Citizenship Programs In St Lucia,immigrant ,immigration Investors Program In St Lucia, Citizenship By Investment
About Saint Lucia
Saint Lucia launched brand new citizenship by investment program in the Caribbean in2015. The Citizenship-by-Investment Act No 14 of 2015 laid foundations for acquisition of citizenship in Saint Lucia by means of qualifying investment. The age requirement for dependent parents of the main applicant or of his or her spouse has been lowered from over sixty-five years to over fifty-five years. Dependent parents must also prove they are fully supported by the main applicant. The age of dependent adult children has been increased from twenty-five years to thirty years with no requirement to demonstrate that the child is in full-time education.
However, you do not need to declare or pay taxes to St. Lucia if you don’t live there. Even if you live there but keep your “permanent home” abroad, St. Lucia will tax you only on income generated within its borders. Professional fees add another $5,000 to $25,000, depending on the provider. But Sovereign Man Total Access members, our highest tier service, can get a St. Lucian passport cheaper than anyone else in the world. For example, although these programs are collectively referred to as “investments”, in many cases you will not actually get your investment amount back. It’s one of the cheapest citizenship-by-investment programs in the Caribbean for single applicants.
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There are additional costs processing fee plus the due diligence and lawyer’s fee. However, in the end, because the government bonds will be refunded at the due time, you will have paid far less than other CBI programs. Already approved citizens may add dependents within five years of their application being approved. A donation of USD 35,000 applies to spouses, while a donation of USD 25,000 applies to each additional qualifying dependent of any age.
You can obtain a second passport throughcitizenship by investmentin the Caribbean as it offers programs that require affordable investment, such as St. Lucia or Antigua & Barbuda citizenship by investment. All qualifying dependents must have a clean personal background with no criminal record and not be under any criminal investigation . A person that is deemed a potential security risk or who is or has been involved in any activity that is likely to bring disrepute to St. Lucia shall not be approved for citizenship. As a result, investors can choose from several options to qualify for the program.
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By as early as 2019, over 630 economic passports were issued to new St Lucian citizens under the program, raising approximately $40 million in revenues for the St Lucian government. An investment of USD 500,000 in non-interest-bearing government bonds that should be held for five years. To qualify for citizenship in Saint Lucia, applicants must be at least 18 years of age, have Turkish citizenship 250.000 USD no criminal record, and be in good health. Saint Lucia offers various options to investors looking to secure citizenship of the country, starting at USD 100,000. For further information on Saint Lucia’s citizenship by investment program and detailed procedures, contact us for a free private consultation. Investment in a business, purchase of real estate, or donation to the NDF.
St Lucia Citizenship by Investment Program came into existence only on the 1st of January allowing applicants to bring in their spouse, children, and parents to apply for citizenship. The St Lucia Citizenship by Investment Program allows only 500 applications per year. To be eligible for Citizenship by Investment opportunity, applicants need to fulfill the eligibility criteria and investment guidelines set as per government policy. Caribbean Trust, as the official agent of the St. Kitts & Nevis Citizenship program, ensures efficient glitch-free processing of your application.
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The Programme offers you an opportunity to obtain a passport which gives you access to over 100 countries and which places no restrictions on the holding of dual citizenship. Otherwise an investment of US$ 3.5million in an approved enterprise project must be authorised. The fourth option resident permit turkey provides the flexibility of joint investment, in which case a group of 6 individuals may contribute a minimum of US$1 million each. Second Citizenship by investment in different countries across the EU is feasible to obtain with the assistance of our legal and EU specialist consultants.
Instead of a donation, you can also choose to invest either in real estate or government bonds. We’ll present you each option assuming the total cost, including government fees, for a family of four — with two children younger than 12 years old. In addition to quickly gaining a passport for as low as $145,000 the Caribbean countries offer the most affordable citizenship by investment programs. By law the investor cannot submit their citizenship by investment application themselves.
