CRS New Direction:the Countdown for St. Kitts and Nevis RAMADA Project


On October 4, 2016, the State Administration of Taxation announced the "non-resident financial accounts due diligence information management approach (draft)". From then, CRS suddenly entered the eyes of everyone. 

What does CRS focus on?

Tax resident! Since the CRS requires Member States to report the account information of non-residents to the resident's country. So your taxpayer identity determines which country the asset will be reported.

Tax Heaven——no tax on the overseas income, interest, donation, asset and heritage of its citizens

Located in the north of Leeward Islands in East Caribbean Sea, the Federation of Saint Kitts and Nevis consists of the Saint Kitts Island and the Nevis Island. As a member state of the British Commonwealth, St. Kitts and Nevis is entitled the backyard garden of the North America, as well as the world offshore financial center and a famous international tax heaven.

It was rated as one of the 15 emerging tourist hot spots by the Huffington Post in 2015.

Offshore Financial Center

International Offshore Financial Center: St. Kitts and Nevis is the best site for holding company, property trust, offshore fund etc.

St.Kitts and Nevis Ramada project—the best choice for high net worth people under CRS

Ramada was established in 1954 in the United States. And it belongs to the world's largest hotel group - Wyndham Hotel Group.

Ramada project is positioned as an example of high-end international resort hotel. Its general concept embodies the features of the resort of unique international standards, perfectly integrating the elements of holiday, entertainment, business, residence and natural environment. Numerous high-quality buildings of the project will be elaborately fitted into the spectacular natural environment of the island and the entire project, after being completed, will definitely become the new landmark of St. Kitts.

he design of Ramada project represents the characteristics of the best resort of international standards. 273 suites will be developed in the first phase including the following structures:

243 suites of apartment rooms, each apartment house has 2 or 3 floors (totally 194400 square feet).

Five garden villas (4 suites/villa) – 20 suites with 1200 square feet for each (totally 24000 square feet).

Five pool villas (2 suites/villa) – 10 suites with 1200 square feet for each (totally 12000 square feet).

Ancillary structures include:

South upland: multifunctional and large-scale club

(relaxation and administrative functions).

Among 8 apartment houses: remote service area

for room cleaning.

South slope: supersized swimming pools complex.

All the ground parking facilities will be equitably

distributed by the layout of residence and public area.

St. Kitts and Nevis Ramada hotel will be officially launched in 2018!

Let’s take a look of the latest project progress.