Property for Sale in Saint Kitts & Nevis, Caribbean

A foreign national who wishes to acquire real estate on St. Kitts & Nevis will need an authorization known as an alien land holding license as stipulated by the Alien Land Holding Regulation Act Cap. 102. However, the acquisition of real estate with the aim of obtaining citizenship is in any case limited to developments which possess a corresponding special authorization issued by the government.

Real estate prices in St. Kitts and Nevis have been increasing steadily for a decade.

The Comptroller of Customs assesses the annual rental value of the property and a 5% land tax is levied annually on this rental value. If the property is rented out, any rental income is tax-free for the owner. In the event of a sale, there is no capital gains tax to pay either. The tax system on St. Kitts & Nevis is also financially interesting for those who wish to become resident there. This is because income is not taxed and there are no wealth taxes either.

Rents are freely negotiable between landlord and tenant. Most rental agreements are short-term contracts. Long-term contracts are possible, but usually last only one year. Evicting tenants is not difficult. The legal system is based on English common law.

The economic citizenship program of St. Kitts and Nevis was established in 1984 to attract foreign investors. As a citizen of St. Kitts and Nevis, you can enjoy tax-free living in the Islands and visa-free travel to over 70 countries. To avail of this program, you must invest at least US$200,000 in ten-year Treasury Bonds issued and guaranteed by the Government, or US$250,000 in investment projects, or US$100,000 in real estate, and pay application costs