Saint Kitts and Nevis is a peaceful and safe island jurisdiction in the Caribbean. It has a very developed tourism sector, but also opens up enormous potential for managing international and financial businesses. It encourages capital flows into the country, including through simplified registration procedures. Foreign entrepreneurs are also entitled to obtain a residence permit and citizenship for their investments. In general, establishing a company in Basseterre, for example, can open up a conglomerate of advantages.
Reasons for registering a company in Saint Kitts and Nevis
Establishing a company in Saint Kitts and Nevis promises to be potentially profitable in view of the following characteristics of the jurisdiction:
an extremely loyal approach to foreign entrepreneurs;
general simplicity of establishing a company;
confidentiality of shareholders and ultimate beneficiaries;
high degree of asset security;
extremely favorable tax conditions;
Saint Kitts and Nevis is part of the Commonwealth of Nations;
absence of exchange control restrictions.
Legal and organizational Forms
If you want to establish or purchase a company in Saint Kitts and Nevis, these forms are the most feasible for doing business:
Limited Liability Company (LLC) – this is a flexible and inexpensive corporate structure that allows a person to start a business quickly. Among its definite advantages is the limited liability of shareholders, who will not be liable for potential losses of the company over the contributions made. Even 1 individual can establish this company at any place of residence, regardless of whether it is a legal entity or an individual. There are also no legal requirements regarding the initial share capital and its payment before registration. The capital is formed by the founders.
International Business Corporation (IBC) – a business corporation that is feasible to issue and offer shares in order to attract additional capital. All obligations of shareholders are limited only to capital investments. This entity can be founded by at least 1 shareholder, who can have any nationality and be a natural or legal person. This company must also have at least 1 director, who can reside anywhere and be a legal or natural person. Different types of shares are allowed. There are no mandatory legal requirements for share capital, but it is usually declared in the amount of 50,000-100,000 USD. Share capital is formed by issuing and allocating shares. This form of business is feasible for global operation and investment inclusion.
How to start a company in St. Kitts and Nevis
The process of creating a company in St. Kitts and Nevis includes the following mandatory stages:
Formulation of the scope of economic activities that you will carry out through a future company.
Formalization of relations with a local licensed registered agent, who will actually file an application on your behalf.
Preliminary selection of an official trade name for a future company.
Search and formalization of an official legal address for a new LLC/IBC.
Requirement and formalization in the appropriate form of all documents and data about the founders, including the parent company (if any), managers and ultimate beneficiaries. This information will not be public, but must be up-to-date and available to a registered representative.
Preparation and execution of regulatory and application documents for filing.
Submission of an application for incorporation to the Company Registrar with the full set of documents, including a bank statement for payment of the incorporation fee.
Receipt of a Certificate of Incorporation in case of positive feedback.
Formalization of a ready-made company for the purposes of payment of mandatory taxes and social security contributions.
Opening corporate bank accounts.
Submission of an application for obtaining a separate license or permit, which may be required for a certain type of regulated activity.
Legal, regulatory and tax framework
Local legislation is extremely loyal to businessmen. It provides for simplified registration procedures, flexible management, no restrictions on shareholders and no financial statements.
The territorial approach to taxation is applied in Saint Kitts and Nevis. Companies have to pay taxes only on income received from the territory of Saint Kitts and Nevis. Therefore, all worldwide profits are not taxed in this state. Dividends are also not taxed.
How our experts can help
Let's say you are evaluating the establishment or purchase of a company in SAINT KITTS AND NEVIS. In this case, the lawyers of "Smart Startup UK" are ready to put this option into practice by providing legal support for the following aspects of business registration in SAINT KITTS AND NEVIS:
Request and collect all data and documents for opening a business in SAINT KITTS AND NEVIS;
Choose the name and in the interests of the client, all negotiations are conducted by us with local authorities and banks;
We arrange the legal address, accounts and employees, as well as all necessary documents for applying for the future company;
We provide comprehensive legal support for the further functioning of the new legal entity in SAINT KITTS AND NEVIS.
The portfolio of specialists of "Smart Startup UK" is formed by more than 8,000 cases in the field of registration and support of international business. Our lawyers will apply this experience to the goals of your project.
CREATE A COMPANY
Company name check and reservation
Company registration, including government fees
Obtaining an administrative identification number
Registering the company with government agencies
Writing a company charter
A set of company charter documents in electronic form
Bank contribution for the company's authorized capital
Obtaining a foreign investment permit
Opening an account at: Eastern Caribbean Central Bank, Development Bank of St. Kitts Nevis
Opening a personal bank account
Apostille and translated corporate documents
Obtaining a residence permit
Free consultation
Assistance with online trading and opening an account at viva.com for online trading
Accounting services - 12 months
Accounting services
Annual renewal 1100 Euros (paid from the second year)
*Within 35 days
IMPORTANT! We can provide you with the initial share capital (if the amount is over 5000 Euros) for registering your company in the form of a loan from our company.
Please, if you are interested, make an inquiry to us.
What is the procedure!
1. You submit an application for company registration using the application form.
2. We check whether the company name for registration is available and eligible for registration.
3. Choose a bank that meets the needs of your company from a list of partner banks of "Smart Startup UK".
4. We send you a proforma invoice for payment, which you can pay to our bank account + the amount for the initial capital of your company.
5. You receive all the necessary company documents for verification.
6. You receive details of your newly opened bank account.
7. Within the specified period (for SAINT KITTS AND NEVIS it is 35 days) you receive all the services included in the package.
8. You can manage all the services included in the package through our platform, as our team works 24/7 and you can get help from us within up to 30 minutes. We have built an internal ticket system for our clients, through which we process each of your support requests.
All services such as management, accounting, bank account opening request, licensing, tax return filing, tax payment and others are carried out through your account on our platform, this makes it easier to manage your business!
