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Saint Lucia Citizenship Program

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Saint Lucia Citizenship Program

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The 5 Best Second Passport Islands In The Caribbean

Protected: Privileges And Hypothecs In St Lucia

The tropical island of Saint Lucia has a quality of life that is rivaled by very few places in the world with a relatively low crime rate, access to modern facilities, services and infrastructure, world class restaurants and hotels. Residents have the options of living closer to the major population centres or closer to the more tranquil countryside to enjoy greener living. It takes just over an hour to travel from the north to the south of the island on a light traffic day, so no place is very far. All this from one of the most picturesque islands the Caribbean has to offer. There is a range of Caribbean citizenship programmes to choose from, with each one offering fast decisions and the opportunity for visa-free travel to well more than 120 countries. The programmes are similar, but do include slight differences according to the laws of the island nation in question.

st lucia citizenship

If applicable, the “Real Estate Reservation Agreement” and down payment for the property is collected. Additionally, all of the application forms are filled in completely and the supporting documents are collected. The completed application package will be checked by our legal team. Essentially, the program has become open ended for newborns, new spouses and qualifying dependents for up to five years after initial the application was made. Dependent parents and grandparents over the age of 55 who are supported by the main applicant may be included. The Saint Lucia National Economic Fund is a special vehicle created under section 33 of the St Lucia Citizenship by Investment Act for receiving nonrefundable contributions to government sponsored projects.

Buy Your Second Passport Pay Less Taxes Protect Your Assets Become A Citizen Of St Lucia

In this place, a lot of visitors live as a citizen and enjoy the festivals, carnivals, and other activities. To contribute to the development processing of this country, they provide the facility to gain citizenship in this country. You can easily gain a free visa for the south amerce and European Union from here. The enterprise option requires a minimum investment of at least $3,500,000 in an approved enterprise project. An investment in an approved real estate development with a minimum value of USD 300,000 which must be held for a minimum period of five years.

Investments in government bonds and infrastructure – hotels, marinas, resort complexes – are repayable. Visa-free travel to over 134 countries including all member nations of the Schengen Zone as well as the UK and countries such as Singapore and Hong Kong. The donation amount may vary based on the number of dependents included in the main applicant’s application. The island covers 617 square kilometres and has a volcanic origin, making it more mountainous than most other Caribbean islands. Tourism is the main source of revenue for Saint Lucia, for example, 65% of GDP comes from tourism.

Caribbean Citizenship

This is an especially apt point right now, with countries spending billions and trillions in pandemic programs… and when countries that rely on tourism, such as those in the Caribbean, are suffering from the lack of travel. These governments usually spend this money on education, healthcare or infrastructure. Technically, you obtain citizenship by “donation” since you will not get your contribution back. However, just like with taxes, most countries will not make you go through with military service if you don’t live there. One great benefit of living or having citizenship abroad can be the ability to minimize your tax burden.

st lucia citizenship

The application must be submitted on their behalf by a licensed agent — a law firm that assists applicants at every stage of the citizenship process. Together with the main applicant, citizenship is also offered to their spouse, children, parents, brothers and sisters, if included in the application. The Risk free Government bond option is the best option since the entire investment is refunded by government after 5 years.

More Programs By Financial Assets

Invest in a government approved real estate project for not less than $400,000. In the case of the real estate investment route, the Dominica Citizenship by Investment Program requires an investment of $200,000 in an approved real estate project, which is the lowest level of investment for a single applicant. NTL Trust is a Caribbean company through and through, with a wealth of regional and global experience in business immigration and citizenship by investment.

This type of insurance is priceless for investors and their families. This passport can be renewed every time it expires for an indefinite number of times. One of the advantages of St. Lucia citizenship is that there is no taxation on your wealth, foreign income, capital gains, or even inheritance when you become a citizen of St. Lucia. Under the processing of our skilled team, your visa is fully processed and ready to go. We also have the study visa, professional working visa and family also.

Holders of Dominican passports can use them to travel internationally and benefit from the many visa-free travel regimes the Dominican Government has established with its allies across the globe. Some of the major hubs available to those travelling on a Dominican passport include the United Kingdom, with whom Dominica shares a long history, Singapore, Hong Kong and the European nations of the Schengen Area. Dominica hosts the world’s second-largest hot spring, Boiling Lake, and is home to many rare plant and animal species, including our national bird and symbol, the Sisserou Parrot. Our clear and calm sea offers spectacular dive and snorkelling sites, including shipwrecks and even underwater hot springs.

There are required background checks payable to the Government’s preferred due diligence agency that will use Interpol, World-Check and other Government agencies to screen applicants based on their application. The fees are required for both the NDF and the real estate investment options. In addition to the purchase of the government approved real estate, there are government fees to be paid. Offshore universitiesOnce approved the enterprise project becomes available for qualifying investments from applicants for citizenship by investment. Purchase of property for $300 thousand or more in approved real estate development projects.

Need Our Assistance With Citizenship & Residence Planning Services?

