St. Kitts & Nevis

Lifestyle

St Kitts and Nevis are known as little pearls of the Caribbean as they are filled with natural beauty coupled with a very unique landscape making it the ideal place to enjoy a calm and relaxed Caribbean Lifestyle, full of different activities and entertainment options for all ages. One of the main attractions available is the opportunity to discover the beauty of St Kitts and Nevis through an immersive Safari trip.
The climate of St. Kitts is hot and tropical; however, it is overall pleasant, particularly during the cooler months from December to March. The islands have lovely uncrowded beaches, green hills and some of the best-preserved forts in the region, including the 17th-century Brimstone Hill and Montpelier House.
The tall, volcanic mountains and lush forests are perfect for hiking and the inviting blue waters for swimming, sailing, fishing, and diving, especially if one is interested in discovering unexplored shipwrecks. The islands also offer some of the best seascapes with white sand beaches on the eastern side, and black, volcanic sand beaches in the north. Boating, cruising and sailing are also popular activities on the island. Careful conservation efforts have attracted serious game fish to the waters surrounding Saint Kitts and Nevis, making sport fishing an attractive option.
As in other Caribbean nations, the culture on St. Kitts and Nevis is festive and vibrant. Carnivals and celebrations play an important role in island life. At Christmas time, Carnival activities are in full swing on the islands which include the opening gala, different Beauty Pageants, the Junior Calypso Show and plenty of parades. With a heavily British history, British culture plays a prominent role in the culture of St Kitts and Nevis, yet a distinguishable West African influence can also be observed.

Economy

The economy of Saint Kitts and Nevis had traditionally relied on the growing and processing of sugar cane but has been dependent upon tourism since the 1970s, when it became the economy’s primary driver. However, recently the government has undertaken to invigorate the faltering sugar industry, one way by which this was done was through a previous option offered under the Citizenship by Investment Programme, that of the Sugar Industry Diversification Fund.
To decrease unemployment, the government has embarked on a program to diversify the agricultural sector and to stimulate other sectors of the economy, such as export-oriented manufacturing and offshore banking. Nowadays, it is estimated that over 63% of St Kitts and Nevis’ economy is based on services. The government has made progress in reducing its public debt from 154% of GDP in 2011 to 83% in 2013 to 62.9% of GDP in 2017 . Furthermore, the estimated GDP growth rate for 2018 is that of 3%.
The workforce is well-educated, English-speaking and friendly. The Government has established a favourable tax regime, and guaranteed repatriation of profits and concessions on import duties. St. Kitts Nevis has a particularly attractive tax regime for foreign individuals and corporations. This is because there are no net worth taxes, sales taxes, or estate taxes. Resident companies are taxed on worldwide income while non-resident companies are taxed only on income acquired in or sourced in St. Kitts and Nevis. Corporate income tax is stipulated at 33%.
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.

Real estate

From 2007 to present day St Kitts and Nevis’ real estate has been on an upward trend as the property market continues to develop. St. Kitts and Nevis currently has several projects under construction, especially ones catering to the upper market, as the country has set its goals on shaping itself into the ultimate luxury destination.
Overall real estate prices in St. Kitts and Nevis remain low compared to other Caribbean islands for example residential properties in the Marriot Residences St Kitts range from US$400,000 for studio apartments, to around US$ 2.09 million for four-bedroom penthouses. Similarly, in Ocean’s Edge, an exclusive residential development located in Frigate Bay, properties start at US$405,500 for poolside studio apartments up to US$2.6 million for luxury villas.
For overseas buyers St Kitts and Nevis is an attractive place to buy property due to its citizenship-by-investment programme which offers citizenship and other benefits in return for property purchase. The country has a pro-landlord rental market characterized by short-term rental agreements, an absence of tax on rental income and no capital gains tax, with the exception of assets sold within one year.

Health

Medical care on St. Kitts Nevis is limited but equipped. There are three hospitals on St. Kitts and one hospital on Nevis. There are also clinics on both islands. There is a general agreement in St. Kitts and Nevis that no one should be denied necessary health care because of his or her inability to pay.
The elderly on the twin island state benefit tremendously from exemptions for services in the secondary and primary health care sector. In particular, they receive free health screenings, medications, and dental and vision checks.

Education

St. Kitts has a good standard of education for all ages and the system is similar to that of the UK. Education is compulsory for children between the ages of 5 and 16, after which students may choose to either go straight on to work, continue at an advanced vocational centre, or join the national skills training program. The two years of optional secondary school are the final phase of university preparation.
The advanced vocational education centre provides competency-based skills training through a 30/70 mix of theory and practical experience. Anybody aged 16 and older may use this opportunity to prepare for work, or to further improve their skills. The Clarence Fitzroy Bryant College is the leading tertiary institution on St. Kitts and Nevis which offers a wide range of educational programmes.

Security

While there is no recurrent trend of violence on St Kitts and Nevis, it has registered a slightly higher crime rate than other countries in the area. Moreover, the country’s prison facilities are overcrowded. On a positive note, the judicial system is largely seen as efficient and able to cope with cases in a timely and professional manner. Corruption in the police force is not a serious concern, but there have been a number of incidents of police abuse in recent years. The country also has an aggregate score of 89/100 in the Freedom House Index, which securely places it as a Free Country.
To alleviate some of these problems the Government is proposing to build a new prison facility and has proposed an independent Police Complaints Commission to ensure accountability of the police force. Overall, St. Kitts and Nevis provides a safe environment and easy-going Caribbean lifestyle.

BENEFITS

  • Fast process 4 months;
  • No physical presence required;
  • No tax on worldwide income;
  • All the family included;
  • Dual citizenship allowed;

COSTS

  • Contribution to Sustainable Growth Fund of min USD $150,000 or;
  • Real Estate Investment of min USD $200.000

TAXATION

  • Exempt from taxation on foreign income

ELIGIBILITY

 

  • Main Applicant Minimum 18 years of Age
  • Clean criminal record

 

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