Beyond the golden beaches and crystal-clear sea, the small nation of St. Kitts and Nevis attracts prospective residents and citizens from around the world to its shores with the absence of personal income tax. Its passport unlocks over 100 visa-free travel destinations, including all the Schengen zone countries. Modern infrastructure and sustained political stability add to the way of living on the islands together with the vibrant Caribbean culture and the unforgettable spectacle of the annual carnival.

Despite having the corporate tax rate at 33%, St. Kitts and Nevis offers generous incentives to attract international businesses and entrepreneurs to the country. These include exemption from tax duty, tax relief and corporate tax holidays, which can be as long as 15 years. Advanced communications infrastructure make it easy to operate the business both domestically and from overseas.

Albeit some rare exception, no capital gain tax is charged on the territory of St. Kitts and Nevis, which undoubtedly attracts wealthy individuals looking to protect their capital. This island nation is a member of the Eastern Caribbean Currency Union (ECCU) as well as the Eastern Caribbean Central Bank, which issues and regulates the common currency in the region, the Eastern Caribbean dollar. All this further adds to the reassurance of the region’s financial and economic stability.

Key Facts

Location

Caribbean

Population

0.05 million

Neighboring countries

Anguilla, Antigua and Barbuda, Guadeloupe

Average temperature (summer)

82°F (28°C)

Average temperature (winter)

74°F (24°C)

Languages

English

Form of government

Constitutional Monarchy

Corporate tax rate

33%

Currency

Eastern Caribbean dollar

GDP

$916.9 million

GDP growth

3.60%

Inflation

1.75%

Unemployment rate

5.10%

Average salary

$14,100

Key industries

Tourism, Sugar cane, Banking

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