NEVIS AND ST. KITTS

Nevis and St. Kitts are two islands located in the eastern Caribbean. Both islands comprise a single sovereign nation. Before 1983, their political status was that of a British colony. The official language is English and the official currency is the Eastern Caribbean dollar. Its legal system is based on English common law. The government is a constitutional monarchy with Westminster-style parliament. Queen Elizabeth II is the head of the state, and is represented by a Governor-General, who acts on the advice of the prime minster and the cabinet. It is a member of the British Commonwealth, the United Nations, the Organization of Eastern Caribbean States, The Caribbean Community and the Common Market (CARICOM).

The economy of Nevis and St. Kitts has experienced strong growth over the past five years and is very stable. It is based on tourism, agriculture (sugar production), light manufacturing and financial services. The banking system is well-developed and the reputation of their international banks is well known. Confidentiality and bank secrecy are imposed by law.

Tax exemption privileges are provided to companies, limited partnerships and trusts which conduct their business exclusively with individuals who are non-residents. Those tax exemption privileges include: corporate tax, trustee tax status, personal income tax, withholding tax, capital gains tax, gift tax, sales tax, turnover tax or estate duty. Furthermore, there are no exchange controls or other financial restraints applicable to offshore business. Strong growth and a stable economy make this jurisdiction another favorite.

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