Economic Citizenship & Real Estate

Real Estate St Kitts and Nevis

The federation of St Kitts and Nevis is made up of two islands which are progressing at a steady state. The Caribbean islands are known as a tourist destination and of late they are well known for a well developed offshore financial centre. St Kitts and Nevis is also well known for its second citizenship program which has been going on since 1984.

CBI real estate in Dominica is a cheaper option compared to St Kitts. However, over the last few years many expatriates form the United States have been seeking to make St Kitts and Nevis their second home. As a result real estate in the country has become a hot commodity. There are many prime properties available on the islands of St Kitts and Nevis. Real estate properties which can be found on the islands are land (beach front, inland), homes and rental properties. Of late also the twin island federation has seen a boost in real estate investment projects as there is a scramble to provide accommodation for holiday makers on the islands since the islands have become very popular with tourists.

The government of St Kitts has made it very easier for persons who wish to become St Kitts citizens and obtain real estate properties or shares. The St Kitts Citizenship-by-Investment program is one of the earliest established citizenship programs in the Caribbean. This program is very reputable and also has many benefits.

To meet the criteria for the Citizenship-by-Investment program the candidate must make an investment into real estate property in St Kitts and Nevis. The government of St Kitts and Nevis has already assigned certain real estate property and real estate development projects for the citizenship by investment projects which candidates must choose from. The minimum investment which can be made by an applicant to the program is US$400,000.

In addition to the price of the real estate investment there are other fees which must be paid by the applicants before citizenship can be granted. The government registration fee for applying for citizenship of St Kitts and Nevis through this program is US$50,000 each for the main applicant and any other persons on the application over 18 (not including spouse). Other persons on the application (including spouse) will each pay US$25,000.

Once all payments have been made and the applicants meet all criteria citizenship will be granted. The applicants/citizens will be able to apply for a St Kitts and Nevis passports if they desire. Once real estate property has been bought or an investment has been made this cannot be sold over to a new owner until a minimum of five years has passed. Due diligence is carried out for adults applying to the program at the cost of US$7,500 for the main applicant and US$4,000 for each person over 16. There is also a processing/agent fee which is charged per case. There is no fixed rate for this since cases differ from one to the next.

St Kitts and Nevis has many opportunities for real estate investment and adding citizenship to this is a real plus for potential investors. St Kitts and Nevis has a strong economy, low crime rate and the two islands are paradise.

 
 

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