Untitled - Vacation For Life, St. Kitts

Vacation For Life
We all feel the demands of life pull us in
many directions. We all yearn for that rare
moment when we can finally escape to
that much earned vacation. We all wish we
could get away more often and that it could
last much longer.
And that’s just it…because we all live for
vacation, we simply thought…why not
Vacation for Life? Well, the Royal St. Kitts
Hotel1 has now made that a possibility,
offering condominium units at its tropical,
18-acre resort property through its Vacation
for Life Condominium Program.
The Vacation for Life Program is also a
St.
Kitts-Nevis
Government-Approved
Investment Opportunity for Economic
Citizenship. Under the Federation of St.
Kitts and Nevis’ long-established Citizenship
by Investment Program, investors of
good character are eligible for St. KittsNevis citizenship when they invest at least
$400,000 USD on real estate sold by a
government-approved developer.
Dieppe Bay
BEAUMONT RACE TRACK
Sandy Bay
e Gate
White
St. Pauls Point
oint
Atlantic Ocean
Grange
an
nge Bay
ST. KITTS
Hermitage Bay
Fig Tree
ee
Pump
ump Bay
Conaree Bay
Conaree
Village
H
alf M
oon
o Bay
Half
Moon
GO
SE
UR
CO
LF
BLOODY POINT
Old Road Bay
Bloody
Point
Palmetto Bay
Palmetto Poi
nt
Point
Lim
mekkiln
Limekiln
Bayy
SERENDIPITY
Hotels/Developments
Villages
Ferry Terminals
Train Tour
Scenic Railway Tour buses Island Main Road between
La Valle and Needsmust
Deep
Water
SS. Fr
Frigate
rigat
g te
e Bay
B y
H
Harbour
r
North Friar’s Bay
TTurtle
urttlle B
Bay
Canoe Bay
Machineel Bay
Machin
SSandyy Bank Bay
Mosquito Bluff
Ross University
versity
Historic Sites
North
N
orth
rth
h FFrigate
Frigat Bay
B
White
Whit
te House Bayy
Guana Point
G
Ballast Bay
BEACH HOUSE
Hurricane Cove Bungalows
Nisbet Plantation
Oualie Beach Resort
SPICE MILL
Cockleshell Bay
Mt. Nevis Hotel
Green Point
Major’s
Bay
SEA BRIDGE
Buggs Hole
Nag’s Head
Four Seasons Resort
The
Hermitage
Golden Rock
Inn
Bananas
Beaches
Race Track
Restaurants
Old Manor
Montpelier Plantation Inn
The Destination
Islands Magazine lists St. Kitts as one of the best 20 islands to live on and characterizes
the island as “one of those increasingly rare isles that hasn’t been overrun by mega
development” (July/August 2007). That’s exactly why we like it and why we believe you
will too. Experience authentic Kittitian life: stroll through the capital city of Basseterre,
hike the rainforest, take an unforgettable ride with the St. Kitts Scenic Railway, rejuvenate
on a catamaran cruise to Nevis, or just “lime” on one of St. Kitts’ many beautiful beaches.
There’s no shortage of things to do here and no requirement to do anything in particular!
St. Kitts and Nevis Quick Facts
Banking
Capital City
Climate
Currency
Government
Language
Legal System
Location
Population
There are 5 banking institutions: Bank of Nova Scotia, First Caribbean
International Bank, St. Kitts-Nevis-Anguilla National Bank, Royal Bank
of Canada, and Royal Bank of Trinidad & Tabago
Basseterre
Pleasant tropical temperatures ranging from 17° to 33°C
Eastern Caribbean Dollar (fixed at 1 USD = 2.70 XCD)
Parliament democracy within Commonwealth of Nations.
Full participating member of the Caribbean Community (CARICOM)
and the organization of Eastern Caribbean States (OECS)
English
English Common Law and a member of the Eastern Caribbean Supreme
Court system.
Part of the Leeward Islands of the Caribbean, West Indies
Approximately 52,402 (World Bank, 2010)
The Frigate Bay Area
View From The Caribbean Sea
The Hotel is located in the main tourism area of St. Kitts known as Frigate Bay, located a mere 7
minute drive from the airport and offering a variety of restaurants and hotels, the Royal St. Kitts
Golf Club2, and stunning views of both the Atlantic Ocean and the Caribbean Sea.
The Hotel
The Royal St. Kitts Hotel was the first major
hotel to open its doors in St. Kitts in 1983, and
has been welcoming tourists and locals for over
29 years now. The 18-acre resort property3 is
located on a private lake, directly across from
North Frigate Bay Beach, and offers an array of
amenities.
The Vacation For Life Condominium
Legal title to real estate for life.
