By Gina Samarotto
The covetable, Caribbean islands of St. Kitts & Nevis have become even more alluring with the upcoming opening of the much anticipated Park Hyatt St. Kitts. Helmed by Range Developments and a major highlight of Christophe Harbour, the islands premier luxury resort, the Park Hyatt will be a St Kitts’ centerpiece designed to bring contemporary architecture tempered with a healthy measure of colonial influence to the tiny island.
Lovely though it may be, the 2,500-acre luxury resort community known as Christophe Harbour offers more that just an idyllic location. Boasting six breathtaking beaches on St. Kitts southeast peninsula, the haven will have a host of world-class amenities for its well-heeled guests including up to 43 residential villas, one hundred sixty-five rooms, a yacht club (appropriate to the ‘super yachts’ that will no doubt be setting course to the indulgent destination) and a Tom Fazio designed golf course.
Adjacent to the gracious homes of Sandy Bank Bay and replete with panoramic views of St. Kitts’ verdant landscape and the turquoise waters waters of the Caribbean, Christophe Harbour is the brainchild of Darby Family Investment Group, a team led by former Kiawah CEO, Charles P. Darby III.
In addition to the enviable lifestyle it affords, ownership in Christophe Harbour comes with a unique set of benefits. Along with access to the beach side cabana, oceanfront infinity pool and fine dining options offered by the Pavilion Beach Club, Christophe Harbour owners will also be eligible for the St. Kitts and Nevis ‘Citizenship by Investment’ program. Unlike other destinations where citizenship is nearly impossible to achieve regardless of residency or financial influence, St. Kitts and Nevis have long enjoyed the success of the highly lauded program, designed to attract foreigners who make ‘a substantial contribution to the development of the country’.
While visa-free travel to more than 100 countries in Europe and the Caribbean may be alluring, the true value of the St. Kitts & Nevis citizenship program lies in the fact that the islands do not have income or wealth tax. Available without the need for residency, the only requirement for consideration is either a non refundable, charitable donation of no less than $250,000 to the Sugar Industry Diversification Foundation or the purchase of approved, recoverable Real Estate with a value of at least $430,000 (along with the payment of various registration and administration fees). Family members will also be accepted for citizenship consideration under the well-respected program.
To begin the process, investors will sign a reservation form to be remitted with a deposit of $43,000 securing their interest. Upon such reservation, the investor may begin (with the assistance of their attorney), to compile the applications and forms necessary. Legal fees and a due diligence fee of $7,500 for the main application and an additional $4,000 for each dependent must accompany all applications, after which a Sale and Purchase agreement may be executed. Upon application approval, the remaining balance of $387,000 plus government fees of $50,000 for the main applicant, $25,000 for each additional dependent ($50,000 for dependents between the ages of 18 and 25 enrolled in higher education or a parent over the age of 65) and a registration government fee of $21,500 will be paid. Upon balance and fee remittal, an Ownership Certificate will be issued to the investor. Proof of ownership will then be submitted to the government and the Citizen by Investment unit will issue certificate(s) of citizens and subsequent passport(s) within three to four weeks.
Fractional Ownership of select villas is also available. To learn more about the Residence Club at Christophe Harbour, read on.
For further information on Christophe Harbour, please visit http://www.christopheharbour.com/