For the past twenty years, the island of Nevis has been a popular jurisdiction for investors looking to fulfill their offshore needs in the areas of international business and limited liability company formation as well as the establishment of trusts and other structures.

The Foundations Act, 2003, (No. 8 of 2003) was passed in September of 2003. This piece of legislation provides for the establishment of Foundations in St. Kitts

As of 1 July 2004, a new regulator is expected to be appointed at the Regulation and Supervision Department. These and other changes are being undertaken in an effort to continue to maintain the outstanding reputation of the island as Nevis moves into new products and services in the international financial services sector.