Economic Citizenship |
Ocean’s Edge is an approved project of the Citizenship by Investment Program me of the Federation of St Kitts and Nevis provided for in the Citizenship Act 1984. Purchasers making a minimum investment of US£350,000* in a unit or a villa plot will be entitled to apply for Citizenship of the Federation of St Kitts and Nevis.
Benefits
Economic Citizenship Legal and Government Fees
Purchasers investing a minimum of USD$350,000.00 are eligible to apply for economic citizenship.
The non-refundable fee for each adult applicant is USD$3,500.00
The successful applicant is required to pay USD$35,000.00 for registration as a citizen Spouse or offspring(s) included in the application, USD$15,000.00 for the spouse, and USD$15,000.00 for each child (under 18 years)
The cost for each certificate of registration is USD$47.00. The cost of each application form is USD$250.00
The legal fees for Citizenship by Investment are US$10,000.00 for a family of up to four.
NB. The applicant must agree not to sell the property for 5 years.
Process
The Government stipulates that upon receipt of the application, the process takes a maximum period of three months. However, the process in most cases is completed in a shorter period, dependent upon the time taken by the authorities to obtain the due diligence report on the applicant. The country of residence of the applicant largely determines the time taken to obtain the due diligence report.
The above is for information only and does not form part of a contract or guarantee. All applications must be processed by a lawyer in St Kitts and we are able to provide a list of those firms able to provide this service.
During its recent releases of real estate and marina slip offerings, Christophe Harbour Real Estate has made some very positive economic news in securing a remarkable total of almost $40 million in Founders’ homesite sales and slip commitments.
British Airways has announced its predicted top ten long haul destinations for 2009 and St Kitts is in at number 7 just after New York & Hong Kong: