INVEST IN ST Kitts & Nevis

INVEST IN ST Kitts & Nevis - Economy

In 2011, the Growth Domestic Product (GDP) in St. Kitts and Nevis was $709 million dollars. In the past five years, GDP in the Federation has experienced a healthy growth of 9.57%. Its currency, the East Caribbean dollar, has maintained a fixed exchange rate of 2.7 to the US dollar. The primary industries here are tourism, agriculture, animal husbandry, fishing, forestry, and mining. As tourism and real estate investment increases on this island, global appeal is increasing as well for several reasons. There are numerous benefits to investing in a property in St. Kitts and Nevis, and ultimately becoming a citizen. Once a citizen, you are completely freed from several types of taxes, including personal income, capital gain, gift, wealth, or inheritance taxes. In addition, you will have the ability to travel, without a visa, to 139 different countries, including the United Kingdom, Canada, France, Germany, and Switzerland. The Federation has embassies & diplomatic missions in the following places: Washington D.C., London, New York, Canada, Belgium, Jamaica, Dubai, and the Republic of China (Taiwan). Furthermore, you will be residing in a country that is favorable to new business development ventures, and one that holds a currency that is directly tied to the US dollar.