News Americas, DUBAI, UAE, Fri. May 2, 2014: St. Kitts Citizenship For Investment Program was in the spotlight at The Citizenship by Investment & International Residence Summit 2014 in Dubai recently.
The premier forum, which featured some 150 investors in global international finance and real estate, featured the islands Minister of Tourism & International Transport, Richard Skerritt, headlining a series of presentations on the attractiveness of the islands’ hospitality industry as a vehicle for profitable investment.
He spoke to the importance of tourism to the development of the St. Kitts economy, and the significant product expansion on island, linked to St. Kitts’ Citizenship by Investment program.
he minister said that the federation uses the highest possible level of security to guide the management of the program and that the meticulous attention to due diligence sets it apart from competitors.
“All who have been involved in our program can vouch for the stringent and thorough security system that is adhered to,” explained the minister. “It is this insistence on the highest possible level of security that has guided the management and control of our Citizenship by Investment Program”.
For a minimum investment of US$400,000 into a real estate project in St Kitts or Nevis (plus additional fees) you can qualify for St Kitts citizenship and acquire a St. Kitts passport. The government of St Kitts has designated real estate projects for the St Kitts citizenship-by-investment program and making an investment into one of these projects can qualify you for St Kitts economic citizenship. In this option, a spouse and children can be included in the application process. The real estate investment in the St Kitts economic citizenship program cannot be resold before a period of five (5) years; subsequent buyers of property bought under this economic citizenship program do not qualify for St Kitts citizenship.
Ambassador Rosalyn Hazelle, Chief Executive Officer of the St. Kitts Investment Promotion Agency, discussed the wide range of attractive opportunities for wealth protection and creation available to discerning investors, noting that St. Kitts & Nevis has attracted over US$3 billion worth of investment to the twin islands in recent years.
Meanwhile, Charles Ross, Chairman of Pelican Bay, presented his resort development as a leading case study, highlighting the unique benefits offered to investors in Pelican Bay: freehold ownership, an attractive return generated by the hotel operation, and the opportunity to secure a share in the limited supply of pristine Caribbean beachfront property still available on the island.