St Kitts Citizenship can be Part of Purchase at Ocean's Edge

2009-11-02 15:53:11 by

Having St Kitts citizenship is boosting demand for the luxury villas, poolside cottages, and condominiums at the $100 million Ocean's Edge resort development at Frigate Bay, reports luxury property experts Savills Select Resorts. Privileged St Kitts Citizenship, with all its second passport benefits, is proving to be an added incentive for buyers. Savills Select Resorts Director Pauline Bonanni said: "Investing in property is one of the most cost effective ways of gaining the considerable benefits afforded by St Kitts Citizenship."

St Kitts citizenship offers a 2nd passport, and significant offshore financial benefits, such as freedom from income tax, property taxes, inheritance tax and capital gains tax for property owned for 12 months or more.

The citizenship is open to investors of $350,000 - or its eastern Caribbean equivalent currency - in an approved development. Prices at Ocean's Edge start in the mid-$300,000s. Work on Phase 3A of Ocean's Edge will start shortly. Families are already moving into Phases 1 and 2.

Ocean's Edge, a joint venture project between Newfound and local partners, is an exclusive development of apartments, cottages and individual villas spread around the superb beachfront location of Frigate Bay in St Kitts. Covering almost 40 acres, the resort enjoys a sense of seclusion and intimacy thanks to the bay's curved beach and the dramatic hillside rising steeply from the shoreline to the south. With fantastic views of the Atlantic Ocean and located just yards from the renowned Royal St. Kitts Golf Course, Ocean's Edge sets new standards for design, construction and lifestyle on this beautiful, understated Caribbean island.

For more on the development, read the press release from PRWeb.