Silver Reef Resort St Kitts Charms Investors

Not only the perfect holiday destination, St. Kitts is one of the world’s offshore financial centres and a tax haven for UK investors. Personal income tax, net worth tax, gift tax, inheritance tax, sales tax, turnover tax, estate duty and capital gains (on property owned for more than a year) are all 0% for UK investors relocating to this stunning isle charmed by property developments such as the Silver Reef Resort.

St. Kitts and Nevis are two of the Caribbean’s least assuming yet most striking isles.

Harbouring an enviable position in the northern part of the Leeward Islands their interior comprises rolling coconut groves, verdant green rainforests, meandering slivers of perfect beach and dramatic volcanic peaks. Not only offering aesthetic perfection, they are also graced with a rich and absorbing history providing visitors with an array of interesting landmarks. Thanks to the infancy of its property market St. Kitts is also a profitable investment opportunity.

In addition, as one of the world’s offshore financial centres and a tax haven, St. Kitts offers added incentives to invest. Investors are therefore given a rare opportunity to invest in paradise and evade several of the taxes they are plagued with in home countries. In addition, those investing over $350,000 in a government approved development, are offered the added benefit of full economic citizenship. In short this gives them citizenship for life, both for the applicant, as well as eligible family members, visa-free travel to approximately 80 countries plus the tax free status already mentioned. Gaining economic citizenship allows you to work and live in St. Kitts whenever you want and even entitles you to enter the Olympic Games as a St. Kittian national. Plus with 70% LTV mortgages available to foreign non-residents, investors can purchase with relatively small cash outlay.

Aside from its investment potential, St. Kitts is an island with one of the broadest range of activities available offering diving, sailing, cruising, snorkelling, swimming, windsurfing, waterskiing, sport fishing, horse riding, volcano safaris, hiking, climbing, tennis, quad biking, golf and racing. As a result it appeals to a varied group of people.

Indeed St. Kitts has enjoyed considerable growth in both tourist demand and expenditure over the last few years whilst welcoming an influx of foreign investment – the majority of which has been directed towards travel accommodation and tourist facilities. As a result, tourism expenditure is reaching new heights and in 2006, 135,000 tourists spent a record breaking EC$300m. Benefiting from a travel and tourism enhancement fund, St. Kitts has been able to continually promote itself abroad whilst locally, has taken part in training programmes for superior service. This in turn has allowed the island to attract, moreover satisfy the upmarket consumer.

It seems then, that St. Kitts’ recent success may signal only the beginning of a very significant upward journey. The World Travel and Tourism Council have predicted that tourism demand will grow by 6.2% annually over the next 7 years whilst the rest of the Caribbean is expected to rise only 4%. What is more, St. Kitts is expected to receive the highest proportion of capital investment which is expected to increase by 6.3% pa. It is also expected to enjoy the highest GDP growth through Travel and Tourism for the region at 7.4%.

Whilst rental yields of between 8%-13% are expected, capital appreciation is predicated to rise in line with the island’s popularity. Those choosing to invest at this crucial point therefore, before the island’s potential has been fully realised should benefit as the country goes from strength to strength.

Silver Reef Resort is an example of a prime investment opportunity on St. Kitts. Set in a unique and enviable position on a hillside overlooking Royal St. Kitts Golf Course and the picturesque Frigate Bay it commands fantastic views over the Caribbean Sea and the Atlantic Ocean. Set in lush tropical landscaped gardens with free form and lap pools, this range of apartments and villas is government approved so will offer you the change to participate in the economic citizenship programme. 1 bed apartments are available from £135k.

For more information on the Silver Reef Resort opportunity click here to contact us.