BVC August 2016 - page 96

96 August 2016 - Business View Caribbean
Talking Business: Calvin Cable
30 minutes with the executive director of the St. Kitts-Nevis
Chamber of Industry and Commerce
BUSINESS VIEW: Can you talk about the pros or cons, or
both, of doing business in St. Kitts and Nevis? What are some
of the unique characteristics there that are different than
other places that are close by?
As Caribbean islands coming out of
a British system, we almost all have the same mod-
ule that we conduct – business. St. Kitts and Nevis,
however, have a unique, what is called citizen by in-
vestment, program, which a lot of the other islands
are now trying to copy. But this is one which allows
investors spending in the vicinity of 400,000 U.S. dol-
lars either in building retirement homes or getting in-
volved in timeshares and large hotel-type properties to
be granted citizenship of St. Kitts and Nevis. This has
been attractive to a lot of persons from the Eastern-
bloc countries and other destinations, which do not
have ready access to the United States, Canada and
Britain. Our passports allow easy access, so that is
one of the most unique types of investments.
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