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I am interested in buying a .sh domain, but I am not from Saint Helen. Am I able to buy a .sh domain and is there any rules or regulations that voids me from buying it?

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There are no restrictions for .SH domain name registrations Anyone can register a .SH domain name, just like any top level domains (you don't need to be from Saint Helen for that).

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To add to Barnettt's answer:

Some top level domains do have restrictions on who can register. .CA for example, CIRA requires that you meet certain "Canadian Presence Requirements" (among a number of other things).

.SH however, as Barnettt states, does not require registrants to have any real world relation to Saint Helen ("You can now register your own .SH Domain Name which is available to everybody." - nic.sh)

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