ST KITTS & NEVIS Trends and Developments Contributed by: Dahlia Joseph Rowe and Daisy Joseph Andall, Joseph Rowe, Attorneys-at-Law
purchasing real estate in those special zones can become owners of real estate without any requirement to apply or pay for an Alien Land - holding License. In keeping with the very deliberate efforts by the government to support investment in St Kitts and Nevis, the authors are seeing initiatives such as the Inaugural Investment Gateway Summit carded for July 2024. This Summit is focused on showcasing the dynamic investment oppor - tunities that exist in the twin-island Federation of St Kitts and Nevis. The sites mentioned in this article are likely to take centre stage in synergy with the CSI programme. St Kitts and Nevis is welcoming persons globally to explore and invest. There is a focus on sus - tainable development and initiatives that sup - port this vision. Whatever the investment being considered, it is paramount to work with trusted independent professionals who can guide cli - ents through the process with certainty and effi - ciency.
Once an individual has identified a property and has or intends to make an offer, the authors rec - ommend he or she engage a local attorney to prepare or review the Purchase and Sale Agree - ment. It is prudent, where real estate is being purchased by foreign persons, that the closing of the sale be expressly contingent on approval of the application for an Alien Landholding License or approval of the application for Citizenship by Substantial Investment. Allowances should be made for possible extensions, in the event the relevant application is delayed for reasons beyond the purchaser’s control.
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