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St Lucia Citizenship By Investment Program Ntl Trust

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St Lucia Citizenship By Investment Program Ntl Trust

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St Lucia Citizenship Investment Programme

Best Passport To Have: Which Should You Choose?

Having dual citizenship opens a new array of business and investment opportunities in your new country of citizenship, as well as to other places in the world where there are strong economic and political ties. Many of the countries which offer convenient ways to obtain dual citizenship happen to also have beautiful locations, are affordable and give access to high-quality health care and education. The requirements for acquiring full citizenship can vary greatly from country to country.

st lucia citizenship

Making key economic investments in Saint Lucia opens the way to citizenship and a passport to the world. The Citizenship-by-Investment Board, which provides oversight to a dedicated citizenship-by-investment unit , will consider an application for citizenship and its outcome may be to either grant, deny, or delay for cause. A citizenship-by-investment application will be submitted in electronic and printed form by Henley & Partners on behalf of the applicant. Applicants are able to include a spouse, children under 31, siblings under 18, and parents aged 56 and over, as well as to add dependents after they have been granted citizenship. The estimated time to receive citizenship approval depends on the due diligence processing time and the specific case.

Investment Opportunities

This does exclude any agency fees, but these are going to be the same, no matter which CBI program you go for. You would definitely be forgiven for thinking that Saint Lucia is ‘yet another CBI program.’ In so many aspects, the programs are so similar that it’s really hard to point out the differences and their USPs. Now, the total investment is on par with other comparable CBI programs.

st lucia citizenship

The St. Lucia National Economic Fund was established in 2015 under Section 33 of the Citizenship by Investment Act to receive donations under the Citizenship by Investment Programme. Monies received into the NEF will be allocated for specific projects to help the national development agenda of St. Lucia. A teardrop shaped island in the eastern Caribbean, St. Lucia is an island nation with two majestic mountain peaks, the Pitons, forming the island’s most famous landmark. St. Lucia’s drive-in volcano, Sulphur Springs, is also a popular tourist attraction.

Dual Citizenship Saint Lucia

Earlier this month St Lucia has rocked the CBI industry, introducing a super interesting Covid-19 Govt relief bonds option for citizenship purpose reducing the investment by 50% to just US$250,000 . It is a very limited offer will only be available until end of 2021. There is definitely a tax on personal income derived from abroad, if you reside in St Lucia. If you stay out of the country or a non-resident, then you avoid local taxes, but the point of the citizenship might be slightly lost then anyway.

st lucia citizenship

There have been citizenship through investment programs available in the past that are currently suspended, such as the Hungary Economic Citizenship Program. The country’s Constitutional Act explains exactly how the applicant can invest in citizenship by investment. The St Lucia citizenship by investment program requires the investor to apply through an authorized agent and invest in government funds or approved real estate projects, business ventures or government bonds. The applicant also has to undergo a due diligence check and prove that he has clean a source of funds. St. Lucia citizenship by investment program was formulated by the st. Lucian government on 1st January 2016.

Four Of The Most Popular Countries For Launching A New Company

Second, Saint Lucia offers some of the more exotic investment options for those who don’t want to go the donation route. If it floats your boat, you can invest in government bonds and even enterprise projects. The St Lucia passport cost is inclusive of a lifetime of economic and personal benefits, making it an affordable option for those looking to secure their financial future. And with no hidden costs or fees, the one-time purchase of the St Lucia citizenship offers excellent value for cost-conscious investors and their families.

st lucia citizenship

Invest $300,000 in pre-approved high-branded hotels/resorts, or invest $300,000 in a boutique property. Irrespective of the number of dependents that are included in the application. The Country is a member of the British Commonwealth and maintains membership in various regional and international organizations including the United Nations. With two fully functional airports, it has a strong international and regional air network served by more than 12 airlines. Saint Lucia has direct flight connections with many major global locations. The special offer was originally set to expire at the end of 2020, but the government has extended the discount for another year.

