The driving force behind the economy of the Federation of Saint Kitts and Nevis is tourism. Therefore, in order to develop the tourism sector, the country grants citizenship to those who invest in a government-approved real estate project.
There are several options when buying a property:
- a. The investment for each main applicant is US$ 400,000. Under this option, two or more applicants may apply for citizenship by investment jointly through the purchase of a single property, provided that each principal applicant contributes an equal minimum of US$ 400,000, or
- b. The investment for each main applicant is US$ 200,000. Under this option, two or more applicants may apply for citizenship by investment jointly through the purchase of a single property, provided that each main applicant contributes a minimum of US$ 200,000, to the total value of the property of at least US$ 400,000
Investing in real estate certainly presents certain advantages to foreign investors:
- Opportunity to rent out a property and earn income (for example, through Airbnb or through a management company)
- Ability to resell the property after a few years (without loss of citizenship and passport)
- Permanent great vacation spot for you and your family
Contact us today to find out all property options in St. Kitts & Nevis
Recently, the country has launched another investment option – an alternative investment option
Potential projects must be identified and submitted by the government or may be proposed by individuals with access to funding who approach the government with potential projects, not on the public infrastructure list.
There will be two categories of AIO:
- A Public Good Project Developer (PGPD), where the State owns the asset at the end of an agreement. These projects are fully funded by the PGPD and locked in “up front”. The Minimum Unit of Investment will be US$ 175,000.00. All other fees will apply as per the real estate option.
- A Private Enterprise Developer (PED), where the built or funded asset is privately owned. In this option, the minimum Unit of Investment will be US$ 200,000.00, and standard real estate government fees will apply.
Choose the option that suits you best and create your plan B today!
Taking your first steps in citizenship by investment programs? Or consider yourself an advanced investor?
