Saint Lucia is an island country located in the Eastern Caribbean and forms part of the Lesser Antilles. You can obtain citizenship for your spouse, dependent children (under 25), and parents (over 65) when applying for the Saint Lucian CBI program, but each dependent comes at an additional price. St. Lucia has the lowest donation amount and fees of any CBI program. St. Lucia Citizenship by Investment Program. Visit 145+ countries, including the EU, the UK, and Ireland. If by best you mean cheapest, then it’s the donation route that you should go with. That’s because they haven’t buddied up to Russia or China, or taken the more neutral route of the neighboring countries. For just $100,000 (plus fees), you can have your Saint Lucian passport in a matter of 3-4 months. CIP St Lucia citizenship programme offers five CBI investment options, including the COVID-19 bond option, a limited economic citizenship investor offer. The St Lucia citizenship-by-investment programme adheres to very strict regulations and guidelines. Money in the bank earns almost nothing now anyway, so if you have cash that you’re not investing, it’s a good deal. 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. Your email address will not be published. Second, Saint Lucia offers some of the more exotic investment options for those who don’t want to go the donation route. Finally, in the face of COVID-19 and its economic impact, St. Lucia has offered a deep discount on government fees and one of its best investment options. This organization is responsible for the countries in the MENA region, as well as other countries like Afghanistan, Bangladesh, Djibouti, Malta, Pakistan and Turkey. In order to be considered for a Saint Lucian citizenship, and the subsequent passport, you should: Good on the eligibility front? Buying real property in the Caribbean is a way to apply for a second passport. A piece of paradise on your horizon. Nearly 1 million people visit the country annually and it’s one of the top destinations for opulent weddings and swanky honeymoons. Each project is pre-approved by the government and featured on their. You must work with a government-approved agency to do this and to lodge an application. Before you apply, you should check if you are eligible. The Saint Lucia citizenship by investment programme was launched in 2016 to promote and attract foreign direct investment on the island. You can then apply for and receive your Saint Lucian passport in a week’s time. Why Invest in Saint Lucia 1 Strategic geographic location They know their CBI programs inside and out, and their advice for me to choose Saint Lucia was spot on. Now, however, applicants can qualify for St. Lucia citizenship by investing $250,000 in the COVID Relief Bond with a five-year hold period. Saint Lucia citizenship applicants get a valued St Lucia … These programs are not only become highly competitive but … The Nomad Capitalist team has helped hundreds of people create and execute holistic offshore plans to help them legally reduce their taxes, become dual citizens, and live the Nomad Capitalist lifestyle of success, 13 Premium Investment Immigration Programs for UNHWIs, 8 Second Passports and Residencies by Investing in Bonds. Making a one-time, non-refundable donation to the Saint Lucia National Economic Fund is the most popular way to obtain citizenship. Become a citizen of St. Lucia in the Caribbean and get a passport offering visa-free travel to 145+ countries. After all, there must be something to a tiny island-state that’s produced not one, but two Nobel prize laureates. Each additional dependent will cost an extra $15,000 (reduced from $25,000). Citizenship: After 7 years of permanent residency on the island, you can apply for St Lucia citizenship through naturalization. Moderate taxation. Do an initial due diligence check and gather your documents. 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. Save my name, email, and website in this browser for the next time I comment. Inheriting decades of experience from its island neighbours, St Lucia’s programme is an … SAINT LUCIA CITIZENSHIP BY INVESTMENT. Saint Lucia has masterfully positioned its Citizenship Investment Program to benefit the global elite. The Act enables individuals and families to acquire Saint Lucian citizenship upon making a qualifying investment. Located in the Lesser Antilles it sits with the eastern Caribbean Sea on one side and the Atlantic Ocean on the other.Covering a land area of 617 square kilometres (238 square miles), it is home to around170,000 people, a large percentage of whom reside in the capital, Castries. A certification from the police department of the applicant’s country of birth, or … Extensive due diligence has been the hallmark of the Saint Lucian program. Invest $250,000 in government bonds and hold 5 years. 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. Can you give me your good recommendations ? 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. You’ll want to recoup your investment at some point, won’t you? Compare that to other jurisdictions like Dominica, where CBI income accounts for roughly 50% of its GDP, and you’ll start noticing just how careful and calculated the Saint Lucian government has been. What is a CBI program? Complete investments after receiving citizenship application approval. Located in the eastern Caribbean Sea on the boundary with the Atlantic Ocean, St. Lucia’s coast is home to spectacular beaches, reef diving sites, fishing villages, and lavish resorts. Saint Lucia Citizenship Investment Program offers the investor four choices for investment in exchange for citizenship, as follows; National Economic Fund Saint Lucia National Economic Fund is a special fund established under Section 33 of the Citizenship by Investment Act for the sole purpose of receiving qualifying investments of cash, for funding approved government sponsored projects. All of Europe, lots of Central and South America, as well as Hong Kong, Singapore, the UK, and Ireland are included. Why not shift to St. Lucia and get exemption on taxes in various departments like