Saint Kitts: Offshore Legal and Tax Regimes
Taxation of Offshore Entities
See Domestic Corporate Taxation for the general principles of Saint Kitts corporate taxation.
Whether under Federation legislation or Nevisvian legislation, offshore entities in Saint Kitts and Nevis are exempt from Corporate Income Tax, Withholding Tax and Capital Gains Tax, as long as they carry on business only with non-residents of the Federation. However, the various laws make it clear that an exempt entity does not lose its tax waivers because of certain activities within the Federation including signing contracts or concluding arrangements for employing residents, purchasing goods and services, and exercising other powers to carry on 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 exempt status.
At the time of writing, Saint Kitts and Nevis companies paid the following fees:
An Exempt Private Company (Saint Kitts and Nevis) pays an annual fee of USD200 to the government on filing of the annual return.
An International Business Company (Nevis) pays an annual fee of USD200 to the government (no annual return is required). Capital duty is USD200 based on an authorised share capital of 1,000 shares at no par value or on USD100,000 of par value shares.
An Exempt Limited Partnership (Saint Kitts and Nevis) pays an annual registration fee of USD200 to the government.
A Limited Liability Company (Nevis) pays an annual registration fee of USD220 to the government.
A Trust (Saint Kitts and Nevis) pays an annual fee of USD200 to the government along with a statutory declaration of exempt status.
An International Exempt Trust (Nevis) pays an annual registration fee of USD220 to the government.