Documents Needed to Buy a Property in St Kitts
Do you have a dream? For some people, it is all about visiting some distant tropic destinations and spending some quality time there. Yes, a good rest is a dream for many of us working people. Some of the most lovely places in the world are located in the Caribbean. Have you ever been there? If not, it is something you need to see during your lifetime. But, for a lucky few, just visiting is easy. Buying a property there is the real dream. Have you thought about that? Buying a property in a tropical paradise?
As we said, visiting is great, and staying in a hotel enjoying yourself is quite a treat when it comes to any of the islands in the Caribbean. But, a few weeks compared to as much time as you like at any given beach heaven is not up for debate. If you could you’d buy a house in the Caribbean, right? We believe that yes is the only proper answer. All that is left for you is to choose an island you like. For us, it’s easy to believe that for any of you, one of the best choices would be St Kitts.
Having a house in St Kitts would truly be a dream come true. Being able to visit the Caribbean at any time of the year, and staying as much as you like would satisfy any person. When you’re into beaches, sand, heat, sun, and relaxation this is the way to go. But, we’re talking about a sovereign country that has its own rules and regulations. While this island is well known for its acceptance of foreign citizens when it comes to gaining citizenship through investment, buying a property is a separate story.
Depending on the part of the world you’re living in, you know that buying a house is not an easy task. If you’re living in the US, you know the complications this action has. Even in Eastern Europe you can’t just go out and buy a property. As we said, there are laws to be honored and papers to be filed. But, that’s not something that should push you away from this decision. No, instead is just a minor obstacle to overcome. With our help, you can do it with ease. All you need to do is to read this article and learn about the documents needed to buy a property in St Kitts. Let’s talk about what to buy and how to do it.
What Properties Are There in St Kitts?
It all depends on what you need or require. The offer is not lacking. You can buy land, houses, hotels, retirement homes, or any sort of property you’d like. The doors are wide open. This can be done by direct purchase or through St Kitts and Nevis Citizenship Through Investment program. That’s right you could even buy property tied to the business you want to have on the island. But, the majority of people decide that their dream purchase is a condo with a view of the beach and seas and surrounding ocean. Some decide to simply buy land and see what to do with it later. It all depends on your individual needs and desires. If you are up for it, you could even buy a yacht marina. The best part is that the regulation, when it comes to CBI property purchase is slated between $200 and $400 thousand. Learning more about it is possible if you visit https://imperiallegal.com/real-estate-in-st-kitts-nevis
Why St Kitts?
A good question? Yes. A simple one? Yes. It is a tropical paradise, and what possible else do you need? This should suffice, but if you want more concrete reasons we’re all up for it. First of all, it offers a high and quality life standard at affordable prices. Your property can always be rented if you’re not there and you can do it with ease. Also, the resale value is quite high due to the demand. The tax system benefits the owner, and with due time you’ll also receive citizenship. It goes to you and to your family too. Great! Once you’re there, you’ll also love the infrastructure, medical service, the standard of living, and most of all the way of living on this Caribbean island.
How to Purchase a Property?
This is a piece of cake. We’re talking about an open country. You can buy property as a resident and as a foreigner alike. If you’re the latter this is a path to gaining citizenship. The citizenship of this island is quite a value in the world, and it offers huge benefits. But, to go down that path you need to become part of their CBI program. The purchase itself is quite straightforward. What you need to do is to find a local real estate agent. Once you do that settling on the right property will be a piece of cake.
Upon finding the right location you’ll need to find a local attorney and finish up the details regarding the purchase and sale agreement. When this is done you’ll need to deposit a 10% to 15% deposit on the property value. After this is done you’re halfway there to obtain an Alien Land Holding License. This is a unique document that any foreigner who wants to own a property on the island needs to have. While the process is quite straightforward it still requires tie to get all things done. It usually takes up to three months to have everything sorted out. But, and you should trust us on this one, it’s worth it.
In the end, you want to know how much everything costs. There are plenty of fees associated with buying a property in St Kitts and Nevis and sorting everything out can last additional few months. This is just how the system works. But if you cover the 10% license fee and various registration and legal fees that go from 2.5% to 5% of the sale value and hand 2% to the Assurance fund and $1000 for the survey fee you should be all set and done.