St. Kitts and Nevis, is a small island in the Caribbean and have favourable business environment and strong asset protection laws. For doing business in St. Kitts and Nevis, Enterslice helps you gain in-depth knowledge on how to conduct business and in understanding the legal and operational intricacies.
Thriving local and ex-pat community Global mobility Booming tourism industry Business-friendly environment Proximity to the USA Portfolio Diversification Digital Transformation Ease of operation, maintenance, and control English-based legal system No capital gains, income or inheritance tax No requirement of annual financial records Companies can be incorporated either in the form of Limited Liability Companies ('LLCs') or International Business Companies ('IBCs'). LLCs can be Private or Public Companies. The key aspects of a Private LLC are – Shareholders' liability is limited to the extent of their contribution to the company, there is absence of any minimum capital requirement. A minimum of 1 shareholder and max 50 shareholders are permitted, and a Minimum of 1 director is required. It is necessary to have a registered office in this destination. Further it is Mandatory to appoint a secretary, and it is Mandatory to include the suffix 'Limited' in the company name. The key feature of a Public LLC is that the Shareholders’ liability is limited to their contribution to the company. No minimum capital requirement. A minimum of 51 shareholders and 3 directors are required. It is permitted for offer shares to the public, a registered office, and the appointment of a secretary. Mandatory to include the suffix 'Limited' in the company name must file its audited accounts with the ROC. An IBC is a company registered under the Companies Act and the Nevis Business Corporation Ordinance in this destination but operates outside the country. Such companies aren't allowed to do business with residents and target only non-resident customers. There is a restriction on them from owning any real property in the country or conducting business activities relating to banking, assurance, insurance, fund and collective investment schemes. IBCs are typically formed as holding or investment companies. A partnership is formed when 2 or more persons have agreed to carry on a business for profit as co-owners. Partnerships can be formed as general partnerships or limited partnerships under a general partnership, the partners have joint and several liabilities for the partnership firm's obligations. Such Partnerships are established under the Limited Partnerships Act and formed by one or more general partners and one or more limited partners. General partners have the liability for all the firm's debts and obligations, whereas the limited partner's liability is limited to his contribution to the company. The name of the limited partnership must have the suffix "limited partnership" or "LP". A sole proprietorship can be incorporated by an individual who shall be liable for all the debts and obligations of the company. Foreign companies can carry out their operations by forming an 'External Company', i.e., a Branch Office in this destination, or by the constitution of a Subsidiary or a Branch Office. A subsidiary can be formed either as a private LLC or as a public LLC, or as an IBC with foreign holding, depending on certain restrictions. A branch is not considered a separate legal entity in this destination. Its operations are already defined by the foreign parent company. The types of taxes available in St. Kitts and Nevis are as follows: Personal Tax Corporate Income Tax Withholding Tax Value-added Tax Property Tax Social Security Contributions Stamp Duty Enterslice is one of the leading management consultancy firms which offers end-to-end business set-up, financial, regulatory, taxation, legal, and advisory services to early-stage businesses, start-ups, entrepreneurs, and large corporate houses across the globe. Our St. Kitts and Nevis Entry Strategy services involve the following services:Benefits of Doing Business in St. Kitts and Nevis
Different Types of Business Structures in St. Kitts and Nevis
Private LLC
Public LLC
International Business Company (IBC)
Partnerships
Limited Partnerships
Sole Proprietorship
Foreign Business (Subsidiary or a branch office)
Different Types of Taxes in St. Kitts and Nevis
About our Services
