ST. KITTS - FINANCIAL SERVICES

Business Incentives 

There are many incentives provided to persons wishing to set up businesses in St. Kitts. Some of these incentives are found in the Fiscal Incentives Act, the Hotel Aids Ordinance.

No person is to carry on, or hold himself out as carrying on, any finance business in or from within the Federation unless he is for the time being authorised under the Financial Services (Regulations) Order, 1997 ("the Order"). "

Economic Citizenship Programme 

St. Kitts has a properly regulated Citizenship by Investment Programme. This is provided for in the Citizenship Act 1984. Persons that make a minimum investment of US$250,000 in the island in an approved project will be entitled to apply for Citizenship in the Federation. There are proper due diligence checks during the processing of these applications.

I. Citizenship of Saint Christopher and Nevis is governed by Chapter VIII (Sections 90-95) of the Constitution of Saint Christopher and Nevis.

II. In 1984 in pursuance of Section 92 (1) (h) Parliament prescribed that such other persons who would be entitled, upon making application, to be registered as citizens. Section 3 (5) of the Saint Christopher and Nevis Citizenship Act, 1984 (No. 1 of 1984) provides as follows:

"Subject to subsections (8) and (9) of this section, a person is entitled, upon making application under this subsection to the Minister in the prescribed manner and upon payment of any fee that may be prescribed, to be registered as a citizen of St. Christopher and Nevis without any rights of voting save under and in accordance with the provisions of any law governing the qualification of voters, if the Cabinet is satisfied that such person has invested substantially in St. Christopher and Nevis."

The Investment requirement may be satisfied in any of the following way:

a. A substantial investment of at least $250,000.00 United States currency or its equivalent in East Caribbean currency in an "approved investment project"

The fee for each Certificate of Registration is US$47.00 or its equivalent in East Caribbean currency. The cost of each passport is US$13.00 or its equivalent in East Caribbean currency.

For more information please visit St. Kitts Financial Services website.