More about St. Kitts and Nevis
St. Kitts is 23 miles long and 5 miles across at its widest, encompassing an area of 68 square miles. Nevis, the smaller island, lies to the south and is approximately 7 miles in diameter, covering a total of 36 square miles. The two islands support a population of about 45,000, of whom about 9,000 live on the island of Nevis. Like no other islands in the Caribbean except Dominica, St. Kitts and Nevis embody a kind of lush tropical paradise usually associated with the South Pacific. The ambience here is a blend of sunlight, sea air and abundant vegetation. At the center of St. Kitts stands the spectacular, cloud-fringed peak of Mount Liamuiga (pronounced Lee-a-mweega), a dormant volcano covered by dense tropical forest.
Although tourism plays a smaller role than on other Caribbean islands, the twin-island Federation offers fine beaches and an outstandingly attractive mountainous landscape. The climate is tropical and close to perfect. Differences in altitude and corresponding differences in soil types make it a paradise for tropical plants. St. Kitts has a very well-designed championship golf course laid out between the Caribbean Sea and the Atlantic Ocean, with a second golf course presently being constructed at Sandy Point some 10 miles from Basseterre, the capital. There is also a very attractive golf course on Nevis. The truly appropriate motto of the tourism authority is: Two islands - one paradise.
In St. Kitts and Nevis, tourism is the most important growth sector and also offers good investment opportunities. While tourist facilities are being expanded, opportunities exist for foreign investors to participate in this expansion.
There are very good opportunities for the labour-intensive manufacturing of goods for export to the United States and the European Community, both of which allow reductions in import duties on certain goods manufactured in St. Kitts and Nevis. The workforce is well-educated and honest. The government is very keen to promote new labour-intensive industries and substantial tax breaks are offered to new investors.
In agriculture, there is good potential for the introduction of new high-value crops which are suitable for small-scale farming in lush tropical conditions. These can include orchids, certain varieties of fruits or nuts, and other tropical plants for medicinal or perfumery purposes or for export as live plants.
The financial services industry of St. Kitts and Nevis is being developed on the foundations set by new legislation passed for the registration of companies, foundations, trusts, international insurance and trust service providers. It is expected that St. Kitts and Nevis will eventually take its place as a centre for offshore services which will contribute significantly to the local economy in the future. Through our office in St. Kitts, Henley & Partners is in the best position to assist you in all matters involving financial services in both jurisdictions.
Through its office in St Kitts, Henley & Partners assist non-nationals in acquiring citizenship through the official Citizenship-by-Investment Program, provide fiduciary services and advise on all aspects of investing and doing business in St. Kitts and Nevis and throughout the Eastern Caribbean region.
The specialized services of Henley & Partners are a resource and complement the services of other consulting and law firms. We frequently assist other firms and their clients, particularly with the unique and specific details required by the acquisition of citizenship under the citizenship-by-investment program. Please contact us for more information.