Key Features Of The St Kitts & Nevis Citizenship By Investment Program
During the verification, information obtained from various sources is studied, as well as documents are analyzed that allow assessing the legality of the origin of funds that the applicant plans to invest in the country’s economy. During this review, government officials work in conjunction with representatives of independent companies. No, the applicant is not required to confirm the knowledge of the state language of the country. The absence of requirements for knowledge of the state language is another advantage of the program. It is necessary to make investments within 60 days from the moment of approval of the application.
After 7 years of residence on the island, you can become naturalized. You can apply for citizenship by descent if at least one of your parents is a St. Lucian citizen. For everyone else, how easily you can get citizenship in St Lucia depends on how much you can spend.
Step 2: Your Consolidated Application Documents Are Checked, And Your Citizenship Application Is Formally Lodged
Up to 4 additional dependents can be added at US$ 15,000 per person. For your information, Arton Capital is an authorized marketing agent appointed by the government to promote Saint Lucia’s Citizenship law firm turkey by Investment Program. This organization is responsible for the countries in the MENA region, as well as other countries like Afghanistan, Bangladesh, Djibouti, Malta, Pakistan and Turkey.
The investor buys the entire property or shares in the construction of hotels, villas, or urban infrastructure. All projects under the program are approved by the Government of Saint Lucia. In May 2020, the government of Saint Lucia issued new interest-free bonds, Covid-19 Relief Bonds. The investment from the purchase of the government bonds goes towards rebuilding the countrys economy after the crisis amid the coronavirus pandemic. Dominica passport in three months, with visa-free access to over 120 countries, along with attractive tax benefits.
Saint Lucia Economic Citizenship Investment Programme
From the date of notifying your agent that your application has been accepted for processing, it will take approximately three months to process your application. Should there be any extenuating circumstances that would cause a delay in the processing of your application, we will be informed directly by the Unit. Only a licensed authorized agent can act on your behalf and handle your citizenship application for you. A detailed breakdown of the steps for applying for citizenship can be found on our About Us page under “The Process”. However, all the requirements you need to know about are in the section just above this, contact one of our citizenship investment experts for consultation on what your options can be. 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 government-sponsored projects.
The client and CCS execute an Engagement Letter detailing the services to be provided including a quotation of all fees and costs. Clients choose their preferred option for citizenship and their real estate property if applicable. Each citizenship investment option offers the same advantages of citizenship of Saint Lucia, with visa-free or visa on entry access to more than 146 countries worldwide. The St. Lucia Citizenship-by-Investment Program requires applicants to make a significant economic contribution to the country. The St. Lucia Citizenship-by-Investment Program is regulated by the Citizenship-by-Investment Act No. 14 of 2015.
Citizenship Of St Lucia
The validity of H-1 through H-3, O-1 and O-2, P-1 through P-3, and Q visas may not exceed the period of validity of the approved petition or the number of months shown, whichever is less. Corporate, company formation, finance and wealth management services. There is no requirement to visit St. Lucia in order to qualify for citizenship, although all applicants are subject to a strict background check.
Construction projects are approved by the Government of Saint Lucia. Under the terms of the programme, the investor holds the securities for 5 years, after which they can redeem the bonds. The discount for buying government bonds has been extended until 31 December 2021. The St. Lucia Citizenship-by-Investment Program requires applicants to make an economic investment in the country. It is possible to invest at least $ 3.5 million in a project that has received government approval.
Secure Your St Lucia Citizenship By Investment Application With Help From Citizenship Bays Office In Dubai
The application process takes 3 months, which starts from the submission of a complete application to the Citizenship by Investment Unit. The St Kitts & Nevis islands just like Dominica have more or less similar rules for Citizenship by Investment. The government of these countries encourages people to seek out the Citizenship programme which is beneficial to both the nation and those seeking Citizenship by Investment. Another beautiful island nation with panoramic view is Dominica Island and its Economic Citizenship program which was launched in the year 1993.
The OECS consists of seven full members (Antigua and Barbuda, Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines), and three associate members . The purpose of the Treaty is to promote harmonization among member states in foreign policy, defense and security, and economic affairs. The six independent countries and Montserrat ratified the Revised Treaty of Basseterre establishing the OECS Economic Union, which entered into force in 2011. The Economic Union established a single financial and economic space within which goods, services, and people move without hindrance.
St. Kitts & Nevis is an independent English speaking country of two islands, offering a well-established political and legal system since the country is a member of British Commonwealth. Benefits include no personal income tax, a stable currency, a well-established financial infrastructure, corporate incentives, and an investor-friendly government. Full citizenship and passports are issued to the applicant and his/her family. We are recognised as one of the best immigration team of lawyers in the UK.
