Financial Services

  • Growth in this sector has been fueled by the introduction of Foundations in 2003 and Captive Insurance Companies in 2006. A Foundation is essentially an instrument for wealth management and estate planning; typically used to contribute to the cost of the upbringing of children, education, aid, maintenance and so forth.
  • St. Kitts is one of the first countries in the Caribbean region to introduce this civil law concept into a common law system (Foundation).
  • Captive Insurance offers an alternative way of managing and financing small business risks.
  • The minimum capital requirements for these companies are more affordable than the minimum requirements for normal captives.
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