capital gains and more. In fact, it has sided with Taiwan on the international scene, probably delaying China’s visa-free access indefinitely. In May, government officials in St. Lucia introduced a new option under its Covid-19 Relief Bond to gain citizenship through bond investments. A non-refundable admin fee of $50,000 will be charged, The caveat is that you can’t just dream up the investment projects. In total, a solo applicant going for the real estate option will shell out, . Inclusion of dependent children under 25. Polaris Citizenship & Investment Consultancy Since 2016 Polaris has helped a diverse group of foreign nationals make the paradise that is St. Lucia their second home through a hands-on, personalized and bespoke approach to citizenship by investment advisory and application services. Applicant with up to 4 dependents, 7-year hold. , but the hold period is extended to six years. of approved real estate developments that you can invest in. Previously, investors were required to invest at least $500,000 in government issued non-interest-bearing bonds and hold them for at least five years. . SAINT LUCIA Citizenship by Investment Program: Official Government Website: https://www.cipsaintlucia.com: Investment Type (Minimum amounts indicated) Donation to National Economic Fund (NEF) $100.000: Real Estate Investment: $300,000 (+ $50,000 Government Fees) Entreprise Investment: $3.500.000: Restriction on dual citizenship… LIST OF DOCUMENTS REQUIRED TO SUBMIT AN APPLICATION UNDER THE CITIZENSHIP BY INVESTMENT PROGRAM OF ST. LUCIA . You can proudly show off a really nice passport to a country dripping in luxury and beaches rivaling those of the Cayman Islands. It’s not usual that you get to buy a passport in a country that holds the title for the most Nobel Prize laureates per capita. 14 of 2015. A family of four will can also access the discounted price of $250,000 for a six-year hold period, or they can increase the investment amount to $300,000 and reduce the hold period to five years. Saint Lucia will process your application in 3-4 months. Dual citizenship allowed. As one of the investment criteria for investment applications for citizenship of Saint Lucia, application can be made through an investment in Government Bonds. Applicant with up to 4 dependents, 5-year hold. 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. Pay the due diligence fee and the registration fee (real estate option). Taking on board the best practises, Saint Lucia launched its citizenship by investment program in December of 2015. 0-14: 20.35%, 15-24: 15.88%, 25-54: 42.97%, 55-64: 9.58%, 65+: 11.22%. So, the country set up a citizenship by investment program that requires applicants to make a ‘significant economic contribution’ in exchange for a passport. If you’re applying as a couple, the price has also been reduced to $250,000, but the hold period is extended to six years. The passport affords visa-free travel to over 140 countries and offers two … There is an administration fee of US$50,000 per government bond option attached to the application. The pros and cons of a particular passport will also differ. Castries The Citizenship by Investment Program of Saint Lucia came into existence in 2015 under the regulations of the Citizenship by Investment Bill 2015. In the Doing Business Report, Saint Lucia currently ranks as the 77th country of 183. The size of the family will determine the bond amount you must invest in. Invest only after getting approved. Parliamentary democracy (Parliament) under a constitutional monarchy and Commonwealth realm. We’ve helped dozens of people obtain their Saint Lucian passport in the past, and Andrew has personally obtained Saint Lucian citizenship too. . St. Lucia is located in the Caribbean between the Caribbean Sea and the North Atlantic Ocean. Incorporating the best practices from surrounding CBI schemes, it offers many advantages for investors and residents alike. 4. • Attractive tax regime. Your email address will not be published. Saint Lucia might be a newcomer in the CBI world, but it definitely has a leg to stand on. . It should be noted that you can add dependents for five years after your own application gets approved, for the additional administrative and due diligence fees. Such applicant must own and maintain the property in question for a minimum of five years. St. Lucia offers four different investment options to qualify for citizenship. In order to obtain Saint Lucia second citizenship, a series of St Lucia citizenship requirements must be met first. • Short investment period. Saint Lucia is an island that is located in the Caribbean Sea. This makes St. Lucia much more competitive, especially for applicants with families. There is also a drive-in volcano, rainforests, national parks, botanical gardens and, of course, the beaches. To qualify for citizenship, you can either make a minimum donation of $100,000 to the government, purchase real estate on the island starting from $300,000 or make an investment from $250,000 in government bonds. Your citizenship is for life. Currently five island nations in the Caribbean operate Citizenship by Investment programs: Antigua & Barbuda, Dominica, Grenada, St Kitts & Nevis and St Lucia. There won’t be an interview to obtain the passport, nor are there any tests that need to be taken. A qualifying investment must satisfy the minimum investment level in either the Saint Lucia National … If you would like to learn more about this new path to second citizenship, contact Savory & Partners, a government-authorised agent that specialises in granting citizenship through investment to High-Net-Worth individuals in the Middle East and beyond. Plus, in the few short years that it’s been in operation, the Saint Lucian CBI has earned itself a solid reputation. Invest a minimum of $3.5 million in an enterprise project. No tax on income from abroad, and no wealth or inheritance taxes. It will help to have a handsome figure in the savings account even after investing in the bonds or real estate market to procure citizenship.
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