Nevis’ Home and business owners stand to benefit from new initiatives announced by the Nevis Island Administration (NIA) aimed at further incentivizing the construction sector.

Premier and Minister of Finance, the Hon. Mark Brantley, revealed the new initiatives aimed at generating economic growth and employment.

Effective 2025, the NIA will be offering expanded concessions on building materials to home and business owners undertaking property renovations, expansions, or new developments.

The expanded programme also targets investors developing rental properties or undertaking commercial construction.

The expanded programme grants exemptions on Customs Duties and reduces building costs by requiring only VAT payments on building materials.