The Ministry of Home Affairs, Justice and National Security subsequently drafts the legislation, ensuring compatibility with the nation’s domestic and international legal commitments. Invest Saint Lucia has the main responsibility for investment supervision, whereas the Ministry of Finance monitors investments to collect information for national statistics and reporting purposes. The enforcement mechanisms of these regulations include financial penalties and other sanctions. The government of St. Lucia strongly encourages foreign direct investment . Through Invest Saint Lucia, the government introduced several investment incentives for businesses that consider locating in St. Lucia, encouraging both domestic and foreign private investment. Invest Saint Lucia provides “one-stop shop” facilitation services to investors, helping to guide them through the various stages of the investment process.
The St. Lucia Citizenship by Investment programme offers an efficient path to a second passport for you and your family members. The passport affords visa-free travel to over 140 countries and offers two main options to qualify. This program has more investment options to choose from than similar programs, so it might be a better option for business people. These fees are $ for the main applicant, another $ for the spouse, for each dependent of 18 years or above it will be $ and for each dependent younger than 18 it will cost $. A St Lucia passport can be obtained by making a contribution to a government fund, buying real estate or investing in a business project.
In addition to the purchase of real estate, there are Government fees to be paid. The cost varies depending on the number of applicants and their ages. Applicants must have a clean criminal record, and the local government conducts extensive criminal checks with INTERPOL, the International Criminal Court, and various other sources and authorities. We are the only law firm that has a truly global overview of and expertise in Citizenship by Investment programs.
We match reputable investors with countries, universities and brands offering the best options for each of them. Our mission is to find a win-win solution, rooted in goodwill and integrity, by focusing on a greater impact on the nations, institutions and values of the brands we work with, while meeting investors’ needs. Freedom Entitled to access Europe Union – live, study and work including European Economic Area and Switzerland. Quick Processing Time Dual citizenship is obtained in an approximate period of 3-5 months.
Antigua & Barbuda Citizenship By Investment Program
Complete investments after receiving citizenship application approval. Interestingly, Saint Lucia recognizes and accepts dual citizenship, which investors will find beneficial law firm turkey in business expansion and tax relief. The St Lucia passport gives you visa-free or visa-on-arrival entry to over 140 countries and territories around the world!
You could invest in real estate, a Cypriot business that employs five local citizens, bonds or securities of a Cypriot business licensed by the Securities and Exchange Commission, or a combination of these choices. While Cyprus’ investment citizenship program has been suspended, its residency by investment program, or “Golden Visa”, remains intact. Then, within 12 months of maintaining Maltese residency, you’ll obtain citizenship and a passport for visa-free travel to 158 countries.
As a second passport holder you will receive the same rights and protections of any Cyprus citizen. The applicant is not required to be present in St. Lucia either before, during or after the application process. To maintain the citizenship a minimum residency of 5 days over 5 years each year is required. There are two main routes by which of secure the citizenship planning by investment in Antigua and Barbuda.
Saint Lucia’s program is definitely the best value option for single applicants. Other countries in the Caribbean, like St. Kitts or Antigua, — offer visa-free access to eight or nine more countries than Saint Lucia does. One of the most popular benefits of Total Access is our private investment service.
St. Lucia is a member of the Caribbean Financial Action Task Force . The Banking Act requires all commercial banks and other institutions to be licensed in order to conduct any banking business. As part of ongoing supervision, licensed financial institutions are required to submit monthly, quarterly, and annual performance reports to the ECCB. Once registered, the owner has the exclusive rights to use the trademark, authorize its use by another person, and obtain relief under the Act if the holder’s rights have been violated. A registered trademark is deemed personal property and is enforceable like the rights of personal property. It is an enclosed area treated for customs purposes as lying outside the customs territory of the island.
- Under this scheme, investor can choose to invest into one of the government approved business projects and create several permanent jobs.
- Pay is time-and-a-half for work over eight hours and double for work on Sundays and public holidays.
- XIPHIAS Immigration is one of the rare countries which provides St. Lucia immigration services.
- The principal Applicant for citizenship must fulfil the personal requirements established under the St. Lucia Citizenship Investment Act 2015.
There were no reports that the government discriminated against U.S. investments, companies, or landholdings. Its purpose is to promote economic integration among its fifteen member states. Investors operating in St. Lucia have preferential access to the entire CARICOM market. The Revised Treaty of Chaguaramas further establishes the CSME, which permits the free movement of goods, capital and labor within CARICOM. There is no restriction on domestic investors seeking to do business abroad.