Citizenship of Saint Kitts and Nevis for the share of Residence at Tamarind Cove
ACQUISITION OF A SHARE OR A WHOLE OBJECT FOR OBTAINING CITIZENSHIP AND NEVIS AND INCOME:
Tamarind Cove Marina Development Limited, located in a sheltered bay, is a new port of call, the first of its kind on the exquisite island of Nevis. Residence at Tamarind Cove is an exclusive full-service hotel offering a luxurious lifestyle with a wide range of personalized services. Each of the one or three bedroom apartments has a spacious living area with magnificent waterfront views from private verandas.
- Quality construction
- Mediterranean architecture
- Solid wood and colorfully decorated interiors
- View of the embankment
- Air conditioning
- Hurricane protection
- High quality technology
- Turnkey apartments, high quality furnished
- High speed Wi-Fi
- Additional lease arrangements
- Absolute confidentiality during your stay
Citizenship of Saint Kitts and Nevis | Citizenship | Citizenship of Saint Kitts and Nevis
The Federation of Saint Christopher and Nevis, also known as Saint Kitts and Nevis, boasts the world's oldest citizenship by investment program. The program was established in 1984 and allows foreign investors to acquire citizenship of Saint Kitts and Nevis if approved. The granting of citizenship is at the sole discretion of the government following a due diligence process.
Key benefits of obtaining the Citizenship of Saint Kitts and Nevis:
Rapid processing approximately ninety (90) days
Includes dependent children under the age of 25 and dependent parents over the age of 65.
There are no physical residency requirements.
Full citizen of the Federation of Saint Kitts and Nevis
Offers visa-free travel to over 150 territories around the world.
There is no personal income tax on local or global income.
Recognizes dual citizenship.
Tamarind Cove Marina Citizenship by Investment Development
Tamarind Cove Marina Development Limited is a Citizenship by Investment (CBI) approved by the Federal Government of Saint Kitts and Nevis through which investors and buyers can apply for the citizenship of Saint Kitts and Nevis.
Anyone who buys a partial condominium, full condominium or yacht ticket worth a minimum of USD 400 is eligible to apply for the citizenship of Saint Kitts and Nevis.
Please contact Tamarind Cove Marina Development for more information.
Some of the condominiums and private residences will be sold in shared ownership. The private residences will be sold together with fractional ownership of the yacht berths.
FRACTIONAL versus TIMESHAR
Fractional ownership is very similar to the timeshare concept for partial use of the same unit. An important difference between both concepts is that a partial owner actually receives a legally registered title deed that demonstrates ownership over a specified period of time for that unit as specified in the sales contract.
There are three (3) types of fractional ownership:
- The buyer can purchase a partial portion of a condominium or private residence with a partial yacht coupon.
- The buyer can purchase a complete yacht coupon (at a specific price). The yacht owner then automatically gets a fractional ownership of the condominium or private residence with a certain number of days of use per year throughout the life.
- The buyer can purchase full ownership of the condominium along with the fractional ownership of the yacht.
One twelfth (1/12) fraction of fifty (50) linear feet for the life of the marina
Priority A is a member of the Tamarind Cove Marina Development Limited reseller program. This program connects sellers and buyers around the world through the Tamarind Cove Marina Development Limited network of sales agents around the world.
No maintenance fees for the first five (5) years
The possibility of a guaranteed rental return
Priority A for rent in slip and condo rental program
Lifetime membership in the Yacht Club, Private Club and all other Marina Membership Clubs (as long as they own the equity interest, in the event of a sale, the benefits pass to the next owner).
OBTAINING CITIZENSHIP AND NEVIS THROUGH INVESTING IN REAL ESTATE:
Applicants can apply for citizenship by investing in a pre-approved real estate project, which may include shares in hotels, villas and condominiums. The minimum real estate investment required by law is $ 200 (resale after 000 years) or $ 7 (resale after 400 years) for each main applicant.
Non-refundable due diligence and processing fees must also be paid upon application. These fees are $ 7500 for the main applicant and $ 4000 for each dependent of the main applicant who is 16 years of age or older.
Upon approval in principle of an application filed through a real estate investment, a state fee is charged in the following amount:
Main applicant: USD 35
Spouse of main applicant: USD 20
Any other qualified dependent of the main applicant, regardless of age: USD 10
Apart from these fees, property buyers need to be aware of the purchase costs (mainly compulsory insurance premiums and official fees)
60 DAYS ACCELERATED ST. KITS AND NEVIS CITIZENSHIP PROCESS:
The Accelerated Application Process (AAP), approved by the government of Saint Kitts and Nevis in October 2016, allows for an accelerated processing of applications for the Citizenship by Investment Program by up to 60 days.
Interested individuals applying using the AAP will still be required to meet all prerequisite criteria and provide the required supporting documents to apply for citizenship by investment.
Applications will go through expedited processing at Citizenship by Investment, due diligence providers and the Saint Kitts and Nevis passport office. As a bonus, this process also includes the application and processing of a Saint Christopher (Saint Kitts) and Nevis passport.
By submitting an application using the AAP, you can see that the application will be completed within 60 days, and some applications will be completed in 45 days.
AAP process fees (including due diligence fees)
Main applicant: USD 25
Dependent over 16: US $ 20
In addition to the US $ 25 and US $ 000 AAP processing fees, there will be an additional US $ 20 per person for all dependents under the age of 000 for the Saint Kitts and Nevis passport.
For any questions regarding the expedited application process, please refer to the AAAA ADVISER Guide.
Due to the extended peer review period, applicants from the following countries will not be eligible for an AAP:
Republic of Iraq,
Republic of Yemen,
Federal Republic of Nigeria,