The Cabinet has approved the sale of private homes under the citizenship by investment program. This modification is included in St. Kitts and Nevis Statutory Rules and Orders (SR&O) No. 8 of 2021.
What houses can you buy?
All with an appraised value of more than US$ 400,000
- The property shall be owned by certificate of title, by the vendor
- The value of the land shall not be included in determining the value of the home
- A single-family home shall be sold as one unit and shall not be converted to apartments or condominiums or otherwise divided for sale under the Citizenship by Investment program
- An apartment building or more than one apartment buildings on the same piece of island shall be sold as one unit and shall not be divided
- The use of shares is prohibited
As for the appraised value, the value of house or building shall be independently appraised by a qualified appraiser, or supported by the copy of the tax appraisal that is no older than 6 months.
The investor will be able to resell real estate after 7 years. The sold property does not qualify for use in a subsequent Citizenship by Investment application.
THE OFFER IS VALID UNTIL NOVEMBER 1, 2022.
Learn more about st. Kitts and Nevis Citizenship by Investment here
