A true gem of the Caribbean, St Kitts property investment is a viable opportunity for international investors looking to diversify their assets.
Not only is the island’s tourist industry booming, with the economy providing optimal investment returns, but the country also runs a very successful Citizenship by Investment Program. Buying St Kitts and Nevis-approved real estate offers the unique opportunity to receive a St Kitts and Nevis passport in a few short months.
Why St Kitts Property Investment Is a Good Idea:
Eight reasons to buy property in St Kitts and Nevis
- Enjoy a beautiful island in the Caribbean
- Great airport connection to the rest of the world
- Get high-return investment schemes in a privileged tourist destination
- Get St Kitts and Nevis citizenship by purchasing approved real estate property
- Availability of a variety of property types
- Get a St Kitts and Nevis passport for you and your family in 2 months
- Opportunity to purchase property as a single applicant or in joint ownership
- Low tax regime – no income, inheritance, or gift tax needed
Real Estate Market History and Overview
St Kitts is a Caribbean country situated between the Caribbean sea and the Atlantic ocean. It is composed of two islands: St Kitts – the bustling heart of the country’s economy – and Nevis – the smaller island, peaceful and charming. Blessed with incredible landscapes and stunning beaches, the country has successfully developed its tourism and real estate industries. From luxury villas and apartments to international hotels and classy resorts, the country has a wide range of real estate options.
Since 1984, St Kitts and Nevis introduced the Citizenship by Investment program, allowing foreigners to either invest in the Sustainable Growth Fund or approved real estate in exchange for a St Kitts and Nevis passport. The scheme dramatically propelled the country’s economy on the world market and continues to do so.
How to buy St Kitts and Nevis real estate
There are two ways to buy St Kitts and Nevis real estate as a foreigner:
- Apply for the Alien Landholding Licence – required for all non-nationals wishing to purchase property.
- Or buy a pre-approved property through the Citizenship by Investment program – the Alien Landholding Licence is not required in this case:
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- Buy property in joint ownership, and invest a minimum of $200,000 for at least seven years, or
- Buy property as a single applicant, where an investment of at least $400,000 needs to be made. You can only resell the property after 5 years.
What are St Kitts and Nevis real estate prices?
In order to get St Kitts and Nevis real estate citizenship, you need to make a joint investment of at least $200,000. If you choose to buy property as a single applicant you will need to make an investment of at least $400,000.
If you do not want to be part of the St Kitts and Nevis Citizenship by Investment program, you can purchase property at any price. However, you will need to apply for the Alien Landholding Licence, which amounts to 10% of the property value.
How can Global Citizen Solutions help with St Kitts property investment?
If you are looking for expert advice on St Kitts and Nevis real estate citizenship, talk to one of our specialists.
We offer a service tailored to your specific needs and requirements. Our team of experts will work diligently from start to finish, ensuring a successful application.
Professionalism and integrity are at the core of all we do.
Step-By-Step Guide on How to Acquire St Kitts Property
Requirements for non-nationals
Non-nationals need to follow several steps in order to acquire St Kitts and Nevis real estate for sale:
- Look for property and make an offer upon finding the right one.
- Once your offer has been accepted, it is recommended to hire a local attorney to review the Purchase and Sale Agreement, which should be contingent on approval of the application for an Alien Landholding License.
- Pay a 10% to 15% deposit upon signing.
- Apply for the Alien Landholding License – it takes 2 to 3 months to get approved and amounts to 10% of the property value.
- Once you’ve received the Alien Landholding License make the full property payment and receive a property certificate of title.
St Kitts and Nevis transaction costs
Below are the buyers’ required fees to purchase St Kitts and Nevis real estate based on the property value:
- Alien Landholding Licence = 10%
- Legal fees = 1%-2,5%
- Land assurance fund = 0,20%
Is It Worth Obtaining Real Estate in St Kitts and Nevis?
Yes, it is absolutely worth it. No matter your search criteria, there will be options for you. On St Kitts and Nevis real estate listings you will find everything from commercial property to your perfect vacation rental villa. Some of the most sought-after areas are Frigate bay, which is very popular among expats, and the south east peninsula of the island of St Kitts, with its large villas and beachfront properties near the golf course. You may try to find St Kitts and Nevis real estate for sale by owner, or purchase directly from the developers.
Not only is the island a true jewel of the Caribbean with booming tourism and real estate sectors, but it also provides foreigners with the incredible opportunity to obtain St Kitts and Nevis citizenship. With a St Kitts and Nevis passport, get favorable tax exemptions and the freedom of visa-free access to more than 140 countries. St Kitts and Nevis recognizes dual citizenship, allowing you to get the best of both worlds.
FAQs:
How can I get St Kitts and Nevis citizenship?
In order to get St Kitts and Nevis citizenship you need to participate in the St Kitts and Nevis Citizenship by Investment program. An investment has to be made in either the government’s Sustainable Growth Fund or approved real estate.
Do I need to be a St Kitts and Nevis citizen to purchase St Kitts and Nevis property?
No, you do not need to be a St Kitts and Nevis citizen to purchase real estate in St Kitts and Nevis. However, you will need to apply to the Alien Landholding Licence in order to buy real estate or land.
Is there a St Kitts and Nevis property tax?
Property taxes in St Kitts are determined based on the market value of the property. The taxes rate ranges from 0.2% to 0.3%, depending on the use and location of the property.
Is St Kitts and Nevis real estate citizenship expensive?
St Kitts real estate citizenship price starts at $200,000 if you buy shares of high-end tourist properties, which can be resold in seven years. Alternatively, you may choose the private homes sale option, in which case the minimum investment is $400,000, to be kept for five years.
What are St Kitts and Nevis property options?
Have a look at St Kitts and Nevis real estate listings and you will see that property options are multiple. You can find beautiful villas and apartments, boutique hotels, condo hotel bedrooms, luxury resorts and villas. You can decide to buy the property individually or in joint ownership.
Can foreigners buy property in St Kitts?
Yes, non-nationals may buy real estate in St Kitts and Nevis. You would have to apply for the Alien Landholding Licence or, alternatively, buy government pre-approved real estate as part of the process of Citizenship by Investment. The first step is to search St Kitts and Nevis real estate listings and see what is available.
Can you own property in St Kitts?
Yes, it is possible to buy residential or commercial property in St Kitts and Nevis. Suppose you’re looking for a St Kitts and Nevis beachfront private villa, for commercial land, or for the perfect vacation rental villa, you are sure to find it in this beautiful island nation.
Is St Kitts a good place to live?
Advantages of living in St Kitts, a tiny island nation in the Caribbean, include the amazing nature and weather, slower pace of life, favorable tax regime and convenient proximity to the US.
What type of real estate can you buy in St Kitts?
The twin island federation of St Kitts and Nevis has property for sale to fit your search criteria, whatever it is. It is possible to find commercial land in the south east peninsula and other regions, as well as luxury villas for St Kitts vacations. Commercial property is also available.
Are there golf courses in St Kitts?
The country has two golf courses, one on each island. If you are a keen golfer, you can choose between the gold course in Frigate bay, in St Kitts, or the one in Pinney’s Bech, in Nevis.
