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St. Kitts and Nevis Information
How to Purchase Real Estate on St Kitts or Nevis
2010-06-06 12:19:13 by
Here are some basic tips for buying real estate in our country. The rules may be different from your home country, so contacting a Coldwell Banker agent before you start looking will save you time and money.
*Current government policy limits the amount that can be purchased to one-half acre per person. There are exceptions: existing homes that are more than one-half acre and subdivisions with plots of more than one-half acre.
*A foreigner is required to have an Alien Landholder's License to own property in the Federation of St. Kitts and Nevis. The process takes about three months for approval. Our qualified agents will guide you through this process.
*There is no personal Income Tax, Capital Gains Tax or Inheritance Tax. Annual Property House Tax ranges from US$800 to US$2,000 per annum. The EC$ is tied to the US$ at a fixed rate of EC$2.70 to US$1.00. You can also have foreign currency accounts at most of the banks, this keeps your funds outside foreign currency controls.
*Economic Citizenship Program - Purchasers can qualify for citizenship in St Kitts and Nevis by virtue of investing a minimum of US$350,000 in the Federation in certain areas that are located in an "approved investment project". The cost to obtain St. Kitts-Nevis passports are $35,000 for one spouse, $15,000 for the second spouse, and $15,000 for each other dependent.
It's easy to buy real estate here in St Kitts and Nevis. Contact our office with your questions.
*Current government policy limits the amount that can be purchased to one-half acre per person. There are exceptions: existing homes that are more than one-half acre and subdivisions with plots of more than one-half acre.
*A foreigner is required to have an Alien Landholder's License to own property in the Federation of St. Kitts and Nevis. The process takes about three months for approval. Our qualified agents will guide you through this process.
*There is no personal Income Tax, Capital Gains Tax or Inheritance Tax. Annual Property House Tax ranges from US$800 to US$2,000 per annum. The EC$ is tied to the US$ at a fixed rate of EC$2.70 to US$1.00. You can also have foreign currency accounts at most of the banks, this keeps your funds outside foreign currency controls.
*Economic Citizenship Program - Purchasers can qualify for citizenship in St Kitts and Nevis by virtue of investing a minimum of US$350,000 in the Federation in certain areas that are located in an "approved investment project". The cost to obtain St. Kitts-Nevis passports are $35,000 for one spouse, $15,000 for the second spouse, and $15,000 for each other dependent.
It's easy to buy real estate here in St Kitts and Nevis. Contact our office with your questions.