7 Countries Where You Can Buy Citizenship & A Passport
Saint Lucia Citizenship By Investment Program
Providing false information or being convicted in criminal activities may be the reason for annulling the citizenship and the alternate passport of the investor might be revoked. Applicants, who pose potential national security risk or have been denied an entry visa to the countries with which St. Lucia has a visa-waiver agreement, can not qualify for economic citizenship scheme. The St Lucia economic citizenship processing time is 3 months, if there is an expected delay the CBIU will provide a written reason to the authorized agent. Unmarried siblings of the main applicant below the age of 18 may be included as dependents with no additional costs e.g. fees are the same as other dependents. A minimum investment of US$3.5 million USD into an approved enterprise project which creates at least 3 jobs.
The pricing for a couple comes in at approximately $165,000, but for a single applicant, this program does offer excellent value relative to price. By as early as 2019, over 630 economic passports were issued to new St Lucian citizens under the program, raising approximately $40 million in revenues for the St Lucian government. The applicant can include in their application, children below the age of 25 as well as parents over the age of 65 who qualify as dependents. Saint Lucia National Economic Fund is a special fund established under Section 33 of the Citizenship by Investment Act for the sole purpose of receiving qualifying investments of cash, for funding approved government sponsored projects. Annually, the Minister of Finance is mandated to gain approval from Parliament for the allocation of funds for specified purposes. Once these purposes have been specified and approved, the non-refundable qualifying investments made through the Citizenship Investment Program will be utilised for these purposes.
Countries Offering Citizenship By Investment
Our job is to simplify the document collection as much as possible and when required we obtain the documents for the client without their involvement. Please note the below list is to be used as a guideline only, after assessing the particular case Citizenship Invest prepares a personalized checklist. This country’s passport offers visa-free, or visa-on-arrival, entry to over 120 countries and territories!
Consequently, if you have a son or daughter that is in their late 20s and still studying full time, Grenada may be the best citizenship by investment country for your family. The island nation has also lowered the minimum age of dependent parents from 65 to 55, making it easier than ever to include family members both young and old in a single investor citizenship application. Obtaining a powerful second passport through a reputable economic citizenship program can provide business professionals with unparalleled freedom to travel as well as increased political and economic diversification. There are, unfortunately, a number of poorly implemented, rogue, or even blatantly fraudulent immigration and citizenship schemes in existence today. To help people make well-informed decisions when evaluating available international citizenship options, we provide information about highly distinguished economic citizenship programs. A growing number of countries are offering what is known as citizenship by investment or economic citizenship.
Citizenship Of St Lucia
We are proud to have been the first authorized agent to submit a file to the Citizenship by Investment Unit in March 2016, three months after the programme was open to accept applications. We were very excited and anxious to claim the honor of being the ones to introduce the first citizens by investment to Saint Lucia. Since that first application in March law firm istanbul 2016, we have submitted many more applications and been very successful on behalf of our clients. We now have a proven process that has led to us having a 97% success rate. St Lucia Citizenship by Investment Program came into existence only on the 1st of January allowing applicants to bring in their spouse, children, and parents to apply for citizenship.
Saint Lucia has been able to attract an influx of foreign business and investment, primarily in its offshore banking and tourism industries, which is Saint Lucia’s main source of revenue. Saint Lucia has the newest, and arguably, the best positioned citizenship-by-investment program in the Caribbean. Saint Lucian citizenship will not only allow for increased ease of travel, it can also open doors to rewarding business opportunities around the world. Applications for citizenship by investment must be submitted in English by an authorised agent on behalf of the applicant. The manufacturing sector is the most diverse in the Eastern Caribbean area. Crops such as bananas, cocoa, coconuts, avocados and mangos are grown for export.
A Mountainous Gem In The Caribbean
St Lucian citizenship can be also acquired through the Citizenship by Investment Programme, regulated by the Citizenship by Investment Act, giving foreign national several investment options by which to claim St Lucian citizenship. Hence, persons born in St Lucia are eligible to apply for citizenship. Children of St Lucian parents born outside the country can also apply. Marriage to a citizen of St Lucia and seven years of continuous residence in St Lucia are also considered a legal basis for obtaining citizenship.
(non-refundable contribution, purchase of real estate or investing in government bonds). The combined size of 442 square kilometers and a population of over 80,000 make Antigua & Barbuda the ninth-largest country by size in the Caribbean. The country’s economic citizenship program facilitates the comfort of visa-free travel to more than 100 countries. Applicants may purchase property valued at a minimum of US$200,000 in a government-approved real estate development.
Vanuatu Citizenship Program
Besides your spouse, you can now include children up to the age of 30 as well as parents over 55 if they are fully supported by you. An unmarried sister or brother who is under 18 can also be included in your application. The category of ‘qualifying dependant’ has been expanded and now includes the option to “add-on” qualifying dependants in all investment options for the granting of citizenship. Having a dual passport allows you to become a citizen of two countries, it gives you numerous benefits and advantageous including freedom of mobility.
The due diligence fees for the main applicant is $7,500 and $5,000 for each dependent over the age of 16. Another easy way to secure Citizenship is by investing in a business opportunity in the island nation. One of the most admired and sought after island nation in the Caribbean region, St. Lucia provides easy Citizenship by Investment within 3-4 months from the time of application. It is a beautiful eastern Caribbean Island with a high earning population, very safe and having absolutely mesmerizing weather with landscapes to enjoy and admire. The application procedure for the Citizenship by Investment programme is also straightforward and simple.
