Foundation Structure


The civil law concept of Private Foundations in St Kitts is legislated under the foundations Act 2003(No. 8 of 2003).


Taxation / Records

There is no personal income tax in St Kitts and therefore the beneficiaries and the founder are never taxable on income provided to or received from the foundation.

All foundations are required by law to keep records in books of all monies received, expended and distributed.

The costs and expenses of the foundation must be worn with proper bill and receipts to explain the why of them.

Also you must keep track of assets and Liabilities of the foundations. These records are not published, but should be within the offices of the foundation and may be reviewed if necessary by the councilors, the guardian and the auditor, and the books of account required.