starting a business in st. kitts |
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Opportunity Abounds
St. Kitts and Nevis offers many opportunities for both business start-up and relocation. The entire necessary infrastructure is already in place. There is an airport on both island, deep-water ports, several state-designated commercial zones, and available land, electricity, an excellent communication network and most importantly a highly educated and skilled populace.
Establishing a Business in St. Kitts and Nevis
An Investor should:
1) It is advised that an attorney should be hired to represent your business interests.
2) A Proposal outlining, the project should be submitted to the Ministry of Trade and Industry.
3) A Fiscal Incentives Application should be completed and attached to the Proposal. Your attorney can assist in this task.
4) Work permits should be secured for all foreign personnel working with the company.
5) An Alien Land Holding License should be acquired by all foreign investors who are purchasing, company shares.
6) Application for lease or rent of factory building should be made if space is needed.
7) The company should be registered under the Company Act.
HOW TO DO BUSINESS IN ST. KITTS AND NEVIS
INCENTIVES
The government of St. Kitts and Nevis offers highly attractive and competitive incentives and they are:
(a). Corporate Tax Holidays - Maximum 15 years
(b). Exemption from Import Duties - full exemption from import duties on parts, raw materials and production machinery.
(c). Repatriation of Profits
(d). Protection of Investment
(e). Hotel Aids Ordinance- provides relief from customs duties and pier duties on items brought into the country for use in the construction, extension and equipping of a hotel of not less than 10 bedrooms.
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For more info visit:
www.skbfinancialservices.com
www.oas.org/TOURISM/incentives/st-kitts-and-nevis.html |
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