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St Lucia Citizenship By Investment Program

Caribbean Islands

Long validity passports only benefit investors and also important deciding factor. Malta is the only country that has visa waiver agreement with United States. Once you are refused by one country, you could be automatically refused by all other CBI countries.

This happens when the government is either unable or unwilling to make good on its fiscal promises to repay its bondholders. Countries are default on their national debts, pay high interest rates on borrowing eg. GOSL uses effective debt management strategy through the issue of securities and active government bond markets. The bond can redeemed by citizen or authorized agents after the holding period.

St Lucia Passport Visa Free Countries List 2021

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. Investors can also now qualify for St Kitts citizenship by buying a property in the country worth a minimum of USD 200,000 as long as they do not resell for seven years. For those who want the ability to exit their investment quicker, the minimum investment amount is still USD 400,000 for real estate that can be sold after only five years.

The special offer was originally set to expire at the end of 2020, but the government has extended the discount for another year. If the preliminary check is successful, a cooperation agreement is signed with Taurus International Holding Limited, a licensed agent of the St. Lucia programme, in order to obtain citizenship. Investments in real estate stand out because during the ownership can earn rental income – from 2 to 5% per annum.

Location: A Country In West Indies In The Americas, Lying Between The Caribbean Sea And The Atlantic Ocean

Under the terms of the British Nationality Act 1948 British nationals in Saint Lucia were reclassified at that time as “Citizens of the UK and Colonies” . The basic British nationality scheme did not change overmuch, and typically those who were previously defined as British remained the same. In 1957, Saint Lucia revised its Civil Code to incorporate aspects of British common law which were deemed necessary for the territory to join in a federal structure with other colonies. Specifically they repealed, among other items, Chapter 1, Section 17, which required wives to have the same nationality as a spouse. The main applicant must invest $500,000 in bonds, or $550,000 for a family of four. The Citizenship by Investment Unit carries out the processing of the case during the period from 3 to 5 months.

A child to be included in an application of a citizen may be either a legally adopted or a biological child. We suggest the Honorary Citizenship St Lucia will offer our customers a lot of benefits. The island’s main export is bananas, but they also export beer and petroleum oils. However, tourism is very important to the Saint Lucian economy with many visitors arriving on the island from cruise ships. Offering a comprehensive suite of financial and advisory services, APEX assists clients in navigating the complexities of international investing. With all the visitors, there are ample opportunities to get into the hotel business, international recreation, and boutique innovation.

Special Offer On Government Bonds

With citizenship by investment, you can often get your passport within a year. As I’ve said for the past few years, the Tier B passports that you get from Caribbean citizenship by investment are the wave of the future. Caribbean citizenship by investment is real, legitimate, and a great option for the right person. Granted, if you’re going to get Caribbean citizenship by investment, it’s probably a good idea to at least go there and see what’s going on – and many of these countries are beautiful and fun to visit. But when I discussing getting a second passport through citizenship by investment with the people I work with, they often get a bit concerned. The applicant is required to execute a binding purchase and sales agreement for an investment of a minimum US $ 300,000 in the already Government Approved Canelles Resort Saint Lucia Real Estate Project.

The government of St Lucia has renamed the government bond purchase option – COVID-19 Relief Bond. As a result, investors and their families can qualify for St Lucia citizenship by investment by purchasing the non-interest bearing bond and holding it for a minimum of 5-7 years. In contrast with the pre-existing program, the minimum investment amounts have been reduced significantly. As a citizen of Saint Lucia, you gain access to visa free travel to 128+ countries, visa free travel to all Schengen States, the United Kingdom and most British Commonwealth member countries.

After the 5 year period they are free to either keep or sell the property. The St Lucia citizenship programme requires the investor to make an economic contribution to the country as well as meet certain other requirements. The CBI programme is regulated by the Citizenship by Investment Act No. 14 of 2015. Whether you choose a foreign residency or a second passport via citizenship by investment, you’re on the right path. And while there’s no residency waiting period, it takes these governments a little time to process your application.

For everyone else, how easily you can get citizenship in St Lucia depends on how much you can spend. St. Lucia has one of the cheaper citizenship by investment programs in the world, starting at $100,000 USD. In May 2020, the Government of St Lucia introduced a special Covid relief bonds issued at minimum bid $250,000 as new option for citizenship by investment against the backdrop of Covid-19 pandemic. These special Covid bonds issued for limited time in US dollars, will be added to Consolidated fund which is used to finance capital development in the State and in particular, economic and social infrastructure. The above minimum investment amounts do not include applicable processing and application fees.

