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Services for St. Kitts Foundations

Foundation Registration

Basic Foundation Administration

Full Foundation Administration

Complements

Ancillaries

Government Fees

Foundation Registration

Scope of Service

• Clearing of the proposed name of the foundation.

• Preparing foundation documents in the same form as our standard foundation documents.

• Filing of foundation documents with the registrar of foundations.

• Delivery of one certificate of establishment and one set of foundation documents.

Service Fee

• USD 200 payable in advance.

Basic Foundation Administration

Scope of Service

• Provision of the foundation secretary and registered office.

• Accepting notices, orders and other official process.

• Maintaining statutory registers.

• Preparing and filing of annual statements.

Service Fee

• USD 500 per year or any part thereof payable annually in advance.

• USD 60 per hour or any part thereof if time scale for providing this service should exceed one hour in any month.

Full Foundation Administration

Scope of Service

• Provision of basic foundation administration services.

• Provision of one professional councillor.

• Holding of meetings of the councillors of the foundation and preparing minutes thereof.

• Administration of the foundation in accordance with the provisions of its governing law and the articles as well as byelaws of the foundation but excluding all accounting compliance requirements.

Service Fee

• USD 1,200 per year or any part thereof payable annually in advance.

• USD 120 per hour or any part thereof if time scale for providing this service should exceed one hour in any month.

Complements

Scope of Services

• Provision of professional councillors.

• Provision of assistant foundation secretaries.

Service Fees

• USD 150 per year or any part thereof for each professional councillor.

• USD 60 per year or any part thereof for each assistant company secretary.

Ancillaries

Scope of Services

• Drafting of custom foundation documents.

• Preparing documents required to be filed when making changes to the foundation articles and at the time of the redomiciliation or dissolution of a foundation.

• Filing of documents (other than at registration of foundation), providing extracts from public records and obtaining duplicates of certificates.

• Certification of documents by Notary Public or The Hague Apostille.

• Printing duplicates of foundation articles and other documents.

Service Fees

• USD 150 per hour or any part thereof for drafting documents.

• USD 120 per hour or any part thereof for preparing documents.

• USD 90 per hour or any part thereof for filing documents, providing extracts from public records and obtaining duplicates of certificates.

• USD 60 per document certified by Notary Public or The Hague Apostille.

• USD 2 per page for printing duplicates of documents.

Government Fees

Registration and annual filing fees for foundations are as follows:

• Ordinary foundation USD 100

• Exempt foundation USD 200

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We strongly recommend that Clients should seek professional advice from a reputable lawyer specialised in International Tax Planning or from one of the leading international firms of chartered or certified public accountants before acquiring any offshore structure or entity. Clients should specifically ensure that their professional advisers inform them about all restrictions and reporting requirements which will apply to them once they have acquired any offshore structure or entity.