Our St. Kitts and Nevis Entry Strategy is classified into the following: Business Structures available in St. Kitts and Nevis are Private LLCs, Public LLCs, International Business Companies (IBC), Partnerships, Limited Partnerships, Sole Proprietorships, and subsidiary or branch offices. Our business set-up services include advisory related to the type of business structure you should opt for to set up business in St. Kitts and Nevis. Our team will assist you in the business registration process, in opening a bank account for the business, and in post-registration compliance. Our consultants formulate a strategic plan for establishing and operating the business depending on your business needs. We formulate a budget and develop cash flows for your business. We also review internal control processes and conduct business reviews. We provide advisory on issues related to the management of the business. Our legal experts provide legal advice on business operations, finances, IP protection, etc. We also draft legal Documents for your business and review and compile the required Paper works. We also ensure that all legal and regulatory compliance are duly complied with. Enterslice also provides complete bookkeeping services, assuring the proper maintenance of different accounting records. This involves keeping thorough and organized financial records, such as cash books, general ledgers, fixed asset registers, and accounts receivable and payable sub-ledgers. In addition to audits, Enterslice also provides financial reporting, accounting guidance, and bookkeeping services. They aid in the production of accurate financial accounts, ensure conformity to accounting standards, and offer qualified advice on difficult accounting matters. The accounts and financial statements are prepared to reflect the true and fair view of the company’s operations. On behalf of our clients, we ensure that the accounting and audit requirements are fulfilled. Our Tax Experts assist in filing tax returns. We assist companies in reporting profits within 3.5 months from the end of the financial year. We provide advisory relating to various types of taxes. Our IP Experts assist in IP Compliance. We assist in getting IP registration by filling out applications for registration and compiling relevant Documents. Our team of IP experts also advice on IP compliance and IP Protection. We also assist in enforcing IP rights against any infringement. A corporate entity can be formulated in St. Kitts and Nevis following the below-given steps: a) Select a name for the company b) Appoint a registered agent and provide all information to him c) Fill in the application and submit the Document. d) Review and draft company statutes e) Grant of registration certificate f) Purchase of company seal and stamp g) Obtain various business licenses h) Open a Corporate Bank Account i) Incorporation of the company The highly secure and privacy laws, low-cost transactions, tax benefits, economic stability, and currency protection are some of the reasons why one should prefer doing business in St. Kitts and Nevis. The benefits of opting for Enterslice for your business set-up in St. Kitts and Nevis are as follows: a) Professional Support b) 24*7 Customer Support c) Highly Integrated IT Team d) Tailor-made solution for our clients e) Competent Team of Lawyers, CAs, Cost Accountants, CSs, and CPAs. f) All-inclusive solution for our clients Yes, Enterslice helps in choosing the type of corporate structure in St. Kitts and Nevis depending upon your business wants and the financial resources available. 24x7 Client relationship support desk. Tech-enabled service delivery platform. Dedicated foreign Investment desk. 50,000+ Network of Lawyers/Attorney’s/CPA/CA/CFA. Strong team of Inhouse Lawyers/Attorney’s/CPA/CA/CFA A wide Network of Audit and Law firms in India. Individual and Dedicated professionals on every assignment. We register 100+ Companies every Month. If you have any queries related to the Process, feel free to contact us. We will provideAbout St. Kitts and Nevis Entry Strategy
Business Set-up Services
Consultancy on Managing the Business
Legal Advisory Services
Accounting and Audit Advisory Services
Tax Advisory Services
Intellectual Property Advisory Services
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“They provided customized and Highly skilled CA &services. The management invests themselves in your work. They ensured timely NBFC registration and are always ready and prepared with excellent advisory services. The best part of working with Enterslice is they are not having expertise of law but they are well versed with Digital marketing skills &fintech business model.”
“I have registered my Trademark through them. The application was filed within 3 days. And the charges were also very reasonable. We got TM Approved in 6 month’s time without any re-submission or objection. They charge high to deliver the best in industry.”
“I would like to thank the Enterslice team for the excellent business plan made by them. They understood our requirement and gave us exactly what we wanted. Thank you Team Enterslice.”
“Thanks for your services. The team is really professional. They make sure that things are delivered in time. The best part about Enterslice is the consultative approach and guiding us on all our business matters.”
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