Category Archives: Latest News
Range Developments is very honoured to have received an award from the Government of St. Kitts & Nevis for its commitment to the Citizenship by Investment Programme and development in the Federation
The award was presented to Range Developments by the Prime Minister Dr. The Honorable Timothy Harris during a gala function earlier this week to celebrate the Prime Minister’s visit to the UAE.
The Directors and Staff of Range Developments were delighted to receive the glass globe award from the Prime Minister of St. Kitts & Nevis. The award was presented by the Government of St. Kitts & Nevis to Range in “recognition” of Range’s ongoing commitment to the development of St. Kitts & Nevis through the Citizenship by Investment Programme.
Mohammed Asaria, commenting on the award stated:
“This award is recognition of years of hard work and dedication. We are the only developer in our sector to have completed a luxury hotel in the Caribbean through citizenship by investment and we are very touched by this acknowledgement from the Government of St Kitts & Nevis. We look forward to many years of collaboration and completing our next project in St. Kitts in record time”.
On the photos – The Prime Minister of St. Kitts & Nevis presenting an award to the Partners of Range Developments – Mohammed Asaria and Kamal Shehada.
Very limited inventory in the recently opened Park Hyatt St. Kitts remains available for investment. It is the only hotel investment option in the Caribbean through citizenship by investment in a completed luxury hotel project.
Range Formally Announces 4th CIP Development: Six Senses in Saint Kitts
Author: Christian Henrik Nesheim
Basseterre, ST KITTS & NEVIS – Range Developments, the developer of luxury hotel resorts in the Caribbean, is bringing the Six Senses brand to the island nation of St. Kitts & Nevis. Six Senses St. Kitts will be set on the site of a former sugar plantation with gentle hills rolling down to a long stretch of sandy beach fronting the Caribbean Sea. It is due to open in 2021. All the projected 70 pool villas and The Retreat will enjoy sea views and an unspoiled environment that gives the glorious feeling of being isolated from civilization and amid nature.
Overlooking the resort’s nature reserve, Six Senses St. Kitts will feature a menu of Six Senses specialty treatments as well as Caribbean healing traditions and rejuvenation journeys, Six Senses Integrative Wellness, detox, yoga and workshops. An Alchemy Bar will be a fascinating extension to spa personalization, first developed at Six Senses Spa Douro Valley in Portugal. There will be a dedicated pavilion for yoga and a fully-equipped gym in addition to a spa boutique which will offer products and exclusively developed for Six Senses.
New contribution amount proposed by St. Kitts and Nevis’ Citizenship by Investment Unit
The Sustainable Growth Fund (replacing SIDF) for a single applicant will require a contribution of US$150,000, inclusive of government fees. The contribution for a family of up to four will be US$195,000, following incremental steps vs US$150,000 for a family of 4 under the Hurricane Relief Fund (HRF).
The existing real estate investment option remains at US$400,000, plus US$75,000 in government fees. This investment can still be resold after five years. However, in order to attract luxury resort developments, there is now being proposed another option where real estate offerings that require a US$400,000 investment may attract two applicants at US$200,000 each, plus government fees. However, this can only be resold after seven years.
https://www.thestkittsnevisobserver.com/featured/pm-unveils-new-cbi-fund/
Act Fast to enjoy the low contribution amount for St. Kitts and Nevis’ Citizenship by Investment!
Source: Investment Migration Insider
Author: Christian Henrik Nesheim
Prime Minister Harris of Saint Kitts & Nevis earlier this week declared the Saint Kitts & Nevis’ limited time offer of US$150,000 contributions to the Hurricane Relief Fund (HRF) as a means of qualifying for the country’s citizenship by investment program a “largely successful” measure. But as the discount window draws to a close (formally ending March 31st), what’s in the cards for the contribution requirement to the Saint Kitts & Nevis Sugar Industry Diversification Fund (SIDF)?
A return to the pre-HRF contribution requirement of US$250,000? That would place it at 2.5x the price of Saint Lucia, Dominica, and Antigua & Barbuda, and US$50,000 above Grenada, making the Saint Kitts & Nevis CIP the most expensive in the Caribbean, at least for those choosing the donation route, which a majority of applicants do.
St. Kitts Citizenship By Investment Donation and Real Estate options new thresholds with immediate effect
Donation Option:
(a) Principal Applicant US$150,000
(b) Spouse US$25,000
(c) US$10,000.00 for each dependent of the main applicant who is over the age of sixteen years
Real Estate Option
A new Real Estate offer of US$200,000 where it can only be resold after 7 years.
The existing US$400,000 option is still available and can be resold after 5 years.
