Requirements Of St Lucia Citizenship By Investment
Fast Track Application Process
The government of Saint Lucia has extended the discount on the purchase of government bonds. We will tell you how much to invest and until what date the special offer is valid. They could have been included in your first application as they meet by investment requirements, and the period of time between your first and second application doesn’t exceed 5 years. That’s why, the island has a lot of large-scale construction projects of elite housing and luxury holiday resorts.
There is also no longer a requirement for proof that the child is a full time student. Applicants may obtain citizenship by purchasing Government-approved property valued at a minimum of US$300,000. This property must be owned and maintained for a minimum of 5 years after citizenship has been granted. Thank you for your interest turkish citizenship by investment in our Citizenship by Investment programs. Our current project, Six Senses La Sagesse in Grenada, offers investors the opportunity to invest in Grenada and receive Grenadian citizenship, and access to reside and work in the United States. Please click the icon below to chat with a Range Developments representative.
A Life Beyond Your Passport Constraints
Other European citizenship through investment programs are still open in Cyprus and Malta. According to the Prime Minister of Dominica, Roosevelt Skerrit, the country has concluded negotiations with China and Dominica passport holders will have visa-free access to Mainland China by the end of the year. Dominica also plans to open consulates in a number of countries to improve their international presence.
Many countries that offer dual citizenship also 0% taxation possibilities. It is possible to greatly minimize or even completely eradicate your tax burden by obtaining dual citizenship in a tax haven. Countries such as Antigua or Vanuatu for instance make it possible to live their without having to pay income or capital gain tax. However, each country has its own rules about taxation, and it may not be possible to completely avoid taxation depending. There are generally no residency requirements or any minimum number of days that you are required to live there per year. In fact, you do not even need to visit the country beforehand, it can all be done online, the citizenship lasts for life and can be passed down for future generations.
Investment In Business
We will guide you through the whole submitting process for the Citizenship Program St Lucia. To apply for the Honorary Citizenship St Lucia the applicant has to make a significant economic contribution to the country. We will guide you through the whole submitting process for the Honorary Citizenship St Lucia. The cost of acquiring citizenship by investment in St Kitts and Nevis has been temporarily reduced. A family of four can now qualify for second citizenship in St Kitts by making a fund investment of only USD 150,000 . This limited time offer is only valid until the beginning of 2021, at which time prices are scheduled to go back up.
Foreigners can buy property in Saint Lucia, as the government encourages foreign direct investment. Our specialized team will work with you to collect, translate and notarize the documents required, while ensuring all documents adhere to Saint Lucia government’s requirements. The Saint Lucia passport is a well-respected travelling document across international borders. It is a passport that allows visa-free, or visa-on-arrival travel to more than 146 countries. The bond can redeemed by citizen or authorized agents after the holding period. Citizenship is permanent is not withdrawn upon receiving back the bond sum.
Uae Onshore Or Offshore? The International Business Company Ibc Vs Free Zone Company Fzco
This was adopted to ensure visa-free travel for its citizens to over 110 countries. The Department has determined passports issued under the St. Lucia Citizenship by Investment Program are valid under INA 101 . Although a visa may be placed in such passports, applicants must still establish their identity to the satisfaction of a consular officer. Applicants may need to present other supporting documents to establish both identity and nationality.
This option requires a minimum investment of at least $500,000in government bonds. These designated development projects offer investment opportunities in government-approved real estate. This includes high-end hotels and resorts, as well as upscale boutique properties.
An additional 30 states allow Saint Lucian citizens to apply for a visa on arrival. Citizens of Saint Lucia can apply for a 10-year tourist visa to the United States in 2 weeks at the nearest consulate. To qualify for citizenship under the real estate option, applicants are required to invest atleast US$ 300,000 in approved real estate. The above minimum investment amounts do not include applicable processing and application fees. Furthermore, higher minimum investment amounts may be required for additional qualifying dependents.
LifestyleSt Lucia is a volcanic island, 77% of which is forest, that is more mountainous than most of the other Caribbean islands. Not only does the island boast the world’s only drive-in volcano, but its most famous landmark, the Pitons, are majestic twin peaks that have been awarded UNESCO World Heritage status. There are also Botanical Gardens, zip lining, rainforests, a Nature Reserve. The culture of St Lucia has been influenced by African, East Indian, French and English heritage and there are many cuisines to try. While Castries is the capital city, the entertainment capital is Rodney Bay. St Lucia offers a variety of cuisines and events, including Saint Lucia Jazz and Arts Festival in May.
This means your application could be cheaper if you are planning to apply with family members. This investment can be real estate-based, an enterprise, government bonds, Turkish citizenship 250.000 USD or done through a national economic fund. The Caribbean citizenship by investment “price war” continues, this time with Grenada making changes to its curriculum.
