The following real estate investment options are available under the St.Kitts and Citizenship by Investment (Real Estate) Regulations. The minimum investment and fees are prescribed by the government.
- Fractional ownership shares ($325,000 plus fees) in luxury hotels or resorts.
- Villas, Condos and Private homes with full title deed ($600,000 plus fees).
Key Benefits
- Excellent Returns available. (4-6% pa) low or high season
- No maintenance or management fee.
- Free two week vacation comes with ownership.
- High appreciation of property.
- Property can be sold after 7 years to another buyer. (buyback available with some properties)
- No personal visit to island required.
Government Approval
Note that ONLY properties approved by government (CIU) are eligible for citizenship by investment.
- List of Government Approved Properties
Additional fees such as share registration fee, property taxes and agency fee applicable on top of the investment.
Real Estate Unit
A Single real estate unit refers to physical land, structures, and resources attached to it, including condominiums, hotels and other immovable properties. These are..
- Certificate of Title to real estate;
- Share in a company registered solely to own real property by Certificate
of Title; - Time-share interest issued pursuant to the Saint Christopher and Nevis
Vacation Plan and Time-Share Act, Cap. 10.22;
On approval-in-principle of an application made through a real estate investment, the following post-approval application fees apply.
1. Developers Real Estate Investment
The minimum real estate investment in an Approved Development is US$325,000 (resaleable after seven years) to be paid to the developer for each main applicant.
Due diligence fees:
- Main applicant: US$10,000
- Dependants aged 16 or over: US$7,500
On approval-in-principle of an application made through a 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.
2. Private Real Estate Investment
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.
- 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.
Investors can choose between two options under the Private Real Estate Investment Option:
- 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).