The Government of Saint Kitts and Nevis strongly encourages foreign direct investment, particularly in industries that create jobs, earn foreign currency, and have a positive impact on its citizens. Saint Kitts and Nevis is home to the ECCB, the Eastern Caribbean Securities Exchange and the Eastern Caribbean Securities Regulatory Commission.Saint Kitts and Nevis bases its legal system on the British common law system. The Constitution of Saint Kitts and Nevis guarantees constitutional independence of the judiciary.The government has instituted a number of investment incentives for businesses considering the possibility of locating in Saint Kitts and Nevis, encouraging both domestic and foreign private investment. Government policies provide liberal tax holidays, duty-free import of equipment and materials, and subsidies for training provided to local personnel. Foreign investors may also hold up to 100 percent of an investment.