Start a Company in
St Kitts & Nevis
Starting a business in St. Kitts and Nevis provides key advantages, including tax exemptions, strong confidentiality protections, and a simple registration process. This Caribbean destination offers attractive incentives for international investors looking for privacy and tax efficiency.
here's what you need to know
- Companies are exempt from corporate taxes if they conduct business only with non-residents and are not managed or controlled locally
- Strict privacy regulations protect financial affairs, ideal for high-net-worth individuals and businesses.No requirement to disclose beneficial ownership information.
- Flexibility in using nominee services for shareholders and directors.
- Companies are not required to have a minimum share capital.
- No capital gains tax unless assets are sold within 12 months, then a 20% tax applies
- Exemptions from import duties on materials for approved projects, tax holidays of up to 15 years, and export incentives. Special incentives for international investment in tourism under the Hotel Aids Act, including tax holidays for hotel construction and refurbishment.
Why us?
Responsibility
We take responsibility for our actions and results.
Integrity
We strive to provide the highest level of consulting services
Accuracy
We adhere to high ethical standards
Individual approach
Our individual solutions are focused on customer needs
Prepatory Stage
- Determine the services you will provide
- Choose the name for your company
Compile the documents
- Prepare copies of your passport, proof of address for yourself and any directors or shareholders.
- Once we receive all the documents, we will prepare the articles of association for your company
Submission & Final Approval
- Once all the documents are signed we will submit them to the registrar for final approval.
Complete the Initial Questionnaire
- Fill out a short form with basic company and contact details
- Indicate your business activity and countries of operation
Choose Your Account Type and Services
- Select between personal, business, or merchant account
- Choose additional services (e.g. multicurrency support, online banking)
Undergo Compliance Check
- Wait for the bank's initial due diligence
- Respond to any additional compliance questions or requests
Account Activation
- Receive final confirmation from the bank
Our solutions include:
- Preparing monthly, quarterly and yearly management accounts, cash flow statements for management purposes.
- Preparing annual financial statements.
- Attending to the auditors during review of the company’s financial records.
- Administering the payroll process, including calculating and crediting of the net remuneration to individual employee’s bank account.
- VAT consultancy, support registration VAT number, filing VAT-returns and reclaiming foreign VAT
- Other financial reports
Accounting required documents:
- Company bank statements for the accounting reference period.
- Sales orders/invoices.
- List of customer’s deposits and pre-payments outstanding.
- Purchase invoices from suppliers, both paid and unpaid.
- Cash Expense receipts.
- Inventory listing.
- Documents pertaining to purchase, major repair and sales of fixed assets.
- Detailed payroll information.
- Any other related documents i.e. bank loans, lease agreements, insurance.
Streamline administration with our expert help
- Legal address & contact person
- Banking account opening assistance
- Accounting
- Tax consulting
- Company formation
QA
What are the costs of setting up a Nevis LLC?
Costs vary based on services and business complexity, typically including government fees, registered agent fees, and optional legal service fees.
What are the economic substance requirements in Nevis?
Companies must conduct core income-generating activities in Nevis and demonstrate local management and control, depending on their business type.
Does St. Kitts & Nevis offer offshore banking for companies?
Yes, companies can access offshore banking services with financial privacy and tax benefits, provided they meet compliance and due diligence regulations.
Are nominee directors and shareholders allowed in Nevis?
Yes, Nevis permits the use of nominee directors and shareholders, offering enhanced privacy for company owners.
Is there a minimum share capital requirement in St. Kitts & Nevis?
No, there is no minimum share capital requirement for companies in St. Kitts & Nevis.
What is the Corporate Income Tax (CIT) rate in St. Kitts & Nevis?
Resident companies are taxed at 33% on worldwide income.Non-resident companies are tax-exempt on all income earned outside of St. Kitts & Nevis.
What are the Value-Added Tax (VAT) rates in St. Kitts & Nevis?
The standard VAT rate is 17%.
Does St. Kitts & Nevis have Double Taxation Avoidance Agreements (DTAAs)?
Yes, with the following countries: Canada, Denmark, Monaco, New Zealand, Norway, San Marino, Sweden, Switzerland, the United Kingdom, and the USA.
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