PwC Opens In St Kitts And Nevis

by Amanda Banks, Tax-News.com, London

03 May 2006

PricewaterhouseCoopers, one of the 'big four' accounting firms, has officially opended its doors in the Caribbean jurisidction of St Kitts and Nevis.

Mr. Charles Walwyn, the Kittian-born PwC partner in charge of the new office, has stated that the company intends to offer a full range of audit, tax, advisory and corporate services to local businesses, individuals and foreign investors in St. Kitts and Nevis.

Commenting on the new opening during a meeting with Prime Minister Denzil Douglas, Mr Walwyn stated that the expectations for the new practice are "very high."

“We have our staff complement in place. We have done our initial recruiting at the local level and it will be an ongoing process," he explained.

Mr Walwyn added that: “we follow the business and we have been doing a substantial amount of work here in recent times from our offices in Antigua. If we want to continue to serve our clients here, we have little choice, but to follow them.”

Mr. Walwyn also observed that there is a favourable investment climate in the jurisdiction and the “timing seems to be very much appropriate.”

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