St Lucia Citizenship By Investment Cost: Government Bonds #4

St. Lucia allows for dual citizenship, so you can keep your current passports. St. Lucia was a previously a British colony which gained independence in 1979. Its currency is the Eastern Caribbean Dollar , which is used by the six other members of the Organization of Eastern Caribbean States. Investments can only be made in properties approved by the government.

We have an in-depth article covering all currently available citizenship by investment programs that will give you a complete overview of all the options available to you. The traditional government bond option requires investors to buy a zero-interest five year $500,000 bond for a family of four (and $567,500 in all-in costs). This means purchasing a bond of at least $250,000 for a term of at least five years– the bond amount and time frame increase for couples, or if you are applying for citizenship for the whole family. That is why for the rest of 2020, Saint Lucia is offering a new citizenship by investment option.

St Lucia Citizenship By Investment Cost: Enterprise Project Investment #3

This reduces the flexibility in the revenue generation, and only limited growth is possible. Global Citizenship Services Ltd. is a boutique firm offering individualized service to those seeking Saint Lucian citizenship through investment. By investing staying permit turkey and obtaining the country’s citizenship status, you benefit from no capital gains, capital acquisitions tax, inheritance tax, and net worth tax. The island is home to Marigot Bay, one of the most picturesque places in the Caribbean.

They would have to fly to the island personally to choose the appropriate real estate for investment, submit biometric data, swear an oath, get naturalisation certificate and wait for the passport. With Imperial & Legal you will obtain St Lucia passport 100% remotely. Once your investment is confirmed, you will be booked for an online citizenship ceremony during which you will swear an oath to your new home country. After that, St Lucia’s government will issue you and your family certificates of naturalisation.

Iii St Lucia As An Offshore Jurisdiction, Tax Haven, And International Financial And Business Center

The process for obtaining citizenship is also straightforward , and citizenship can be passed down to future generations. While no country offers instant citizenship, there are some countries where the application process is very short. Applicants can receive Turkish work permit Dominica citizenship in as little as two months, for example. Acquiring a second passport from these countries is a life-changing experience as it gives visa free access to more than 130 countries including Schengen territory, UK, Singapore and Hong Kong.

From July until the end of 2020, the donation required for a family of four to gain citizenship will be reduced from $190,000 to $150,000. The money must be donated to a charity set up by the St. Kitts-Nevis government. St Kitts offers citizenship through investment in real estate for $400,000 or a donation to the development fund of $250,000.

st lucia citizenship

It is possible to become an Armenian citizen by naturalisation in just three years. The first step is obtaining an Armenian residence permit, for which you will need to make an investment in the country. Paraguay has a good passport which offers visa-free travel to 143 countries with most countries in Europe and the whole of South America. The be eligible its required to keep USD 5000 in a Paraguayan bank account and spend a minimum of 183 days per year in the country. The easiest way to obtain an Ireland passport and citizenship is if you can prove that you have Irish ancestry, i.e. if one of your parents or grandparents are Irish. In this case, you simply need to apply for citizenship through the Foreign Birth Register.

Fastest turnaround from application to citizenship in approximately 90 days. Our team has years of experience assisting with programs to the people of UAE, Saudi Arabia, Jordan, Kuwait, Egypt and Qatar. Stephen McNamara was called to the Bar at Lincoln’s Inn, in London England and in St Lucia in 1972. The Barrister/Solicitor specializes in the representation of foreign investors in St Lucia in Tourism, Manufacturing and Banking sectors.

St Lucia Citizenship by Investment Program was established in 2015 under the CIP Act No 14. 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. To protect your privacy, can you buy St Lucia citizenship using an Anonymous Credit Card or cryptocurrencies like Bitcoin with absolute confidentiality. St Lucia passport has visa free travel to 145 countries in the world including Schengen Area, UK, South Korea, Singapore, Hong Kong, Malaysia, Cambodia, Samoa, St Lucia, Dominica, Panama and Israel.

