St Kitts and Nevis has launched AIO investment as third option under the CBI program. It is cheapest investment route compared to the real estate route which requires atleast $200,000 in tourism properties. An investment of atleast $400,000 to purchase private residential properties to become eligible for Kittitian citizenship.
The latest trends suggest that clients would like to have an equity stake in their investment. In other words, they would like a reasonable rate of return on their investments. Because of the inventory and quality of the real estate projects, the St. Kitts and Nevis CBI Programme is best suited for these clients. Alternative investment options are also proving to be attractive for clients wanting to invest in the Federation.
SKN boasts approximately 7 top branded hotels, with significant interest from new property development companies. Properties purchased under the St. Kitts and Nevis CBI Programme can be sold after just five years of ownership, and will qualify the next buyer for citizenship.
Alternative Investment Option (AIO)
The Alternative Investment Option (AIO) is a third form of investment under the Citizenship by Investment Programme of St Kitts and Nevis. The AIO will provide the Government with the means of achieving its capital investments goals without having to endure the drawbacks associated with the use of its existing limited resources or from taking additional debt.
There will be two categories of AIO:
- A Public Good Project Developer (PGPD), where the State owns the asset at the end of an agreement. These projects are fully funded by the PGPD and locked in “up front”. The minimum Unit of Investment will be USD 175,000.00. All other fees will apply as per the real estate option.
- A Private Enterprise Developer (PED), where the built or funded asset is privately owned. In this option, the minimum Unit of Investment will be USD 200,000.00 and standard real estate government fees will apply.
Potential projects should be identified and listed by the Government or can be brought forward by private individuals with access to financing who approach the Government with potential projects not on the Government’s infrastructure list. However, the asset when completed and operated for a reasonable period of time (that allows for a reasonable return on investment) must be turned over to the Government in a maintained condition consistent with prudent ownership.
For those projects on the Government’s infrastructure list, they can be advertised seeking expressions of interest for initial review by the Government and the creation of individual project “short lists”. The Government will endeavor to ensure that to the extent practicable, shortlisted companies will not only maximize local employment but also embark upon programs including transfer of technology and capacity building.
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