St Lucias Citizenship
The St. Kitts CBI Programme requires a person to make a significant economic contribution to the country. In exchange, and subject to a stringent vetting and due diligence process, including thorough background checks, the applicants and their families are granted citizenship. Bridgeway Trust is part of the Betterhomes Group, established in 1986 and known throughout the UAE for our professionalism, ethics and service. Investment into an approved real estate development, either full title or shares valued at the minimum amount. The St Kitts and Nevis citizenship programme requires the investor to make an economic contribution to the country as well as meet certain other requirements. Moving to a new country involves a lot of documentation and bureaucratic red tape in addition to packing, finding a new home, settling down etc.
By forcing all foreign banks to become unpaid tattletales to the IRS, this law severely limits US citizens’ options while banking abroad. This idea that you need to have a top-tier passport to travel easily is ultimately a myth. I’ve actually been treated better in certain countries with my St. Lucia passport than I was with my US passport.
This makes St. Lucia much more competitive, especially for applicants with families. Finally, in the face of COVID-19 and its economic impact, St. Lucia has offered a deep discount on government fees and one of its best investment Turkish resident permit options. The economic citizenship program is indeed new, but the benefit of going with a relatively untested program is that they’ve studied what worked (and what didn’t) in other CBI programs and made theirs more efficient.
We will send you the application forms and provide assistance to complete the questionnaires, translate and authenticate documents. You must undergo a medical examination and provide us the medical assessment. After that, you will be ready to carry out administrative procedures for citizenship and transfer your investment to an escrow account (through escrow.com). First, our lawyers will conduct a due diligence check on you to ensure that you are eligible and meet the criteria to apply for the program, and that your application will be approved.
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Fees for children and dependent parents & grandparents were reduced from $25,047 to only $10 thousand each. Several countries operate residency by investment programs that can eventually lead to full citizenship. You can obtain Canadian economic citizenship through the Quebec Immigrant Investor Program , for example, but it requires an investor to live in Canada as a Permanent Resident for at least three years. US economic citizenship is also possible through the EB-5 Green Card by Investment Program, but similar to Canada it requires the investor to live in the United States as a Permanent Resident for a minimum of five years. Australian economic citizenship via an Australia Investor Visa and UK economic citizenship via a Tier 1 Investor Visa are two more examples of permanent residency by investment programs that can result in citizenship.
- Residency within 3 weeks and approval of citizenship within six months.
- Once your application for citizenship by investment in Saint Lucia has been qualified for processing, it will take approximately ninety days to be granted approval.
- A St Lucia citizenship offers investors visa free travel to a 127 countries, including the UK, Hong Kong as well as the Schengen zone countries.
- St. Lucia citizenship by investment program was formulated by the st. Lucian government on 1st January 2016.
- Through an application process at the Ministry of Labour in St. Lucia, those who have extended their temporary residency for a minimum of two years can apply for permanent residency in the country.
The legal framework in St. Lucia seeks to foster competition and establish clear rules for foreign and domestic investors in the areas of tax, labor, environment, health, and safety. The Invest Saint Lucia Act addresses government policy for attracting investment. The Trade License Act, Aliens Licensing Act, Special Development Areas Act, Income Tax Act, Free Zones Act, Tourism Incentives Act, Investment and Stimulus Act, and Fiscal Incentives Act also impact foreign investment.
Peculiarities Of St Lucia Citizenship By Investment Program
Funds are deposited in an approved irrevocable escrow account managed jointly by the real estate developer and the Citizenship by Investment Unit in Saint Lucia. The process of obtaining citizenship in Saint Lucia is one of the fastest and easiest options. As a rule, the approval procedure takes no more than 2-3 months, and the applicants for obtaining a passport are not required to undergo an interview. In addition, it is possible to become a citizen of this island state without knowing the state language.
The most popular options for investors are a non-refundable contribution to a state fund and the purchase of the real estate. $250,000 for the main applicant and spouse, investment term 6 years. To qualify for citizenship as a single applicant, you will be required to make a government donation of $100,000, $140,000 for a family of 2, and $150,000 for a family of up to 4 members.
St Lucia Wins Who World No
• Visa-free travel to over 120 countries including all member nations of the Schengen Zone as well as the UK and countries such as Singapore and Hong Kong. The applicant who has been granted St Lucia economic citizenship must sign the oath of allegiance in front of an attorney at law, Consular officer of St Lucia, Honorary Consul of St Lucia, Notary Royal or Notary Public. Professional fees are required on all applications and will vary in relation to the number of dependents and the complexity of the application. Professional fees are required on all NEF applications and will vary in relation to the number of dependents and the complexity of the application. On approval, government contribution is made, or real estate completed.
When applying for St. Lucia citizenship,you must be familiar with all the important information about the application, the terms, official papers, etc. Due to its strategic location and abundance of natural resources, Saint Lucia was a target for French and British settlers who frequently battled over rule of the island until Saint Lucia finally gained its independence in 1979. Saint Lucian culture is very rich with influences of Carib Indian, African, English, and French heritage. With a population of 178,000, Saint Lucia is the 11th most populous country in the Caribbean, with one third of its population residing in the capital Castries. Saint Lucia is an island country located in the Eastern Caribbean and forms part of the Lesser Antilles.
Investment amount will depend upon the amount of dependents to be declared under the application. Once they take effect, the department will continue to accept applications at the discounted price. An average 3-bedroom apartment in the capital will cost around $1000 per month. St. Lucia has a modern law firm healthcare system, and its legal system is based on English common law. Be advised, the island does suffer from hurricanes occasionally, per its tropical climate. The nation’s major airport, Hewanorra International Airport, is a hub that connects with several large North American cities.
The European Union Citizenship by investment offers major benefits and greater security for the scheme-holders and has attained a lot of popularity in the world. The first program for investment-related citizenship was launched in 1984 and gained momentum in its second phase after 2009. The passport holders from Caribbean island nation holders were granted visa-free travel to Schengen zone nations. The countries within the EU have caught attained the benefits of investment programs since then to bring laurels to their economical structure. A growing number of countries are offering what is known as citizenship by investment or economic citizenship.
Requirements For The St Lucia Citizenship By Investment Program
Eligible dependents include the spouse and children under the age of 25 years, as well as dependent parents above the age of 65. The Citizenship Program of St. Christopher (St. Kitts) was established in 1984 and is one of the longest established economic citizenship programs in existence. The program requires applicants law firm istanbul to make an economic contribution to the country. To apply for Citizenship Program St Lucia applicants must be at least 18 years of age, be of a good character with no criminal record, and have good health. An applicant may apply together with his or her spouse and dependent children and other qualified dependants.