According to the definition from the International Monetary Fund (IMF), Saint Kitts and Nevis is a developing country because of its lower economic performance. With an average annual income of 19,730 USD Saint Kitts and Nevis is one of the high-income countries.
Saint Kitts and Nevis cost of living is moderate due to the fact that many products need to be imported. Locally produced food is however cheap as well as beers. Depending on where you choose to live as well as the type of property you're looking for, rent can be high or low-cost.
After gaining independence in 1983, St Kitts and Nevis have never levied personal income taxes on its citizens or residents. This benefit applies to all personal income garnered from all local and international sources.
Kittian Village is a luxurious, purpose-built resort area on the eastern coast of St Kitts, around 20 minutes' drive from the capital. With a host of hotels and many restaurants to choose from, this is the most popular place to stay on the island.
Can foreigners buy property in St Kitts? Yes, non-nationals may buy real estate in St Kitts and Nevis. You would have to apply for the Alien Landholding License or, alternatively, buy government-pre-approved real estate as part of the process of Citizenship by Investment.
Don't carry large amounts of money with you. Keep your doors locked while driving and watch out for hazards on the road. LGBTQ+ visitors should avoid displays of physical affection when in public areas as St. Kitts and Nevis are part of the Caribbean nations that have outlawed homosexual relations.