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Investment in St.Kitts and Nevis

The Eastern Caribbean states consisting of Antigua and Barbuda, the British Virgin Islands, Dominica, Grenada, St.Kitts and Nevis, St.Lucia and St.Vincent and the Grenadines formed the Organization of the Eastern Caribbean States aiming at economic and social development of that region.

With a diversity of races and religions, the Caribbean offers a unique blend of culture revealed through the art, music, literature and life style.

The administrations are based on the British system and are peaceful islands with political stability and security. These states are all members of the Caribbean community (CARICOM), the Organization of American States (OAS), the WTO, the United Nations, the International Monetary Fund (IMF), and the World Bank and are members of the Lome Convention.

The accommodation choices are in plenty ranging from internationally renowned hotels to moderate priced apartments. Also, the amazing literacy rate of 82% guarantee for the qualified workforce available in these countries. Travel is a pleasant experience with good network of roads. Electricity and water is widely available to both domestic and industrial units. 

The states have modern harbor facilities and regular freight schedules from major continental ports ensure regular and reliable cargo deliveries. Major airlines including American Airlines, British Airways, BWIA International, Lufthansa and Air Canada provide regular scheduled services from the United Kingdom, Germany, Switzerland, the United States and Canada.

The regions are relying on agriculture, tourism, manufacturing and financial service sectors and hence diverse opportunities are available for investment and business.

The telecommunication system is most advanced and facilities like public access to telex, facsimile, International Direct Dialing, International Data access Service, International
service internet and cellular telephone services are available. Local television, radio and U.S programmes available through satellite expose the residents to the outside world.

The financial sector is a growing industry with all international banking services available.  Investment banks, Accounting firms, Indigenous and International banks operate from here.

Under the Fiscal Incentives Act, generous incentives are available which include tax holiday of up to 15 years, Additional tax rebates of up to five years, exemption from custom duties on material and equipment necessary for establishing an enterprise, repatriation of profits, dividends, royalties, and imported capital by arrangement with the Ministry of Finance, Protection of investment through Government agreement between St.Kitts and Nevis and the U.S and No personal income tax.

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