The opportunity to hold a passport to paradise.
When you purchase a Vacation for Life unit with us,
you will receive registered legal title to one of our
resort’s condominium units. Since you hold title to
your condominium unit in perpetuity, you are free
to transfer your unit through re-sale4, gift or by will.
If you apply and qualify for Economic Citizenship,
please note that you are required to hold your
investment for a period of at least 5 years.
If you apply and qualify for Economic Citizenship
to St. Kitts and Nevis, not only will you own real
estate in a tropical paradise, but you will also hold
citizenship to one of the most beautiful islands out
there. St. Kitts and Nevis have much to offer and
the Economic Citizenship Program provides you
with unique benefits, including:
An unspoiled, tropical hideaway at an unbeatable
price.
In a destination that is increasingly becoming known
as the high-end unspoiled Caribbean alternative to
many of the overdeveloped tourist traps, the Royal
St. Kitts Hotel is offering a Vacation for Life to the
tranquil Caribbean at an affordable price, with prices
starting at $400,000 USD for a condominium unit.
Hassle-free rental profit.
If you decide that you can’t use your unit in a
particular year, simply deposit your unit in our
Hotel’s Rental Program and we’ll rent it out on your
behalf. You can choose whether you wish to enter
the unit into the Monthly Rental Program or the
Hotel Guest Rental Program.
Stress-free ownership of real estate.
With an experienced Hotel Management to support
you, you can enjoy all of the benefits of owning
a condominium unit, with none of the worries of
maintenance, security, or upkeep. Just leave it all to
us! Monthly condominium maintenance fees start
at $350 USD per month and cover all maintenance,
utilities, and insurance costs.
• Full citizenship for life. If the applicant passes
the requisite due diligence checks, citizenship is
awarded for life.
• Right to dual citizenship. There is no need to
abandon existing citizenship or to notify your home
country.
• Visa free travel. A St.Kitts-Nevis passport allows
you visa-free travel to numerous countries, including
the United Kingdom and Canada.
• Favourable tax policies. As a citizen of St. Kitts
and Nevis, you can enjoy tax free status on all
income, capital gains, gifts, wealth and inheritance.5
• Full residency status. You will obtain the right to
reside in St. Kitts and Nevis, and some CARICOM
member countries.
• Valid passports. A valid passport is issued to
a successful applicant and other eligible family
members.
• Certain preferential treatment afforded to
Commonwealth citizens in the United Kingdom.
• Wonderful climate and scenery. St. Kitts and
Nevis is well known for its beautiful climate and
serene landscape.
the Kittitian escape
Kittitian Escape Décor Option.
the sugar haVen
Sugar Haven Décor Option
All units are fully furnished and feature a private balcony or patio, the choice of a king size bed or 2 double beds, private bathroom,
internet access, a flat screen TV, and other guest amenities. Units and suites with kitchenettes are also available. Please refer to the legal
documents for a full, detailed description of the units.
Applying For Economic Citizenship
In order to apply for Economic Citizenship,
eligible applicants must submit the
following documentation, along with
the applicable fees6, to the St. Kitts
Government’s
Citizenship-by-Investment
Unit: a completed original Application and
an executed Vacation For Life Contract for
Purchase.
Each
applicant
must
complete
an
Application, which can be obtained from:
1. any Authorized Person,
2.the Citizenship-by-Investment Unit.
For the list of Authorized Persons, please
visit the Citizenship-by-Investment Unit’s
website at www.ciu.gov.kn.
The Citizenship-by-Investment Unit aims
to process applications within ninety (90)
days. Once the Certificate of Registration
for Citizenship has been granted, the
applicant must then apply to the Ministry
of National Security and Immigration to
obtain a Passport. The Ministry generally
processes Passports within approximately
10 working days.7
Required Documents
Please find below a list of all documents that must accompany a completed Application.8
Documents Required from Each Applicant, Including
Children
1.Photograph and Signature Certificate (Form
C2), completed by a Notary Public.
2. Medical Certificate (Form C3), including original
results of HIV test no older than three (3)
months, completed by a licensed Medical
Practitioner.
3.Certified copy of your current passport(s)
showing name, citizenship/nationality, date and
place of issue, issuing country, passport number, expiry date and photo.
4.Certified copy of your current national identity card(s).
5. Six (6) original passport-size photos of yourself
taken within the past six (6) months. One photo
must be certified and attached to Form C2.
6.Two (2) original certified copies of full birth
certificate.
7. Original police certificate(s) from your country
of citizenship and from any country where
you have lived more than one (1) year within
the past ten (10) years. Police certificates must
be less than six (6) months old at the time of
your application.
