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Citizenship Investment Services Ltd

Compare Caribbean Citizenship Programmes

Citizenship in exchange for investing in Hotels have become a new trend in recent years. There are currently close 10 countries that offer instant passports for buying hotel rooms. The highly popular Quebec Immigrant Investor Program , which can eventually lead to Canada economic citizenship, has been suspended until April 2023.

st lucia citizenship

These Covid-bonds are a much cheaper alternative to the other government bond options from St. Lucia. St. Lucia’s donation option is one of the best and cheapest second passport options for a single person right now in the Caribbean. Keep in mind that you’ll also have to pay a commission to a registered agent who will lodge your citizenship application with the government. After the return of that capital, without interest, you could get a passport and second citizenship from St. Lucia for as little as the filing fee, $37,500 for a single applicant.

Citizenship Of Saint Lucia

If a family of five or more people participates in the program, the investor pays $15,000 for each additional dependent. The government of St. Lucia officially launched Saint Lucia’s Citizenship By Investment Program on Tuesday 29th December 2015. The legislative platform to guide persons in the acquisition of citizenship by investment is the Citizenship by Investment Act No. 14 of 2015 and its accompanying regulations, Citizenship by Investment Regulations No.89 of 2015. Check out the application process below, the passport costs and benefits of Buying St Lucia Passport.

Goods of foreign origin may be held pending eventual transshipment, re-exportation and, in some cases, importation into the local market without payment of customs duties. Except for pork and chicken, there are no requirements for an enterprise to purchase a fixed percentage of goods from local sources. Companies purchasing chicken must purchase a minimum of 28 percent locally produced chicken. Companies purchasing pork must purchase a minimum of 40 percent locally produced pork. Investors can use national or international arbitration regarding contracts entered with the state.

St Lucia Citizenship Or Permanent Residence

Saint Lucia passports are commonwealth passports that grant countless benefits to their holders. Benefits include access to world-class education and healthcare and tax benefits, as well as the opportunity to expand investor’s businesses abroad. With its unspoilt landscapes, warm climate and world class beaches, St. Lucia’s citizenship program is the newest and one of the most popular ways to obtain a second passport. $6.0m – Two or more persons make a joint investment in an approved project on condition that each person invests a minimum of $1m. The Principal Applicant makes a contribution to the National Economic Fund on behalf of himself/herself and his/her family. The NEF is established by law and will contribute to the economic development of St. Lucia.

st lucia citizenship

Its passport offers visa-free access to just 50 countries – excluding all the major developed nations. Or, a $350,000 real estate investment (plus $58,000 in government, application, processing and due diligence fees) qualifies a single applicant for a second passport. In each case, there will be additional costs, including paying a commission law firm to a local agent that will submit your citizenship application to the government, as well as covering due diligence and processing fees. And since it’s possible to generate rental income, we also reviewed each country’s real estate investment option and, again, divided this cost by the number of visa-free countries its passport allows.

There are different investment options available within various countries from the United Kingdom to Bulgaria and our consultants know each country you are planning to shift over. Whether you have made up your mind, or are looking for investment-based options through second citizenship by investment in the EU, we are there to help you to make the most livable choice. St. Kitts & Nevis implemented the first official citizenship by investment program in 1984.

  • In recent years tourism has become the leading sector for foreign direct investments in Grenada.
  • Immigrant Invest is a licensed agent of the St Lucian citizenship program.
  • The main premise of the Act is to enable individuals and their qualifying dependents to acquire citizenship of St Lucia by registration following a qualifying investment.
  • You can benefit from low-cost credits and simplified schemes of transactions with foreign counteragents.
  • In 2018, St Lucia Citizenship Unit announced, they will not process applications from Iran, due to sanctions and due diligence providers unable to vet Iranians.

St Lucia passport gives you the convenience to plan your investment, travel, education, privacy as per your requirement in the region. You may travel to any country with any of your primary or second passports. Second passport beings you tax reduction and asset protection as well. Investments in businesses are accepted if the project is approved by the country’s government.

Purchase Of Government Bonds

In today’s mobile global economy, however, many high net worth individuals reside and conduct business at an international level. Consequently, for many of these “global citizens,” investment immigration programs that include a mandatory physical residency requirement are simply not feasible. A passport through Caribbean citizenship by investment can be a great way to help you begin planning your global citizen strategy. For example, you could use this passport to secure an easy residency in a country where you can apply for citizenship in a matter of a few years. There are 2 main investment options available to prospective citizens – a donation to the government, or investment in real estate.

Whether you choose any business investment, real estate purchase, purchase of government bonds, or donations to government funds, our expert advisors will give you many options based on your selection of the country and budget. There are attractive investment options floated by the countries and you must adhere to all the laws before finalizing your decision for the investment through citizenship. Many countries offer citizenship by investment programs in order to attract much-needed foreign direct investment. Countries can then use these funds to invest in their own projects, such as real estate development, business development and job creation. CBI programs also attract global talent and know-how aimed at boosting the economy. Most citizenship by investment programs are available to the family members of the main applicant.

St Lucia Releases 2020 Cbi Amendment Regulations

The Sustainable Growth Fund will replace the country’s previous Sugar Industry Diversification Fund , and foreign nationals who donate at least USD 150 thousand to the fund can qualify for fast second citizenship in the country. Second citizenship through the St Kitts Economic Citizenship Program will no longer be possible by donating to the country’s Hurricane Relief Fund , which was temporarily available in 2017 and 2018. The Cyprus Economic Citizenship Program has introduced several changes.

Our Level immigration experts will prepare all your application documents with due diligence and care for submission to all the respective migration authorities. Our whole process is truly clear and transparent where our clients get to know all the details of the process before and during the application process with instant updates. Applicants will receive a passport of the citizenship granting country (renewable every ).

Countries Offering Citizenship By Investment

After the process is complete, the Government of Saint Lucia will give you a naturalization certificate. Once you do so, apply for the passport, and you shall receive it in a week. The applicant must buy a property worth $300,000 to be eligible for citizenship of Saint law firm istanbul Lucia. You must pay all the property and other taxes before you claim your citizenship of Saint Lucia. You have to invest $100,000 or more to be eligible for Saint Lucia citizenship. For investment purposes, Saint Lucia has listed four ways, which are as follows.

st lucia citizenship

Please note that attending a higher education institution is no longer a requirement for children between the ages of 18 and 30 to qualify as dependents. You are entitled to the same rights as any other St Lucians citizen. Jonathan is the lead contact on all queries and client applications and will personally walk you through any queries and questions.

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