Buy Park Hyatt, St Kitts with Citizenship
St Kitts and Nevis citizenship options include the opportunity to qualify by investing in a 5 star luxury branded hotel Park Hyatt, St Kitts. “Location, location, location” is the best way to describe this 5 star St Kitts real estate development.
Indeed, the ultra luxury beachfront hotel is situated in Banana Bay on the southern tip of St Kitts Island. As a result, guests will enjoy beautiful views of Nevis Island capped with iconic cloud covered Nevis Peak. In addition, Park Hyatt, St Kitts has two best in class restaurants, executive suites and beautiful swimming pools.
Park Hyatt, St Kitts has several years of successful operations since the grand opening on November 1, 2017. Guests have been very pleased with both the amenities and also the location. As a result of five star reviews on the top three travel websites, Park Hyatt St Kitts has built a well established customer base.
On account of this repeat business in combination with growing demand for Caribbean vacations, investors are rewarded with a potential 3-4% annual income yield under the developer’s 90% pro rata net profit sharing plan.
Park Hyatt, St Kitts Government Approved Real Estate
Park Hyatt, St Kitts and the citizenship by investment program have recently become less affordable for investors. Since the St Kitts government introduced new regulations in March 2018, the minimum investment amount was lowered by 50%. However, this price reduction is no longer available.
Effective, July 27, 2023 the minimum investment requirement for government approved real estate is now set at US$400,000. Therefore, Park Hyatt, St Kitts is now priced at US$400,000. Further price revisions may be forthcoming in the near future as the developer will need to implement the changes.
~ Limited Inventory ~
The main applicant and also their dependents will receive a St Kitts and Nevis passport in return for their contribution to the economy of St Kitts and Nevis.
In addition, the investment holding period is set at a minimum of seven years. After which the investor can sell the property to recoup their capital while retaining St Kitts and Nevis citizenship in perpetuity. As a result, you can recoup your investment and also earn a respectable investment yield.
~ 90% Profit Sharing ~
An annual dividend yield is calculated every spring based on net profits for the preceding fiscal year. The dividend distribution will be sent accordingly based on a 90/10 split with registered shareholders.
Park Hyatt, St Kitts Real Estate Luxury Brand
The hotel is operated by the world renown brand – Hyatt. In addition, the reputation of this St Kitts developer is equally stellar and they boast the most successful track record in the Eastern Caribbean.
Indeed, the developer of Park Hyatt St Kitts has an excellent relationship with the local government authorities. Not only on St Kitts, they have also had much success on the islands of Dominica plus Grenada.
In the Commonwealth of Dominica they opened their latest five star development in 2019, as for Grenada, expect the grand opening in second half of 2023.
Strong St Kitts Economy and Government Support
Security of the investment is enhanced because the St Kitts citizenship by investment program has been operating successfully since 1984. As a result, it is the world’s longest running citizenship program.
Furthermore, St Kitts and Nevis has a strong economy with a government debt to GDP ratio of slightly over 60%. Their fiscal prudence fosters a strong local real estate market that is safe for international investors.
In addition, St Kitts and Nevis is indeed well positioned for the post pandemic recovery. St Kitts government support has been rapidly administered and tremendously effective. Therefore, the Federation of St Kitts and Nevis has the lowest infection rate in the entire Western Hemisphere and zero fatalities.
As a matter of fact, Park Hyatt St Kitts is already reopened for business and serving tourists from global destinations.
Park Hyatt, St Kitts Ownership Structure
Ownership of Park Hyatt, St Kitts real estate is structured into a limited partnership and real estate trust. This permits citizenship investors to purchase a share unit of the hotel instead of freehold property. As a result, privacy of the investor is protected because their identity is not recorded in the St Kitts and Nevis Land Registry. On the other hand, freehold title registration is published.
Additionally, freehold ownership of government approved investment properties priced in the US$400,000 range does not permit the owner to use the property year round, exclude others or mortgage the entire unit. Therefore, traditional benefits of freehold title are not applicable with CBI property ownership.
Last but not least, using the real estate trust structure allows the investor to sell without attracting transfer taxes. Share ownership is indeed most advantageous!
Itemized Cost Breakdown for Family of Four* (USD)
| Cost of Share | $400,000 |
| Main Applicant’s Government Fees | $35,000 |
| Spouse’s Government Fees | $20,000 |
| 2 Children’s Government Fees | $20,000 ($10,000 per child) |
| Share Registration Government Fees | $20,000 |
| Due Diligence Fees | $32,500 ($10,000 for main + $7,500 x 3 for dependents) |
| Legal Fees | $5,000 |
| Digital Application Form | $250 per person |
| Bank Due Diligence Fees | $200 |
| Certificate of Registration | $200 ($50 per person) |
| Passport Fees | $2200 ($550 per person) |
| Courier Fees | $150 |
| Total Cost | $536,250 |
*Family of four may include the main applicant plus three dependents including their spouse or children up to age 30, siblings, parents and also grandparents.
St Kitts and Nevis Citizenship Requirements
Government approved real estate investment is the preferred method used by applicants to qualify for the St Kitts and Nevis citizenship program. As a result, the local tourism sector will provide better support for the local economy.
Rest assured that your share purchase in Park Hyatt St Kitts real estate is a win~win situation. In return you get lifetime citizenship, a new passport, plus an investment yield and some good karma. In addition, St Kitts and Nevis obtains a new citizen of significant means.
Your application will be successfully implemented with no risk, at the lowest possible cost. Nonetheless, successful applications are contingent on proper due diligence including AML/KYC protocol. As a result, all applicants are thoroughly vetted in-house before proceeding and any complications will be identified in advance.
Application Process:
To initiate the process, we would need each family member’s passport copy and a completed reservation application.
Upon receipt, we will run a world check and issue an invoice for down payment (10% of purchase price).
After receipt of initial payment, legal documents (signed and stamped by seller) for the investment into Park Hyatt St Kitts will be couriered to your designated address.
Our documentation team will assist with document collection for each and every family member. Assistance will be given as needed including providing all application forms and a list of the required supporting documents.
Once all documents are in order, the file is sent to the St Kitts citizenship unit for submission.
From submission to approval it may take approximately 2-4 months if no query is raised during the due diligence process.
In case of any queries, the unit may request additional documents or information to be submitted.
A virtual or in person interview is required for all applicants. The interviews will be conducted by an independent due diligence firm which is also responsible for the due diligence checks.
Upon approval, we will issue a final invoice for the investment balance and government fees.
Once final payment is received, it would take 2-3 weeks for issuance of the certificate of registration and passport.
iGlobal Post Citizenship Services
My partners and I have 35+ years of experience working with the Caribbean citizenship programs, especially St Kitts and Nevis. As a result, you can rest assured we will provide you with the necessary speed and efficiency at the lowest possible cost.
Most importantly, St Kitts citizenship applicants must be kept informed about changing regulations. New regulations introduced by the St Kitts government July 1, 2020 make it mandatory for successful CBI applicants to be physically present on St Kitts in order to obtain their St Kitts driver’s license to their tax identification number (TIN) and the TIN authentication letter from the government. It is no longer possible to do this remotely.
We can assist you to obtain these essential documents in order for you to effectively establish tax residency in your country of choice. However, if you did not obtain St Kitts citizenship through our agency, additional fees will apply.
As a wise investor, you can put your trust in iGlobal to secure your assets, your family and your freedom.
