•  Buying Real Estate on Nevis •  Latest News • 5 April 2016
It is the only full-service resort in the Federation with 18-holes of championship golf designed by Robert Trent Jones II, a Peter Burwash Tennis Center with 10 tennis courts, including four clay surfaced. With four restaurants, three pools and 198 rooms it’s no wonder that Four Seasons Resort Nevis continues to attract real estate investors seeking the best returns on their money.
Four Seasons Resort Estates Nevis launched the Villas at Pinney’s Beach in 2014 with two homes. By the end of 2016, we will have seven villas completed as this very popular project has been well received by Citizenship and Lifestyle buyers. Villas at Pinney’s Beach are offered fully furnished at $3.8 million for a three-bedroom home. Four-bedrooms villas are available from $4.2 million. Fractions are also available offering 13 or 5 weeks usage per year depending the investment.
The Citizenship by Investment Program in St. Kitts & Nevis has long been recognized as most successful and respected in the world. Four Seasons Resort Estates Nevis is a leader in the creation of products for this program and works closely the Federation of St. Kitts and Nevis. Villas at Pinney’s Beach owners enjoy access to all amenities of Four Seasons Resort Nevis.
Excerpts from the very informational article written by Nuri Katz of APEX Capital:
“As globalization continues, increasing numbers of global high net worth individuals (HNWI) have sought out citizenship by investment opportunities, according to a recent report by the New World Health Organization.”
“Citizenship-by-investment provides HNWI and their families the opportunity to become citizens of a new country of their liking through investment in real estate or government programs. While moving their families may have once seemed a difficult decision, many find the tax advantages, succession planning, alterations in lifestyle, and other factors are too financially attractive to pass up.”
“These programs vary from country to country, but typically fall into one of three categories: investing in private sector assets, such as real estate or a business venture; investing in an entity or instrument issued by the government, such as a bond or promissory note; and, contributing to a government development fund.
Of the three options available, the most common financially sound approach to dual citizenship by HNWI is through real estate. These types of investment opportunities are mutually beneficial to both the investor and the participating country – helping to create jobs and stimulate the local economy through the injection of direct investments from foreign investors, while also allowing the investor to gain lawful and permanent access to a more financially desirable region or country. The Caribbean has become an ideal destination for HNWI looking to secure a new home and second citizenship for themselves and their families.”
“The benefits and minimum investment requirements vary tremendously depending on the participating country. In 1984, St Kitts & Nevis was the first country to introduce a citizenship by investment program. Today the Caribbean countries offering citizenship via investment for affluent investors continues to expand. Within this trend, there are multiple benefits, factors, and due diligence requirements to consider.”
“St. Kitts and Nevis – In 1984, St. Kitts and Nevis introduced its citizenship by investment program, the first country to do so. Today the country’s passport is considered one of the top 25 in the world, offering citizens access to visa-free travel to more than 120 countries, including the United Kingdom and Schengen area, as well as eligibility to apply for a ten-year U.S. visa. Additionally, St. Kitts and Nevis has also introduced legislation designed to attract financial services businesses and expand investment opportunities, making it even more attractive to HNWI.”
“For families looking to gain citizenship, they are required to invest $400,000 or more in government-approved real estate and hold the property for at least five years, with the option to sell it afterward. In addition, a fee is required of $50,000 for the main applicant government (plus $25,000 for a spouse and $25,000 per child under 18 years old) Processing fees, passport fees and due diligence charges also apply.”
“How to Buy a Caribbean Passport” appeared at the Caribbean Journal April 5th
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