Some of them even conduct their own due diligence checks to eliminate risks of refusal. We can arrange consultation with an Imperial & Legal advisor either in our office or remotely by telephone or WhatsApp/Zoom/Skype. Our experts will help you to choose the right investment option and provide a breakdown of St Lucia citizenship costs for you and your family. Imperial & Legal qualified advisors will assist you in any issue concerning St Lucia citizenship by investment program. Imperial & Legal adopts personalised approach since all our clients and their personal circumstances are unique. St Lucia is an offshore zone that offers favourable opportunities to register an international company since St Lucia-registered companies trading abroad don’t pay tax on foreign profit.

The application for St Lucia citizenship by investment of the qualifying dependent was made no more than five years after the application was made by the citizen. To apply for the St Lucia citizenship programme, the main applicant and any dependents must have a clean personal background with no criminal record and not be under any criminal investigation . Spouses and dependent children up to 25 years can be included within the same application to obtain St Lucia citizenship by investment and a St Lucia passport. You can also include your dependent parents who are 65 years and above. Applicants are required to purchase property with a minimum value of $300,000 USD from a list of approved real estate projects.

Montenegrin Citizenship: Answers To Investor Questions

In May 2020 a temporary bond offering was launched offering an option starting at $300,000 for a single applicant with return of capital in five years. In some case additional documents may be required, such as a recommendation letter. The processing time of your registration in this citizenship by investment program varies from 3-4 months, at the end of the process you will receive the citizenship and passport of St Lucia. Ease of processingThe average time for processing a St Lucia second passport is three months and the process of application for St Lucia’s CIP is known to be transparent and thorough.

For over 20 years, we have been helping people with their UK and Australian visaapplications. If you’ve overstayed your visa, our Overstayer Status Trace service can assist to regularise your visa status. Countries who offer citizenship by investment uphold a high reputation of examining applicant’s risk for criminal activities, money laundering and corruption. This process is done through a rigorous procedure called due diligence and to some it may be known as background checks.

st lucia citizenship

In June 2015, twelve Commonwealth Caribbean countries including St. Lucia established a regional body to enhance transparency and to help fight corruption. The Association of Integrity Commissions and Anti-Corruption Bodies in the Commonwealth Caribbean supports regional efforts to promote integrity and address corruption. St. Lucia’s government and citizens appreciate responsible business conduct. The private sector typically engages in projects that benefit society, and support environmental, social, and cultural causes. As a member of the OECS, there are no exchange controls in St. Lucia, and parties can invoice foreign trade transactions in any currency. Importers are not required to make prior deposits in local funds and are not required to surrender export proceeds to government authorities or to authorized banks.

For single investments, the minimum requirement is USD 3,500,000 plus the creation of at least 3 permanent jobs. In the case of joint investments, each applicant has to contribute at least USD 1,000,000 to the total investment of minimally USD 6,000,000. Under the joint option, the minimum of permanent jobs to be created is 6. HotelCitizenship.com is a platform for investors to acquire citizenship by investing in luxury five star hotels through citizenship by investment schemes. This platform directly connects foreign buyers and property developers without the need for intermediaries.

To help people make well-informed decisions when evaluating available international citizenship options, we provide information about highly distinguished economic citizenship programs. The options include a contribution to St Lucia’s National Economic Fund, investment in real estate, or in Government bonds. The St Lucia Programme does not impose residency requirements, meaning there is no interview, nor is one required to reside or be in St Lucia at any point. St Lucia offers very competitive investment options, which are worth considering when choosing the jurisdiction for second citizenship.

Investors can now apply online for economic citizenship in St Lucia, and the process is entirely done on the Internet including the payment. There are also law firm countries with investor immigration programs that include expedited citizenship. The Bulgaria Economic Citizenship Program is one such hybrid scheme.

st lucia citizenship

It reissued them with the holder’s place of birth and any other names by which he or she had been known. Countries began blocking St. Kitts citizens from entry on grounds that the passport could be used to facilitate terrorism. Of course, this was at the behest of the United States who was looking to enforce it’s FATCA system. In such a market, countries are not interested in diminishing their brand by selling you a passport for $50,000.

The “Citizenship By Investment Act” outlines the ways you can become St. Lucian. Your minimum investment would be a $100,000 donation to the National Economic Fund. If you’d like to purchase real estate, you’ll need to spend at least $300,000 and own the property for five years. You can also purchase $500,000 in St. Lucian government law firm bonds and hold them for minimum 5 years. If you have the funds to invest in a business, you’ll be required to spend minimum $3.5 million into an approved project. Option 4Finally, St Lucia offers a fourth investment option, the purchase of non-interest-bearing government bonds, which applicants must keep in their name for five years.

st lucia citizenship

The Government of Saint Lucia shall be the registrar and paying agent for the securities. The amount of the investment will depend on the whether the investor is applying alone, with a spouse or otherwise as offered under the CIP. From submission of the application to an approval in principle, applicants are generally expected to wait three months. Dominica’s Citizenship by Investment Programme dates to 1993 and allows you to become a citizen of a country focused on sustainable growth and development. The notice further states that the pursuant ofSt Lucia Citizenship are required to pay a non-refundable administration fee of USD 50,000for each bond.

st lucia citizenship

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