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St Lucias Cib Rebuffs Criticisms About Citizenship Programme

citizenship

St Lucias Cib Rebuffs Criticisms About Citizenship Programme

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Saint Lucia Citizenship

Government Application Fees

Offshore corporations and trusts are legal entities that are used by large international companies as well as small business owners. An offshore corporation can be easily set up and provides resident permit turkey numerous benefits and advantages. A processing fee of USD 3,000 for every application, $750 for Certification of Naturalization fee and $ 1,200 for expatiated passport issue fee.

A package of documents is submitted to the Citizenship Division for investment. At this stage, there is a payment of the administrative fee, as well as a fee for checking for reliability. St. Lucia is an economically and politically stable sovereign state, located 13.9 degrees north and 60.9 degrees west. The island is approximately 238 square miles and is part of the unique archipelago that forms the Antilles. Its shores are washed by the Caribbean Sea and the Atlantic Ocean and this picturesque island currently has a population of approximately 182,000.

Age Limit For Dependents

The Saint Lucia passport is a very versatile passport that provides for more than 140 countries, including the Schengen Area and United Kingdom. This is very important because travel opportunities and ease-of-travel are usually key ingredients in determining which Citizenship-by-Investment Program may work the best for an Expatriate’s specific situation. If you don’t have ancestors from Europe , or a few years to spare in a new country … and if donating six figures won’t make a severe dent in your budget, then you should indeed consider economic citizenship. Other factors – which we cover in this article on how to determine if citizenship by investment is right for you – are also important.

It is a parliamentary democracy with Queen Elizabeth II as its head of state. Today, Saint Lucia is a full member in the Commonwealth of Nation , United Nations, and the Caribbean Community . During the Coronavirus lockdown, the Citizenship Unit of St Lucia continues to be operational.

Obtaining Citizenship Of St Lucia Through Investing In Real Estate

She loves traveling the region in search of the best cultural and foodie adventures, places to stay and live/work opportunities. Saint Lucia recently became the fifth Caribbean country to launch a Citizenship By Investment Program joining Antigua & Barbuda, Dominica, Grenada and St Kitts & Nevis. The program officially started accepting turkish citizenship by investment applications on January 1st, 2016. Passports are an invaluable document dating back to Biblical times when individuals could be granted “safe conduct” letters requesting that the governors of foreign lands grant them safe passage. The first mention of a passport is in the Bible’s book of Nehemiah from approximately 450 BC.

st lucia citizenship

St. Kitts and Nevis is the oldest Citizenship by financial investment program on the planet. Dominica offers you and also your household a possibility to stay in the United States. Citizens enjoy privileges associated with citizenship of a Caricom country. St. Lucia is an island in the Lesser Antilles region of the Eastern Caribbean and is an independent commonwealth country, having gained independence from the UK on 22 February 1979. The country’s history has been influenced by the native Caribbean people, Africans, the British and the French.

Why Invest In Saint Lucia Passport?

St Lucia is an independent Commonwealth country situated in the Caribbean and forms part of the CARICOM. The island is part of the Lesser Antilles and can is near Barbados, St Vincent and Martinique. Persons who are present for more than 183 days a year will be viewed as residents of St Lucia and will therefore be subject to tax.

st lucia citizenship

St Lucia crafted a citizenship by investment programme to match the ambitions of all prospective applicants. Four investment platforms provide better opportunities with our good-for-business economy and implemented a 12,5% Value Added Tax in 2017. Tourism accounts for approximately 65% of GDP and has been established as the highest foreign exchange earner. To apply for Honorary Citizenship St Lucia applicants must be at least 18 years of age, be of a good character with no criminal record, and have good health.

St. Lucia allows dual citizenship, therefore there is no need to renounce your citizenship.You can include your spouse, dependent children, siblings and parents of the main applicant. St. Lucia is known for its excellent healthcare, your family will be able to enjoy life on one of the developed islands in the Caribbean. Maximum stay for holders of a St. Lucia passport who are travelling as a tourist is 120 days. United Kingdom St. Lucian citizens can stay for 6 months Vatican City Holders of a St. Lucia passport can stay for up to 90 days within 180 days in the Schengen Area. Applications under the Approved Enterprise Project would require an investment in an approved enterprise project . Option 1 outlines a minimum investment of US $3.5 million in a business, plus the creation of no less than three permanent jobs.

st lucia citizenship

Applicants are also not subject to tax on worldwide income and, furthermore, no interview, education or managerial experience are required. The benefits of obtaining citizenship through the Saint Lucia citizenship programme include a swift processing time of 3 months for the in-principle approval to be issued, after which the certificate of naturalisation is expressed. Certificates of Registration are granted to applicants after the application has been approved and the qualifying investment has been made. Basseterre is the capital of St.Kitts, a country which comprises of two Caribbean islands, St.Kitts and Nevis, where it derives its state name from and is located in the Eastern Caribbean. The economy of Saint Kitts & Nevis has traditionally depended on the growing and processing of sugar cane, however, decreasing world prices have hurt the industry in recent years. St. Kitts and Nevis is a member of the Eastern Caribbean Currency Union The Eastern Caribbean Central Bank issues a common currency for all members of the ECCU.

