Saint Kitts and Nevis
The ISO code of Saint Kitts and Nevis is KN according to the ISO 3166 standard. The local name of the country is the same as its English name. Saint Kitts and Nevis capital city is Basseterre. People in Saint Kitts and Nevis speak the English language. On 19 September 1983, Saint Kitts and Nevis emerged as a sovereign political entity. In the year 09/19/1983, Saint Kitts and Nevis emerged as a sovereign political entity. The largest city in Saint Kitts and Nevis is Basseterre.
Saint Kitts and Nevis is located in the UTC -04:00 time zone, which is also called Atlantic Standard Time or AST. The internet country code top-level domain (ccTLD) for Saint Kitts and Nevis is .kn. The International dialing code for Saint Kitts and Nevis is 1869. People in Saint Kitts and Nevis drive on the left side of the road. Total land area of Saint Kitts and Nevis is 261 km² (approx. 101 mi²). Saint Kitts and Nevis is not a landlocked country. It means that is is bordered by at least one major body of water.
Saint Kitts and Nevis is located in North America. Saint Kitts and Nevis is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Doing business in Saint Kitts and Nevis
We offer various corporate services in Saint Kitts and Nevis jurisdiction. These services can serve both, people coming from Saint Kitts and Nevis and foreigners. If you plan on doing business in Saint Kitts and Nevis you might be interested in contacting us.
To find out about starting your business in Saint Kitts and Nevis click on company formation in Saint Kitts and Nevis.
To find out how to open a bank account in Saint Kitts and Nevis and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Saint Kitts and Nevis.
Choose preferred service below or continue reading to find out more about Saint Kitts and Nevis.
Demographics of Saint Kitts and Nevis
The total population of Saint Kitts and Nevis is 55,850 people. In Saint Kitts and Nevis, the population density is 192 people per square kilometer (499 per square mile). Because of this statistic, this country is considered to be densely populated. The ethnic diversity is almost uniform according to a fractionalization scale which for Saint Kitts and Nevis is 0.1842. Saint Kitts and Nevis has approximately 5673 foreign immigrants. The median age is approximately 33.5 years. In Saint Kitts and Nevis, 79.35 in every 100 people use internet. Saint Kitts and Nevis has a Human Development Index (HDI) of 0.75.
The majority religion of Saint Kitts and Nevis is Christianity, Saint Kitts and Nevis is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Saint Kitts and Nevis.
Culture of Saint Kitts and Nevis
People in Saint Kitts and Nevis speak the English language. According to data on inbound tourists in Saint Kitts and Nevis, 107,000 tourists arrive in the country each year. One of the most popular national dishes of Saint Kitts and Nevis is stewed saltfish. To read more click on culture of Saint Kitts and Nevis.
Geography of Saint Kitts and Nevis
Saint Kitts and Nevis is considered to be a large nation because of its total area. Its total land area is 261 km² (approx. 101 mi²). Saint Kitts and Nevis is located in North America. Its capital city is Basseterre. Saint Kitts and Nevis has no land borders.
The highest point of Saint Kitts and Nevis is Mount Liamuiga, with its official height being 1156 m (3,793 ft). Including land mass and EEZ, the total area of Saint Kitts and Nevis is approximately 10,235 km² (~3,952 mi²). As for natural resources, Saint Kitts and Nevis is known for its arable land.To read more click on geography of Saint Kitts and Nevis.
Economy of Saint Kitts and Nevis
The currency of the country is eastern caribbean dollar. The symbol used for this currency is $, and it is abbreviated as XCD. 8.2% of population in the country are unemployed. The total number of unemployed people in Saint Kitts and Nevis is 4,580. Each year, Saint Kitts and Nevis exports around $0.06 billion and imports roughly $0.36 billion. The Gini Index of the country is 40. Saint Kitts and Nevis has a Human Development Index (HDI) of 0.75.Saint Kitts and Nevis is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are tourism, cotton, salt, copra, clothing, footwear, beverages.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Saint Kitts and Nevis is $1,281 billion. The corporate tax in Saint Kitts and Nevis is set at 33%. Personal income tax ranges from 0% to 0%, depending on your specific situation and income level. VAT in Saint Kitts and Nevis is 17%. In 2013, Saint Kitts and Nevis received 21.9 million USD in foreign aid.In 2014, the foreign aid amounted to 16 USD.To read more click on economy of Saint Kitts and Nevis.
Infrastructure of Saint Kitts and Nevis
In Saint Kitts and Nevis, 90.9% of the population has access to electricity. There are 54 internet hosts in Saint Kitts and Nevis. Saint Kitts and Nevis has 2 airports nationwide.
The number of road motor vehicles per 1000 inhabitants in Saint Kitts and Nevis is 176. To read more click on infrastructure of Saint Kitts and Nevis.
Politics of Saint Kitts and Nevis
Saint Kitts and Nevis, is a parliamentary democracy under federal constitutional monarchy. With regard to political and civil freedoms, Saint Kitts and Nevis is 1. Citizens in Saint Kitts and Nevis experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Elizabeth II.
According to the World Bank Group, the government effectiveness index of Saint Kitts and Nevis is -0.08. This indicates that the government of Saint Kitts and Nevis is mediocre. While some public and civil services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully evaluate the governmental situation in Saint Kitts and Nevis before considering any business maneuvers.In Saint Kitts and Nevis, the legislative power is vested in a National Assembly. The strength of legal rights index for Saint Kitts and Nevis is 5. Overall, it is considered to be rather inadequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders to some degree; credit information may be sufficient, but hardly available, or, the oppoiste case, available but not sufficient. In 2013, Saint Kitts and Nevis received 21.9 million USD in foreign aid. In 2014, the foreign aid amounted to 16 USD. Saint Kitts and Nevis is a member of the United Nations (UN). On 23 September 1983, it joined the UN as a full member state. Saint Kitts and Nevis is a member of the World Bank. To read more click on politics of Saint Kitts and Nevis.
Environment of Saint Kitts and Nevis
Saint Kitts and Nevis emits 5.1 metric tons per capita of CO2. 50 km² of Saint Kitts and Nevis's territory is covered in forests. and forest land comprises 19% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Saint Kitts and Nevis is 176. To read more click on environment of Saint Kitts and Nevis.
Company formation in Saint Kitts and Nevis
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Saint Kitts and Nevis.
When establishing a company in Saint Kitts and Nevis, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Saint Kitts and Nevis that will affect the establishment and growth of one's business. Contact us or click on company formation in Saint Kitts and Nevis to read additional information when setting up a business.
Bank account opening in Saint Kitts and Nevis
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Saint Kitts and Nevis. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Saint Kitts and Nevis, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Saint Kitts and Nevis or contact us.