St Lucia Citizenship By Investment Program
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By successfully serving numerous clients, we are a reliable service provider. The program has been devised with legal foundations of the Constitution of Saint Lucia, the Saint Lucia Citizenship by Investment Act, No. 14 of 2015 and supporting Regulations. St Lucia dual citizenship primarily aims to encourage direct foreign investment. Participating in the St Lucia dual citizenship program will help for easy business expansion with higher tax relief. It will also help secure your dependents’ lives in this Country that has hospitable and welcoming people.
I am proud to say that I have the most expertise and experience in Citizenship by Investment in Saint Lucia. St. Lucia is an island in the Lesser Antilles region of the Eastern Caribbean. St. Lucia has been able to attract foreign business and investment, especially in its offshore banking and tourism industries, which is Saint Lucia’s main source of revenue. Sable International offers a range of services relating to UK and Australian immigration.
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This property must be selected from a list of approved real estate provided by the government, and it can be sold after seven years. Keep in mind, however, that on top of the donation/investment amount and the government fees, you’ll have to pay a commission to an agent who will lodge your citizenship application with the government. And some Caribbean countries offering citizenship by investment don’t allow investments in local businesses. But because you’re buying a real asset, you might be able to recoup at least some of the money if you decide to sell. After a certain period , countries usually allow investors to sell the property.
The ECCB also manages monetary policy, and regulates and supervises commercial banking activities in its member countries. The Caribbean is your best choice for getting a second citizenship and secure you and your family’s work permit turkey future, since its programs are the simplest and most affordable. If you decide to get a Caribbean Citizenship, you will enjoy various advantages such as no taxes on global income and other business-related benefits.
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Through the implementation of the program, the government also hopes to create investment opportunities that will bring about sustainable employment. In recent years tourism has become the leading sector for foreign direct investments in Grenada. Another service sector on the rise is the offshore financial industry, which together with strong performances in construction and manufacturing, have also contributed to growth in national output. Two or more applicants may make a joint business investment with an individual threshold of at least US$400,000 and a total investment of at least US$5 million.
St Lucia passport grants you a Visa-free travel to 146 countries including the Schengen area countries, the United Kingdom, and most British Commonwealth member countries. Citizenship is confidential and is not communicated to other countries. This allows you to use your second passport to open an Offshore Bank Account without having to legally declare it to the tax authorities of your home country.
Benefits Of St Lucia Citizenship
The minimum donation for St Lucia citizenship is currently 100,000 USD . Each additional family member requires a separate, additional fee, based on his or her age/relationship to the primary applicant. Please be aware that under the terms of the St Lucia CBI program, once processed, all St Lucia donation fees are non-refundable.
Compared with the benefits offered along with the citizenship, the concept of citizenship by investment has gained immense popularity over the years, providing relaxation as well as business opportunities. The overall process takes 4-5 months max and is very systematic and transparent. If all the documents are in order and the money for investment is ready, it is indeed one of the cheapest and fastest Citizenship by Investment programs law firm turkey in the world, as well as among the most popular and appealing ones. Apart from the investment costs, there are additional fees for due diligence, and government and passport processing. Having a dual passport allows you to become a citizen of two countries, it gives you numerous benefits and advantageous including freedom of mobility. Bearing in mind, obtaining a second passport may require time, flexibility and money.
Compulsory background checks are payable to the Government who appoints a preferred due diligence agency. These agencies use various international and local sources such as Interpol, World-Check and other Government agencies. Some incentives include a lack of a capital gains tax, low income and corporate taxes, no taxation on income from anywhere in the world within 183 days of residency and no estate or inheritance taxes. These are the reasons why nations like Saint Lucia are popular retirement and relocation destinations. St. Lucia offers the relaxing, beautiful island lifestyle you dream about at an affordable cost – and it’s safe.
Most of the people who I work with who want to get a second passport are US citizens who are used to having one of the best-known passports in the world. Many people call passports from places like Dominica or Antigua fake or illegitimate because you can get them rather quickly by making a simple investment in the country. • Dependent children should be under the age of 30 and dependent parents above the age of 55. An Antigua and Barbuda passport gives visa-free travel to 150 countries.
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Thankfully, processing fees have been waived; however, there is a fund administration fee of US$30,000 which investors must pay. 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. There is an administration fee of US$50,000 per government bond option attached to the application. Over the years, St. Lucia has acquired decades of rich experience in economic, tourism and immigration activities from its Caribbean neighbors of St. Vincent, Grenada, and Martinique. You can see the evidence in the efficient Citizenship investment programs for investors.
Took me about 6 months to complete my application and get my passport. If you’re not sure if Caribbean citizenship by investment is the right call for you, I may be able to help. Although others may talk down on it, Caribbean citizenship by investment can be a great choice for the right person.At the end of the day, it’s about deciding what’s best for you. An increasing number of countries are opening up to travelers using Caribbean passports. China – one of the most closed-off countries in the world as far as visas go – has even given visa-free access to Grenadian citizens, and it may follow suit with other Caribbean countries. Here are some of the reasons why I think Caribbean citizenship by investment is a solid bet.
For real estate, the minimum is set at $300,000 for the main applicant. In May 2020 a temporary bond offering was launched offering an option starting at $300,000 for a single applicant with the return of capital in five years. Government, Professional, and Due Diligence fees apply in all cases. Citizenship by Investment in Antigua and Barbuda is to the tune of $100,000 and has to be made in favor of the National Development Fund of Antigua and Barbuda. For the main applicant and his spouse it is $165,000, if it is a family of four then the fees is $200,000 and for dependents such as parents, it is $25,000 for each member. There are however no government fees and the processing fees is around $2,000 for the main applicant and $1,000 for every subsequent dependent.
Offshore Circle is a registered office that offers offshore services to individuals interested in diversifying their investments, growing their global wealth, and reducing tax liability. We are global citizens ourselves and we understand the importance of securing a future that involves financial freedom and flexibility. Our unmatched expertise and vast international network allow us to design specific offshore investment strategies that will meet and exceed the needs and expectations of our clients.