Does the idea of luxuriating in a seemingly endless summer vacation, surrounded by coconut trees swaying gently in the breeze with breath-taking azure waters just a few steps away, excite you? There is a place just like on this planet. If fact, not just one place. Make that several islands. These marvellous isles can not only become your next favourite vacay spot, but better yet, could very well be your new address.
Take out the world map and direct your pointer finger to the Caribbean where two countries are waiting to fulfill your dreams of living on a tropical paradise. Perhaps you can even consider owning your own island home there or investing in a resort hotel. And did I mention enjoying tax free living? All these are possible in Grenada and St. Kitts & Nevis.
Those in search of investment opportunities can find amazing options in these countries. You can have your pick of the best: from condos to luxury villas, homes and apartments to 5-star hotels and resorts, Grenada and St. Kitts & Nevis definitely have something for your discriminating taste. And whether you are looking for your own home in the tropics or a piece of real estate to rent out, these destinations do not disappoint.
A growing tourist hub promising high return on investments
Tourism is one of the main economic drivers for Grenada and St. Kitts & Nevis. These two countries offer some of the best sun-drenched vacation spots worldwide. With the resumption of global travelling picking up post-pandemic, the Caribbean would undoubtedly be among the top destinations of well-heeled tourists. The promise of a steady stream of visitors come the assurance of that the tourism business is picking up pace fast. With a crowd that craves for luxurious accommodations, this means great returns on investments in sea-side homes, villas and hotels.
Rental yields on homes with a pool can easily bring anywhere from $2500 to $3000 for short-term weekly stays during peak season. The low season can fetch $1200 to $1500 weekly. If you decide to go the route of investing in shares in high-end hotels and resorts, the returns may even be higher for you as you can effortlessly ride on the popularity of these vacation spots.
Benefitting from a strategic location
Flying in and out of these Caribbean destinations in quite easy. Grenada and St. Kitts & Nevis are easily accessible from the US, Canada, the UK and Europe. Island hopping among the neighbouring islands is likewise quite manageable.
St. Kitts & Nevis are serviced by the Robert Llewellyn Bradshaw International Airport (SKB) on the capital city, Basseterre. Grenada’s main international airport on the island is Maurice Bishop International Airport. Both airports service international and regional flights as well as for private jets and cargo jets. Taxis can easily whisk you off to your hotel or home accommodation.
Flexible property options for any kind of investment portfolio
Grenada and St. Kitts & Nevis offer some of the best real estate investment options for those looking for properties abroad. Property types that you can choose from include condominiums, villas, and houses that you can own and use personally or rent out.
You can also opt to purchase shares in five-star hotels that world-class hotel management companies manage. By going this route, you not only free yourself from the trouble of having to manage your property, but you also benefit from the expertise of seasoned hoteliers. Because you are a shareholder, you get to enjoy the perks of the hotel’s loyalty program, room upgrades and discounts.
Or you may consider putting your investment in housing projects that an independent managing company is renting out. Like hotels, the burden of property handling is off your hands.
Get citizenship and unlock travel to easy international travel
Any of these investment options can get you an even greater return, qualifying for the CBI or citizenship by investment program of both countries. Just make sure to choose government-approved real estate development projects to avoid the risks of developer insolvency while the properties are still under construction. At Property Legacy, our team of experts have the knowledge and experience to help make sure you find the best property according to your needs.
With the St Kitts & Nevis CBI program, foreigners can invest a minimum of $200,000 in a government-approved luxury resort development. Reselling can only be made after a holding period of seven years. For a five-year hold period, a purchase of either $400,000 of a government-approved property project is needed or shares in a luxury resort project of the same value will qualify a foreigner for the CBI program. After a minimum of five years of ownership, the investor now earns the option for reselling that property.
You can also opt to make a non-refundable donation to St Kitts & Nevis Sustainable Growth Fund or SGF to get your citizenship. Donations begin at $150,000 for single applicants.
The St Kitts & Nevis passport is one of the most powerful in the world. It allows holders to travel to 128 countries around the world visa-free, including all the EU nations, UK, Singapore and Hong Kong. St Kitts & Nevis passport can also get you a ten-year multiple entry B1 or B2 visa to the USA.
For Grenada, a donation to Grenada’s National Transformation Fund beginning at $150,000 or a $200,000 purchase of a piece of real estate is needed to obtain a citizenship. A five-year hold period is required before you can resell your property.
Once you obtain your Grenada passport, you can travel visa-free to 144 destinations, including China, the entire Schengen Zone, the UK, Singapore, Hong Kong, and practically everywhere in South and Central America. What is unique about the Grenada passport is that holders are eligible for the US E-2 visa. With this visa, holders can opt for but are not required to immigrate to the US. An investment of $130,000 in a US business is needed to apply for the E-2 visa. With it, you can live and work in the US, and your children can also avail of the instate tuition.
Grenada’s citizenship is processed within 60 days, one of the shortest processing times among CBI countries. With your citizenship, all your family members are covered and can enjoy the travel benefits of their new passport. All these while keeping your original citizenship.
Low tax regime – no income, inheritance or gift tax needed
For investors, the attraction of Grenada and St. Kitts & Nevis is the fact that these countries are tax havens. There are no taxes imposed on income, inheritance or gifts. You not only own a piece of beautiful real estate, but you also gain financial security and ready access to the globe. Truly a paradise in all ways!
To find out what is currently available in the Caribbean islands, visit our homepage at www.propertylegacy.com.
