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Second Citizenship By Investment Program

resident permit

Second Citizenship By Investment Program

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St Lucia Citizenship

Business Enterprise

The applicant is required to execute a binding purchase and sales agreement for an investment in an approved real estate project. Investments, equaling the agreed purchase price, are deposited in an approved irrevocable escrow account managed jointly by the developer and the Citizenship by Investment Unit in Saint Lucia. Once an application for citizenship turkish citizenship by investment by means of an investment in a real estate project has been approved, minimum investment of USD 300,000 is required. Foreign investors can tap into a plethora of commercial prospects with access to both European and Asian markets, as well as the extra benefit of getting a Turkish passport through the Turkey citizenship by investment scheme.

In 1845, Arthur Wellesley Torrens, Lieutenant-Governor of Saint Lucia proposed that the laws for the territory be compiled. He stressed that English copies of the Coutume de Paris, Code de la Martinique, and British laws should each form part of the compilation. The compilation had not been completed in 1848, when Charles Henry Darling replaced Torrens as Lieutenant-Governor and he personally took on the task of completing it. In 1851, Darling sent his compilation to William Colebrooke, Governor-General of the Windward Colony, which was approved by the Legislative Council, and in 1853 the collected laws of Saint Lucia were first published. Another failed British colonisation attempt was made in 1639; this time by Thomas Warner who had settled Saint Kitts.

Moldova And Montenegro Offer Gold Passports

Immediate benefits of Saint Lucia citizenship, including a passport that allows visa-free or visa-on-arrival travel to more than 146 countries. The National Economic Fund was established in 2015 to receive qualifying investments of donations under the Citizenship by Investment Program. Funds collected will be used for purposes which have been approved by the government as part of the national development agenda. Namely, residents of Saint Lucia pay a personal income tax scale deriving from domestic activities. Individuals who are not residents pay taxes only on income received from local sources.

Unlike other countries, St Lucia does not require CBI program participants to renounce their original citizenship as a condition of their naturalization. As a result, you can keep your old nationality and still enjoy all your new St Lucia citizenship and passport benefits. St Lucia is a peaceful island nation with a long history of economic and political stability. A democratic country with low crime rates, St Lucia provides a secure foundation for long-term financial investment, property ownership, and residency. § 33 of this act established the Saint Lucia National Economic Fund , which receives the qualifying investments of donations from the program. These funds will be used by the government under the national development agenda.

Visa Free Access

The principal Applicant for citizenship must fulfil the personal requirements established under the St. Lucia Citizenship Investment Act 2015. Where you can get a valuable Second Passport in less than HALF the time compared to other countries. Many people haven’t even considered a Plan B – a plan that ensures no matter what happens next in your home country, you’ll have options and thrive. The most important thing you should ask yourself is WHY you need a second passport. Only once you are clear on why you want a second passport, can you determine how much it is worth to you and decide whether you want to go the investment route. If you’ve found yourself asking, “where can I purchase a passport”, you’ve now got a lot more information and plenty of choices.

St. Lucia citizenship by investment

A Second Passport – every passport in the world has some travel restrictions, mainly driven by political considerations. To enter some countries you will have to obtain a visa and answer a lot of questions. With the right passport you can free yourself of these restrictions.

St Kitts & Nevis Citizenship Program

Our team of residency and citizenship lawyers are able to assist prospective applicants in choosing the most suitable residence or citizenship programme. Our team is geared towards familiarising themselves with the needs of the applicant in order to help choose the best possible route that truly suits one’s personal any family needs. At the moment there are only five countries which are accepting citizenship applications submitted by Afghan nationals.

St. Lucia citizenship by investment

It is only with the assistance of Premier Consultancy I was able to get the passport for myself and internalize my business in the UK. Travel to over 131 countries Visa Free including Schengen Zone and EU countries and UK. St Lucia also features two sea ports including Port Castries which caters to the bustling cruise industry.

Investor Visa News

You are not required to have a physical residency if you want to remotely acquire a Saint Lucia passport. The St. Lucia National Economic Fund was established in 2015 under Section 33 of the Citizenship by Investment Act to receive donations under the Citizenship by Investment Programme. Monies received into the NEF will be allocated for specific projects to help the national development agenda of St. Lucia. There is no requirement to visit St. Lucia in order to qualify for citizenship, although all applicants are subject to a strict background check. Applications are processed within 3 months of the application being accepted for processing by the Citizenship by Investment Unit.

St. Lucia citizenship by investment

The brand was founded in 1976 in the United States and now operates in 78 countries, with Jamaica being the latest addition. The Government is being pushed to consider adopting a citizenship-by-investment programme with the funds gained through the process used for various development projects. To qualify for citizenship in Saint Lucia, applicants must be at least 18 years of age, have no criminal record, and be in good health. CanApprove Immigration Consultancy Services has been helping people to immigrate to various countries by guiding them & assisting them throughout the process.

Do You Need Specialized Help To Get Your Second Passport And Citizenship?

From now on, we have 60 days processing time, As per Government announcement . Access more than 127 countries with ST. Lucia passport visa-free, including Europe’s Schengen area, the United Kingdom, Russia, Singapore, and Hong Kong. If you really want a European passport and want to live in Europe you may also want to consider the easiest European passport options that don’t require any investment at all. Vanuatu’s Development Support Program requires an all-in cost of $180,000 for a family of four.

