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Get to Know About Saint Kitts and Nevis
Saint Kitts and Nevis constitute of two islands of the Lesser Antilles and the eastern Caribbean Sea. The capital is at Basseterre on the island of Saint Kitts.
The population is mainly black with a small Mulatto (mixed African and white ancestry) and a small section of South Asian and white groups. The official language is English. The population of the two islands is estimated to be approximately 56, 000 inhabitants.
Saint Kitts and Nevis’ main economic driver is tourism, which accounts for the largest source of foreign exchange. In spite of the challenges of industrial diversification on electronics assembly, food-processing, clothing production, and beverages, doing business in Saint Kitts and Nevis is on its course. Some of the principal trading partners include the United States, the United Kingdom, and Trinidad and Tobago.
The decline in the debt-to-GDP ratio in 2018 was credited to the decline in debt stock by $67 million and anticipated growth in economic activities for the year 2019. Again, its success story on Citizenship by Investment (CBI) Programme contributed greatly to the economy which enabled foreign investors and their families to obtain second citizenship through investment for as low as $150, 000. This mainly contributed to the Sustainable Growth Fund (SGF) where those investors who pass all due diligence checks and requirements can benefit from visa-free accessibility, thereby promote the doing business in Saint Kitts and Nevis.