Overview Of Saint Lucia New Alien Landholding Legislation
See the chart below for a quick summary of fees and costs of each option. Please note, there are other fees associated with the citizenship application process. Applicants may select from several options to meet the citizenship by investment criteria, including real estate. Be it St Kitts & Nevis, St Lucia, Grenada or Dominica, a Caribbean passport can give you visa-free entry into numerous countries around the world and in the European Union.
Speak with one of our citizenship and residency advisors today to find out how a second passport or residency can enhance your life. Despite it’s small size, the island of St. Lucia is recognized for being a world-class travel destination. St. Lucia is packed with luxurious resorts which take advantage of the beautiful and varied scenery. Throughout the island are some of the world’s best beaches, but the remainder of the island is split. In the north, Rodney Bay and Castries City, which offer a blend of modern immenities and beautiful scenery. Through old plantations, unspoiled hidden beaches and the widely photographed Pitons, you will become immersed in the natural beauty and history of St. Lucia.
Processing time in Antigua & Barbuda can be as fast as five to six months. Countries offering the most popular citizenship by investment programs include Antigua & Barbuda, St. Kitts & Nevis, Grenada, Dominica, and St. Lucia. To maintain the citizenship a minimum residency of 5 days over 5 years each year is required.
- We are honoured to be trusted with offering governments expert advice that helps bring multi-millions worth of foreign direct investment into the country.
- Offshore banking is designed to provide investors and wealthy individuals with personal and corporate bank account management solutions in a foreign country.
- No physical residency is required and all family members are eligible.
- This change, coupled with projected positive economic growth, particularly in the tourism and construction sectors, was supposed to help the economy grow and raise more foreign direct investment.
- The real estate options entails property purchase of a minimum of USD 250,000 + fees.
- Countries who offer citizenship by investment uphold a high reputation of examining applicant’s risk for criminal activities, money laundering and corruption.
A Grenadian passport offers visa-free travel to 142 countries including the UK, China, Singapore and many more. Caribbean citizenship provides visa-free travel to as many as 157 nations. We offer a range of programmes, with a variety of investment options to choose from. To learn more about how to get citizenship in the Caribbean, or about the best work permit turkey Caribbean citizenship programme for you, get in touch with our team today. The island nation attracts foreign business and investment, especially in its international banking and tourism industries. Tourism is St. Lucia’s main source of employment, foreign exchange earnings, and income, accounting for 65% of jobs and income and 65% of its GDP.
It also analyzes the documents confirming the legal origin of the invested funds. The third component of the test is the study of the applicant’s biography, which is performed to determine the accuracy of the information provided about the identity of the applicant for citizenship of Saint Lucia. Saint Lucia has inherited decades of experience from its Caribbean neighbors.
You can also travel to more than 100 countries without visa and these include Hong Kong, the UK, and Schengen Zone. All foreign investors and families qualify for St lucia citizenship under real estate investment scheme, which requires a minimum USD 300,000 purchase of approved property in St Lucia in Hotels, Resorts, Luxury home in Saint Lucia. Property buyers have to bear additional fees such as property registration fee, citizenship processing fee, due diligence fee etc.
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. 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. When applying for St. Lucia citizenship,you must be familiar with all the important information about the application, the terms, official papers, etc. 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.
Where, in exceptional cases, it is expected that the processing time will be longer than three months, Henley & Partners will inform the applicant of the reason for the anticipated delay. If by best you mean cheapest, then it’s the donation route that you should go with. By far the cheapest and simplest in terms of its structure, the donation fund will receive your once-off donation, you’ll pay the fees and be done with it all. Alternatively, if by best you mean the investment that allows you to recoup the principle, it’d be the government bonds option.
The Austrian passport offers very visa-free or visa-on-arrival travel, including visa-free access to the USA. It is without a doubt among the most powerful travel documents in the world. The Caribbean Citizenship by investment programmes are an ideal way to get citizenship and permanent residency to the most popular Caribbean islands, which are surrounded by beautiful locales and offer a relaxing environment. The one stop shopping platform for golden visas and citizenship by investment programs.
The current minimum investments for donation to the investment fund are $100,000 for a single applicant, $165,000 for a couple and $190,000 for a family of four. In addition, St. Lucia recently made several key amendments to its legislation to make its citizenship-by-investment program even more attractive to investors with families. The category of ‘qualifying dependant’ has been expanded and now includes the option to “add-on” qualifying dependants in all investment options for the granting of citizenship.
Always evocative, the island welcomes visitors with soothing waves, warm beaches and hospitable people. The only sovereign nation named after a woman, the island personifies adventure and inspiration. Saint Lucia started their citizenship by investment program in 2015. The main applicant and any dependents must have a clean personal background with no criminal record and not be under any criminal investigation . No changes were made to the donation fee for individuals, which is $150,000, plus real estate investment. Applicants can alsomake a $100,000 donation and invest $300,000 into real estate with a three- to five-month wait time to gain citizenship.
You get to cool off the heat in azure waters or perhaps lie in sublime white sands and watch the cloudless sky. This Caribbean nation has one of the most robust citizenship by investment programs. There are three investment options which serve as a qualifier for the Antigua and Barbuda citizenship programme. There is no minimum stay required, so you may stay in Saint Lucia for less than 14 days.