I am also inquiring about them.. they emailed me their fees yesterday... if its ok with the moderator i will share them here but a corporate account is 2500 Euro. I like in St. Kitts and Nevis but i am also skeptical... seems like a new Fintech Company really but my business partner wants to...
Those banks were never set up for offshore transactions they were set up for trade in goods, trade in goods in the region has dropped so now regional banks are buying them. Back in the day, the Canadian Banks were the only ones generating over 20% in interest rates when in their home market in...
Technically you pay taxes of income generated within the country. I have Company in St. Kitts and Nevis and once the revenue is generated outside of the country, i receive my funds tax free. its not something they will publicize.
Maybe you should think of finding a location that you could file for residency.. so you can claim it as your tax residence.. like costa rica or panama ... even though you are a Digital nomad.
I don't think the authorities will treat the tax on a multiform in the same way.
Also even with the 33% tax, if you are not targeting citizens from St. Kitts and Nevis any revenue generated overseas is not taxed even though the vehicle is taxable. Its just to satisfy the OECD, but in...
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