Real Estate Investment In St Kitts & Nevis

Real Estate InvestmentThe Federation of St Kitts and Nevis is two small islands located in the Lesser Antilles is a very popular tourist destination in the Caribbean. In the past five (5) or so years the number of persons who have taken interested in owning a piece of paradise have increased. Many persons are now choosing to make their second home in the islands of St Kitts and Nevis and as a result the demand for real estate on the island has increased drastically.

Investing in real estate in Dominica or in St Kitts and Nevis is a very sound investment. The islands are tropical paradise. Lovely beaches, lush rainforests and clear waters surround the island making them look like a vision. St Kitts and Nevis are islands with a very low rate of crime. The population of the two islands is made up if very friendly people.

Available for purchase or rent in the twin island federation of St Kitts and Nevis are villas, private homes, apartments, condos, cottages and undeveloped property (land). All villas, homes and apartments up for rent are sale on the islands are mostly modern structures which are decorated tastefully. The prices for real estate in St Kitts is very reasonable when compared to other parts of the world. There are many professional and reliable real estate agencies on the island offering services to the public.

The government of St Kitts and Nevis has set up a program called the Citizenship-by-Investment program on the island to attract investors. The funds generated by this program helps are used to develop the country by opening avenues to provide employment for the population. With this program applicants can own real estate and become a citizen of the federation. The process of acquiring real estate in this program and applicant simply has to make a contributions or real estate investment in a project allocated by the government of the country. The contributions made must not be a smaller amount than US$400,000.

In addition to the contribution towards real estate in St. Kitts there are registration fees of US$50,000 each for the main applicant and dependents over 18 (other than spouse) and US$25,000 for the spouse and each dependent under 18. Due diligence is carried out for all applicants above the age of 16 years before they can be considered for St Kitts and Nevis citizenship. The price of due diligence stands at US$7,500 for main applicants and US$4,000 for each other dependent over 16 years. The agent fees are separate from these fees and are based on case requirements.The real estate investment can be sold after five years but the new owners do not qualify for citizenship by investment. Once citizenship has been granted the process of applying for a St Kitts and Nevis passport can be initiated.

A real estate investment in St Kitts and Nevis is very profitable and is a legal and recognized means of gaining citizenship of the twin island federation. The islands of Saint Kitts and Nevis are quickly developing into top holiday destinations and a real estate investment can prove to be very viable.

 
 

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