Saturday, November 23, 2024

St Kitts Property Citizenship by Investment

St Kitts Nevis has recently become Caribbean’s most luxurious and popular destinations. The St Kitts Citizenship by Investment Program is the oldest established in 1984, offering investors an opportunity to apply for citizenship and passport against a minimum real estate investment of $400,000 or more in resorts, hotels, vacation homes and luxury villas.  Real estate can only be sold after 5 years of purchase, if you want citizenship.

St Kitts and Nevis a paradise of beautiful sandy beaches with blue tropical waters, reefs, and cool climate enjoyable throughout the year. St. Kitts is a legitimate tax haven, and doesn’t impose income tax, capital gains tax, wealth tax or inheritance tax. St Kitts has direct flight connections to Atlanta, New york, Toronto, Paris, Barcelona and London.

The real estate market in Saint Kitts and Nevis has risen significantly in the island because of more arrival of visitors and new flights to the islands and also because of new real estate developments such as 5 star Park Hyatt hotel, Aman resort, Hilton, Mariott and Four seasons resort in Nevis contributing to the boom. It is possible to buy a fractional limited share in various real estate properties with minimum $400,000 and qualify for citizenship. Over 70% of the real estate sales are linked to the citizenship by investment program. In St Kitts the rental yields range from 4.9% to 5.3% as holiday occupancy rates are very high in summer peaking $2000 a week. The price of 1.5 bedroom condos and houses starts from $420,000, 3 bedroom condo houses $750,000 averaging $3020 per sq.m. Developers oversee rental management and  income from rental usually cover all the maintenance costs and insurance tax of property and not passed to investor.

To book a property, usually 10% of deposit is required. Applying for citizenship is not a requirement when you purchase a property, however if you decide to apply for citizenship, you are required to pay $50,000 government fee and $7500 due diligence fee per person. You will pay full amount for real estate, only after receiving approval for citizenship from the Government to the developer through the authorized agent.

  • USD 200,000 property investment in approved  SKN real estate projects (limited share, full title etc) for 7 years
  • Fast track passport and citizenship issued to family and children within 3 months.
  • Passport gives visa free travel to United Kingdom, Brazil, EU schengen countries (120 countries)
  • Processing time 4 months
  • No requirement to visit or live in St Kitts required during the application process.

Many wealthy families, also prefer to take second citizenship from St Kitts and Nevis, when purchasing a holiday or vacation home. The St Kitts passport is recognized in over 132 countries in the world, with greater travel freedom to visit Europe, United Kingdom, Singapore, Hong Kong without visa.  Citizens of St Kitts and Nevis are automatically entitled to a passport. The St Kitts passport is ranked as 32nd best passport in the world, with visa free travel freedom to 132 countries in the world, according to a survey by Henley and Partners in 2016.

The following are the real estate developments approved by Citizenship by Investment Unit (CIU) of St Kitts Nevis government qualifying for citizenship.

1. Marriott Residences St Kitts

The Marriott Residences are in a prime beachfront location within the 37-acre St. Kitts Marriott Resort with the advantages of a second home with the amenities and personal service of a luxury resort. The St. Kitts Marriott Resort is in a prime beachfront location in the most popular part of the island known as Frigate Bay in the south east. Owners of marriott residence have access to resort amenities such as royal casino, pool, tennis courts, fitness centre, business center, lounge and restaurants.

Prices start from $465,000 onwards

Source: Marriott resort St kitts - mr-stkitts.info

Source: Marriott resort St kitts – mr-stkitts.info

 

2. Koi Resort & Residences

Koi Resort & Residences  15-acres of beachfront property, with luxury residences, suites and villas over stunning views of lush vegetation, white sandy beaches, and deep blue sea . Located on 14-acres of pristine beachfront property, the resort is conveniently located just 7 minutes away from the St. Kitts & Nevis International Airport and 10 minutes to the downtown capital city of Basseterre.

Source: Koi resort and residences - koiresort.com

Source: Koi resort and residences – koiresort.com

 

3. Kittitian Hill

Bellmont farm hotel built on Kittitian hill is a collection of private one-bedroom Guesthouses and larger Farmhouses, each carefully crafted in harmony with the tropical landscape in a 400 acre farm land with breathtaking views of the forest and the Caribbean Sea with spa, golf, tennis, pools and more. Belle Mont Farm is the first hotel to open on Kittitian Hill.

Prices start from $400,000 per share

Source: Kittitian hill hotel - kittitianhill.com

Source: Kittitian hill hotel – kittitianhill.com

 

4. Four Seasons Resort Estates

Four season resort is an exclusive, luxury five-star resort at pinney’s beach, Nevis with complete range of facilities such as tennis courts, water sports, gym and spa, golf course, restaurants and much more. Our 1/10th villa shares are valued at $400,000 (excluding fees), which allows full family to qualify for citizenship of St Kitts & Nevis. Each share also gives you five weeks personal use of the villa every year.

