St Kitts & Nevis is Famous for Real Estate
Saint Kitts and Nevis are famous for its real estate investments. This is not an accident. Saint Kitts and Nevis have always been at the forefront of international real estate investment, offering some of the most attractive tax incentives in the world.
St Kitts and Nevis is a country that is known as a tax haven for those who wish to purchase real estate. As the name implies, the two islands have been working together as one country since 1983. The many colorful houses on these islands have been drawing tourists from all over the world to a tropical wonderland.
St. Kitts and Nevis is a small country, but it has a lot to offer, especially for real estate. For many people, the country sounds like a paradise holiday destination. However, you can actually live there peacefully as the crime rate is low, which makes it a safer place for individuals and families.
Possibly, you would like to buy a home, rent a property or develop residential property in the Caribbean; here’s why you should consider looking at St Kitts & Nevis. We’ll explain in this blog what makes it such an attractive destination and walk you through the real estate important factors that will help you learn why Saint Kitts and Nevis is famous for real estate.
Saint Kitts and Nevis is a good place to live
Soft white sand beaches, crystal clear waters, and tropical breezes surround the islands of Saint Kitts and Nevis. A year-round tropical climate offers sunshine in abundance in addition to many other desirable features. Yet even though it’s in the Caribbean, Saint Kitts and Nevis is not just your typical tourist destination. This country enjoys an excellent reputation for its quality of life.
Kittitians and Nevisians are some of the friendliest people in the Caribbean. The nation’s capital, Basseterre, has a population of just over 50,000 people, but it boasts a wide range of services including banks, restaurants, bars, schools, colleges, hospitals, and more.
Saint Kitts and Nevis is located in the Leeward Islands chain of islands in the West Indies. It is bordered by only two other countries: Antigua to the north-northwest and Guadeloupe to the south-southwest. To its east are two smaller islands in the nation’s possession: Sint Eustatius (aka Statia) and Saba.
The island is approximately 104 square miles with a population of 35k. It enjoys a tropical climate year-round with temperatures averaging around 77°F in winter and 88°F in summer. Saint Kitts also has numerous historic sites that are well worth exploring while you are on vacation here.
The island offers citizenship by investment program
St Kitts & Nevis is becoming increasingly well known for its citizenship by investment program. The citizenship by investment program was established in 1984 to help the country develop its economy by attracting money into real estate projects.
Citizenship can be obtained through an investment of US$400,000 into designated real estate, or a contribution of $250,000 into one of the approved business developments.
The program has been successful in attracting foreign money and has become popular with investors from Russia, China, India, Turkey, and the Middle East. With the purchase of property, citizenship can be given immediately after completing the purchase. The same applies to investments made in business opportunities.
Note: The availability of some opportunities (other than real estate) might affect getting citizenship from time to time. Please conduct your own research before you invest.
Citizenship by investment offers multiple benefits
Many countries worldwide offer citizenship by investment. In Saint Kitts and Nevis, the real estate investment route offers a plethora of benefits over other methods.
The following are just some of the reasons why Saint Kitts and Nevis is known for real estate:
- No sales tax
- No personal income tax – For wealthy individuals looking to relocate, this can make a major difference. This also gives citizens extra spending power since they don’t have to pay taxes on their earnings.
- Low crime rate! The country has one of the lowest crime rates in the Caribbean region. The government has put measures in place to ensure safety and security, with strict laws against narcotics use and trafficking.
- Business-friendly environment! Saint Kitts and Nevis is ranked
- Visa-free travel to more than 100 countries across the world, including the United Kingdom and the European Union.
- Dual citizenship is feasible
- Process of application and approval is simple and painless
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The Caribbean Islands are known for their beautiful beaches and pristine waters. It’s also a popular travel destination for those looking for an exotic holiday. But citizenship by investment programs can be particularly valuable if you plan on using your passport to do business or purchase property abroad.
It allows you to avoid lengthy and expensive visa applications and instead grants you immediate access to dozens of countries that would otherwise deny entry based on your current nationality.
If you’re interested in applying for a second passport, we recommend looking into becoming a citizen of St Kitts and Nevis. We are SAJ Real Estates, a renowned name in the real estate market having a wide range of appealing St Kitts property for sale, St. Kitts homes for sale, St. Kitts real estate for sale, St. Kitts luxury homes, and much more.