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NIA unveils new returning national investment policy offering substantial concessions

The Nevis Island Administration (NIA) has launched a new Returning National/Diaspora Investment Policy which boasts a comprehensive package of fiscal concessions offering significant benefits for returning nationals and investors. This initiative is designed to encourage and attract retirees, nationals, persons with ancestral roots on Nevis, and members of the Diaspora to return to Nevis to live and invest.

 

The concessions include exemptions on Customs Duties for personal items, vehicles, construction materials, furniture, and tools for business startups. Special provisions also apply to those investing in priority sectors such as specialized medical care with emphasis on diagnostic services; information technology/ICT development; hotel development, alternative/green energy consultations, etc.

 

For individuals of Nevisian descent who do not hold a St. Kitts and Nevis passport but can demonstrate ancestral ties through a parent, grandparent, or great-grandparent, the Alien Landholders License (ALHL) fee of 10 percent on real estate purchases will be waived.

 

These applications will be processed within 14 days. For more information, contact the Ministry of Finance at 1(869)469-0078/469-5521.