Saved the best till last and the lucky owners will have a prime piece of the best-regarded Condominium Development on the island of St. Kitts!

Welcome to Silver Reef, St Kitts

Silver Reef's setting is near perfect, in the heart of the coveted Frigate Bay district and with the island's most popular beach only a stone's throw away.

Welcome to Silver Reef, St Kitts

Silver Reef's setting is near perfect, in the heart of the coveted Frigate Bay district and with the island's most popular beach only a stone's throw away.

Built on a natural rise the apartments have enviable panoramic views - of the rugged Atlantic Coast to the left and the stunning shoreline of the Caribbean sea to the right. In front, the gardens join to the fairways of the prestigious Royal St Kitts Golf Course.

Silver Reef is a designated real estate project approved under the Citizenship by Investment Program of the Federation of St. Kitts and Nevis and investors in Silver Reef become eligible to apply for economic citizenship.

This stylish, boutique development is ideal for owners wanting to combine a home in the sun with a shrewd investment - a fully furnished, turnkey operation with minimum fuss and maximum rental income.

Silver Reef offers brand new, competitively priced, ready to move in apartments in a stunning location, available now. Please contact us for any further details and information - we'll be happy to help.

All properties authorized by
the Government of St.Kitts and Nevis
as an Approved Project
for Citizenship-by-Investment

Silver Reef Brochure

Indigo Properties Plus Management

Indigo Properties Plus look after the lettings, management and rentals on behalf of owners of apartments at Silver Reef who wish to receive an income from their property

A partnership with IPP affords clients the chance to benefit from our vast network of industry professionals, intimate knowledge of the island and superior service in the area of sales, marketing, and the general operation and maintenance of the Silver Reef Development. Our objective is to ensure that your property is managed in a responsible and economically sustainable manner whilst providing and maintaining superior service and facilities.

The company is led by Miss Tracy Thompson, a highly respected professional in the Hospitality and Service Industry with over 12 years experience in Hotel and Resort Management. Miss Thompson is a graduate of the University of Huddersfield, England, with a BA (Hons) degree in International Hospitality Management. She has also been actively involved with the Silver Reef Project since its inception, as Office Manager, and directly assisted in ensuring that all local requirements were met as the project evolved.

Citizenship

Citizenship Planning Information
The Citizenship-by-Investment Program of St Kitts and Nevis was initiated in 1984, making it one of the longest running programs of this kind in the world. Several countries have adopted programs which allow the acquisition of citizenship on the basis of an investment and/or a direct contribution to the state as a means of development of the country but the Federation has an established track record of allowing individuals to acquire alternative citizenship and to legally obtain a second passport.
St. Kitts is one of the countries of the Eastern Caribbean where there is a well-functioning government sponsored citizenship by investment program, allowing foreign nationals a fast track to full citizenship through investment in approved projects on the island. Under this program, persons making a minimum investment of USD $200 000 or $400,000 in an approved project are eligible to apply for citizenship in the Federation. Properties purchased through the program can be sold and used for subsequent applications after 7 or 5 years accordingly.
Silver Reef St. Kitts is one of these approved projects which allow purchasers the option of seeking citizenship in St. Kitts and Nevis. Applicants are required to retain the services of a lawyer based in St. Kitts to prepare their application. The review process normally takes between 4 to 6 weeks, but applicants are not required to personally attend any interviews in St.Kitts.
Government fees are $35,000.00 for the main applicant, and $20,000.00 for spouse, 10 000 $ for minor dependents, and $10,000.00 for dependents over 18 years. The due diligence fee is $7,500.00 for main applicant and $4,000.00 for persons over 16 years.

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To qualify for citizenship, the government requires applicants to make an investment in designated, officially approved, real estate with a value of at least US$ 400,000 plus the payment of government fees and other fees and taxes.

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The regulations regarding citizenship-by-investment in St. Kitts & Nevis are contained in the Saint Christopher and Nevis Citizenship By Investment Regulations made by the Minister under section 15 of the Citizenship Act, Cap 1.01 (published 15th September 2011 - Official Gazette number 48 of 2011). These provisions allow the government to operate a program under which citizenship is granted to persons who qualify under criteria set by cabinet Requirements and Procedures.
Besides this investment requirement, the following processing and due diligence fees are payable to the Government of St. Kitts and Nevis:
US$ 50,000 for the main applicant
US$ 25,000 for the spouse
US$ 25,000 for any dependent children below the age of 18
US$ 50,000 for any dependent and unmarried children older than 18 but younger than 25.
Children over 18 years but below 25 must be in a full time learning institution and fully supported by parents.
US$ 7,500 due diligence fee per person older than 16 included in the application
US$ 5,000 application fee payable before an application can be made
Additionally to these fees, real-estate buyers should be aware that there are also purchase costs (mainly compulsory insurance fund contribution and conveyance fees) of approximately 4 – 5% of the purchase price. Only villas and condominium units from an approved developer such as Silver Reef will qualify for citizenship. The real estate cannot be re-sold until 5 years after the purchase, but after that will qualify the next buyer for citizenship.

The appropriate registration and background check fees must be paid to Government at the time of making the application. Funds to pay for the required investment must be paid to an Escrow Agent by the applicant. These funds will be held in an Escrow Account with a bank in St. Kitts. These funds will only be released by the Escrow Agent to pay for the required investment if the application is accepted by Government.

