Some CBI programs will demand that you make the investment before you get approved for their citizenship. Once approved, you’ll receive a Letter of Approval. Its high standards and stringent due diligence measures have made Saint Lucia’s CBI program highly regarded. Dual citizenship allowed. Just in case you ever decide to visit or reside in Saint Lucia, let’s talk about the great quality of life there. The applicant must: Be over 18 years old. The Saint Lucian government will take approximately 60 to 90 days to approve your application. We’re not saying it’s necessarily bad, but it’s a distinguishing factor between the two nonetheless. It must be carried out within 90 calendar days after the Letter of Approval is issued. St Lucia citizenship by investment. East Caribbean dollars (XCD), tied to USD (1 USD = 2.7 XCD). You’ve got options. No amount of tourism or crop diversification was ever going to get Saint Lucia’s economy where it needs to be. This does exclude any agency fees, but these are going to be the same, no matter which CBI program you go for. It is simply a superb globally respected CIP program,. No interview, education or managerial experience required. “Going the donation route was a no-brainer. Requirements to be eligible to apply for St. Lucia Citizenship (Passport) Investor must have a minimum age of 18, However, the few cons that remain are all related to its newness and its unique approach to international affairs. Part of the Lesser Antilles, it is located north/northeast of the island of Saint Vincent, northwest of Barbados, and south of Martinique. As long as St. Lucia doesn’t “go Argentina” and default on bonds, you will get that money back in five years. . St Kitts and Nevis, St Lucia, Dominica, Grenada, and Antigua and Barbuda all offer easy citizenship-by-investment – is there a hitch? At just $100,000 (plus fees), you could get access to over 145 countries visa-free, get all of the tropical benefits, and enjoy your Saint Lucian passport for the rest of your life. Saint Lucia citizenship benefits will provide peace of mind in an every changing world. Visa-free travel to more than 100 countries, including Hong Kong, Singapore, the UK, and Europe’s Schengen Area. Simply put – Saint Lucia doesn’t deal with people who have any ‘issues,’ no matter how small. It’s a new program. With virtually no traffic and a tropical climate year round, Saint Lucia certainly is inviting. All family members can obtain citizenship within 3-5 months. St. Lucia is located in the Caribbean between the Caribbean Sea and the North Atlantic Ocean. The total investment, including all fees, for a single person applying is thus $109,500. Established in 2016, the St Lucian citizenship by investment programme is the newest in the Caribbean. As one of the investment criteria for investment applications for citizenship of Saint Lucia, application can be made through an investment in Government Bonds. . No residency requirement. There won’t be an interview to obtain the passport, nor are there any tests that need to be taken. Hold no criminal record. The Citizenship by Investment in St Lucia is so unique and one of a kind completely different from other Caribbean CBI programs . Saint Lucia has masterfully positioned its Citizenship Investment Program to … You can travel to over 145 countries visa-free with your Saint Lucian passport, including all of the EU, the UK, Ireland, Singapore, Hong Kong and many others. The St. Lucian Citizenship Investment Program is governed by the Citizenship by Investment Act No. Comparable to other Caribbean islands, Saint Lucia also has a vibrant international offshore sector, allowing people to participate in all areas of financial services, for instance, the creation of international companies and opening of trusts. The St Lucia citizenship by investment program requires the investor to apply through an authorized agent and invest in government funds or approved real estate projects, business ventures, or government bonds. A certification from the police department of the applicant’s country of birth, or certification from the applicant’s country of residence for at least one year during the 10 year period immediately preceding the submission of the CIP application; Find out about the key advantages of acquiring St Lucia citizenship by investment, your key to stress-free travel in Europe and beyond. Benefitting from the decades of experience other Caribbean CIPs have, St. Lucia has had the advantage of implementing only the best practices of each one. It’s a safe and stable country: Saint Lucia is a member of the UN, CARICOM (Caribbean Community), and various other Caribbean-based unions. If you’re a sole investor, you will need to spend a minimum of $3,500,000, but if you’re making the investment together with partners, you will each need to contribute at least $1,000,000 and a total of $6,000,000. Saint Lucia also removed multiple bureaucratic hurdles and shortened the total application to passport time to 3-4 months, without decreasing the level of due diligence on applicants. Extensive due diligence has been the hallmark of the Saint Lucian program. With the most varied investment options, Saint Lucia caters not only to those who want to buy a citizenship fast, but also to those who want to create actual ties with the country and help its economy develop. This organization is responsible for the countries in the MENA region, as well as other countries like Afghanistan, Bangladesh, Djibouti, Malta, Pakistan and Turkey. Finally, the most exotic option of them all are enterprise projects. Protecting our clients’ privacy is important to us. For just $100,000 (plus fees), you can have your Saint Lucian passport in a matter of 3-4 months. In order to obtain Saint Lucia second citizenship, a series of St Lucia citizenship requirements must be