Located approximately 1,200 miles southeast of Miami, Florida, they are an independent nation of two islands and they have many English traditions as it was the country that discovered and developed them. St Kitts Founded in 1653, was the first English colony in the Caribbean. Tourism along with financial services are the main sources of revenues, the official language is English although Spanish is also well known for our resident agents in St Kitts and Nevis.

The political system is based on a democracy that takes the example of the British parliamentary system and has an elected local assembly. The legal system in St Kitts and Nevis is based on English common law; on the one hand it is the superior court of justice I and by another the court of appeals. Companies in St Kitts and Nevis are known as an International Business Corporation (IBC) and all though they are established to a British tradition, the structure of the corporation is based on the American model of the state of Delaware.

Banks in St Kitts and Nevis accept any legal tender currency in Eur, U.S. dollars, pounds sterling, Swiss francs .... they have communications and telecommunications infrastructures of first class such as England, USA and Japan. Offshore Companies in St Kitts and Nevis are exempt from tax on all income, dividends, rent .. etc.

They have a program of economic promotion of the islands in order to obtain citizenship and Nevisian passport; it is enough to make an investment of 200,000 Euros in the country and once the investment has been made for a year; the investor will automatically be a Nevisian citizen with the tax interest that could generate in the country onshore or high taxation.

Business Corporation Act of St Kitts and Nevis: In St Kitts and Nevis an offshore corporation is known as an International Business Corporation or IBC These companies do not pay any taxes on the islands of all income earned anywhere in the world except the island of Nevis; If the company chooses to do business with companies in St Kitts and Nevis it will face the taxes derived from business conducted between the two companies on the islands, the IBC does not need to record annual earnings.

Benefits of creating an offshore company in St. Kitts and Nevis:

- There is no income tax, social security, capital gains, withholding, stamp duty for import and export.

- No gift taxes, death, property, dividend, distribution or inheritance.

- Bearer shares.

- There is no minimum authorized capital.

- The business license is not required.

- The officers, directors and members of the company are not identified in the register.

- Before any civil suit there must be 25,000 Eur in bonds in court by the plaintiff to proceed with the claim.

- Easy and rapid incorporation, in about 2-3 days your corporation would be established.

- IBC Companies registered in St Kitts and Nevis must always have a resident agent; the IBC may also have a registered office in St Kitts and Nevis to normally act as a resident agent office in the country.

- There are no exchange controls for tax information exchange with other countries including the United States and European Union countries, so for any request of a government asking for financial information from a beneficiary of a company or bank account in St Kitts and Nevis will be totally rejected, they do not give any customer information or the resident agent of the bank.

- Companies in St Kitts is unique because it allows international portability or transfer to a foreign company in the country of origin on the island, this is known as a re-home provision, this will enable instant transfer fluid in an American, British, Panamanian or foreign corporate, retaining its original name and date of incorporation.

- In the mid 90’s St Kitts and Nevis ordinance enacted a limited liability company which is the typical company we know as a Limited Duration Company, or LLC, with the added benefit that this type of company will be treated under the tax laws of the United States.

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