St Kitts & Nevis Citizenship By Investment In Real Estate
A Guide To Citizenship By Investment In St Kitts & Nevis
USD 400,000 is the minimum value of investment qualifying you and your family under the real estate option. Should the next buyer wish to obtain citizenship, they need to pay you the same USD 400,000 for the property. Applicants and their families are granted full citizenship in exchange for either making an economic contribution to the country or investing in an approved real estate project, as set out by the Government. The aim of the citizenship-by-investment programme is to generate foreign investment through capital and real estate investments and in exchange offer investors citizenship and a passport.
Through CARIBCAN, Canada provides duty-free access to its national market for most products originating in Commonwealth Caribbean countries. Local enterprises generally welcome joint ventures with foreign investors to access technology, expertise, markets, and capital. In the federation, each island has a separate investment promotion agency, the St. Kitts Investment Promotion Agency and the Nevis Investment Promotion Agency .
St Kitts & Nevis Cbi Investments
Guaranteed $45,000 return on investment with your second passport at Royal St. Kitts Hotel. One of the renowned hotel brands in St. Kitts, an approved resort by the government where you can obtain your citizenship by investing $200,000. Becoming a 2nd citizen of St Kitts and Nevis means traveling to many countries in the world without a visa. St Kitts and Nevis has a very god reputation being a country with very little crime and a strong economical background. Accelerated application process within 60 days is available for additional fee. All the Govt fees can be greatly varying, depending on ages of children, family members and the country you apply form.
Based in her home country of Antigua & Barbuda, she is an experienced consultant who works directly with many professional partners and advises clients worldwide. Once the application has been approved in principle, it is time to make your investment and pay other necessary fees. You’ll find a complete list of St. Kitts and Nevis citizenship by investment documentary requirements on the program’s official webpage. You can also qualify for the CIP program through real estate investment. Take note, however, that this only applies to government-sanctioned properties, such as villas, condominium units, hotel shares, and others.
Reasons To Apply For A Second Citizenship By Investment
The Saint Kitts and Nevis passport is highly regarded among entrepreneurs and wealthy people. There are no taxes on gift, inheritance, capital gains, and dividends in the country. When people talk about the desire to obtain a second citizenship, they often mean the citizenship of the United States or the EU countries.
There are several other documents needed at a later stage, and we will assist you accordingly. Yes, there is Accelerated application process available under CIP, where decisions are made within 90 days. Turkish work permit It is subjected to additional $25,000 fee plus additional charges for family members. The St. Kitts and Nevis passport is currently the most popular citizenship by investment program in the world.
St Kitts And Nevis Citizenship By Investment Programme Faces New Threat From Oecd
Under OPTION 1 an applicant will qualify for citizenship in St Christopher and Nevis , if they invest a minimum of USD $400,000 in a government approved real estate project. At Regency Elite, we guide clients through a list of approved real estate options available on the Island (though the Citizenship – by – Investment Unit). Together with our real estate Turkish staying permit team we will advise clients as to the best choice of property taking their individual needs into consideration. A Citizenship by Investment Programme is offered by a nation’s government and is commonly called economic citizenship. By making an investment in an approved real estate project, the investor may be eligible for citizenship in that country.
According to certain companies, the current government defaulted on two installments. The government claims another individual made a claim on the property, and that it must wait until a court determines the outcome of the other claim before completing payments to the U.S. citizen owner. Chapter 8 of the Revised Treaty of Chaguaramas outlines the competition policy applicable to CARICOM States. The OECS agreed to establish a regional competition body to handle competition matters within its single market. The draft OECS bill is with the Ministry of Ministry of Justice, Legal Affairs and Communications for review.
St Kitts and Nevis recognize dual citizenship and hence one need not give up one’s native citizenship to enjoy the island life. Under the CBI scheme, St Kitts and Nevis have initiated a new Sustainable Growth Fund. The SGF needs a donation of US $150,000, including government fees, from a single applicant. Following gradual measures, the contribution for a family of up to four people is $195,000 for up to four people. The rout to the highly-trusted citizenship of St Kitts and Nevis is so easy, cost-effective, and fast that investors can obtain passports in four months.