met first. In the Doing Business Report, Saint Lucia currently ranks as the 77th country of 183. For single applicants, it’s really one of the best CBI programs to participate in. Our team has years of experience assisting with St Lucia citizenship programs to the people of UAE, Saudi Arabia, Jordan, Kuwait, Egypt and Qatar. The administration and due diligence fees, especially the $50,000 fee for alternative investment options other than the donation to the development fund, put Saint Lucia at a higher fee price-point than its neighboring countries. While Antigua and Barbuda will work better for some people (e.g., larger families), Saint Lucia offers one of the lowest points of investment if you’re a solo applicant. Usually, countries will only ask you to do one of those things, but there are exceptions (e.g., Just in case you ever decide to visit or reside in Saint Lucia, let’s talk about t. : banana production and tourism. St Lucia is one of the newest countries in the Caribbean to offer a citizenship-by-investment program, making it one of the best destinations for foreign investors who want a second passport. Your key investments in Saint Lucia will pave way for Saint Lucia citizenship and a passport to the world. How to start and apply for that program. In addition, the Saint Lucian government has run the program differently than its neighbors. A non-refundable admin fee of $50,000 will be charged, The caveat is that you can’t just dream up the investment projects. The Government of Saint Lucia shall be the registrar and paying agent for the securities. Today, Saint Lucia’s citizenship by investment program accounts for a healthy 4% of its GDP. There weren’t many takers when the program had a wealth check: you had to be worth at least $3 million in order to apply. All foreign investors and families qualify for St lucia citizenship under real estate investment scheme, which requires a minimum USD 300,000 purchase of approved property (full or limited share) in St Lucia in Hotels, Resorts, Luxury home in Saint Lucia. We offer specialist legal advice to the high net worth individuals from outside St Lucia to settle down with their family and establish a business through "St Lucia's Citizenship-by-Investment program". You’ll want to recoup your investment at some point, won’t you? As an added bonus, there are a few top restaurants that cater to Saint Lucia’s discerning populace. If you are interested in the newest and arguably the best-positioned citizenship by investment program in the Caribbean, you need to consider Saint Lucia. Not only is Saint Lucia a highly-reputable option when it comes to obtaining a, Sure, there are already programs in countries like, While Antigua and Barbuda will work better for some people (e.g., larger families), Saint Lucia offers, Some will want you to donate to a development fund, Others will let you buy real-estate (sometimes from a pre-approved list only), Some offer an option to buy bonds or another financial instrument, and, Occasionally, you will be asked to set up a local company and employ locals. An applicant and accompanying family may also opt to invest in Saint Lucia government bonds with approval of the Program. ... St. Lucia admin-erdem 2021-01-26T13:46:31+00:00. The opposite is true in Saint Lucia – you’ll only be spending real money after you’re approved for and receive your naturalization certificate. St lucia is an eastern caribbean nation located on the south east coast of North America. Plus, in the few short years that it’s been in operation, the Saint Lucian CBI has earned itself a solid reputation. Investors are required to invest at least $500,000 in government issued non-interest-bearing bonds and hold them for at least five years. The Government of Saint Lucia will issue 5/6/7-year zero-coupon Government Bonds to prospective investors applicants under the Citizenship by Investment Program (CIP). It has positioned itself as a somewhat ‘Western’ passport, which certainly makes it appeal to some. Given the newness of the program, there are currently only a handful of real estate properties on there. For example, the country’s lack of administrative efficiency caused the Range Development company to stop their plans of building a Ritz Carlton in Saint Lucia and go for a development in Grenada instead. Vibrant offshore sector. It came into full effect on January 1, 2016, based on the Citizenship by Investment Act (Act No. This is, of course, problematic for a country that wants to grow its GDP and improve the lives of its population. No 3 of 2016. The Citizenship by Investment Board in its commitment to transparency and development, hand-picks only the best practices from the most committed investors to ensure that every party gets nothing but the best. This makes it the second best in the Caribbean region – a remarkable result. That’s especially true if you’re going the actual investment (and not the donation) route. Applicant with up to 4 dependents, 7-year hold. The full payment of the total investment amount will be done at this point. Such applicant must own and maintain the property in question for a minimum of five years. Moderate taxation. There are two main fees: With this option, you can essentially donate $50,000 and invest $500,000 in government bonds with no interest for five years. Saint Lucia is an Eastern Caribbean island nation on the boundary with the Atlantic Ocean. In the Doing Business Report, Saint Lucia currently ranks as the 77th country of 183. Invest $250,000 in government bonds and hold 5 years. There is no income tax for revenue derived from abroad, no inheritance and no wealth taxes either. Alternatively, if by best you mean the investment that allows you to recoup the principle, it’d be the government bonds option. • No physical presence required & no minimum stay required. Just