Tentmaker Reports

St. Kitts and Nevis Report

Entrepreneurial Missions Index

24.3

General Information

Population

54,191 (177th most populous country in the world)

RELIGIONS
Anglican
Other Protestant
Roman Catholic
LANGUAGES
English

Industries

Tourism, cotton, salt, copra, clothing, footwear, beverages

Unless otherwise noted, all information included here was obtained from the World Factbook project 4, conducted by the Central Intelligence Agency (CIA). For more detailed information about St. Kitts and Nevis, visit https://www.cia.gov/library/publications/the-world-factbook/geos/kn.html.

Business Information

The World Bank ranks St. Kitts and Nevis as 120 out of 183 economies in terms of ease of doing business. The country ranks as 0 (of 183) in terms of ease of starting a business.

It requires 0 procedures, takes 0 days, and costs N/A% of income per capita to start a business in St. Kitts and Nevis.

In order to start a business in St. Kitts and Nevis, one must follow these procedures:

  1. Deposit required amount in a bank and obtain deposit evidence
  2. Search and reserve company name
  3. Prepare and notarize company statutes
  4. Register with Commercial Registry and obtain certificate of incorporation
  5. Purchase company stamp
  6. Obtain business license
  7. Obtain tax identification number
  8. Register firm as an employer with the Social Security Office

Unless otherwise noted, all information included here was obtained from the Doing Business project 3, conducted by the World Bank. For more detailed information about starting a business in St. Kitts and Nevis, visit http://www.doingbusiness.org/.

 

To learn more...

 

St. Kitts and Nevis Economic Freedom

The World Economic Forum (WEF) was founded in 1971 by Klaus Martin Schwab at the University of Geneva in Switzerland.  It is a non-profit foundation best known for its annual meeting in Davos, Switzerland, which brings together top business leaders, international political leaders, selected intellectuals and journalists to discuss both economic and social issues facing the world.  The WEF also serves as a think tank, and publishes a wide range of reports focusing on issues of concern and importance to Forum communities. In particular, Strategic Insight Teams focus on producing reports of relevance in the fields of competitiveness, global risks and scenario thinking.  The Global Competitiveness Report measures competitiveness of countries and economic competitiveness among a wide range of factors such as corruption, tax rates, work ethic, and many others.
 

St. Kitts and Nevis Summary

 

1 World Economic Forum

2 Free the World
Gwartney, James and Robert Lawson with Herbert Grubel, Jakob de Haan, Jan-Egbert Sturm, and Eelco Zandberg (2009). Economic Freedom of the World: 2009 Annual Report. Vancouver, BC: The Fraser Institute. Data retrieved from www.freetheworld.com.

3 World Bank Data

4 World Factbook Project

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