Press Release - 8th September 2020
ST KITTS AND NEVIS – RANKED THE WORLD’S FASTEST
CITIZENSHIP BY INVESTMENT PROGRAMME
The Federation of St Kitts and Nevis offers one of the best citizenship by investment (CBI) programmes in the world. This is according to a new report issued by Professional Wealth Management magazine, a publication from the Financial Times. St Kitts & Nevis remains the country with the fastest citizenship timeline, providing one of the most certain and family-appealing CBI programmes, particularly in light of its new limited-time offer.
In the 2020 CBI Index, St Kitts & Nevis ranked number one or joint-first for offering fast and straightforward processing, reliable due diligence, and certainty, with an unrivalled experience of 36 years. It also obtained top marks for not requiring applicants to travel and reside for any minimum period.
The CBI Index discussed St Kitts & Nevis’ limited offer which allows vetted families of up to four to obtain citizenship for US$150,000 instead of US$195,000 through the fund option. The report recognises the growing importance to investors to be able to obtain citizenship for their families too. St Kitts & Nevis allows future generations of successful applicants to inherit citizenship.
Les Khan, the CEO of the St Kitts and Nevis Citizenship by Investment Unit (CIU), said: “We continue to focus on what matters to investors most, while ensuring that we maintain our ‘Platinum Standard’ brand. Our limited-time offer comes at a time when investors value family safety and security more than ever. That is why we have decided to temporarily allow them to add up to three members of their family for the same amount of contribution as for a single applicant.”
Under the Accelerated Application Process feature, investors can obtain citizenship — and their passport, a separate process to CBI — within 60 days. Applicants must first undergo a multi-tiered due diligence process. The CIU introduced a temporary provision, instituted in the context of Covid-19, whereby Authorised Persons — who are mandatory to apply through — may submit applications online. However, the CIU will not issue an approval without receipt of the physical application at a later date.
Once successful, economic citizens earn the right to live, work, and study in St Kitts and Nevis. They can also travel visa-free or with a visa-on-arrival to almost 160 countries and territories, and enjoy all the economic and social benefits as native citizens. Contact us for more information – https://stkittsnevisrealty.com/
Press Release - 28 August 2020
PREMIER ANNOUNCES 10% REDUCTION ON HOUSE AND LAND PURCHASES ON NEVIS
Your Caribbean Dream Home just got a lot Closer!
The Premier of Nevis, The Honourable Mark Brantley, announced a highly anticipated schedule of concessions to boost the economy in the Caribbean island of Nevis, following the fallout from Covid-19.
The island dubbed, The Queen of the Caribe, traditionally requires foreigners to apply for an Alien Land Holding Licence (ALHL) which attracts a fee of 10% of the net real estate price.
This 10% fee has been waived on sales initiated by 31 December 2020.
But it doesn’t end there, once you have benefitted from this reduction you can also take advantage of the construction concessions.
If you commence renovation or a build project by 31 December 2020 you will benefit from no Customs Duty and Service Charge on material orders over U$D 30,000.00.
To ensure the island benefits from these concessions, you will be required to employ 80% of your workforce from the talented pool of St Kitts & Nevis contractors and tradesmen.
St Kitts & Nevis Realty can help find the right property for you and fast track your purchase process to ensure you benefit from these concessions.
We work with an exceptional group of architects, draughtsmen and designers as well as contractors, tradespeople and house staff.
We offer a one stop shop for all your real estate needs on St Kitts & Nevis.
The island federation of St Kitts & Nevis ais attracting a lot of attention due to their successful handling of the Covid-19 pandemic. They are now one of only a handful of Covid free countries in the world.