Second citizenship of Saint Kitts and Nevis is in high demand with people from China, India, Russia, Middle East countries, South Africa, Nigeria, and so on. The main reason for its popularity is an affordable price of obtaining a second passport.
How can you become a citizen of St Kitts and Nevis in 2020 in exchange for investment? Any law-abiding and well-to-do person can apply for citizenship of the country by purchasing some real estate there.
Investing US$ 200,000 into one of the development projects on the islands that are approved by the local Government for participation in the citizenship-by-investment program will make you qualified for citizenship of Saint Kitts and Nevis. The property will have to remain in your possession for seven years.
This is the lowest investment amount in the world required for obtaining foreign citizenship via purchasing real estate in the country. Other national states offering this opportunity charge considerably more.
There is an even less expensive method of acquiring citizenship of Saint Kitts and Nevis. You can make an unrecoverable donation of US$ 150,000 to the state fund and this will let you put the passport of St Kitts and Nevis into your pocket.
However, this would mean giving the money away. On the other hand, when you buy property in the country, you have a chance to return at least part of the invested amount. In case the local real estate market starts to boom, you can even resell your property at a profit after the required possession period ends.
Another way of making some money from your property in St Kitts and Nevis is letting it on a lease to tourists. At the same time, making a profit should not be your main goal when you apply for citizenship of Saint Kitts and Nevis via investing into real property there. The passport of the country is valuable in itself while the profit cannot be guaranteed.
Choosing the piece of property to buy in St Kitts and Nevis can be rather tricky. Foreign investors are often offered houses and apartments at excessive prices. You must consult a market specialist when selecting the property in the country. In addition, you should consider well-known international hotel brands such as those that are described below.
Citizenship of Saint Kitts and Nevis in 2020 via investment into real estate: Hilton, Four Seasons, and Park Hyatt development projects
Hilton is extending its presence in the Caribbean at a fast rate. Earlier this year, the first Hilton hotel was completed in St Kitts and Nevis. Initially it was called Koi Resort while ‘koi’ translates as ‘love’ from Japanese but now it operates under the name of Hilton Curio Collection. If you invest money into this hotel, you will become qualified for full citizenship of Saint Kitts and Nevis.
The hotel (see the photo above) is located close to a popular golf course, Royal St Kitts. It has 102 rooms in total including several luxury suites. There you will find free Wi-Fi, an Asian cuisine restaurant and a swimming pool with a poolside bar called Jaya Kitchen & Cocktail.
In addition, there is Jaya Ultra Lounge, a SPA center offering the full range of services, a well-equipped gym, and a conference hall that can seat up to 300 people.
The Four Seasons hotel chain also deserves some serious attention. A hotel on the island of Nevis has now been completely refurbished and it is ready to service the customers.
The redesign of Four Seasons Resort Nevis included the reconstruction of a luxurious swimming pool (see the photo above) and the construction of a new restaurant called On the Dune. The restaurant looks out onto a sandy beach. Some other recreational facilities have also been added.
The swimming pool has been raised a bit in order to align with the level of the lobby and the horizon in the Caribbean Sea. The new swimming pool is very large with the area of about 300 square meters (3,230 sq.ft.), there are 86 sun loungers and other furniture around and Wi-Fi coverage. Without doubt, the pool is the central recreational object on the territory of the hotel.
The old Cabana restaurant has been replaced by the new On the Dune restaurant (see the photo below). It occupies the area of 700 square meters (around 7,500 sq.ft.). It seats 138 people plus there are additional bar chairs. The restaurant sits alongside the swimming pool and the beach and it offers delicious food and the views of the Caribbean Sea, the narrow straight between the islands as well as the neighboring island of St Kitts.
In the evenings, the restaurant turns into a lively place with the atmosphere of a beach party in the open air. The menu includes Caribbean and American dishes. Fresh local seafood, fruits, and vegetables are served.
Those looking to acquire citizenship of Saint Kitts and Nevis via an investment into real estate can also consider other resort complexes including the elegant Park Hyatt St. Kitts (see the photo below) that opened quite recently.
Since it went into operation in 2017, Park Hyatt St. Kitts has been gaining momentum and currently, it is one of the leading hotels on the island. It is the first Park Hyatt hotel in the Caribbean region and it combines luxurious interiors with the charm of the tropical paradise. Due to the clever layout of the hotel territory, no part of it is ever crowded. Even when the place is 93% full, the guests can enjoy calm and relaxed vacations.
Located in the pristine part of the island of St Kitts, the hotel is an idyllic place that gives access to all the wonders of the West Indies and a view of the neighboring Nevis. There are 78 rooms including 48 luxury suites. Many rooms have private swimming pools and sunny terraces. Most windows open onto the beach and the sea.
The local Miraval SPA center has a medium-size swimming pool and a sauna that are accessible to all guests of this five-star hotel. A gym about 150 square meters (1,600 sq.ft) in size boasts cardio-vascular machines in addition to other workout equipment. Besides, there are two more swimming pools there: Rampart pool for adults and Lagoon pool for family splashing.
The last resort that we would like to bring to the attention of those who are considering investing into real property in St Kitts and Nevis thus acquiring citizenship of the country is called Ocean Terrace Inn Condominiums (see the photo below).
Ocean Terrace Inn boutique hotel is located on the coast not far away from the capital city of Basseterre. It adheres to the ‘all inclusive’ principle. There are 34 rooms in total including a couple of luxury suites. The hotel has only one swimming pool and two restaurants called Spice Mill and Marshall’s.
