CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. St Kitts And Nevis To Improve Business Environment

St Kitts And Nevis To Improve Business Environment

by Amanda Banks, Tax-News.com, London

01 May 2007


St. Kitts and Nevis is moving swiftly to improve its 'doing business' rating in the world market, according to the twin island federation's government.

“Being mindful of the need to improve the rating of St. Kitts and Nevis in the World Bank ‘Doing Business assessment,’ Cabinet reviewed a recommended package of reforms that must be adopted to bring the necessary results,” Minister of State for Information, Sen. Nigel Carty has disclosed.

Last February, the Cabinet mandated that the Ministry of Industry and Commerce undertake the necessary studies to advise on important reforms and has now agreed that those reforms need to be implemented.

A new policy calls for streamlining of the business registration requirements; cutting the time of property registration; speeding up contract enforcement, particularly through reviewing the limit of claims that can be heard by the magistrate court; helping to expand access to credit and simplifying tax administration.

“These recommendations call for a number of administrative and legislative adjustments which were specifically discussed and as a result, Cabinet mandated the formation of a committee consisting of several departments of government and private sector organisations to take the specific recommendations forward,” Sen. Carty said.


To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »