CHARLESTOWN, Nevis – THE Nevis Island Administration (NIA) is strengthening its efforts to improve the island's business environment by introducing a National and Diaspora Investment Policy.
This initiative aims to encourage the diaspora community to invest in Nevis, supporting economic growth and development.
Premier Mark Brantley, who has been championing the initiative since last year, officially launched the policy on January 21. He noted that further details will be shared in the coming days.
"But, as I appeal to our people in the diaspora, as I appeal to those who are interested in retiring and coming back home, those who have children and grandchildren who might be interested in investing here at home, those who want to build here, do something here, even though they're not ready to retire yet... am encouraging them, and we have now put in place a formal policy," Brantley stated during a media engagement.
To support this initiative, the NIA has established a dedicated unit within the Ministry of Finance. This unit will serve as a direct liaison for returning nationals, streamlining the process and providing a one-stop shop for investment-related matters.
“The administration has approved a package of fiscal concessions for those wishing to return and or invest in Nevis under this new policy," Brantley added. "These concessions include customs duty exemption on the importation into Nevis of all used personal items, customs duty exemption on the importation into Nevis of a vehicle, whether for personal or business use, the exemption applies also if the vehicle is purchased locally."
With this new policy, the NIA aims to create a more welcoming and structured investment environment for Nevisians abroad, ensuring that they have the necessary support to contribute to the island’s economic future.