Prices start from $400,000

Source: Four seasons resort - fsrenevis.com

Source: Four seasons resort – fsrenevis.com

 

5. Park Hyatt, St Kitts

Park Hyatt is a ultra-luxury 5 star resort hotel in Banana bay, by Range developments, with world class amenities such as superyacht marina, golf course, and exclusive beach clubset on the picturesque landscape of Banana Bay and within the 2,500-acre Christophe Harbour resort community. The share may be sold to a subsequent investor after 5 years, who may also apply for and benefit from citizenship, using the same investment instrument.

Prices start from $430,000 (limited partnership share in Park Hyatt)

king-thumb

Source: Park hyatt St Kitts – rangestkitts.com

 

6. Windswept Residency Club

Caribbean luxury living on 2,500 acres of unspoilt landscape in St Kitts at christophie harbour.  Custom home sites from $700,000 USD, Luxury residences from $3 million USD, Ocean Grove villas from $865,000 USD, or fractional ownership at Windswept Residence Club from $450,000 USD. Freehold ownership marina berths from $1.5 million USD. All stamp taxes, land tax, and property insurance extra

Source: Christophie harbour - christopheharbour.com

Source: Windswept residency club at Christophie harbour – christopheharbour.com

 

7. Tamarind Cove Residences

Tamarind Cove offers a luxurious lifestyle in shelter bay, Nevis. Each of the one- to three- bedroom units features spacious living with superb waterfront views from private verandas. The Private Residences will be sold along with fractional ownership of yacht slips.

$400,000 onwards

Source: Tamarind cove nevis - tamarindcovenevis.com

Source: Tamarind cove nevis – tamarindcovenevis.com

 

8. Pelican Bay – Embassy Suites by Hilton

Embassy Suites by Hilton St. Kitts  is a 226 room luxurious oasis of condominiums and amenities with panoramic ocean views and lush landscapes.

$445,000 onwards

Source: Hilton St Kitts Resort - pelicanbaydevelopment.com

Source: Hilton St Kitts Resort – pelicanbaydevelopment.com

More Details

9. Hillsboro Sunset Suites

Hillsboro Sunset Suites (Hillsboro) is a boutique condo hotel resort which features 160 residences
for sale over 4 acres of hillside resort overlooking the Caribbean Sea at Mattingley, just 5 minutes away from St. Kitts & Nevis International Airport and 7 minutes to the downtown capital city of Basseterre. The property includes an administrative complex, and nine (9) residential buildings, housing 160 fully furnished one and two-bedroom luxury suites with floor area of between 801 sq ft and 1454 sq ft.
$400,000 onwards

Source: Hillsboro sunset suites

Source: Hillsboro sunset suites – hillsborostkitts.com

 

10. Beacon Heights

Beacon Heights Development is a residential and commercial development initiative by the St. Kitts and Nevis Social Security Board. Homes exclusively designed for your ultimate comfort in a tranquil, serene atmosphere with spectacular, panoramic view of the Caribbean Sea. Beacon Heights is an approved project of the Citizenship by Investment Programme of the Federation of St. Kitts and Nevis established in 1984.

Starts from $400,000

Source: Beacon Heights Homes - beaconheights.kn

Source: Beacon Heights Homes – beaconheights.kn

 

11. Butlers Estate Resort Residences

Butlers estate is a first class property development will be built on 98 acres of prime coastal land and will comprise exclusive condominium suites, townhomes and villas stunning ocean views.

$400,000 onwards

Source: Butlers estate - butlersestate.com

Source: Butlers estate – butlersestate.com

 

12. Sundance Ridge

The development 15 luxury villas built over 15 acres of land. Each of 15 villas in the development enjoy expansive views of the sea, the neighboring island of Nevis and the hills of St. Kitts. Each villa includes a private pool and ample exterior verandas.

Please inquire for price.

Source: Sundance rigde - sundanceridgestkitts.com/

Source: Sundance rigde – sundanceridgestkitts.com

 

13. Cliff Dwellers

Villas and condominiums over 11 acres of spectacular waterfront over Nevis. 2 bedroom and 4 bedroom houses are available for sale. The developer provides maintenance and management services to make home ownership as carefree as possible.

$400,000 fractional share price.

Source: Cliffdwellers project - cliffdwellers.org

Source: Cliffdwellers project – cliffdwellers.org

 

14. Fishermans Cabanas

5 Star Hotel & Resort development with 87 hotel rooms and suite located on the west coast with beautiful views of sea over Caribbean sea.

$400,000 onwards

Source: Fishermans Cabana Resort - fishermanscabanas.com

Source: Fishermans Cabana Resort – fishermanscabanas.com

 

15. Golden rise villas

The Golden Rise Villas and Spa Development is located in the verdant foothills of Nevis Peak, in the historical and exclusive area of Golden Rock Estate, Gingerland, Nevis, overlooking the historical and world famous Golden Rock Plantation Inn. 6 three bedroom villas and an ultra-modern Spa and would be perched on the highest point with unobstructed views from top of the mountain. Investors can opt for rentals managed by a management company and would allow the owners to obtain an income from their property when not occupied .

