Saint Kitts e Nevis
- Capital
Basseterre
- In total area
261 km²
- Population
47.606
- Density
160 inhabitants/km²
- Pro-capite GDP
$ 18.082,61
- Average net annual salary
$ 58.531,00
- Currency
Caribbean dollar
20,3
Location
19
Freedom
17,9
Lifestyle
16
Taxation
22,5
Expat
18,9
Business
17,4
Family
17,9
Retirement
16,6
Future
Final Score: 166,5
GV Rank: 17th
| Location | Beauty | Safety | Pollution | Services | GV | Total |
|---|---|---|---|---|---|---|
|
|
4,6 |
3,7 |
3,9 |
3,9 |
4,2 |
20,3 |
| Freedom | Democracy | Economic | Speech | Justice | GV | Total |
|---|---|---|---|---|---|---|
|
|
4 |
3,2 |
2,7 |
4,6 |
4,5 |
19 |
| Lifestyle | Quality | Cost | Happiness | Education | GV | Total |
|---|---|---|---|---|---|---|
|
|
3,7 |
3,3 |
3,7 |
3,2 |
4 |
17,9 |
| Taxation | Rate | System | Black List | Agreement | GV | Total |
|---|---|---|---|---|---|---|
|
|
3,7 |
2,8 |
3,3 |
2,5 |
3,7 |
16 |
| Expat | Passport | Residence | Citizenship | Duties | GV | Total |
|---|---|---|---|---|---|---|
|
|
4,8 |
4,5 |
4,8 |
3,9 |
4,5 |
22,5 |
| Business | Economic | System | Service | Justice | GV | Total |
|---|---|---|---|---|---|---|
|
|
3,2 |
2,8 |
3,9 |
4,6 |
4,4 |
18,9 |
| Family | Education | Healthcare | Safety | Family | GV | Total |
|---|---|---|---|---|---|---|
|
|
3,2 |
3,4 |
3,7 |
3,3 |
3,8 |
17,4 |
| Retirement | Safety | Retirement | Healthcare | Quality | GV | Total |
|---|---|---|---|---|---|---|
|
|
3,7 |
3,2 |
3,4 |
3,7 |
3,9 |
17,9 |
| Future | Innovation | Peace | Enviroment | Economic | GV | Total |
|---|---|---|---|---|---|---|
|
|
3,4 |
3 |
3,4 |
3,2 |
3,6 |
16,6 |
Country overview
Saint Kitts and Nevis or Saint Christopher and Nevis (San Cristoforo e Nevis) is an island state in Central America corresponding to a small archipelago formed by two islands of the Lesser Antilles, Saint Kitts (or Saint Christopher) and Nevis, independent since 1983. Saint Kitts and Nevis is a member of the Caribbean Community (CARICOM) and the Organization of Eastern Caribbean States (OECS), as well as the UN. The country's economy is essentially based on tourism, the sugar industry (which is now in progressive decline, especially after the closure of the state company, which had caused huge damage in terms of deficit), and in recent years on the export of manufactured goods and the offshore banking system, mainly in the nautical sector. However, the islands are exposed to the risk of hurricanes (in 1998, Hurricane George caused almost 500 billion dollars in damage).
Location
The location of the two islands is typical of the Caribbean areas, as demonstrated by the predominance of tourism. The lifestyle is calm and relaxing, the climate is optimal, even if there is a risk of hurricanes; crime is not very high, in line with neighboring countries, and services are all in all discreet and functional.
Freedom
The freedom indexes are in line with those of the Caribbean countries linked to common law; from a political point of view, it is a democratic and federal monarchy, which guarantees a certain autonomy to the two islands that make up the country. The favor for offshore investments also guarantees a certain economic freedom that favors businesses and the financial sector.
Lifestyle
The lifestyle is Caribbean, accompanied by the presence of financial giants and banks that on the one hand increase the country's per capita GDP compared to other similar countries, but at the same time make the cost of living significantly higher than in other Caribbean countries.
Taxation
Taxation is world-wide, but there are incentives and low-tax solutions for companies, which otherwise have a tax rate above the average of similar countries. Individuals are not subject to taxation. St. Kitts and Nevis has joined FATCA, CRS and has signed several agreements on the exchange of information with foreign countries. On May 25, 2018, the Council of the European Union removed St. Kitts from the list of non-cooperative jurisdictions in the tax field, following the commitments made by the country's authorities to address the critical issues reported by the EU. For reasons, it is now out of all blacklists.
Expat
The passport of St. Kitts and Nevis is one of the most powerful in the Caribbean area, but also one of the most expensive in terms of investment. There are also several benefits for residency, including obtaining a tax certificate, some of them at costs that are not so low compared to the options of neighboring countries. There is a Trust law that provides excellent advantages in terms of taxation, asset protection and data protection.
Business
The attractiveness of foreign capital makes St. Kitts and Nevis a great country to set up business, although under certain conditions. Corporate taxation is not very favorable, but there are benefits for foreign companies. The bureaucracy is quite simple for a Caribbean country and the banking and financial sectors are quite developed.
Family
The country has a good family index thanks to its safety and a good level of education system for a Caribbean country; however, higher than average costs can discourage the family from moving to the country.
Retirement
Higher living costs and poor healthcare do not make St. Kitts and Nevis the best place to retire, but it is still a relatively safe and quiet country with average public services.
Future
Despite the focus on attracting foreign capital through a favorable banking and financial system, and despite being a geopolitically secure country like other Caribbean countries, St. Kitts and Nevis remains very focused on tourism and less on the sectors of innovation and research.
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