However, the DSP was overhauled in 2018 and now confers ‘full’ citizenship . Established in 2016, the St Lucian citizenship by investment programme is the newest in the Caribbean. Seeking to incorporate the best from surrounding CBI schemes, it offers many advantages for investors and residents alike. Launched in 2013, the Antigua and Barbuda Citizenship by Investment Programme offers four routes to citizenship, including the non-profit National Development Fund and an investment in real estate. The total cost of obtaining St. Lucia citizenship depends on the investment option, number and age of applicants.
Please note that as part of the terms and conditions of the by donations program, you may have to pay an additional fee for each St Lucia passport you receive. St. Lucia offers highly developed banking systems and is known for its offshore banking services. St Lucian citizens can greatly benefit from the low tax jurisdiction where the nation does not impose taxes on income, wealth, inheritance, and capital gains. Applicants can proceed with a non-refundable donation to the NEF starting at USD$ 150,000. The amount will increase according to the number of dependents included within the same application. The NEF is a government fund that contributes to the advancement of the infrastructure and utilities of St Lucia.
Unrestricted right to live, work, travel and study anywhere in the Caribbean Community . A high quality of life including access to reputed healthcare and educational institutions. Legal fees are charged on a sliding scale from 3 to 5 percent of the purchase price, Mr. Theobalds said. Some who sought refuge on St. Lucia amid the pandemic decided to buy property and stay. “People are looking for more remote homes, private homes, secluded homes where they can be safe and away from high-density crowds,” Ms. Danzie said. Two short years ago, St. Lucia’s housing market was struggling to rebound from the downturn that followed the global financial crisis of 2008.
The IMC helps to improve public understanding of the issues faced by clients and governments in this area and promotes education and high professional standards among its members. Saint Lucian citizens, hence, do not lose their citizenship upon acquisition of the citizenship of another country. Persons who acquire Saint Lucian citizenship are also not required to renounce their original citizenship save in the one instance mentioned above. Getting citizenship in a beautiful country that offers attractive tax incentives and is easily accessible to North and South America.
Tourism is St Lucia’s main source of jobs and income (accounting for 65 per cent of gross domestic product ) and the island’s main source of foreign exchange earnings. There are more visitors to Saint Lucia from the United States than from any other country. Duly completed and signed application forms accompanied by supporting documentation including the items listed below along with the non-refundable processing fee and due diligence fees. Additionally, you are required to make a non-refundable donation to the Saint Lucia National Economic Fund or make an investment in government-approved real estate projects. All these investment options have their caveats and additional fees associated with them. Also, make sure you add up the additional costs to your investment amount and check if it’s affordable.
The regulations regarding Citizenship by Investment in Saint Lucia are contained in Statutory Instrument No.89 of 2015. The Act enables individuals and families to acquire Saint Lucian citizenship upon making a qualifying investment. There are no requirements to travel to St. Lucia during or after work permit turkey the application. Visa-free and visa-on-arrival travel to over 140 countries and territories including Hong Kong, Singapore, the Schengen Area, and the United Kingdom. To be able to apply for this program you should be at least 18 years of age, in good health, and without a criminal record.
The citizenship by investment board dedicated to making the application process most effective for investors providing exception benefits for the country and its people. To qualify for the program, a minimum investment level must be satisfied either in the St. Lucian National Economic Fund or in the approved real estate project. The Citizenship by Investment program in St. Lucia is one of the newest CBI programs. Launched January 1st 2016 it grants citizenship to applicants and their families investing $300,000 in approved real estate projects. There is also the option to contribute to the Saint Lucia National Economic Fund, an approved enterprise project in St. Lucia or the purchase of government bonds.
You are required to retain your real estate investment for 5 years from the grant of citizenship. Applicants may purchase government-approved property valued at a minimum of US$400,000, or purchase shares valued at the same minimum amount in a real estate development. Callaloo Cay is a unique luxury multi-resort project developed in partnership with the government by an international team of world class developers and investors such as Arton. This exclusive resort sits on 36 acres of prime beach-front and offers first-class facilities that cater to discerning clients. Under the Redeemable Preferred Share Offer by the resort, investors renounce the capital appreciation in exchange for a guaranteed return on investment after the mandatory five-year holding period. A minimum investment of $3.5 million USD into an approved enterprise project which creates at least 3 jobs.
Additional costs may also be incurred depending on the real estate developer. The program requires applicants to make a significant economic contribution to the country. In exchange, and subject to a stringent application process and due diligence checks, the applicants and their families are granted full citizenship. Applicants must be 18 years of age or older to apply for citizenship of Saint Lucia through the Citizenship-by-Investment Program.
Malta is another country in Europe that can be considered as an E.U citizenship by investment because of the European access attached to the passport. With a Turkish passport, you can access 112 countries visa-free, most of the people who apply for Turkish citizenship through investment programs are from the middle east or Africa. St. Kitts has become the #1 seller of second passports in the world.