$400,000 (1/10th of fractional share)

Source: Golden rise villas, Nevis - goldenrisenevis.com

Source: Golden rise villas, Nevis – goldenrisenevis.com

 

16. University Gardens

University Gardens offers 56 fully furnished housing units with an infinity pool, pool house and a full size tennis court. Located in West Farm, the development is nestled on two acres on the tropical island, and offers views of the pristine Caribbean Sea at its south, and the lush green of the island’s mountain ridge in the north.

Source: University Gardens St Kitts - http://universitygardensstkitts.com/

Source: University Gardens St Kitts – universitygardensstkitts.com

 

17. The Hamilton Beach villas & spa

Located 6 Acres of prime beach front property in Nevis, with glorious views of the Caribbean Sea. The  villas are comprised of one bedroom, two bedroom and four bedroom for luxury living tropical escape.

$400,000 onwards

Source: Hamilton beach villas - hamiltonnevis.com/

Source: Hamilton beach villas – hamiltonnevis.com

 

18. Hermitage Hotel

Hotel in Nevis, for a perfect vacation with rooms and cottages are scattered over three acres.  The Economic Citizenship Programme entitles anyone who invests in the Hermitage Plantation Inn to qualify for citizenship in Nevis.

$400,000 onwards

Source: Hermitage hotel - hermitagenevis.com

Source: Hermitage hotel – hermitagenevis.com

 

19. Ocean Grove Villas

Collection of bunglow villas at backdrop of Sandy Bank Bay, Christophie Harbour, St Kitts Nevis. Each whole ownership villa has 2 ensuite bedrooms, generous outdoor living space, and a choice of furnishing options.

Prices start from $925,000 (whole ownership)

Source: Ocean Grove villas at Christophie harbour - christopheharbour.com

Source: Ocean Grove villas at Christophie harbour – christopheharbour.com

 

20. Golden Rock Commercial Park

Golden Rock Commercial Park is located about 500m from airport terminal just east of the Robert L Bradshaw International Airport. This business park will consist  of five (5) buildings of corporate buildings, supermarket, meeting rooms, restaurant,  food court etc. Investors can purchase either residential or commercial unit in any of the over 200 units in the development.   A total of 261 units have been planned for sale, 133 commercial and 128 residential units.

Prices start from $415,000

Source: Golden rock business park - grcpark.com

Source: Golden rock business park – grcpark.com

 

21. Rendezvous Hill Residences

40 unit prestigious one bedroom condominium development, all capturing the stunning views of the Atlantic Ocean, Caribbean Sea and The Royal St. Kitts Golf Course in one breathtaking glance. All units offer lavish fixtures and furnishings uniquely pairing traditional Caribbean décor on close proximity with beaches, restaurants and shops.

$400,000 onwards

Source: Rendezvous hill residences - rendezvoushill.com

Source: Rendezvous hill residences – rendezvoushill.com

 

22. Oceans Edge

A unique luxury resort nestled on 40 pristine acres with poolside, beachfront and hill side apartments in St Kitts. 15 units of apartments spread over three floors, all with generous outdoor terraces, offering stunning views.

$400,000 onwards

Source: Oceans Edge - oceansedgestkitts.com

Source: Oceans Edge – oceansedgestkitts.com

 

23. Paradise Palms

Private residences on the beautiful island of Nevis with elegant homes and exclusive amenities. Paradise Palms is situated on 35 acres of a gently sloping former coconut plantation, and has some of the most breathtaking views on Nevis. Rentals can be arranged with the developer for the full 5-year period; in turn the developer pays all of your management fees and costs, including insurance and property tax, and pays you a 50% share of the profits earned from the rental of your property. Buyers are entitled to four weeks use during the months of August and September.

$400,000 onwards

Source: Paradise palms - paradisepalmsnevis.com

Source: Paradise palms – paradisepalmsnevis.com

 

24. Pirates Nest

The Pirate’s Nest is an exquisite project developed by T-Loft. The Pirate’s Nest is located in Frigate Bay of Basseterre, the capital of St. Kitts and Nevis with an area of 311,550 square feet, overlooking the Caribbean Sea. 34 blocks 282 suites are planned to be developed with surrounding facilities such as business clubs, leisure centers, gyms, canteens, tennis courts and other facilities.

$400,000 onwards

Source: Pirates Nest - piratesnest.cn

Source: Pirates Nest – piratesnest.cn

 

25. Royal St Kitts Hotel & Casino

The Royal St. Kitts Hotel, a family-run business, formally known as Jack Tar Village, was the first major hotel on the island of St. Kitts and has been in business since 1983.  he hotel offers a resort style layout with approximately 30 two-story buildings strategically built on 18 acres of lush land and a private lake with scenic views of the beautiful Royal St. Kitts Golf Course.  This hotel is approved for economic citizenship by St Kitts government.

$400,000 onwards

Source: Vacation for life, St Kitts - vacationforlifestkitts.com

Source: Vacation for life, St Kitts – vacationforlifestkitts.com

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

Related Articles

Stay Connected

279FansLike
3,983FollowersFollow
732FollowersFollow
- Advertisement -spot_img

Latest Articles