St. Kitts and Nevis, also known as Saint Christopher and Nevis, has been independent since 1983 and forms part of the group of islands known as the Lesser Antilles, located some 2,000 km to the southeast of Miami. The Federation comprises two islands: Nevis with an area of some 93.2 km2 and St. Kitts with 168.4 km2. The official and business language is English.
The Federation is a member of the United Nations (UN), of the Organization of American States (OAS), the British Commonwealth and many other international organizations. The Eastern Caribbean Central Bank has its headquarters on St. Kitts. It maintains the stability of the Eastern Caribbean Dollar (EC$), which is the national currency of most eastern Caribbean countries and is tied to the US Dollar. The head of state is the Queen of England. St. Kitts and Nevis is a well functioning democracy based on the British parliamentary system.
St. Kitts and Nevis has a pleasant climate, particularly during the cooler months from December to March. Humidity is relatively low, and constant northeast trade winds keep the islands cool. St. Kitts & Nevis offers good opportunities for investors. The workforce is well-educated, English-speaking and friendly. The Government grants tax breaks, guaranteed repatriation of profits and concessions on import duties. There are no income or capital gains taxes, no net wealth taxes and no inheritance or gift taxes in St. Kitts & Nevis.
Nevis is a 36 square mile (93 square kilometer) island in the Caribbean; its capital is Charlestown. The island is located 250 miles southeast of Puerto Rico, 30 miles west of Antigua and 2 miles south of its sister island of Saint Christopher (better known as “Saint Kitts”).
Regional carriers provide daily access from Vance Amory International Airport to Saint Kitts, Antigua, Sint Maarten-Saint Martin and Puerto Rico. There is also sea ferry service to Saint Kitts, for cars and persons which provides a breathtaking view of the coastlines of both islands. The island is almost circular, with a cloud capped 3,232 foot mountain (985 meters) called Nevis Peak rising in its center. Nevis has a certain level of autonomy as it has its own laws, Parliament and Premier. Nevis also has its own flag which contains elements of the flag of the Federation of Saint Kitts-Nevis. There is a High Court in Saint Kitts-Nevis, from which appeals are taken to the Eastern Caribbean Supreme Court in Saint Lucia, with final appeals to the Privy Council in London.
Tourism is the major source of revenue for Nevis. There are several resorts on the island including the Nisbet Plantation Beach Club, the Mount Nevis Hotel and the Four Seasons Nevis. A growing sector of the economy is offshore financial services, as several banks, trust companies, asset management firms have established offices on Nevis. The official currency is the Eastern Caribbean Dollar (“EC$”), which is shared by eight other countries and territories in the region. The EC$ is pegged to the US Dollar (“US$”) at a rate of EC$2.70 to US$1.00. The US$ is also widely accepted and exchangeable throughout the island.