Investing In St.Kitts And Nevis During Covid 19

The Federation of St. Kitts and Nevis is known for its Citizenship by Investment Programme, Offshore Financial Sector and amazingly attractive real estate.

In response to the Covid 19 pandemic, the Government of St. Kitts and Nevis has introduced key initiatives until December 2020 which makes investing in the jurisdiction more competitive:

1 The Sustainable Growth Fund Investment Option in the Citizenship by Investment Programme has been reduced to permit a family of up to 4 being eligible for approval as citizens by making a donation of US$150,000.00. That donation is usually US$205,000.00;

2 On the island of Nevis, Aliens Land Holding Licensing requirements have been waived which means that persons purchasing real estate will not be required to pay the 10% stamp duty on that value of the property. That is a significant saving for individuals who are interested in purchasing property be it for residential or commercial use. It also means that sale transactions can close faster as you will not have to wait for approval of an Aliens Land Holding License; and

3 On the island of Nevis, concession packages are available for those interested in developing property. There are reduced duties payable on building materials over US$30,000.00 being granted and in some instances, exemptions from payment of Customs Duty and Service Charge. That is coupled with your regular relocation allowances for new home owners.

These initiatives are a welcomed effort to generate more business activity in the Federation.

Enquiries may be directed to info@danielbrantley.com