in case if my lawyer is ok, I will let you know you later. St Lucia Citizenship By Investment Program logo. Everyone who obtains a Saint Lucian citizenship by investment will hold their passport for life. Out of respect to those who engage our services, we don't provide personalized advice or referrals unless you engage us. St Lucia Covid-19 Relief Government Bonds July 21, 2020 The Government of Saint Lucia will issue 5/6/7-year zero-coupon Government Bonds to prospective investors applicants under the Citizenship by Investment Program (CIP). You can travel to over 145 countries visa-free with your Saint Lucian passport, including all of the EU, the UK, Ireland, Singapore, Hong Kong and many others. The resorts and hotels that are geared toward the creme de la creme of society are telling signs. PASSPORT INVESTMENT. Could you please let me know what the average cost of “agency fees” are like? It will take 3-4 months to get your Saint Lucian passport. Saint Lucia might be a newcomer in the CBI world, but it definitely has a leg to stand on. St. Lucia offers four different investment options to qualify for citizenship. Plus, it has sided with Taiwan in international affairs, which means its China access is far, far away. All information is treated with the highest confidentiality and subject to our privacy policy. SAINT LUCIA CITIZENSHIP BY INVESTMENT. If by best you mean cheapest, then it’s the donation route that you should go with. The administration and due diligence fees, especially the $50,000 fee for alternative investment options other than the donation to the development fund, put Saint Lucia at a higher fee price-point than its neighboring countries. When investors invest in Saint Lucia’s bond, they qualify for the citizenship and after the prescribed time, are guaranteed the return on investment as well. And third, Saint Lucia certainly has a different vibe than it’s closest CBI rival of Dominica. It has meant rejecting a fair few applicants and even revoking the citizenships of six of its own naturalized citizens due to acts committed by them. You can proudly show off a really nice passport to a country dripping in luxury and beaches rivaling those of the Cayman Islands. 5 years if you invest in property or government bonds. The government of St. Lucia launched its citizenship by investment programme on 1st January 2016. There won’t be an interview to obtain the passport, nor are there any tests that need to be taken. An applicant may choose to invest a minimum of US$3.5 million in an approved enterprise project and create at least three jobs in the country. Complete investments after receiving citizenship application approval. Jovana is our lead R&D Associate at Nomad Capitalist. Learning from its close neighbors and their CBI programs which had run for decades, Saint Lucia could really pick and choose which aspects to include in their own program. High fees. Including spouse, children, parents and siblings. All of Europe, lots of Central and South America, as well as Hong Kong, Singapore, the UK, and Ireland are included. The commitment goes further to include the provision of unrivaled advantages to the investors which in turn benefits the country and its people. • Short investment period. Charles Airport and Hewanorra International Airport. St. Lucia. Hello Sir, Please please delete my email and cancel everything as soon as possible. Sometimes, border patrol officers can be funny and a lesser known passport such as Saint Lucia can mean that they take extra time and care checking you out before they admit you into their country. Saint Lucia is tied for the 59th spot on our. Not only does it mean my wife and I can now enjoy visa-free travel to all of Central and South America, but I can also expand my manufacturing business in the EU.”, “Andrew and his team at Nomad Capitalist are simply the best in the second citizenship business. The St. Lucia's Citizenship by Investment Programme was established in 2015 to boost country's economy.The government launched the program on 1st January 2016, making it the newest Caribbean CIP. Prices start from USD 100,000 and passports can be acquired in as little as four months. No global income, dividends, wealth and inheritance tax. Saint Lucia citizenship by investment program allows you and your family of four members to migrate to the Eastern Caribbean Island. It will take 3-4 months to get your Saint Lucian passport. Invest only after getting approved. West Indies. Citizenship by investment in Saint Lucia is available through three options. Inclusion of mentally or physically challenged dependent children and/or parents. There are many more rules and regulations that depend on the jurisdiction. How are you ? Simply put, a CBI program is set up and run by a government that wants to get investment capital it might otherwise not get. St Lucia has launched new citizenship by investment program as of Jan 2016. Following a minimum government donation of $100,000 + fees, investors can gain citizenship and become Saint Lucian passport holders. Invest a minimum of $3.5 million in an enterprise project. I am a chiropractic physician, what are my job opportunities, as well? Although it’s one of the newest CBI programs on the global scene, it has already been through multiple changes. Saint Lucia recognizes dual citizenship, so you won’t have an issue obtaining and having two passports, ever. St. Lucia is one of the lushest and most picturesque islands in the Caribbean: an ideal spot for vacationers or investors looking for a second home. The island paradise that is Saint Lucia gained its independence from the United Kingdom back in 1979, but remains part of the Commonwealth. Of Act no are the most cost-effective options for our clients ’ privacy is important to US fee... 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