The Twin Island Federation of St. Kitts & Nevis

St Kitts and Nevis

The islands of St Kitts and Nevis forms the Federation of St Kitts and Nevis is found in the Leeward Islands grouping in the Caribbean. St Kitts and Nevis is located near the islands of St Maarten which is to the north and Antigua which is to the east. The two islands share one constitution and one government which have its headquarters on the bigger island of St Kitts. Together the two islands have an estimated population of 43,000 inhabitants. The main language spoken in the federation is English and the local currency is the Eastern Caribbean Dollar (XCD).

The economy of St Kitts and Nevis depends mainly on its tourism industry and its offshore financial centre. St Kitts and Nevis are both are popular tourist destinations. Each year the two countries attract a large number of visitors from Canada, the United States, and Europe and from the Caribbean region. The islands have many attractions which include beaches, resorts, forests, diving and water sports and areas of historical interests. The island if St Kitts and Nevis are truly paradise. Visitors can enjoy the blue waters of the Caribbean Sea along or soaking up Caribbean sunshine on barely populated beaches. They are many family activities to be enjoyed on the lovely beaches of Saint Kitts and Nevis these include; snorkeling, sailing, diving, parasailing and swimming.

The island federation has a very long history which is well documented. St Kitts and Nevis were occupied by the English for a very long period of time during colonization, in fact the islands were some of the very first to be inhabited by the European explorers who came to the West Indies. The islands were once very important sugar producing colonies of Britain. The sugar industry was present in St Kitts and Nevis up until 2006.

Today St Kitts and Nevis are known as popular and well established offshore tax havens in the Caribbean. The islands have a well regulated offshore financial center. Offshore services being offered on the island at present include the registration of offshore entities, similar to Panama companies, or International Business Companies, the incorporation of Limited Liability Companies, and the formation of exempt trusts, offshore banking and the formation of offshore trusts. St kitts and Nevis are tax havens and therefore do not apply local taxes such as corporate tax and income tax to the capitals of offshore entities which have been earned outside of the islands. The offshore tax haven of St Kitts and Nevis has no withholding tax, capital gains tax, inheritance tax and asset tax.

St Kitts and Nevis also offers second citizenship through its Sugar Industry Diversification Foundation and its Citizenship-by-investment program. For a contribution to the SIDF or toward real estate development in St Kitts and Nevis qualifying candidates and their spouses and children can gain citizenship of St Kitts and Nevis. Due diligence is carried for all adult candidates.

The island federation of St Kitts and Nevis is one of the more developed countries in the Caribbean region. The government of the country has been successfully able to put in place infrastructure which will help develop the country and provide employment for its population.

 
 

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