Processing fees are also paid but this depends on the application details. The rules of obtaining citizenship through the real estate option clearly states that any property purchased must remain in the hands of the purchaser for a minimum of five years before it can be resold or transferred. The new owner of such real estate property does not qualify for citizenship of St. Kitts under the real estate option. The minimum real estate investment required on the basis of an investment in real estate is US$400,000.00 for each main applicant. Two or more applicants may apply for citizenship by investment together by purchasing one piece of real estate provided that each main applicant contributes the minimum investment of US$400,000.00 towards the investment.
St Kitts & Nevis Citizenship By Investment
Choosing the donation option and adding AAP feature makes obtaining citizenship from St Kitts and Nevis currently the fastest in the world. Furthermore, its due diligence systems are renowned as the strongest worldwide and expected to be strengthened following new regulations focusing on fingerprinting and biometrics. In fact, eligibility for citizenship is based on whether that person raises any integrity, reputational or security concerns. Getting around the islands is easy via car, taxis, a bus system and ferries. In the case of unmarried dependent children who are older than 18 but younger than 25, they can also be included in the same application provided an additional application fee of USD 50,000 is paid.
For an additional US$46,000, however, the application can be fast-tracked and the passport received in approximately 45 days. Siblings may be added to the application if he/she is the brother or sister of either the main applicant or his/her spouse, is unmarried and childless, under the age of 30, and dependent on the applicant for financial support. A registration fee is payable by the applicant and additional fees are required for the spouse, children under the age of 18 and any additional family members over the age of 18. A registration fee is payable by the applicant and additional fees are required for the spouse, children under the age of 18 and additional family members over the age of 18.
Portugal Not Only Refuses To Abolish The Golden Visa Scheme But Also Expands It With green Visas
Added to this our warm and friendly people make St. Kitts & Nevis one of the most interesting places in the Caribbean. Our global team of citizenship by investment experts will aid you in finding the best possible package/option that would suit you and your family’s needs. All the packages listed above will include the following additional fees in the form of government charges, processing, application and due diligence fees. Parents or grandparents of the main applicant or spouse above the age of 55 living with and fully supported by the main applicant. A child of the main applicant who is physically or mentally challenged.
Applicants must make an investment of at least USD 400,000 in villas and condominium units from an approved developer. You must invest $400,000 in a real estate purchase from pre-approved operating real estate companies, as well as a government application fee of $35,000 and a $7,000 due diligence fee for the main applicant. The St Kitts and Nevis citizenship program also applies to the applicant’s family members, including dependent children under the age of 30 and dependent parents or grandparents over 55. The applicant must pay non-refundable due diligence and processing fees.
- No other country has such a good expedited feature in their citizenship by investment program.
- Even the United States has grudgingly accepted that Citizenship by Investment benefits the region and its people, contributing to peace, stability, prosperity and development.
- Prices start from USD 150,000 donation to SGF fund or a USD 200,000 real estate investment.
- Long-term rental from US $1500 to US $3500 per month and normally attract a 10% commission.
The two island country has refused signing any tax treaties with other countries to avoid such disclosure issues. Government contribution $100,000 or real estate investment from law firm $200,000 and quick processing time, with money recoverable after 3 years. Our expert lawyers have been helping clients to get St Kitts and Nevis passport for many years.
A Foreigner needs an Alien Land Holding License to own real estate/property on St. Kitts, except in Frigate Bay and, under certain circumstances, property purchases on the SE Peninsula, which are exempt. This should take about 1-3 months for approval once all the paperwork has been submitted. We can recommend local attorney’s who can help you with this process. Medical Facilities- The main hospital, JN France, is in Basseterre, and a smaller one is located in Sandy Point.
If you have opted to apply for the procedure, know that you are not required to stay within the country during or post-application period. 60 days Accelerated Application Process option available subjected to $25,000 per applicant and $20,000 per dependent. We will treat your case individually, and we will guide you every step of the way. We have huge experience and expertise in Citizenship by Investment programs. We will be happy to offer our skills and knowledge to make sure you get your second passport easily and quickly. This spacious 1 bedroom apartment sits directly across from the Palm Court Gardens.