Nevis Return and Investment Policy
Objective
This initiative is designed to encourage and attract retirees, nationals, persons with ancestral roots in Nevis, and members of the Diaspora to return to Nevis to live and invest.
Concessions
The concessions include exemptions on Customs Duties for personal items, vehicles, construction materials, furniture, and tools for business startups. Special provisions also apply to those investing in priority sectors such as specialized medical care with emphasis on diagnostic services; information technology/ICT development; hotel development, alternative/green energy consultations, sales and installation; light manufacturing; professional services including accounting, auditing, construction management, and architecture; call or contact center operations; agro-processing; recycling and waste disposal; and agriculture, among others.
Alien Landholders License (ALHL) Fee Waiver
For individuals of Nevisian descent who do not hold a St. Kitts and Nevis passport but can demonstrate ancestral ties through a parent, grandparent, or great-grandparent, the ALHL fee of 10 percent on real estate purchases will be waived. These applications will be processed within 14 days.
Business Concessions
Applicants starting or acquiring businesses on Nevis will benefit from additional incentives, including corporate tax exemptions, reduced work permit fees for foreign workers (where local skills are unavailable), and waived or discounted business license fees. A minimum investment of US$100,000 is required to qualify for these business concessions.
Other Terms and Conditions
While the policy offers generous exemptions, Value Added Tax (VAT), Customs Service Charges, and Environmental Levy (where applicable) remain payable. Additionally, duty-free concessions cannot be combined with VAT reduction days.
NIA Commitment
The NIA is committed to ensuring the success of this policy by fostering economic growth, attracting investment, and strengthening ties with the Nevisian Diaspora. The overarching goal is to create a streamlined, attractive, and seamless process for re-integration and investment into Nevis.
Dedicated Unit
To facilitate this, the NIA has established a dedicated unit under the Ministry of Finance to address all aspects of the policy. This unit will serve as a “one-stop shop,” providing direct support and acting as a liaison for individuals wishing to return to Nevis.
Conclusion
The Nevis Return and Investment Policy aims to encourage and attract individuals to return to Nevis to live and invest, while fostering economic growth and strengthening ties with the Nevisian Diaspora.
FAQs
* What are the concessions offered under the policy?
+ Exemptions on Customs Duties for personal items, vehicles, construction materials, furniture, and tools for business startups, as well as special provisions for investing in priority sectors.
* Who is eligible for the Alien Landholders License (ALHL) fee waiver?
+ Individuals of Nevisian descent who do not hold a St. Kitts and Nevis passport but can demonstrate ancestral ties through a parent, grandparent, or great-grandparent.
* What are the business concessions offered under the policy?
+ Corporate tax exemptions, reduced work permit fees for foreign workers, and waived or discounted business license fees, with a minimum investment of US$100,000 required to qualify.