St Lucia provides visa-free access to 141 destinations, including the EU for 90 days in a 180-day period. Upon receipt, the CBIU will issue a Certificate of Citizenship, which will be used to obtain the passport. On approval, government contribution is made, or real estate completed. The country’s investment program is one of the more cost-efficient programs in the world. AAA Associates is a UAE-based immigration services company that specializes in the most in-demand areas of immigration and Citizenship by investment field. 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.

Bulgaria has updated the investment requirements of their economic citizenship program. Financing a bond investment in order to become a permanent resident of Bulgaria is no longer possible, and the minimum investment is now approximately USD 300,000. When it comes to generating economic growth, the Turkish citizenship 250.000 USD benefits of economic migration are undeniable. As a result, dozens of countries have implemented immigration policy and laws designed to attract wealthy individuals. In today’s mobile global economy, however, many high net worth individuals reside and conduct business at an international level.

Grenada citizenship can be obtained starting at USD 150,000 plus due diligence and additional fees. The Montenegro citizenship by investment program now allows applicants to include dependents below 18 years old. The relatively new economic citizenship program has great investment requirements, but previously did not allow entire families to qualify via a single application. St Lucia is now the first online citizenship by investment program, after launching a virtual citizenship application process. Investors can now apply online for economic citizenship in St Lucia, and the process is entirely done on the Internet including the payment.

In an uncertain world increasing numbers of people are looking for the security of a second citizenship for themselves and their families. A second passport can provide increased freedom to travel internationally, peace of mind, as well as enhanced financial security. Several Caribbean island nations offer citizenship to eligible applicants including the island of St Lucia. One major benefit of St Lucia citizenship is visa-free travel access. Obtaining a St. Lucia passport enables you to travel in over 120 countries without restrictions.

Following the approval of a CIP application, a qualifying investment to one of the St Lucia citizenship by investment programs listed below must be made. In 1911, at the Imperial Conference a decision was made to draft a common nationality code for use across the empire. The uniform law, which went into effect on 1 January 1915, required a married law firm istanbul woman to derive her nationality from her spouse, meaning if he was British, she was also, and if he was foreign, so was she. The statute reiterated common law provisions for natural-born persons born within the realm on or after the effective date. By using the word person, the statute nullified legitimacy requirements for jus soli nationals.

Currently, submission of files is made via the online portal and the additional documents can be sent via email with the hard copies to follow once the lockdown is over. Saint Lucia National Economic Fund is a special fund established under Section 33 of the Citizenship by Investment Act to allow qualified investmentors to Turkish work permit fund government sponsored projects. Be ready with police certificate, FBI clearance, health certificate clearance to start the initial filing. Your original birth certificate is required for the issue of Saint Lucia passport. Where that person comes to the island to work, a work permit must be obtained prior to arrival.

Its currency is the Eastern Caribbean Dollar , which is used by the six other members of the Organization of Eastern Caribbean States. Like Dominica, the program is considered the most economical program worldwide in obtaining citizenship by investment for one person only . The ability to include the spouse and children under the age of 30 in the main application. Eligibility of the parents of the main applicant (or his / her spouse), from the age of 55. St. Lucia launched its Citizen by Investment Program on January 1, 2016 giving qualifying High Net Worth individuals and their families the ability to apply for citizenship and a second passport quickly and efficiently.

Office space must be owned or leased for a minimum period of 2 years. No requirements to travel to Saint Lucia during the application process. Floissac Fleming & Associates, a leading law firm in Saint Lucia, is well poised to become an authorised agent under the Act and to thereby assist you in preparing and processing your application to become a citizen of Saint Lucia. If you wish to receive further information on the programme, please email us at and we will be happy to assist you. Becoming a citizen of the beautiful island of Saint Lucia holds marked advantages.

• One of the world’s most coveted second citizenships; St. Lucia’s citizenship by investment program is a mainstay option for investors wishing to broaden their mobility freedom.
• No residency or travel requirements, except that the Oath of Allegiance must be taken in Saint Lucia or before any Saint Lucian Embassy, High Commission, or Consulate.
• This page reflects the UK government’s understanding of current rules for people travelling on a full ‘British Citizen’ passport, for the most common types of travel.