CTrustGlobal is a government appointed authorized agent to promote the Saint Lucia Citizenship Program by Investment and facilitate the process for the interested investors. So, the entire St. Lucia citizenship process takes about 90 to 120 days to complete, post which the certificate of naturalization and passport issued. Obtain second citizenship by investment of St. Lucia from the comfort of your home with no need of residing or even visiting St. Lucia. Applicants must also pay all required due diligence and processing fees.
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With a view to remain competitive against other Caribbean CBIs, the program recently dropped its high net worth requirement with a view to make the program more accessible to an upper middle-class clientele. There should be a participation in an approved enterprise project with a minimum contribution of USD 3.5 million along with the formation of a minimum of three permanent jobs. The National Economic Fund is established under the section 33 of St Economic Diversification Fund was established St. Lucia’s citizenship by investment act. The sole purpose behind establishing this fund is to attract foreign investment to finance government projects and offer citizenship in return. As of 1 January 2017, Saint Lucian citizens had visa-free or visa on arrival access to 146 countries and territories, ranking the Saint Lucian passport 31st in terms of travel freedom according to the Henley visa restrictions index. St Lucia signed a mutual visa waiver agreement with Schengen Area countries on 28 May 2015.
The government of St Lucia strongly encourages foreign direct investment, and has been cited by the US Department of State as operating in a ‘generally transparent manner’. The country holds 36th position in the World Justice Project’s Rule of Law Index and its legal system is based on British common law. St Lucia is well known as the island that France and Britain fought over throughout the 17th and early 18th centuries, with possession changing 14 times between the two countries. In 1871, it was integrated into the Windward Islands, achieving home rule only in 1967.
Investing in a second citizenship can open up access to the best schools in the world for applicants and their children by qualifying them for domestic rather than international tuition fees. Many passports are quite restrictive in their visa-free mobility, forcing citizens to obtain visas whenever they need to travel abroad. A second passport can offer individuals from these countries increased global mobility. For example, the passport of Pakistan allows visa-free entry into only 40 countries, whereas the passport of Cyprus allows visa-free entry to 164 countries. The difference in global mobility equals an incredible amount of time saved filing visa applications and is priceless to businesspeople the world over. Citizenship by investment is the process of obtaining a second citizenship and passport by investing in the economy of the host country.
The donation option is the cheapest option for many applicants who wish to make a $100,000 one time donation for passport. Once your application has been approved you will be required to pay all government fees and make the relevant investment under your chosen option. CIP requires the applicant to make a significant economic contribution to the country. In exchange, and subject to a thorough application procedure including due diligence and background verification checks, the applicants and their families are granted full citizenship. Unlike many other Caribbean nations, St Lucia offers the option to invest in a pre-approved enterprise project.
Foreign buyers must obtain a Certificate of Eligibility from the government for $3,000, followed by an Alien Land Holding License for $2,500, plus $1,000 in legal fees on each, Ms. Buchner said. Buyers receive permanent residency as long as they own the property, negating the need for visa extensions. Inclusion of spouse, dependent children up to the age of 25, and dependent parents above the age of 65. This passport offers visa-free and visa-on-arrival travel to the following countries and territories.
- Saint Lucia has been offering citizenship to trustworthy investors since 2014.
- Professionals at IRC can navigate the road to citizenship for you in 3-4 months.
- Our verification procedure reduces the risk of an application for citizenship by investment being rejected to 1%.
- This in conjunction with the low cost of living has led to an expansion of its expat population, with many relocating from North America.
- That means there’s a possibility to recoup some of the money after the holding period is over.
All application forms and supporting documents must be submitted in electronic form and also original printed form by the authorized agent. After the application process is initiated we will provide clarification about document format, duplicates, supplementary materials, number of certified passport photos et cetera. Dependent children between years who are fully supported by the main applicant or spouse. There is no longer any requirement for them to be enrolled in a qualified institution of higher learning. Dependents of the main applicant include children 21 years and under without demonstrating full financial support for the child dependent. Our St Lucia Citizenship-by-Investment programme provides successful applicants with visa-free access to 145 countries, including the European Schengen Area, the UK, Hong Kong and Singapore.
Additionally, the application forms and supporting documents listed below is generalized and it is not exhaustive. These are the general requirements according to the St Lucia citizenship by investment unit , however the CBIU can request additional documents/verification at their discretion. We offer you citizenship by investment programs, company formation services, and an array of options that allow you to secure citizenship and obtain additional passports without residency obligations. Recently, a number of countries have slashed their minimum investment amount. You can purchase real estate for less than before and still be eligible for citizenship by investment, making this a more attractive option .