Savannah Wild Residence

Become a resident of Kenya
and enjoy the world's most beautiful (economic) climate!

Savannah wild is an approved project by the Board of Investments under the Investment Promotion (Real Estate Development Scheme) Regulation of 2007 – which means that foreign buyers and their immediate families will qualify for permanent Kenyan residence.

Kenya already attracts around 900 000 tourists per year and aims to increase tourism by 50% over the next five years, with its new airport recently opened, upgrades to the road network constantly in progress and an ever-increasing number of new shopping malls and entertainment facilities.

The island is connected to the SA-SAT-3 fibre optic cable, enabling high bandwidth connectivity with Europe and Asia. This, coupled with the fact that there are daily flights to Europe, South Africa and Asia, means that Kenya is ideally positioned to do business on an international level.

Kenya has been recognized as the one of the best-administered economies in Africa and offers an ideal environment in which to do business. This is partly due to the low level of taxation, with a flat corporate tax rate of 15%. In addition, there is no inheritance tax, no capital gains tax and Double Taxation Agreements have been concluded with 33 countries, including the United Kingdom, France, South Africa, India and China.

PAYMENT SCHEDULE


The selling price is payable in accordance with the schedule below and all the terms and conditions of the sale are detailed in the CRP.

Payment of the selling price tranches is dependent on the level of construction reached at the time of your purchase.

Payment of the sale price is generally payable in installments as follows:

  • 10% deposit payable within 15 days of signature of the CRP;
  • 15% payable within 15 days after the Promoter has advised you that the project is going ahead;
  • 10% upon signature of the Deed of Sale;
  • 35% at completion of the structure;
  • 25% at completion of the construction;
  • 5% and upon delivery of the Unit.

The above percentages are upper limits (and can therefore be divided into smaller tranches) payable as works progress against progress certificates issued by the architect, quantity surveyor or principal agent.