St. Kitts and Nevis offers buy back guarantee for citizenship investments.
The St. Kitts and Nevis Investor Program is one of the oldest and most efficient economic citizenship programs in the world. Investors are guaranteed passports in just four months without any interviews and travel.
Real estate developers in St. Kitts and Nevis are offering a buy back guarantee option for their real estate investment program. Under the new option, investors who buy real estate in the citizenship investment program are guaranteed buy back from the developer in five years. In order to qualify for the program, an investment of $400,000 must be made in exchange for 10% fractional ownership of villas in Kittitian Hill, a luxury Caribbean resort development. The buy back option can be exercised within 90 days at the end of the five-year ownership term. The option guarantees a full refund of the invested $400,000 without any accrued interest.
Alternatively, investors can choose to keep the property or re-sell on the secondary market at a higher price. If a property is resold, new owners can also apply for the economic citizenship. Kittitian Hill is backed by a state fund (SIDF), making it an attractive low risk investment.
Aside from citizenship, Kittitian Hill villa owners are entitled to use the property in Kittitian Hill for one week every year and get membership in the prestigious Preferred Residence Network, where they can swap their allocated time anywhere in the world. Investors are not charged any management or property fees.
The St. Kitts and Nevis Investor Program is one of the oldest and most efficient economic citizenship programs in the world. Investors are guaranteed passports in just four months without any interviews and travel. St. Kitts passport holders can travel to more than 125 countries (including Canada and Schengen) without the hassle of having to obtain a visa.
The new buy back incentive comes as a result of increased demand for economic citizenship programs from the MENA region, China and Russia. The buy back option is modeled on the popular Canadian Immigrant Investor Program, where investors put their money in investment vehicles, which are guaranteed by state owned agencies for five years. In order to make this program more exclusive, only 40 real estate investments will be allowed annually. In addition the government increased the levels of investments in the program by $50,000 and application government fees by 50% for 2012.
Arton Capital, in partnership with Kittitian Hill, will be offering this limited opportunity investment through roadshows in Dubai and China starting in November.
People interested in St. Kitts and Nevis Citizenship Investment Program can also participate through the “Sugar Industry Diversification Foundation (SIDF). By giving a donation between $200,000 (for a single applicant) to $400,000 (for a family of eight), the applicant will receive a St. Kitts and Nevis passport. The donation benefits displaced Sugar Industry workers.