Caribbean: Moving to St. Kitts and Nevis
The post-pandemic society in which we all find ourselves a part of has undergone many changes from the world we knew in the past. This is not to say that this is for better or for worse, or at least so far, we cannot be entirely sure. However, what it does mean is that there are new opportunities on offer to us that did not exist before, and potential future plans some of us are dreaming of that we may not have considered had the COVID-19 pandemic not taken hold last year. One such opportunity is relocation, moving either to another place in your home country or even overseas, seeking new surroundings and a chance to make the most of the incentives on offer to investors from across the world for second citizenship and an easy pathway to a new lifestyle for you and or your business.
In today’s article, we will focus on St. Kitts and Nevis, a two-island country in the Caribbean where the capital city Basseterre is situated on the island of St. Kitts. The idea of citizenship by investment originated here, first coming about 1984 and still available today, demonstrating the success of the pioneering Caribbean nation. The information we will share should serve to assist you with your planning for relocation, hopefully helping you make an informed decision as to whether St. Kitts and Nevis deserves a spot on your shortlist.
The distinction between your choices for investment is an important place to start. With any investment involving a large sum, clarity is key, ensuring you do not enter into something without being completely clear on the implications involved with it. Below you will find a breakdown of the two different options you will have to choose between:
Investment in government project
Single applicant, more family members comes with an additional fee
Investment in approved real estate
Joint investment, 2 people US$200,000 each, US$400,000 for a single applicant
Investment must be approved by the government and can be sold after at least 7 years
Some ideas include hotels and villas, with future returns in mind
These are your two options for investment in St. Kitts and Nevis, and whichever you choose comes with the reward of citizenship in the Caribbean nation. It is important to note at this point the US$7,500 due diligence fees incurred during the process, as well