The real estate choices require the acquisition of a property for a minimum of USD 250,000 plus expenses. It was originally established at USD 1 million, but in 2018 it was decreased to its present level. You are also free from paying tax if you stay in the nation for less than six months per year.

When many Caribbean islands are offering similar CBI programs with extremely similar benefits and prices, failures like this matter. For example, the country’s lack of administrative efficiency caused the Range Development company to stop their plans of building a Ritz Carlton in Saint Lucia and go for a development in Grenada instead. However, the few cons that remain are all related to its newness and its unique approach to international affairs. Then, lodge your application with the Saint Lucian Citizenship Unit.

St. Lucia citizenship by investment

St Kitts committed expand visa waiver program with more countries and has recently signed visa waiver to Mexico, Georgia, Albania. Since 2105, the government has signed visa waiver with 19 countries. The St. Kitts & Nevis passport is very well regarded and has excellent reputation, and only relatively few passports have been issued under this citizenship-by-investment program by the Government.

St. Lucia citizenship by investment

Person who had faced visa denial from any of the countries to which St. Lucia offers visa-free travel and he/she has not subsequently acquired visa to the same Country. We have dealt with one of the principals of Polaris for over 30 years. We have found Polaris to be efficient, timely and most wise in their advice. We would recommend them to anyone and will of course use them again with every opportunity we have concerning citizenship by investment in St Lucia. There is no need to live in the country in order to be able to apply for citizenship. You can start using the passport from day one, board a plane without any visa to visit EU schengen states , United Kingdom, South Korea, Singapore.

St. Lucia citizenship by investment

Investors may apply with their spouse and dependent children, and, in some cases, dependent elderly parents. An investment of USD 500,000 in non-interest-bearing government bonds that should be held for five years. Following approval, your passports will be issued within two to four weeks.

St. Lucia citizenship by investment

So if you’re considering applying, there is no time left to procrastinate. Upon approval and receipt of the investment, Bulgaria issues the investor permanent residency. For applicants who chose to buy real estate, this residence could be included in the €2,000,000 overall investment. The main reason why we remind our readers about certain residency or citizenship programs is that it’s always possible that such programs may become more expensive, be suspended, or even disappear altogether. Malta was home to the first European Union-approved citizenship by investment program. Although Grenada’s citizenship by investment program only started in 2013, it has quickly established itself as a serious player in the field.

Which program is the optimal one for your own needs, tailored Variant. In what country are you with your nationality and culture feel most comfortable. Currently No governments officially accept Bitcoin/cryptocurrencies law firm istanbul for CBI schemes. Antigua approved accepting bitcoin, but the process still in the pipeline. These are the only four gold passports that have access to E-1 and E-2 visas to United States.

  • If an applicant is not eligible for citizenship or does not qualify for citizenship by descent, marriage, or naturalization, this can be your ideal option.
  • It was difficult but fulfilling work because I saw clearly how I could solve two real problems – helping people who need a second citizenship and facilitating the increase of foreign direct investment for Saint Lucia.
  • High elevation lookout-out points give view to the beautiful beaches below.
  • Annually, the Minister of Finance is mandated to gain approval from Parliament for the allocation of funds for specified purposes.
  • However, Premier Consultancy guidance and services made it happen smoothly.

After that, sending the documents to the Island where our lawyer will check the papers for the last time before submitting the application. Meanwhile, transferring the first payment to the government to submit the Documents. Qualified investment by the government is the only eligible for successful application. The minimum investment is $100,000, in addition to Government Fees, Administrative Fees, and Due Diligence Fees. Depending on the country, the investment amount can vary from just over $100,000 (St. Lucia and Dominica) to over $2.5 million , plus applicable processing and due diligence fees. For full coverage of everything you need to know about citizenship by investment, continue reading our full article.

It requires a minimum investment of US$ 250,000 in a national development fund, or US$ 400,000 in real estate or US$ 1.5 million in a government-approved business. The benefits of the program include a valid passport that allows visa-free travel to over 115 countries, including the UK, France and Canada. The Dominica Citizenship by Investment Program has announced a reduction of their government fees for the real estate option. A main applicant alone will now need to pay a government processing fee of $25,000 instead of $50,000. A main applicant and spouse will now need to pay $35,000 in fees compared to $75,000 previously.

Property registration, processing fees, and taxes must also be paid. Does your opinion change Andrew when it comes to taking the Carribean passport and giving up your current passport . This is something which is not covered anywhere and I have read all your articles to . Understand things better and actually find it quite detailed and straight forward.

The applicant also has to undergo a due diligence check and prove that he has clean a source of funds. The GRP is mainly a tax residence programme which allows applicants to subsequently apply for a residence permit. To submit an application, the main applicant must pay an application fee of EUR 6,000, rent or purchase a property in Malta and pay a minimum annual tax of €15,000. The applicant shall also not spend more than 183 days per calendar year in any other jurisdiction. Under this programme an applicant can add his/her spouse, dependent children, dependent parents and dependent siblings to an application.

St. Lucia citizenship by investment

If you’d like to expand your entrepreneurial empire by owning and running your own business in a different country, this option is for you. The number of visa-free travel countries gives you an indication of how your new passport will be received by world banks. The more countries a passport holder can visit visa-free, the greater credibility that passport holder has with the banks of those countries. For travel within the Schengen Area, passport controls have been abolished. Countries located in the European Union grant citizenship to the EU, along with the citizenship of the sovereign nation. The St Kitts & Nevis islands just like Dominica have more or less similar rules for Citizenship by Investment.

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