Anyone considering investing in property in the Caribbean should definitely give St Kitts a second look as property here is much more competitively priced than better-known islands, especially as the tourism industry is still becoming established.
Developments such as Oceans Edge tend to be of an extremely high quality and are aimed at attracting the more discerning tourist. Many of the properties available for sale come with management schemes already in place that will take over renting the property while it isn't in use. This is the perfect way to enjoy your property whenever you wish to while still earning an income on your investment.
Many people choose to invest in St Kitts due to the citizenship by investment programme which allows those who have made significant investments in the country to apply for citizenship. This scheme has been running since 1984 and applicants have to make a minimum investment into property of $250,000.
In addition they need to pay a registration fee of $35,000 for the primary applicant with an additional fee of $15,000 for each additional applicant. These fees do not have to be paid until citizenship has been approved by the government.
Once approval has been given then the investor receives a government certificate of registration as well as an additional passport. It is questionable as to how advantageous this passport is to anyone who already has a European or North American passport, but for those who live outside these countries it allows visa free access to more than 65 countries throughout the world.
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