Kitts and Nevis Citizenship by Investment Program is a successful scheme allowing investors and their families to get a St Kitts and Nevis passport providing that an investment of at least $150,000 is made in either government’s funds or in approved real estate.
Notice: If you’re a family thinking about relocating to the Caribbean, consider St. Kitts and Nevis’s Citizenship by Investment. There is a special discount until 31 December! For a $150,000 investment, a family of four can obtain passports in as little as 2 months.
St Kitts and Nevis investment options
Sustainable Growth Fund: Established in 2006 by the St Kitts and Nevis government, the fund offers investors the opportunity to invest in the social and economic development of the country. For an investment of at least $150,000 get St Kitts and Nevis citizenship.
The fund is used to develop priority sectors such as education, health, climate change and resilience, infrastructure, tourism and culture, and the promotion of indigenous entrepreneurship.
Approved real estate: Obtain St Kitts and Nevis citizenship by purchasing government-approved property. Two St Kitts and Nevis real estate paths are available to investors:
- Buy property in joint ownership, and invest a minimum of $200,000 for at least 7 years.
- Buy property as a single applicant, and invest a minimum of $400,000. You can only resell the property after 5 years.
St Kitts and Nevis investment opportunities
With the manufacturing sector amounting to 10% of St Kitts and Nevis GDP, and St Kitts being the leading exporter in the Organization of Eastern Caribbean States (OECS), light manufacturing is a promising and profitable sector for investors.
Investors in the manufacturing sector benefit from business incentives and fiscal exemptions, low cost of production, qualified workforce, Free Trade Agreements and international initiatives facilitating the free movement of goods – Caribbean Single Market and Economy (CSME) and the Caribbean Basin Initiative -, high-quality infrastructures allowing for the successful exchange of goods and services – airports, maritime roads, seaports, and financial services.
As a well preserved and mesmerizing twin islands country, St Kitts and Nevis have plenty of resources for tourism. With an increase in stay-over tourists of 13.4% in the last five years and the recent completion of high-end tourism infrastructures, the sector is booming.
The construction of the St Kitts Marriott Resort and the Royal Beach Casino in 2003 has propelled St Kitts and Nevis to the forefront of must-see Caribbean destinations. Opportunities for investment in high-end tourism in some of St Kitts and Nevis’s best cities are numerous and investors are welcomed.
With a skilled and trained workforce in tourism, as well as a warm and friendly population, St Kitts and Nevis have everything it takes to become one of the world’s top tourist destinations.
Aware of the significant market opportunities that the Information Technology sector offers, St Kitts and Nevis government has built a brand new state of the art National Information and Communication Technology (ICT) Center. The center is equipped with training rooms, video conferencing facilities, and English speaking technical experts.
Amongst the Information Technology services offered by St Kitts and Nevis you can find: Call Centers, Credit Card Application Services, Transactions Processing Services, Data Entry and Research Services, Optical Character Recognition Applications, Data Base Management, Computer-Aided Design, Web Application Services, and Software Development.
Food security and self-reliability is a St Kitts and Nevis’s top priority. The government is focusing on developing St Kitts and Nevis agricultural sector in order to reduce importations.
In order to expand the development of the agricultural sector, the St Kitts and Nevis government has instituted initiatives such as incentive packages, increase availability of land, investment in agro-processing technology, and increased linkages with the tourism sector.
Opportunities for investors are various and encouraged in areas such as: packaging services, storage facilities, inter-regional transport services, commercial farming, agro-processing, hydroponics, and aquaculture.
Other St Kitts and Nevis investment opportunities
In addition, you can also find attractive investment opportunities in St Kitts and Nevis in financial services, international education, renewable energy, and ship registry.
Talk to a specialist about investing in St Kitts and Nevis
If you are thinking of investing in St Kitts and Nevis, get in touch with one of our specialists here at Global Citizen Solutions.
Our dedicated team will work solely on your behalf. We are committed to providing a specialized service to each of our clients with the knowledge that comes with years of expertise, as well as access to a proprietary database of market information.
We give insights and data analysis to allow our clients to make investments with confidence.
Frequently Asked Questions about investing in St Kitts and Nevis
Where to invest in St Kitts and Nevis?
The best sectors to invest in St Kitts and Nevis are tourism, agriculture, information technology, light manufacturing, financial services, international education, renewable energy, and ship registry.
How can I get St Kitts and Nevis citizenship?
You can get St Kitts and Nevis citizenship by making an investment of at least $150,000 in the Sustainable Growth Fund or in government-approved real estate.
Do I need to pay taxes in St Kitts and Nevis?
In St Kitts and Nevis, citizens are not subject to personal income tax, estate duty, inheritance or succession taxes, gift taxes, or net worth tax.
Can I buy property in St Kitts and Nevis?
You can buy property in St Kitts and Nevis by either applying to the Alien Landholding License or through the Citizenship by Investment Program. The Citizenship by Investment Program allows investors to either buy property in joint ownership, and invest a minimum of $200,000 for at least 7 years, or buy property as a single applicant, and invest a minimum of $400,000 – the property can only resell after 5 years.