Return and Investment Policy in Nevis
Overview
The Nevis Return and Investment Policy is designed to encourage the return of nationals, retirees, and individuals with ancestral ties to Nevis, as well as to attract broader investment from the Diaspora. The aim of the initiative is to make re-integration and investment in Nevis as seamless, attractive, and accessible as possible, replacing the previous policy with a more expansive and flexible framework.
Customs Duty Exemptions
One of the key aspects of the policy is a range of customs duty exemptions, which will apply to the importation of various personal and business-related items, including:
- Used personal items
- Vehicles for personal or business use
- Construction materials for residential or commercial development
- Furniture and fittings for home or business
- Tools and equipment for new businesses
- Startup stock and supplies for new business owners (duty-free)
Additional Concessions for Priority Sectors
Businesses falling under certain priority sectors, such as:
- Specialized medical care (with an emphasis on diagnostic services)
- ICT development
- Vocational skills training
- Hotel and resort development
- Light manufacturing
- Professional services like accounting and construction management
- Agro-processing
- Agriculture
- Recycling
- Green energy
can apply for additional concessions through the Ministry of Finance.
Land Ownership for Individuals with Ancestral Roots
The policy also addresses land ownership for those with ancestral roots in Nevis but without St. Kitts and Nevis citizenship. These individuals can apply for an Alien Landholders License (ALHL) to purchase real estate on the island, with the 10 percent ALHL fee waived for them. The approval process for these applications is streamlined, taking no longer than 14 days.
Premier’s Remarks
Premier of Nevis, the Honourable Mark Brantley, emphasized the importance of returning nationals and their contributions to the economic growth of Nevis. He pointed out that investment in Nevis, especially in key areas like specialized healthcare and green energy, would enhance the island’s sustainability and prosperity.
Conclusion
The Nevis Return and Investment Policy is part of a broader strategy to attract investment, supporting the growth of the island’s economy and strengthening its ties to the international community.
FAQs
- What is the purpose of the Nevis Return and Investment Policy?
The policy aims to encourage the return of nationals, retirees, and individuals with ancestral ties to Nevis, as well as to attract broader investment from the Diaspora. - What are the customs duty exemptions available under the policy?
The policy offers customs duty exemptions for various personal and business-related items, including used personal items, vehicles, construction materials, and more. - What are the priority sectors for additional concessions?
The priority sectors include specialized medical care, ICT development, vocational skills training, hotel and resort development, light manufacturing, and more. - How do I apply for an Alien Landholders License (ALHL)?
Individuals with ancestral roots in Nevis can apply for an ALHL to purchase real estate on the island, with the 10 percent ALHL fee waived for them. The approval process takes no longer than 14 days.
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