Register company in Saint Kitts and Nevis  

• In the first step, we start with an in-depth consultation to understand your business goals, preferred business structure, and type of industry. Our team will assess your needs and will recommend the most suitable business structure on the basis of your goals, tax efficiency, asset protection, as well as compliance needs.  

• Before moving ahead, the regulations of Saint Kitts require Know Your Customer (KYC) documents for all shareholders and directors. At Tetra Consultants, our team will collect, review, and double-check all the necessary documents and ensure full compliance with the anti-money laundering (AML) laws.  

• In this step, our consultants help you to choose and reserve a unique name for your business with the Saint Kitts Registrar of Companies. Our team ensures that your desired company name is available and searches and submits the request to secure the chosen name quickly.  

• It is mandatory for all companies to submit their legal documents, such as the Articles of Association, Memorandum, and shareholder/director information. At Tetra Consultants, our legal team drafts and personalizes these documents on the basis of your company’s structure, as well as its intended business activity, and ensures adherence to local laws. 

• Our team then files the incorporation documents with the Financial Services Regulatory Commissions (FSRC) to officially register your company and secure your Certificate of Incorporation.  

• The law of Saint Kitts has made it mandatory for every company to have a local registered office and agent. At Tetra Consultants, our team offers compliant registered office access, and we act as your registered agent to ensure continuous local representation.  

• Once incorporated, companies will have to maintain a company seal, minutes book, and shareholder register. Our consultants prepare and deliver all the necessary corporate governance materials, which include the company’s seal and registers.  

• After getting the company seal and internal registers, Tetra Consultants will assist you in corporate bank account opening service, which will be needed to handle all the operational transactions and client payments.  

• In order to stay in good standing, it is mandatory for every company to renew its registration, pay the annual fees, and maintain corporate records for a period of five years. At Tetra Consultants, our team provides ongoing compliance services and regulatory compliance consulting to ensure that you can easily carry out your business operations in a highly regulated environment of Saint Kitts.  

Compliance and taxation obligations for Saint Kitts company formation   

Compliance 

• All registered companies in Saint Kitts and Nevis (such as IBCs, LLCs, and local companies) should renew their company registration on an annual basis by paying the renewal fee in order to maintain good standing.  

• Companies should also maintain proper accounting records to showcase their financial positions and business transactions, even though it is not mandatory to submit them annually (this is based on the type of company).  

• Most of the companies do not have to file for the annual financial statements unless specifically needed by their activities or business sector. For instance, IBCs are not usually obligated to submit annual disclosures or accounts.  

• If businesses are engaging in regulated activities such as finance or gambling, they must have a relevant business license and should be kept up to date.  

• On incorporation, companies should submit the Know Your Customer (KYC) documents of all their directors and shareholders. This is significant for adhering to anti-money laundering regulations.  

• All companies should file a CIT-101 (simplified tax return) form annually with the Inland Revenue Department (IRD), regardless of their tax liability. Companies with a permanent establishment or tax residency should file a CIT-100, declaring their taxable income in the country.  

Taxation obligations  

• The standard corporate tax rate for resident companies (on worldwide income) in Saint Kitts is 33%, and for non-residents (on the income sourced within St. Kitts and Nevis). Furthermore, some companies can also be qualified for substantial tax exemptions, like a fixed annual fee in place of tax, especially for IBCs conducting no local business.  

• Tax return forms such as CIT-101 and CIT-100 should be filed within 3.5 months of the financial year end. Late filing penalties are charged at 5% for tax due, done 1% for every month being delayed, and 12% per annum on the overdue amounts.  

• The standard VAT rate is up to 17%. Registration for VAT is needed only if the sales are more than EC$150,000 in a 12-month period. There are certain exemptions for some goods and services, such as basic food items, education, and insurance.  

• It is mandatory for companies with employees to pay social security contributions of 6% of their salaries.  

• In Saint Kitts, no taxes are charged on personal income, inheritance, capital gains, or wealth.  

• Non-resident recipients of dividends, royalties, or interest from St. Kitts and Nevis are subject to at least 15% withholding tax.  

Common challenges of Saint Kitts company registration   

Documentation and regulatory compliance  

• While the business setup process is usually straightforward, preparing all the essential documents like articles of incorporation, proof of payment, declarations, KYC for directors/shareholders, as well as Memorandum, and Articles of Association, is a difficult task. Strict adherence is required to avoid any delays. At Tetra Consultants, our team will prepare all the documents on your behalf to help you fulfill all the compliance requirements.  

Bank account opening 

• While the process to Register company in Saint Kitts and Nevis is usually straightforward, opening a corporate bank account is a difficult and time-consuming task, because of strict anti-money laundering (AML) laws. At Tetra Consultants, our team will help you to open a corporate bank account in the most suitable bank with which your profile matches the most, to reduce the risk of rejection.  

Ongoing Compliance  

• While annual filings are needed for specific types of companies in Saint Kitts, it is mandatory for companies to maintain internal records for at least five years, as well as ensure annual renewals and filings of tax forms, on time to avoid any penalties. At Tetra Consultants, our team will offer you post-incorporation services that consist of tracking annual renewal deadlines, submitting necessary filings, and updating company records from time to time. It is the work of our team to ensure that your company remains in good standing.  

Language and local process 

• In Saint Kitts, English is the official language and is widely spoken; applicants find it difficult to navigate through the bureaucratic system and business culture of the country. At Tetra Consultants, our team is highly familiar with the the regulatory framework of Saint Kitts and how to get through it. We will act as your single point of contact, and our experts will handle all the communications with the registrar, local authorities, and FSRC, and ensure that you do not have any burden.  

Documents required  

• Incorporation forms 

• Proof of residence address 

• Professional reference letter 

• Notarized copies of passport of all the directors and shareholders  

• Company name Approval certificate  

• Reference letter from a bank  

• Due diligence/KYC documents  

• Memorandum and articles of association  

• Registered agent agreement  

• Proof of the registered office address 

• Curriculum Vitae (CV) 

Why choose Tetra Consultants for St Kitts company formation  

• Selecting the right business partner to guide you through the company registration process is significant. At Tetra Consultants, we have more than a decade of experience and a strong reputation. Here are the reasons why our clients trust us: 

• Transparent pricing– At Tetra Consultants, we provide fixed and transparent pricing with no hidden fees, so that our clients know exactly what they are paying for.  

• Confidentiality and trust– We treat our client data and communications with utmost discretion. Throughout the process, our experts ensure to safeguard your privacy and sensitive information.  

• Global expertise- At Tetra Consultants, we have 10+ years of experience in handling offshore company incorporation, enabling us to provide you with accurate and jurisdiction-specific guidance at every step of the way.  

• End-to-end support– Our team is with you from start to end, becoming your point of contact and reducing your burden.  

Looking to Register company in Saint Kitts and Nevis  

• If you want to establish a company in Saint Kitts, then going through Register company in Saint Kitts and Nevis is mandatory. The country is known for its investor-friendly business atmosphere, strong asset protection, and full foreign ownership. However, going through the process of company formation in Saint Kitts is a daunting task. Hence, by collaborating with Tetra Consultants, you can easily gain expert guidance and end-to-end incorporation support, thereby reducing your burden.  

• Contact us, and our team will get back to you in 24 hours.  

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