The government instituted a program of investment incentives for businesses considering the possibility of locating in St. Kitts or Nevis, encouraging both domestic and foreign private investment. Government policies provide liberal tax holidays, duty-free import of equipment and materials, and subsidies for training provided to local personnel.
There are no income taxes and no net wealth taxes in St. Kitts & Nevis .
Other advantages include tax breaks of up to 15 years, repatriation of profits and the possibility of tax-free entry of produced goods into the US market. Substantial European import benefits also apply.
There is also a Citizenship-by-Investment Programme in operation. This is the oldest and most reputable citizenship programme in existence. As there is a separate real estate investment requirement in addition to government fees, a more important financial commitment is required and consequently this makes the programme more exclusive. St. Kitts & Nevis is a very attractive place to own real estate, and there are some excellent real-estate developments that are approved under the citizenship programme. Furthermore, the St. Kitts & Nevis passport is very well regarded as only relatively few passports have been issued under this citizenship-by-investment programme. As a result, St. Kitts & Nevis passport holders enjoy a passport with an excellent reputation and very good visa-free travel. Accordingly, the St. Kitts & Nevis citizenship-by-investment programme is the most attractive option if one is looking to acquire citizenship through investment without prior residence requirements.