Passport to Paradise
With its intoxicating natural beauty, seemingly permanent blue skies and never-ending white sand beaches, it’s little wonder that St. Kitts is considered by many to be the most unspoilt and tranquil island in the Caribbean. Benefitting from the calm waters of the Caribbean Sea to the west and the dramatic Atlantic Ocean to the east, St. Kitts is a mere 168 square kilometres in size, and in recent years has shown signs of promising economic growth.
It’s not just the beautiful scenery and relaxed vibe that has attracted the attention of international property investors. St. Kitts also lays claim to one of the most attractive citizenship by investment initiatives available anywhere in the world today. One development proving popular with Asian investors is Pelican Bay, an intimate hotel and condominium beachfront development, with panoramic views of the Caribbean Sea, scheduled for completion in July 2016.
Investors can choose from either one-bedroom condominiums (1050 sq ft) or junior suites (600 sq ft), both offering expansive open-air verandas with views of the lush landscaped gardens. Once complete, the resort will be managed by a credible international hotel operator to ensure each unit maintains its value and generates sufficient revenue to provide a positive return on investment for owners. Pelican Bay is conveniently located just 10 minutes from the Robert L. Bradshaw International Airport in the popular Frigate Bay area, one of the most extensively and tastefully developed areas of St. Kitts. Located on a spectacular white sand beach, the resort will be designed with rest and relaxation in mind; residents and hotel guests will enjoy easy access to a world-class golf course, restaurants, lively nightlife, a casino, watersports and a host of other activities.A state-of- the-art gym, along with meeting and conference facilities are among the many amenities offered.
The St. Kitts Citizenship by Investment program permits individuals and their families to obtain citizenship through the purchase of real estate on the island valued at US$400,000 or higher.The St. Kitts program offers great value for money in comparison to programs currently available in countries such as the United States, and does not impose onerous tax regimes or residency requirements.The whole process of gaining citizenship is also very efficient; in most cases you can have your St. Kitts passport within 120 days of applying, which ranks favourably with programs offered elsewhere in the world.
Beyond the benefits of the citizenship program, investing in property in St. Kitts also makes financial sense.There is a limited supply of prime Caribbean beachfront property, and a high demand from overseas investors wanting to own a slice of Caribbean paradise. St. Kitts’ rapidly growing tourism sector now rivals that of its bigger, better-known neighbours such as Barbados and St. Lucia, with visitor arrivals increasing year on year. As a result, hotel rooms are commanding higher rates and enjoying higher year-round occupancies – a sign to investors that now just might be the perfect time to buy.
CITIZENSHIP BY INVESTMENT PROGRAM
– Administered by the Citizenship by Investment Unit (CIU).
– Established in1984 by a trusted and stable government
– Real estate investment of US$400,000
– Application time of 90-120 days
– Successful applicants receive a passport issued by the Federation of St. Kitts and Nevis
– Citizenship offers visa free travel to over 100 countries as well as Zero income, wealth, inheritance, foreign income or capital gains tax
– No need to reside in the country and no restrictions on dual citizenship
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