St. Kitts and Nevis Overview
St. Kitts and Nevis, also known in the country's constitution as Saint Christopher and Nevis, has been independent since 1983 and forms part of the group of islands known as the Lesser Antilles located some 2,000 km to the southeast of Miami. The Federation comprises two islands: Nevis with an area of some 93.2 km2 and St. Kitts with 168.4 km2. The official and business language is English. The Federation is a member of the United Nations (UN), of the Organisation of American States (OAS), the British Commonwealth, Caricom and many other international organisations. The Eastern Caribbean Central Bank has its headquarters on St. Kitts. It maintains the stability of the Eastern Caribbean Dollar (ECD), the national currency of most Eastern Caribbean countries, which is tied to the US dollar. The Head of State is the Queen of England. St. Kitts and Nevis is a well-functioning democracy based on the British parliamentary system.
The country has a pleasant climate, particularly during the cooler months from December to March. Humidity is relatively low, and constant northeast trade winds keep the islands cool.
St. Kitts and Nevis offers good opportunities for investors. The workforce is well-educated, English-speaking and friendly. The Government grants tax breaks, guaranteed repatriation of profits and concessions on import duties. There are no income or capital gains taxes, no net wealth taxes and no inheritance or gift taxes in St. Kitts and Nevis.
The Government of St. Kitts and Nevis has introduced extensive legislation to attract financial services business to the island. A Citizenship-by-Investment Program has also been in operation since 1984: it allows foreign investors to acquire citizenship under certain conditions. This makes it the oldest existing citizenship-by-investment program. It is also the most reputable citizenship program in existence. One can invest in either designated real estate or contribute to the Sugar Industry Diversification Foundation ("SIDF", a public charity). The St. Kitts and Nevis passport is very well regarded, as only relatively few passports have been issued under this program. As a result, St. Kitts and Nevis passport holders enjoy a passport with an excellent reputation and very good visa-free travel, including to all of the EU, Canada, Hong Kong, Switzerland, and other countries. Accordingly, the St. Kitts and Nevis citizenship-by-investment program is the most attractive option if one is looking to acquire a second citizenship through investment without prior residence requirements.
Henley & Partners in St. Kitts and Nevis
Henley & Partners has been active in St. Kitts and Nevis for nearly 20 years, being the first international firm to set foot in the country and being substantially involved in the marketing and sale of the first real-estate developments under the then Citizenship-by-Investment program. Henley & Partners has been specifically mandated by and entered into an agreement with the Government of St. Kitts and Nevis in 2006, first to re-design and re-structure the Citizenship-by-Investment program, create the Citizenship-by-Investment Unit and the new SIDF Option, straighten processes and procedures, advise on policy issues, and also to lead the international promotion of this program. Henley & Partners also continues to be in the lead in promoting the program internationally, organizing many events globally every year featuring St. Kitts and Nevis, many of which are attended by Government officials from St. Kitts and Nevis, including the former Prime Minister, the Rt. Hon. Dr. Denzil Douglas. Finally, Henley & Partners has been instrumental in the negotiations with the European Union that lead to visa-free access for all St. Kitts and Nevis citizens a few years ago, and continues to support actively the expansion of visa waiver treaties for St. Kitts and Nevis and for the benefit of all St. Kitts and Nevis citizens.
Henley & Partners has its office in Frigate Bay, St. Kitts. Through this office, the firm assists non-nationals in acquiring citizenship through the official Citizenship-by-Investment Program, provides fiduciary services and advises 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.