Private Real Estate Investment
The Private Real Estate Investment Option offers a unique pathway to purchase high end private homes for citizenship starting from $600k. Under this option you can buy private homes with full ownership (title + citizenship). The demand is high particularly from property buyers from North America, the UK, and parts of Europe and Asia seeking a calm and tranquil time.
- Condominiums
- Luxury Villas
- Holiday Homes
The Private Real Estate Investment option allows investors to purchase either:
- Condominium unit or share in designated real estate developments for a minimum investment of US$325,000.
- Single-family private homes designated as Approved Private Real Estate for a minimum investment of US$600,000.
After Sale
- A property purchased under the Private Real Estate Sale Investment Option shall not be resold for a period of at least seven (7) years.
- For sales prior to the seven (7) year holding period, the private real estate does not qualify for purchase in a subsequent CBI application, unless the Federal Cabinet is satisfied that substantial further investment was injected into the real estate unit by way of further construction, renovation or otherwise.
Minimum Threshold
Investors can choose between two options under the Private Real Estate Investment Option to qualify for citizenship:
- The minimum investment in a condominium unit or share in a real estate development designated as Approved Private Real Estate is US$325,000.
- The minimum investment in a single-family private dwelling home designated as Approved Private Real Estate is US$600,000.
Due diligence fees (for both options):
Main applicant: US$10,000
Dependants aged 16 or over: US$7,500
On approval-in-principle of an application made through approved private real estate investment, the following post-approval application fees apply:
- Main applicant: US$25,000
- Spouse of the main applicant: US$15,000
- Any qualified dependant under 18: US$10,000
- Any qualified dependant aged 18 or over: US$15,000
Each main applicant is required to attend an interview conducted by an independent professional firm commissioned by the Unit or by officials of the Unit either virtually, in person in St. Kitts and Nevis or in person at such other location approved by the Board of Governors.
Dependants aged 16 or over may if deemed necessary also be required to attend an interview.
Qualifying Private Properties
- All homes having an appraised value of more than USD 325,000.00
- The property shall be owned by certificate of title, by the vendor
- The value of the land shall not be included in determining the value of the home
- A single family home shall be sold as one unit and shall not be converted to apartments or condominiums or otherwise divided for sale under the Citizenship by Investment Programme
- An apartment building or more than one apartment buildings on the same piece of land shall be sold as one unit and shall not be divided
- The use of shares is prohibited
In addition to these fees, real estate buyers should be aware of purchase costs (mainly share registration fee, agency fee (citizenship only), compulsory insurance fund contributions and conveyance fees).