If the application is not accepted, the registration fees paid to Government and the funds for the payment of the required investment will be returned to the unsuccessful applicant. Please note that fees paid to Government for background checks are not refunded.
Every citizenship application must be made on the prescribed form which must be submitted together with various documents relating to the applicant's identity, civil status, criminal record, financial resources, and health. All documents must be in English or translated into English, and all photocopies of any document submitted must be notarised and properly certified.

The following forms and documents are required from each applicant, including children:
Photograph and Signature Certificate (Form C2).
Medical Certificate (Form C3) including original results of an HIV test (an HIV test is required for all persons applying for citizenship, including children). The HIV test results must be not older than 3 months.
Certified copy of your current passport(s) showing name, photo, citizenship/nationality, date and place of issue, expiry date, and passport number and issuing country.
Certified copy of your current national identity card(s).
Six original passport-size photos of yourself taken within the past 6 months.
Original excerpt of full birth record or certified copy of full birth certificate (i.e. a birth document that also includes your parent’s details, or a household register, family book etc.).
Original police certificate(s) from country of citizenship (unless you can provide satisfactory evidence that you have never lived there) and from any country where you have lived more than 1 year over the past 10 years. Police certificates must be less than six months old at the time you lodge your application.

The following forms and documents are required only once from the main applicant:
Investment Confirmation / Escrow Agreement (Form C4-S or C4-R) and confirmation of funds having been wired to an escrow account. Also, in the case of Form C4-R, a copy of the executed real-estate contract.
One original bank reference letter issued by an internationally recognized bank, not older than 6 months.
One original professional reference (e.g. from an attorney, notary public, chartered accountant or other professional of similar standing), not older than 6 months.

The following documents are required only if applicable, i.e. if married persons apply together:
Original excerpt of marriage record or certified copy of marriage certificate(s) (if applicable).
Certified copy of divorce document(s) (if applicable).

Dual Citizenship

Citizens of St. Kitts & Nevis are allowed to hold dual citizenship, and the acquisition of citizenship is not reported to other countries. As citizens of St. Kitts & Nevis, your passports will allow visa-free travel to more than 60 countries worldwide.
You have the right to take up residence in St. Kitts & Nevis at any time and for any length of time. You are not liable for taxation, even if you decide to reside in St. Kitts & Nevis, as there are no direct taxes.
As a Commonwealth Citizen, you receive certain preferential treatment in the United Kingdom. For example, your children may enter the United Kingdom to study without first having to apply for student visas. After studying, they may work in the United Kingdom for two years without needing a work permit.
St. Kitts and Nevis passport holders will no longer need visas to travel to Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden and the UK.
There is no personal income tax, net worth tax, gift tax, or estate duty but persons who are resident in St. Kitts and who remit payments to non-resident persons must withhold 10% from rent, profits and other types of payments.
Investors purchasing a Silver Reef property will be exempt from paying the normal Alien Land Holding License of the purchase price applicable to non-residents.
Strong off-shore banking and financial services infrastructure ensures investments are managed discretely and professionally.
A very strong rental market guarantees rental income. Three universities insulate the market and keep demand high in all sectors. Plus St Kitts’ visitor numbers are predicted to rise year on year as the government’s significant investment in the tourism infrastructure takes hold. Investor’s choosing to enter their units into the rental pool can expect an average yield of 8% per annum at current prices.

We are not able to act as advisors in the proper procedures with regards to application and any information supplied here is for information purposes only. We do not take responsibility for any errors or omissions as information is for a guideline only and is subject to change at any time.

Please contact Joy Wilson, Sales and Marketing Assistant, Silver Reef St Kitts

joy@silverreefstkitts.com

News

The condominium of Silver Reef currently comprises 12 blocks that provide 90 completed apartments, all of which are already sold out and fully occupied.

Blocks Kalypso (K) and Leeward (L) represents the final phase and the last opporrtunity to stake a claim.

Phase One is complete and occupied. Phase Two is well progressed with construction on site due for completion in October and November, 2015.

Block K is still about a month ahead of Block L.

Possibilities:
(a) ‘breaking ground‘ January 2015.
(b) structure up to roof ridge (K in June, L in July).
(c) shell completed (roof complete and windows in) (K in June, L in July).
(d) internally fitted out and fully equipped and rooms furnished ready for occupation (K in October, L in November).

Kalypso and Leeward Houses are scheduled to complete in October and November, 2015.

Our Team

Tracy Thompson

Letting Agent

Tracy is presently employed as Office Manager for the project and was brought on board at such an early stage of the development in order to have the added advantage of not only working on the project from the ground up but also to form relationships with the owners and suppliers. She is suitably qualified with a BA(Hons) degree in International Hospitality Management and brings to the development over 10 years of experience in hotel and resort management.

Joy Wilson

Sales and Marketing Assistant

Joy is our Sales and Marketing Assistant responsilble for all onsite sales. She works from our onsite marketing facility Monday to Friday.

If you are on island and would like to arrange an inspection or discuss latest availability please contact Joy and she will be pleased to help.

Tel: +1 869 465 3112

Fax: +1 869 466 8123

joy@silverreefstkitts.com

PO Box 1982, Basseterre, St Kitts, West Indies

Sebastian Mottram

Project Manager

A Project Manager with a proven track record of success across an eclectic spectrum of projects, ranging from bespoke houses in remote and difficult locations through to award-winning commercial office buildings.