ST KITTS & NEVIS Trends and Developments Contributed by: Dahlia Joseph Rowe and Daisy Joseph Andall, Joseph Rowe, Attorneys-at-Law
Joseph Rowe Unit #5 Long Stone House Main Street
PO Box 1200 Charlestown Nevis Tel: +1 869 469 1015 Email: rowe@josephrowelaw.com Web: Josephrowelaw.com
Real Estate in St Kitts and Nevis Through the Citizenship by Sustainable Investment Programme What is new in 2024? Investors around the world are drawn to the prospect of diverse real estate investment opportunities in developing island-states such as the Federation of St Kitts and Nevis (also called St Christopher and Nevis). Real estate purchase in St Kitts and Nevis is sim - ple and non-citizens are welcome to own, rent or otherwise invest. A non-citizen may be required to obtain an Alien Landholding License (ALHL) to hold land. Note that real estate within specific locations in St Kitts are currently exempt from this requirement. Alternatively, by applying for citizenship and purchasing government-approved real estate, whether within a development or a private home, an ALHL is not required. Unique to only five Caribbean islands including St Kitts and Nevis, an individual’s investment in real estate can carry with it added benefits of obtaining a second citizenship in an economi -
cally and politically stable tropical paradise in the Caribbean. Real estate transactions form a significant part of the government’s revenue and, as such, the government of St Kitts and Nevis is constantly exploring ways to stimulate the real estate mar - ket. Significant resources have been dedicated to the promotion of St Kitts and Nevis around the world as a premier destination for visitors and new or second home seekers alike. The authors have seen the demand for high-end properties remaining stable, with real potential for growth. Recently, the government of St Kitts and Nevis has taken decisive steps to bolster the real estate market. The St Kitts and Nevis Citizenship by Investment programme has been replaced by the St Kitts and Nevis Citizenship by Sustainable Investment (CSI) programme. Real estate invest - ment remains one of the key features of the CSI programme. To that end, the government of St Kitts and Nevis has published new CSI Regulations that took effect on 27 July 2023.
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