The majority of business owners form a company to become their own boss and have control of their future. However, if you have considered forming a business somewhere other than in the United States, there are a number of options to consider. One of these is to choose St. Kitts for your company formation. Some of the specific benefits offered by doing this are highlighted here.
St. Kitts is considered to be a leading international Caribbean Offshore Financial Center that has excellent standards and a good reputation. As a result, it has become a hub for those wanting to start new companies. There are a number of reasons for this, with most of them being related to the benefits that this location offers. Some of the other benefits of forming a company here includes:
- There is no levy VAT or other types of indirect taxes. There is also no inheritance tax, death duty, wealth tax, capital gains tax or income tax.
- The fiscal and legislative independence means that the island is able to quickly respond to the various needs of businesses.
- New legislation has been introduced regularly to offer up a number of different services. This includes LLCs, Mutual Funds, Insurance Companies, Multiform Foundations and Registered Trusts.
- St. Kitts is independent, and it also offers a stable economic and political environment.
- The island is a former colony of Britain, and it applies a common legal system, which is very similar to the English one.
- It is a regulated jurisdiction that is recognized by the Financial Action Taskforce, as well as the Organization for Co-operation and Development.
When starting a business, these are benefits that can be extremely helpful. It can help to minimize your start-up costs and help you get off the ground with a firm foundation. There are a number of small business and company programs you can take advantage of, as well.
When you go to St. Kitts for creating your company, you will find a welcoming location that will help you grow and develop the business you want to create. You can also minimize the amount of money you have to invest due to the absence of taxes and other fees that are required in other countries.
While there are still some requirements that must be met, they are much more lax that what you will find in the U.S. or the U.K., among other countries.
For more information about St. Kitts company formation, visit the Caribbean Governance Consultants Inc. website.