The ‘all inclusive’ offer covers the restaurant menu including various drinks in unlimited amounts, regular transfers to Carambola and Frigate Bay beaches, free Wi-Fi, and other services.
Citizenship of Saint Kitts and Nevis by investment in 2020: the booming tourist sector
Historic sites, lush tropical forests, and jolly beach bars attract tourists to St Kitts and Nevis from all around the world. You can earn some money if you have property on the islands that can be rented to tourists.
According to the official report published by St Christopher Air and Sea Port Authority (SCASPA), 1,045,846 cruise ship passengers visited the country in 2019. Thus, for the second year in a row, the number of tourists arriving to St Kitts and Nevis by sea exceeded one million people.
As far as traveling to the country by air is concerned, RLB International airport saw 163,453 foreign passengers last year. This is 7% (10,113) passengers more than the year before (153,340 passengers).
Citizenship of Saint Kitts and Nevis by investment in 2020: improvement of transportation facilities
The continuing improvement of the transportation system in St Kitts and Nevis should contribute to the growth in the number of tourists arriving to the country and, consequently, the increase of the profit from the rentable property in the country.
Today, it is easier to reach the islands than ever before. The number of visitors to St Kitts is increasing due to the new flights offered by American Airlines, Sun Country Airlines, Delta Airlines, and Air Canada.
In particular, the number of American Airlines and Delta Airlines flights from JFK airport in New York has been increased and thus getting to St Kitts and Nevis from the USA is non-problematic at all during the high season.
One more construction project that is going to stimulate the growth of the number of tourists coming to St Kitts and Nevis is a new quay built in Port Zante in Basseterre. The total cost of construction came up to 48 million US dollars but now the port can host three largest-size cruise ships at a time.
The construction project has been financed from the local sources while the citizenship-by-investment program has contributed five million dollars to it. Indeed, this program is an effective instrument of attracting foreign direct investments to the Caribbean country.
Citizenship of Saint Kitts and Nevis by investment in 2020: the hospitality sector and incentives for foreign investors
There is no doubt whatsoever that the authorities of St Kitts and Nevis are going to continue promoting tourism development in the country. This will provide for the stability of demand for rental accommodations in St Kitts and Nevis and thus the foreign investors into the passports of the country can count on a stable passive income from their real property located on the islands.
It has to be clear that tourism is a vitally important sector of economy in St Kitts and Nevis. The hospitality industry helps combat unemployment in the country. The Government expects that a thousand new jobs will be created when additional seven hundred hotel rooms are made available to tourists. The existing hotels are expanding and new ones are put into operation on a regular basis in St Kitts and Nevis. One thousand jobs is a large figure for a country with the population of about fifty thousand people only.
Local authorities promise that the people of St Kitts and Nevis will have more business opportunities this year when the inflow of tourists reaches the pre-pandemic level. These opportunities include transportation services, food supply, and excursions and guided tours for foreign visitors.
The financing of the tourist sector has been increased this year too. 25.1 million dollars has been allocated to the Tourism Ministry for ongoing programs and new projects. Part of the money will be spent on renovations in the tourist infrastructure including the reconstruction and modernization of the international airport in the country.
If you would like to have more information about St Kitts and Nevis citizenship-by-investment Government program, we will be happy to provide consultations to you. If you would like to acquire a second passport and become a full citizen of St Kitts and Nevis, we will be delighted to assist you in this matter. Please contact us at email@example.com and let us help you diversify your assets and enhance the level of your physical and financial security.
Why should I acquire citizenship of St Kitts and Nevis by investing into real property there?
The passport of St Kitts and Nevis brings several weighty benefits to its holder. In addition to becoming a citizen of a country that is located in the tropical paradise, you will have visa free access to over 140 national states including the EU countries and Great Britain. Besides, you will be qualified for long-term visas to the USA and Canada. Invest US$ 200,000 into real estate in St Kitts and Nevis thus becoming eligible for citizenship of the country, and you can return the investment after seven years by reselling the property. Another way of returning the investment is letting the property on a lease. If the tourist industry keeps growing at the same rate, you will be able to make a nice profit from renting out your suite or apartment.
What pieces of real property in St Kitts and Nevis should I invest in?
Some world-renown hotel brands are present in St Kitts and Nevis. What is more, their resort complexes are approved by the Government of the country as participants in the national citizenship-by-investment program. You can buy a share of the property by investing US$ 200,000 or you can buy a suite or a villa that is part of the resort complex. The choice of property is quite large in St Kitts and Nevis unlike in some other Caribbean jurisdictions. There is Koi Resort that is a Hilton hotel, there is a Four Seasons hotel on the island of Nevis, and there is a Park Hyatt hotel on the island of St Kitts. Ocean Terrace Inn Condominiums is one more place that is worth considering.
What is the least expensive way to acquire foreign citizenship by investment?
The least expensive method of obtaining a foreign passport is making a non-returnable donation to the state fund. St Kitts and Nevis provides for such an opportunity as well as a number of other countries that run citizenship-by-investment programs. However, the donation is unrecoverable, or in other words, when making the donation, you literally ‘purchase’ the foreign passport, as this is the ‘product’ that you obtain in exchange for your money. When making an investment into real property in St Kitts and Nevis, however, you preserve the chances to return your investment after several years. When the obligatory ownership period is over, you can sell your property, for instance, to a new candidate for citizenship of St Kitts and Nevis. In this case, you will keep the passport of the country and remain its full citizen.