St. Kitts and Nevis Federation

St. Kitts and Nevis is a federation situated in the Caribbean. With economic development and tourism on the rise the islands has become a hub for visitors and investors alike. The islands boast of being a tropical paradise which cannot be compared. Visitors can enjoy white sand beaches as well as tropical rain forests and historic sights on the island. A few decades ago the economy of St. Kitts and Nevis depended heavily on its sugar cane industry, this industry was closed off and tourism and foreign investment became a big part of the economy. Today many persons are rushing to make real estate investments in St. Kitts and Nevis.

There are many choices to consider when making a St. Kitts and Nevis Real Estate Investment as there are many different types or real estate property for sale or rent in the islands. Real estate properties which are readily available in St. Kitts and Nevis are villas, land both residential and commercial, condos, homes, apartments among others. The prices for real estate in St. Kitts and Nevis varies for example properties closest to the beach will normally fetch higher prices than those found inland.

Foreigners can make St. Kitts and Nevis Real Estate investment without much hassle. There are two ways in which a foreigner can make investments in St. Kitts and Nevis real estate market: The citizenship by investment program and by obtaining an Alien Land Holding License. Persons who wish to make a St. Kitts real estate investment and are not citizens can apply with the government for an Alien Land Holding License. This must be obtained before real estate property can be bought. A complete application form with information such as purposes the property will be used for (residential, commercial, or tourism development) must be stated the amount of property and its price. The price of the Alien Land Holding License is set at 10% of the price of the property to be purchased.

Another method which is widely used for making St. Kitts and Nevis real estate investment is the Citizenship by investment program, by using this method investors will be able to make real estate investments whilst at the same time gain citizenship of the island federation. In order to qualify for the program a potential investor must make St. Kitts and Nevis real estate investments of no less than US$400,000. Regsitration fees of US$50,000 (main applicant and others over 18) and US$25,000 for all other dependents must be paid in full. Due diligence fees must also be paid.

There are quite a few incentives being offered by the Government of St. Kitts and Nevis for making real estate investment In St. Kitts and Nevis. These include duty free on materials imported into the country for the construction of hotels (no less than 10 rooms) and special tax treatment. Making a St. Kitts and Nevis real estate investment is very lucrative. Given the steady increase in the price of real estate in St. Kitts and Nevis in the past twelve or so years it is safe to say that making a real estate investment in St. Kitts and Nevis is a very wise decision.