Business Sectors

Investing in St. Kitts and Nevis

Ranked 139 in 2019 from 140 in 2018 among 190 economies in the ease of doing business, according to the latest World Bank Annual ratings. The business investments available in St. Kitts & Nevis include:

Tourism

St. Kitts and Nevis is quite arguably one of the most sought-after tourism destinations in the Caribbean region, with stay over visitor arrival averaging an increase of 13.4 percent over the past five years.

Agriculture

The agriculture sector holds great potential for the creation of wealth for potential investors. The Government of St. Kitts and Nevis has set in place an Agricultural Development Strategy in response global threats to food security.

Financial Services

St. Kitts and Nevis is considered by many to be the financial capital of the Eastern Caribbean; home of the Eastern Caribbean Central Bank, The Eastern Caribbean Securities Exchange, the Eastern Caribbean Regulatory

Information Technology

The Ministry of Information and Technology has set in place a strategic roadmap to ensure that St. Kitts and Nevis is well positioned in this rapidly evolving marketplace. A new state of the art National Information and Communication Technology (ICT) Center is now in operation.

Renewable Energy

According to the National Energy Policy, St. Kitts and Nevis’ vision is to become the smallest green nation in the Western Hemisphere – with a sustainable energy sector, where reliable, renewable, clean and affordable energy services are provided to all its citizens.

International Education

The St. Kitts and Nevis Accreditation Board is also tasked to accredit tertiary-level education institutions and programmes that lead to MB.BS/M.D. degrees. It is essential that schools located in the Federation that offer these programs adhere to international standards.

Light Manufacturing

The manufacturing sector is a major pillar of the St. Kitts economy. It has been a consistent contributor to the domestic economy and the overall development of St. Kitts and Nevi over the last 30 years. The sector contributes approximately 8 -10 % of Gross Domestic Product (GDP) and sustains over 2000 jobs or 8.54 % of the country’s workforce.

Ship Registry

Attempts by government to transform the economy of St. Kitts and Nevis to a more service base economy has resulted in creation of several economic sub-sectors. Among such sector, is the creation and establishment of the St. Kitts and Nevis International Ship Registry.