8. Certified copy of military records (if applicable).
9.Certified copy of proof of name change (if
applicable, i.e. statutory declaration, adoption
papers, etc.).
10.Any other document in support of statements
made in Application, as required by
the Citizenship-by-Investment Unit.
Additional Documents Required from the Primary
Applicant Alone
1.Original bank reference letter issued by an
internationally recognized bank. Bank reference
letter must not be more than six (6) months old.
2.Original professional reference (e.g. attorney,
chartered accountant, notary public, or other
professional of similar standing). Professional
reference letter must not be more than six (6)
months old.
3.Original document of evidence of residential
address (e.g. certified copy of a recent utility
bill or bank statement showing full name and
address, or written confirmation from a bank,
attorney, notary public or chartered accountant).
Documents Required if Spouses Apply Together,
Only if Applicable
1.Two (2) original certified copies of marriage
certificate(s).
2.Certified copy of divorce document(s) (if
applicable).
Applicable Fees
After the application has been processed, the Citizenship-by-Investment Unit will notify your authorized
person of the application status and whether it has been approved in principle or denied. If you have been
approved in principle, proof of the investment will be required. In addition to proof of the investment,
the applicable Registration Fees and the fee for each Certificate of Citizenship Registration must be sent
to the Citizenship-by-Investment Unit payable to the Accountant General.
ECONOMIC CITIZENSHIP FEES
COST IN USD9
Application Form
$250 per applicant10
11
$7,500 per main applicant,
Due Diligence/Background Check
$4,000 per dependent over the age of sixteen (16).
Main Applicant Registration Fee
$50,000
Spouse Registration Fee, if applicable
$25,000
Children under eighteen (18) years old
$25,000 per applicant
Registration Fee, if applicable
Other Adult Family Member12
$50,000 per applicant
Registration Fee, if applicable
Certificate of Citizenship Registration
$47 per applicant
Legal Fees
Dependent on Authorized Person
PASSPORT FEES
Passport Fee
Adult Passport
Child under sixteen (16) years old
COST IN EASTERN CARIBBEAN DOLLARS
Payment is made in the form of local Postage Stamps in Eastern Caribbean Dollars
$675 (received in 10 working days)
$975 (received in 4 working days)
$675 (received in 10 working days)
$975 (received in 4 working days)
Paradise Awaits You...
Contact Us
If you’d like to Vacation for Life, simply wish to learn more, or would like additional
information on the St. Kitts-Nevis Economic Citizenship by Investment Program,
please contact us at:
Tel 1: 869.762.8657
Tel 2: 869.466.3068
Fax:869.466.6960
Email:[email protected]
Mail: Royal St. Kitts Hotel
Attn: Vacation for Life Department
P.O. Box 406
Frigate Bay, St. Kitts, W.I
1
The Royal St. Kitts Hotel and the Vacation for Life Condominium Program are owned and operated by Trans-Americainvest (St. Kitts) Ltd., a private company incorporated under the laws of
the Federation of St. Kitts and Nevis.
2
The Royal St. Kitts Golf Club is not affiliated or related to the Royal St. Kitts Hotel or Trans-Americainvest (St. Kitts) Ltd..
3
The Property Map is an approximate visual representation of the Royal St. Kitts Hotel & Casino property; the names and use of the amenities and/or commercial facilities may be subject to
change.
4
The Royal St. Kitts Hotel is not advertising or guaranteeing the opportunity to make a profit on the appreciation of the condominium unit, but is merely advertising the transfer opportunities
that exist with holding legal title in perpetuity.
5
Tax policies and laws are subject to change at the sole discretion of the Government of St. Kitts and Nevis.
6
Fees are subject to change at the sole discretion of the Government of St. Kitts and Nevis. You should confirm the applicable fees with the relevant Government authorities prior to executing
any Contract for Purchase.
7
Timelines for processing applications are entirely dependent on the applicable Government authorities and may be changed at the Government’s sole discretion.
8
Documents must be in English or, if translated in English, must be accompanied by an authenticated translation completed by a professional translator. Any photocopies must be notarized
and properly certified.
9
Fees may be paid in the Eastern Caribbean Currency equivalent.
10
This fee is non-refundable in the event that your application is denied.
This fee is non-refundable in the event that your application is denied.
Please refer to section 2 of the Saint Christopher and Nevis Citizenship by Investment Regulations (No. 52 of 2011) for a definition who may qualify as a dependent to the main applicant.
11
12
Specific unit features and unit décor are proposed and subject to change. Individual units may vary. This advertising material is being used for the purpose of soliciting sales of a vacation
ownership and condominium plan. This is not directed to residents in any region or state in which a registration of the vacation ownership and condominium plan is required, but in which
registration requirements have not yet been met.