Exhibit 21

SUBSIDIARIES OF SUNVESTA, INC.

		SunVesta Inc.
		SunVesta Holding AG Switzerland 100% owned
				|	|
SunVesta Projects & Management AG Switzerland 100% owned	SunVesta Costa Rica Limitada Costa Rica 100% owned		Rich Land Investments Limitada Costa Rica 100% owned	Sun Vesta Holding  Espana SL. Spain 100% owned	Altos del Risco SA Costa Rica 100% owned

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