St. Kitts Tax Exempt Company Advantages

A Private Exempt Company pays no income tax, capital gains tax or withholding taxes, as long as it conducts business exclusively with persons who are not residents in the Federation of St. Kitts and Nevis.

In addition, the Companies Act makes it clear that an exempt company does not lose its tax exempt status because of certain activities within the Federation. This includes signing contracts or concluding arrangements for employing residents, purchasing goods and services, and exercising other powers to carry out its business, such as holding directors’ and members’ meetings, transacting banking and reinsurance business, and conducting securities transactions or serving as adviser to Federation residents who enjoy tax exempt status.

Corporate Solutions Ltd. (CSL) provides professional services to help you establish your tax exempt company. These include company incorporation, basic company administration, and other associated services.

St. Kitts Tax Exempt Company Advantages

  • No estate, inheritance, succession or gift taxes
  • Rate, duty, levy or other charge is payable locally by any person with regard to any international property owned by, or securities issued or created by or in respect of, an exempt company
  • No annual financial returns or other reports by shareholders or directors are required to be filed in the public records of St. Kitts
  • No minimum capitalization requirements before commencing business
  • Shareholders, directors and officers can be of any nationality and reside anywhere
  • Beneficial ownership information is confidential
  • The Secretary of the company can be a corporation or an individual

Requirements

  • All companies must have a registered office in the Federation to which communications and notices may be addressed.
  • A private company must have at least one director who may be an individual or a corporate body.
  • Every company must have a Secretary and may have one or more assistant secretaries who, or each of whom, may be an individual or a corporate body.
  • An annual fee of US$200 is payable to the government on filing of the annual return.

Your first step: Contact CSL for a complimentary consultation. We will be pleased to answer any questions you may have and show how we can streamline the process for you. We promise to respond to your inquiry within one business day.