Citizenship by buying real estate in Saint Kitts and Nevis

 

Acquisition of a shared property or purchase of an entire property provides an opportunity to generate income, and also makes it easy to obtain citizenship of the country.

Tamarind Cove Marina Development Limited is an elegant hotel located on the bay of Nevis. Tamarind Cove Marina Development Limited provides a wide range of services and is suitable for all guests who prefer a variety of leisure activities. The location of the hotel, modern layout and many entertainments for all categories of vacationers make this place attractive for many tourists. Depending on the room, the apartment has one or three bedrooms, as well as a living room and a private veranda. The windows offer a beautiful view of the embankment.

The hotel is built according to modern requirements and has everything you need for a decent stay of guests:

Availability of air conditioners, furniture and high-quality appliances in the rooms,
High-speed Internet in the rooms and on the territory of the hotel,
Building in Mediterranean style, use of wood and high-quality thoughtful interior design,
Drawing up a lease agreement,
Confidentiality of data of hotel guests,
The hotel is reliably protected from hurricanes and strong winds.

Obtaining citizenship of Saint Kitts and Nevis:

 

Saint Kitts and Nevis is a federation located in the eastern Caribbean with two islands. The state was one of the first to develop a system for obtaining citizenship through investment. The program has existed since 1984 and during this time has allowed many investors from all over the world to obtain citizenship. Before obtaining citizenship, the candidate undergoes a verification procedure and, upon approval by the government, receives the necessary documents.

The main advantages of being a citizen of the state of Saint Kitts and Nevis:

Consideration of the issue of obtaining citizenship takes about 90 days,
Obtaining citizenship by a candidate includes acquiring rights from children under 25 years old and parents over 65 years old who are on permanent material support,
The system of obtaining citizenship by investment does not imply being on the territory of the country, that is, it does not limit the place of actual residence,
Having received the document, you can travel without a visa to 150 countries,
Having the citizenship of the country greatly simplifies the process of obtaining a number of visas from other states,
The State of Saint Kitts and Nevis does not collect personal income tax,
The country is allowed to have a second citizenship.
Tamarind Cove Marina Development Limited is a Citizenship by Investment (CBI) approved property by the government of Saint Kitts and Nevis. After the candidate has acquired an object or part of the property, he becomes a candidate for paperwork. After passing the check, he can become a citizen of this country.

The state of Saint Kitts and Nevis sets the minimum cost of an object at 400 thousand dollars. Acquisition of real estate property of a lower value is not a basis for obtaining documents. A candidate can become the owner of a whole complex of real estate and a plot, partially redeem the object or issue a ticket for a yacht.

If you would like more information on the subject and the conditions for obtaining citizenship, please contact Tamarind Cove Marina Development.

Acquisition of rights to share ownership:

 

Sale by shares

Some existing properties are acquired under fractional ownership. When buying a share of a private residence, the owner receives a share right to use the yacht berths.

Difference between factional and timeshare ownership

Acquiring a fractional title is almost the same as a timeshare concept; however, there is a difference. The difference is that the owner of a part of the property has a certificate of ownership that is subject to registration. This document contains the characteristics of the real estate object in use by the buyer, as well as the established term of the contract.

Fractional ownership types:

The buyer buys a part of the property (condominium or private residence) with a yacht ticket.
The buyer purchases the entire yacht coupon at the set value and automatically becomes the owner of the share of the property for life.
The buyer purchases the property in full and also acquires a share of the ownership of the yacht.

Advantages of the program for owners:

 

The program participant receives a number of benefits:

The owner of the property is exempt from property maintenance fees for 5 years,
Rental return guarantee,
Perpetual ownership of a yacht ticket (the term of ownership of a share of real estate, valid only for the period of ownership).
Citizenship by Investment:

Citizenship applicants must invest in real estate that is approved by the government of the country. Among the options available are hotels, villas and condominiums. The initial cost of real estate depends on the length of the ownership. To obtain state citizenship, it is necessary to invest at least 200 thousand dollars in investments with the ability to sell the object after 7 years or 400 thousand with the sale after 5 years of ownership.

The applicant is also required to pay a $7,500 review and processing fee. If the candidate has dependents over the age of 16, the additional fee will be $4,000 per person.

When sending documents for obtaining citizenship by investment, you must pay a state fee (for the applicant - 35,050, spouse - 20,050, other dependents - $10,050)

And also the owner of real estate in Saint Kitts and Nevis pays the insurance fee and other officially established premiums provided by law.

Receiving a document in 60 days under an accelerated program:

 

The normal application form requires a response within 90 days, but the applicant can reduce the processing time to 60 days. The accelerated application system has been operating since 2016 and helps to get documents faster when investing.

The criteria for candidates for citizenship of Saint Kitts and Nevis remain the same: the person is required to have documents confirming the right to acquire citizenship, as well as compliance with the criteria established by the law of the country.

The submitted documents and the application for processing go through the approval procedure in a special department. This procedure also includes the processing of an application for the creation of a country passport for the investor and dependent persons.

When submitting an application through the expedited system, you can wait for a response in 60 days, but sometimes 45 days are enough to process documents.

AAP Procedure Fees:

 

For all procedures, including full verification, the applicant must be paid $25 thousand. And also 20 thousand from each candidate who is financially dependent on the main person (age 16 and over).

In addition, a $500 fee is required to obtain a citizen's passport. Prices are per person.

If you still have questions about applying for citizenship using the accelerated verification system, contact an AAAA ADVISER for help.

Countries without the possibility of using AAF.

 

The simplified AAA system can be used almost all over the world, but there are three exceptions. Due to the increased processing time for applications from citizens of a number of countries, applicants cannot use the simplified system for obtaining citizenship of the country of Saint Kitts and Nevis. These include the following states:

Iraq,
Yemen,
Nigeria.