The OECS agreed to establish a regional competition body to handle competition matters within its single market. Although some draft bills are not subject to public consultation, the government often solicits input from various stakeholder groups and via town hall meetings when formulating new legislation. The government also uses public awareness efforts such as television and radio call-in programs to inform and shape public opinion. The government publishes copies of proposed laws and regulations in the Official Gazette before they are presented in the House of Assembly. Although St. Lucia does not have legislation guaranteeing access to information or freedom of expression, access to information is generally available in practice. The government maintains an information service website on which it posts information such as directories of officials and a summary of laws and press releases.

The citizenship by investment program of Antigua and Barbuda was launched in 2012 and has gained immense popularity. Its powerful passport provides visa-free travel to 132 countries including territories around Europe, Asia, and the Americas. The non-refundable, compulsory government fees is $50,000 for the main applicant and the same for each of the dependent family members.

st lucia citizenship

We would be delighted to assist you and your family members in obtaining citizenship of St. Lucia. Government processing of the application and due diligence checks, taking between 4 and 6 months for completion. When you acquire citizenship under Saint Lucia Citizenship Program, you and your family will reap the benefits of Citizenship for life, which can be passed to future generations. You have the guarantee that you application will be handled with utmost professionalism. Visa free travel to 121countries including the EU Schengen countries, Hong Kong and United Kingdom. Offshore banking is designed to provide investors and wealthy individuals with personal and corporate bank account management solutions in a foreign country.

st lucia citizenship

The country also plans to position the UAE Golden Visa as one of the most desired investor visas on earth. You might be a US citizen who’s trying to renounce as quickly as possible, and in that case, a quick citizenship by investment program may be the right call. Despite what you may have heard, Caribbean citizenship by investment programs are 100% legit, and the passports they give you are no joke, either. Always evocative, the island welcomes visitors with soothing waves, warm beaches and hospitable people. The only sovereign nation named after a woman, the island personifies adventure and inspiration. Saint Lucia started their citizenship by investment program in 2015.

Covid-19 relief bonds are another way to gain citizenship by investment in St. Lucia. And by the way, you can apply for St. Lucia’s citizenship by investment from the comfort of your work permit turkey own home. That’s something productive and really useful you can get done while lockdowns keep you home. Think of citizenship by investment as your shortcut to a second passport.

st lucia citizenship

The freedom to travel offered by a second passport can open up new avenues for growth for eagle-eyed business personnel. The CCS team is composed of a highly experienced group of immigration-lawyers who seek to help clients overcome any legal challenges associated with their second citizenship application. Hoteliers will assist you with the due process helping you with the lawyers. You may need to pay additional costs such as Government and due diligence fee.

Your original birth certificate is required for the issue of Saint Lucia passport. St Lucia’s capital city of Castries has an international airport that welcomes direct flights from multiple cities in the United Kingdom, Canada, and the United States – as well as other Caribbean islands. St Lucia’s economy is driven by tourism and offshore banking, and the island is a well-known producer of bananas and other agricultural goods. The island is also a cultural innovator, organising events such as the yearly St Lucia Jazz Festival. To raise funds for crisis management during the coronavirus pandemic, the government hopes to undertake reclassification of Citizenship by Investment Programme revenues, pursuant to the National Development Fund Act. Overall, in 2019, the island welcomed more than 420,000 stay-over visitors, more than 191,000 of whom were from the United States; however, the global coronavirus pandemic will result in dramatically lowered numbers in 2020.

  • Visa-free travel to 150+ countries with dual citizenship, only minimum physical stay required.
  • The order in which names appear has no significance, and the listings or links may be removed at any time at the discretion of the Department.
  • The CIU will examine the applications closely and may sometimes request additional documents.
  • These special Covid bonds issued for a limited time in US dollars will be added to the Consolidated fund which is used to finance capital development in the State and in particular, economic and social infrastructures.

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