St. Kitts Real Estate Investment

The twin island federation of St. Kitts and Nevis is two of the most beautiful islands in the Caribbean. St. Kitts and Nevis are situated in the Lesser Antilles near the islands of Antigua and St Martin. Real estate investments on the islands of St. Kitts and Nevis have become quite lucrative over the last decade or so.

St. Kitts and Nevis is a real tourist hub in the Caribbean. The number of tourists visiting the islands has increased over the years and so has the number of persons who are intent on making St. Kitts and Nevis their home. The need for to provide accommodations for visitors on the island has helped increase the number of real estate projects going on around the islands. Making an investment in a real estate project in St. Kitts is very viable. There are a number for persons mainly from Canada and the United States who because of their need to settle or retire in paradise choose St. Kitts and Nevis therefore helping to make real estate properties on the island hot commodities.Real Estate In St. Kitts

Real Estate investment in St. Kitts can be made through the government program called citizenship by investment program. For this the government set aside specific real estate projects and property. There are two ways in which a foreigner can invest in Real Estate in St. Kitts; through direct purchase of lands or the citizenship by investment program (economic citizenship program). To invest in St. Kitts Real Estate through the citizenship by investment program the applicant has to invest a minimum of US$ 400 000 in a government designated Real Estate project. The applicant has to travel to St. Kitts to choose a project. In addition the applicant has to pay government fees of US$50 000 for himself and any dependents over age 18 (other than spouse), plus $25 000 for each other dependent and spouse. There is also a fee for a background check for each person over 16 under the application to the program. Once successful the applicant gains citizenship of the Federation of St. Kitts and Nevis and is granted a passport.

Foreigners can also make investments in St. Kitts Real Estates by acquiring an Alien Land Holding License. An Alien land holding License is required for any non national who intends to buy property, own shares or become a director of a local company. Persons are advised to employ the services of a local lawyer when applying for the license. Applications for Alien Land Holding license is done through the Ministry of Agriculture. With the Alien Land Holding License an investor is required to pay 10% of the value of the property to the government. In Nevis application for Alien Land Holding License is made through the Ministry of Agriculture and approved and granted by the Nevis Island Administration (NIA).

Real Estate Investment in St. Kitts is at an all time high. St. Kitts and Nevis Real Estate is a well sought after commodity. Presently there are many Real Estate projects opened to foreigners and nationals alike. With tourism on the rise many persons are encouraged to invest in Properties such as hotels, inns, golf clubs, villas, condominiums and apartments among others. In order to attract investors in this sector the government has laid down extensive plans which includes relief from custom taxes and duties on items brought to construct, equip and furnish hotels, corporate tax holiday of up to 15 years, profits can be repatriated and there is no personal income tax applied.

 
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