Eternity Law International — News — Taxes in Saint Kitts and Nevis

Taxes in Saint Kitts and Nevis

Published:
November 19, 2020

Nevis is the first offshore jurisdiction to start registering offshore LLCs.

Nevis and Saint Kitts are tax-free offshore jurisdictions. On them, more and more often the choice falls during personal tax planning. One of the reasons for such a high level of popularity in Nevis is the strong and reliable protection of customer privacy that the islands provide. In addition, the procedure for registering a company under the jurisdiction of Nevis is an easy and very inexpensive process.

The islands of this federation do not impose mandatory requirements for the payment of income tax. However, corporate tax is levied on local resident organizations at a rate of 35%. All companies with offshore status are exempt from this tax if they do business only outside Nevis and not with its residents. Some payments abroad are subject to a 10% input tax. Nevertheless, this also has nothing to do with offshore enterprises and companies whose accounts are not opened in Nevis, but for example, in Cyprus or in St. Vincent and the Grenadines.

If an entrepreneur moves to the islands, he will be charged social insurance at a 5% rate if the earnings do not exceed $ 2.5 thousand per month.

Nevis and St Kitts do not levy capital gains tax. The exception is when it comes to the sale of local assets (for example, real estate) that you have owned for at least a year.

The current independence of the islands from the UK is a big plus, since now Nevis and St. Kitts are not obliged to obey the EU savings decree. This allows offshore companies that are incorporated in the islands some advantages over other offshore businesses owned by the Caribbean.

In addition, Nevis and St. Kitts are on the OECD white list. Today, this tax haven has signed 34 international tax data exchange agreements.

You could be interested

Banks for sale in Luxembourg

The banking system in Luxembourg can be divided into three levels. At the first level, as the most important, the entire management system is located, namely the National Bank, its offices, agencies, regional banks and bodies that regulate it all. At this level, the work of all banking institutions is controlled and a structured monetary...

Cyprus Authorised Crypto Companies

The realm of digital assets continues its relentless augmentation worldwide, ushering in myriad prospects for entrepreneurs and financial visionaries. Cyprus has ascended as a coveted epicenter for cryptocurrency companies in Cyprus, owing to its meticulously structured legislative ecosystem and unbridled access to the European economic sphere. This jurisdiction serves as an optimal setting for those...

Control of cryptocurrencies in Europe

The governments of many states are quite controversial about cryptocurrencies, so the control of cryptocurrencies in Europe is quite strict. This is primarily due to the unstable political and economic situation, as well as attempts to operate with cryptocurrency in illegal transactions with funds, financing terrorism. How to find out about all the changes in...

5AMLD – 5th EU Anti-Money Laundering Directive: All You Need To Consider

5AMLD – the Fifth Anti-Money Laundering Directive – comes into force on January 10, 2020. Based on the regulatory regime that was applied to the previous 4AMLD Directive – this document aims to strengthen the AML/CFT of the European Union, which will help to find effective solutions to some of the existing problems and those...

Company registration in the Caymans

An offshore company registered in the Cayman Islands is an opportunity to bring your business to an international level in the shortest possible time. Caymans are a prestigious jurisdiction that was one of the first to register foreign companies. That is why many global corporations have established their offices here. The banking sector and the...

PSP license in Latvia

The Baltic countryside has become a big financial-centers in a short duration. But Latvia allows a gentle policy concerning fees for corporations that want to obtain a PSP license in Latvia. To get a PSP license in Latvia, a corporation needs to spend a lot of time and resources. But the time invested is more...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof
+41 435 50 73 23

Kyiv

Baseina street, 7
+38 094 712 03 54

London

Grosvenor Gardens, 52
+44 203 868 34 37

Washington

1629 K St. Suite 300 N.W.
+1 (888) 647 05 40 Toll Free

Vilnius

Gediminas Avenue, 44A
+370 52 11 14 32

Tallinn

Kesklinna linnaosa, Tuukri 19
+372 880 41 85

Edinburgh

Lochrin Square, 1
+44 203 868 34 37

Nicosia

Jacovides Tower, 5 floor
+371 665 550 51

Riga

Esplanade, 7 floor
+371 665 550 51

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai
+852800938622 Toll Free

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard
+6531594300

Sydney

20 Martin Place
+61 2 888 00 365

Porto

2609 Avenida da Boavista
+351 800 500 206 Toll Free
Calls are made only from Portugal

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7
+995706070360