Important factors to consider in residence planning
St. Kitts and Nevis is an exclusive Caribbean destination with impressive natural beauty and has a rich history with varied influences from different cultures. The twin islands offer almost year-round sunshine and a diverse range of landscapes. Today, the main economic drivers are tourism, real estate, and financial services.
St. Kitts is 23 miles long and five miles across at its widest, encompassing an area of 68 square miles. Nevis, the smaller island, lies to the south and is approximately seven miles in diameter, covering a total of 36 square miles. The two islands support a population of about 56,000. Unlike other islands in the Caribbean, except Dominica, St. Kitts and Nevis embodies a kind of lush, tropical paradise usually associated with the South Pacific. Its ambience is a blend of sunlight, sea air, and abundant vegetation. At the center of St. Kitts stands the spectacular, cloud-fringed peak of Mount Liamuiga (pronounced Lee-a-mweega), a dormant volcano covered by dense tropical forest.
Although tourism plays a smaller role than on other Caribbean islands, the twin-island federation offers fine beaches and an outstandingly attractive mountainous landscape. St. Kitts has a well-designed championship golf course laid out between the Caribbean Sea and the Atlantic Ocean, with a second golf course at Sandy Point some 10 miles from Basseterre, the capital. There is also a very attractive golf course on Nevis. The truly appropriate motto of the tourism authority is: Two islands, one paradise.
There are very good opportunities for the labor-intensive manufacturing of goods for export to the USA and the European Community, both of which allow reductions in import duties on certain goods manufactured in St. Kitts and Nevis. The workforce is well-educated.
In agriculture, there is good potential for the introduction of new high-value crops that are suitable for small-scale farming in lush, tropical conditions. These crops can include orchids, certain varieties of fruits or nuts, and other tropical plants for medicinal or perfumery purposes or for export as live plants.
The financial services industry of St. Kitts and Nevis has been developed on the foundations set by legislation passed for the registration of companies, foundations, trusts, international insurance, and trust service providers. It is expected that St. Kitts and Nevis will eventually take its place as a center for offshore services, which will contribute significantly to the local economy in the future.
Through its office in St Kitts, Henley & Partners assists foreign nationals in acquiring citizenship through the official citizenship-by-investment program, provide fiduciary services, and advise on all aspects of investing and conducting business in St. Kitts and Nevis and throughout the Eastern Caribbean region.
The specialized services of Henley & Partners complement the services of other consulting and law firms. We frequently assist other firms and their clients, particularly with the unique and specific details required by the acquisition of citizenship under the citizenship-by-investment program. Please contact us for more information.