Citizenship By Investment Programme, Numbers, And Possibilities

Once cleared, file preparation begins and required documents are collected. With some changes in 2017, the Act enables investors and their families to obtain St Lucian citizenship through investment. Siblings of the principal applicant or spouse and above the age of 18 can be included. Dependents below the age of 25 can be included with principal applicant and obtain citizenship.

st lucia citizenship

Citizens and holders of a St. Lucia passport have visa free access to 121 countries worldwide. Citizenship in Antigua is available through a government contribution of $200,000 or an investment in real estate of $400,000. Applying for a golden visa in Portugal by investing €500,000 in Real Estate will allow the applicant and his family to apply for citizenship after 6 years. As one of the relative newcomers to the Caribbean CIP scene, the St Lucia program benefits from the experiences of the second citizenship programs of St Kitts, Grenada Antigua and Barbuda and the like.

Many countries, especially island countries, have no other investment options than a few sectors such as tourism. To get some money in the system, countries opt to give out their citizenship in return for some investment. Such a process of exchanging money for citizenship is known as Citizenship by Investment.

Consider that the spoken languages are English and French, and you’ve got yourself a new dream home. A selection of alternative residency and citizenship investment programmes to consider. There are several investment options for St. Lucia and it is important to gain the best advice. St Lucia citizenship can also serve to lower your taxes and protect your assets. Citizens of St Lucia do not need to pay taxes on world income, this is one of the best options for fiscal optimization. Please note that The Principal Applicant may then apply for their qualifying dependants A qualifying Dependant is Any person who is a qualifying dependant of an applicant may apply along with that applicant as a dependant applicant.

Via an investment in real estate or a financial contribution to the country’s economy, the St Lucian citizenship program offers eligible investors the opportunity to acquire full citizenship of the island. A CBI program – also known as an economic citizenship program Turkish citizenship 250.000 USD – allows you to quickly and legally acquire a second passport by making a donation or investment in that country. Foreign individuals may also apply for Saint Lucian citizenship subject to the full requirements laid down in Article 102 of the Citizenship Act.

  • The contents of this website are just for illustrative purposes and are NOT to be considered as a legal opinion or tax advice and should not be relied upon as such.
  • Saint Lucia passport gives you tourism access to 145+ countries without a visa.
  • $250,000 for the main applicant and spouse, investment term 6 years.
  • Remember that this opportunity is focused on bringing business and jobs into Russia rather than cash from the sale of passports, so it functions differently from the others described here.
  • As a result, you can keep your old nationality and still enjoy all your new St Lucia citizenship and passport benefits.

Owning Saint Lucia second passport can make you eligible to travel without a visa to over 145 countries globally, that includes popular locations such as Hong Kong and the UK. You and your spouse, your dependent children and parents and grandparents above the age of 65 can also obtain citizenship under one application with additional government fees payable. There are also additional fees such as due diligence fees, notary fees, background check, advisor and lawyer fee. The amount of these fees depends on the size of the families who will submit an application. The citizenship acquired under the St Lucia Citizenship by Investment program is fully recognized by the Government of Saint Lucia.

The applicant will undergo strict due diligence and must not have a criminal record. Alternatively, a joint investment of USD 6 million and the creation of 6 permanent jobs. If you are stuck on getting an EU passport then there are two options that are particularly attractive right now.

st lucia citizenship

St. Lucia belongs to the CARICOM, Commonwealth of Nations and the International Organization of Le Francophonie and boasts of its ease of doing business while offering a favorable environment for investors. NTL Trust is a Government Authorized Agent, covering all legal Citizenship & Residency by investment worldwide, including Caribbean programs, Montenegro & Turkey. Established since 1994 and provides legal consultations for High-Net-Worth Individual regarding CBI, Asset Protection & Wealth Management. Over the next few decades, it is possible that the area negatively impacted by hurricanes may expand in size. This is a factor to take into consideration prior to purchasing property anywhere near the hurricane belt; as is the cost of natural disaster related insurance costs over time.

st lucia citizenship

Choosing to donate, you must provide a $ 150,000 government donation to qualify for citizenship. We offer a bespoke array of financial services, access to the Global Citizen Forum and trusted guidance concerning immigration matters. Premiers is the Middle East’s largest immigration company based in Dubai, in the United Arab Emirates. We provide assistance to applicants who want to migrate, study, work or start a business in Australia, Canada, United Kingdom, New Zealand and other countries. With 15 years of experience in St. Lucia immigration, we have helped thousands of individuals and families from the UAE and around the world move permanently to St. Lucia and start new and fulfilling lives.

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