Introduction- Saint Lucia Citizenship by Investment Program
In 2015, Saint Lucia launched its Citizenship by Investment program, drawing on years of experience from other Caribbean nations that also have such programs. It is made to be the most effective program for the applicants, utilizing best practices in its design. In exchange, it enables international investors to get a second passport and permanent legal citizenship.
The Citizenship by Investment (CBI) program in Saint Luci is a great chance for people looking to get a second passport. The eligibility requirements, which include due diligence investigations to preserve the program’s integrity and reputation, should be understood by prospective applicants. Contributions to the National Economic Fund, real estate investments, government bond purchases, and investments in authorized enterprise projects are among the investment avenues made available by the St. Lucia CBI program.
Qualifying for Saint Lucia Citizenship:
To obtain citizenship in St. Lucia via investment, candidates must meet certain eligibility requirements. These requirements make sure that the citizenship process can only be initiated by those who satisfy the legal and regulatory requirements of the country. Dependent children under the age of 30and dependent parents above the age of 65 may also be included in the application.
- The primary applicant for Saint Lucia citizenship must be at least eighteen years old
They must demonstrate the source of the investment’s funds.
Must undergo due diligence checks to be approved.
Background Checks
Benefits of Saint Lucia Citizenship by Investment:
Applicants for Saint Lucia citizenship are not obligated to reside in or visit the country, and they are not required to undergo language tests. Saint Lucia passport holders enjoy the privileges of voting, purchasing real estate, and residing and working in the country.
he benefits for holders of a Saint Lucia passport include:
- Visa-free entry to over 140 countries and regions, including the UK and the Schengen Zone
- Inheritance of citizenship by newborns
- Permission for dual citizenship
- Exemption from taxes for non-residents.
- Passport and Global Travel
The passport of Saint Lucia is an effective travel document that grants entry to over 146 locations without the need for a visa or upon arrival. This covers the UK, all the Schengen Area, and important business hubs like Hong Kong. Holders gain from greater flexibility in travel, making both business and leisure travel easier.
- Quality of Life
Obtaining a St. Lucian citizenship allows one to live a luxurious lifestyle. The Caribbean Island is renowned for having top-notch educational and medical facilities. It is the ideal setting for individuals and families looking for a quiet lifestyle combined with the financial advantages of an area that is favorable to investments since it is safe, stable, and tranquil.
- Tax Advantages
The island nation offers its residents an enticing tax structure. There isn't a wealth tax, inheritance tax, capital gains tax, or global income tax. Due to its fiscal policies, which safeguard wealth while fostering growth, St. Lucia is a desirable destination for investors looking for tax efficiency.
Why Saint Lucia?
Living in St. Lucia provides a desirable Caribbean lifestyle along with a plethora of financial prospects. The business climate, community life, and real estate necessities that together make island living an alluring option for both residents and investors are covered in this section.
Application Process for Obtaining a Saint Lucia Passport
The application process for the Saint Lucia Citizenship by Investment program entails several rigorous steps, specific document submissions, and a comprehensive background check and due diligence procedure.
Application and Acquisition of Saint Lucia Passport
- Preparation and Submission: Applicants compile all necessary documents and complete required forms.
- Investment Decision: Choose an appropriate investment option from the available choices.
- Payment of Fees: Pay due diligence and processing fees.
- Official Submission: Submit all forms and documents to The Saint Lucia Citizenship by Investment Unit (CIU).
Due Diligence and Background Check
Thorough background checks and due diligence procedures are conducted to ensure applicants meet the program’s integrity standards, including:
- Criminal Record: Verification of a clean criminal history.
- Financial Integrity: Confirmation of a stable financial background and legitimate funding sources.
- Personal History: Examination of professional and personal background.
Final Decision
- The government of Saint Lucia will send a letter with the final decision.
- You make your investment in the program you have chosen.
- You will receive your Certificate of Naturalization – you are now a citizen of Saint Lucia.
Saint Lucia Citizenship by Investment Options
The National Economic Fund (Donation)
Financed by the government, the National Economic Fund (NEF) was established to support initiatives. Depending on the number of dependents listed on the application, this is a non-refundable contribution of $240,000 for applicant alone with up to three other qualifying dependents.
Real Estate Investment
The main applicant must Invest at least US $300,000 into a Saint Lucian real estate project that has been approved by the government. After being granted citizenship, the investor must retain ownership of the property for a minimum of five (5) years.
National Action Bond
Applications for citizenship of Saint Lucia can be made through an investment in the National Action Government Bonds (“NAB”).
The bonds are non-interest bearing, and must be registered and remain in the name of the applicant for a five-year holding period from the date of first issue.
Applicant applying with any number of dependents:
US$ 300,000
An additional, non-refundable administration fee of US$ 50,000 is applicable.
