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About St Kitts and Nevis

St. Kitts and Nevis, also known as the Federation of Saint Christopher and Nevis, is formed of two mountainous islands of volcanic origin in the West Indies. In 1983 it gained full independence and joined the Commonwealth.

Key facts

Capital: Basseterre.

Head of state: Queen Elizabeth II.

Government: Federal parliamentary constitutional monarchy.

Official language: English.

Major religion: Christianity.

Population: 54,000.

Membership: United Nations (UN), Organisation of American States (OAS), Caricom, etc.

Currency: Eastern Caribbean Dollar (XCD), fixed to the US dollar.

Geography and climate

Area: Nevis – 93.2 km2 and St. Kitts – 168.4 km2.

Climate: warm tropical, cool north-east trade winds.

Air temperatures: 25°C – 28°C

Water temperature: 26°C.

Humidity: low.

Tourist attractions

  • Tropical climate with mild temperatures all year round
  • Bountiful flora and fauna for nature-lovers
  • Lush beaches and turquoise lagoons
  • Snorkelling and diving
  • Safaris and bird-watching
  • Dormant volcano Liamuiga for hiking
  • Excellent golf courses
  • Kitts Music Festival
  • Picturesque railway tours

Economy

After 365 years of being a monocultural economy, in 2005, the Government of St. Kitts & Nevis decided to shut down the sugar industry that had been creating losses and contributing to deficit. It was due to decreasing world prices and hurricanes. They embarked on a path to diversification and started developing other sectors while trying to revitalise the sugar industry.

Agriculture. Crops are partly grown for local consumption (sweet potatoes, onions, tomatoes, cabbages, carrots, breadfruit) and partly for export (coconuts, cotton, sugarcane).

Tourism. Lush climate and various activities attract tourists from the US (cruise ship tourists especially) and other countries. Hotels, restaurants, rental companies contribute a lot to the tourism sector. At the same time the Government continuously provides substantial support to boost it.

Export-oriented manufacturing of garments, electronics assembly. The Port Zante harbour was refurbished to further facilitate exports and imports.

Offshore banking. The legislation was amended and extended to attract financial services business to the island.

Benefits for investors

  • Qualified English-speaking workforce
  • Limited taxation: no wealth, inheritance, gift, foreign income or capital gains tax
  • Guaranteed repatriation of profits
  • Concessions on import duties
  • Low property tax rates
  • Legislation allowing foreign exchange acquisitions
  • Financial growth through the Government’s monetary plan
  • Growing tourism sector
  • Second passport in exchange for investment

Citizenship by Investment Programme

The St. Kitts & Nevis Citizenship by Investment Programme was established in 1984 by Queen Elizabeth II to offer citizenship to foreigners through a donation or investment in real estate. It is one of the oldest CBI programmes in the world.

In 2006, after the Government wound down the sugar industry, it established the Sugar Industry Diversification Foundation (SIDF) on a path of diversifying national economy and maintaining economic stability. In September 2017, the Government approved a Hurricane Relief Fund to be offered as a CBI investment option alongside the SIDF and real estate.

In March 2018, the Sustainable Growth Fund (SGF) replaced the Hurricane Relief Fund. There are now three investment options available – real estate, Sustainable Growth Fund (SGF) and the SIDF.

Second passport with Imperial & Legal

Imperial & Legal will help you get a second passport of Saint Kitts and Nevis within the shortest time and at a minimum cost.

We have a team working in London and on the islands that will assist you during the whole process, from selecting a real estate for investment, collecting documents and filling in all required applications to obtaining a passport.

We guarantee quality, reliability, professionalism and complete confidentiality.

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+44 (0)203 490 41 21

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London, W1U 6RT