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The Federation of St. Kitts and Nevis are Island Nations in the Eastern Caribbean about 1/3 of the way between Puerto Rico and Trinidad. Formerly an associated state of the UK St. Kitts, Nevis and Anguilla. Anguilla rebelled and secede in 1971 with St Kitt's and Nevis gaining independence in 1983. In 1998, Nevis fell short of a 2/3 referendum vote to separate from St. Kitts but still continues in its efforts to separate. Nevis is a popular offshore financial center for IBC formation, and for Nevis Offshore LLC's. Nevis offshore LLC's combined limited liability, ease of formation and maintenance along with complete corporate tax exemption make Nevis rise above other similar Caribbean offshore financial and tax havens.
Nevis Quick Facts:
- Geographic Coordinates: 17.20° N, 62.45° W
- Land Area: 35.9 square miles
- Population: The population of Nevis is 50,726 (based on a 2012 estimate)
- GDP: 895 Million. (2011 figures)
- Currency: The official currency of Nevis is the Eastern Caribbean Dollar (formerly the British West Indies Dollar) abbreviated as: EC$ to differentiate it from other jurisdictions using a dollar denomination currency. The Eastern Caribbean Dollar is pegged to the US Dollar at an exchange rate of EC$2.70 = $1.00USD. Nevis is one of eight of nine members of the Organization of Eastern Caribbean States currently using the Eastern Caribbean Dollar.
- Economy: As with many of the Caribbean islands, Nevis is heavily dependent on Tourism. Formerly dependent on sugar, the government of Nevis closed the sugar industry in 2005. Nevis is currently trying to bolster their offshore financial industry.
- Internet Code: .kn
