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St Lucia Citizenship By Investment Program

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St Lucia Citizenship By Investment Program

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St Lucia Citizenship By Investment Cbi Program

The Following List Is An Overview Of The Required Forms And Documents For St Lucia Citizenship By Investment:

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. In the case of a family with 2, 3 or 4 members (i.e. main applicant plus 1 to 3 dependants – spouse and/or children), the Antigua Citizenship by Investment Program is least inexpensive, with a required investment of $100,000 . Antigua & Barbuda’s Citizenship program therefore offers best value for a family. In each case, there will be additional costs, including paying a commission to a local agent that will submit your citizenship application to the government, as well as covering due diligence and processing fees. In exchange for the real estate investment or donation, investors receive a second passport that allows visa-free travel to 122 countries, including the Schengen area, the United Kingdom and Brazil.

St. Lucia citizenship by investment

Other European citizenship through investment programs are still open in Cyprus and Malta. Citizens of Bulgaria and Romania now enjoy visa-free travel to Canada. Consequently, interest in the Bulgarian citizenship by investment program is expected to increase. The United Arab Emirates has announced major changes to their citizenship laws making it possible for foreign nationals living there to apply for citizenship. The country also plans to position the UAE Golden Visa as one of the most desired investor visas on earth. You don’t need to go anywhere else but us once your second passport expires.

Investments Options

For a single applicant, a donation of $100,000 is required, while for a couple, the donation is $140,000 and for a family of four, just $150,000. The latter has been reduced by $40,000 during Covid-19 only though government and processing fees of $17,500 are extra. Any additional qualifying dependents will cost $25,000, or $15,000 if going for the family of four option and admin fees equal $30,000.

An unmarried sister or brother who is under 18 can also be included in your application. There is a Waiver of non-refundable administration fee for main applicant and children who are under 18 and enrolled in educational institution. If by law firm 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.

Looking To Obtain The Most Affordable Second Passport In The World? Priced From Only $100,000 And Offering Visa

Each additional family member requires a separate, additional fee, based on his or her age/relationship to the primary applicant. Please be aware that under the terms of the St Lucia CBI program, once processed, all St Lucia donation fees are non-refundable. St Lucia is an eastern Caribbean nation located on the south east coast of North America. Selling the real estate or bonds earlier than the stipulated minimum period leads to the citizenship by investment being revoked. By law the investor cannot submit their citizenship by investment application themselves.

St. Lucia citizenship by investment

The St Lucia Citizenship By Investment Board conducts a thorough due diligence process to ensure only the highest moral standing applicants can proceed. Applicants are required to provide personal documentation such as passports, national IDs, birth and marriage certificates, and proof of funds. Along with the required documentation, applicants have the choice of proceeding with 4 investment options.

Schedule Of Fees

4 of the 5 Citizenship by Investment programs in the Caribbean have no residency requirement whatsoever. This means that successful applicants are not required to become resident, either before or after citizenship is granted. The US’s E-2 Investor Visa allows qualifying individuals making a substantial investment in a new or existing business in the USA to enter and work in the USA for a period of 3 months to 5 years . All 5 passports allow visa-free travel to Middle Eastern countries including Israel and Jordan.

St. Lucia citizenship by investment

All applications can now be filed online through dedicated digital CBI platform. Additional agency fee applies for all investment route charged by law firms. We’ve helped dozens of people obtain their Saint Lucian passport in the past, and Andrew has Turkish resident permit personally obtained Saint Lucian citizenship too. When you start adding complexities, such as family or alternative investment routes that you potentially would want to consider, the costs rise, which is why each case must be looked at individually.

What If My Application Is Refused?

If the authorised agent is a company, the names, addresses, telephone and facsimile numbers, and professional profiles of all shareholders and their nationalities . If the authorised agent is a company or partnership, the names, addresses, telephone and facsimile numbers, and professional profile of all directors or partners and their nationalities . A qualifying dependant who is 16 years of age or older shall undergo a mandatory due diligence background check before any decision is made in relation to his or her application.

  • With St Lucia second passport, it is easier to work with large international banks.
  • There is definitely a tax on personal income derived from abroad, if you reside in St Lucia.
  • The main premise of the Act is to enable individuals and their qualifying dependents to acquire citizenship of St Lucia by registration following a qualifying investment.
  • Pay the requisite non-refundable processing, due diligence and administrative fees upon application.
  • The city is located in Castries Quarter in the northwest of the island, one of eleven ‘quarters’ that the country is divided into.

Saint Lucia, a sovereign island in the West Indies, located in the Eastern Caribbean Sea, is the 2nd largest of the Windward Islands. More interestingly, Saint Lucia’s citizenship can be inherited which makes it easier for the entire family to get saint Lucia passport within a shorter duration of time with ease. Citizenship by investment may be made through the purchase of Covid-19 relief bond. The applicant makes a non-refundable monetary contribution to the St. Lucia National Economic Fund. A qualifying investment under the Citizenship by Investment Program shall satisfy at least minimum investment in one of the approved areas. You can acquire a second citizenship and passport from a host country by investing in the economy of that country.

Have been denied any category of visa to a country which St. Lucia has visa free access and has been unsuccessful in subsequently obtaining visa. Be required to attend an interview in St. Lucia or at an embassy or High Commission of St. Lucia prior to the consideration of his or her application for citizenship by the Board. Unique Government Bond investment option not available in other Caribbean CBI programs. Holders of the Antigua and Barbuda passport enjoy visa-free access to 151 countries, including the U.K. In March 2013, the Senate of Antigua and Barbuda voted to establish a Citizenship-by-Investment Program to spur growth in the islands.

St. Lucia citizenship by investment

Many economic citizenship programs do not allow dependent children older than 25 years of age to be included under their parent’s second citizenship by investment application. Consequently, Antiguan economic citizenship may be the optimal program for global investors with children in their mid-20s. The Caribbean citizenship by investment “price war” continues, this time with Grenada making changes to its curriculum.

Applicants For Maltese Citizenship Will Start Stating Their Tax Residency In Order To Obtain A Passport

The Saint Lucia citizenship by investment program was established in 2015, becoming the fifth country in the Caribbean region to launch a second citizenship by investment program. Saint Lucia Citizenship by Investment program permits all nationalities to obtain a second passport. Additionally, you are required to make a non-refundable donation to the Saint Lucia National Economic Fund or make an investment in government-approved real estate projects. The applicant is required to execute a binding purchase and sales agreement of an approved project for the following amount in order to qualify for citizenship. CBF’s high experienced specialists offer you professional help on different Investments and how to obtain St. Lucia citizenship and passport by investment. We customize the best solution for you and your family based on your specific situation and requirement.

Unique landscapes, tropical forests, national parks, sand beaches, clear ocean water and friendly hard-working local population attract up to 300,000 tourists annually. Pay the requisite non-refundable processing, due diligence and administrative fees upon application. AIM Capital Partners will require clients to scan all documents to their client relationship manager in order to ensure the documents have been prepared in the correct manner. An initial internal due diligence check will be carried out on each applicant to assess their suitability for the Saint Lucia citizenship programme. Confidential application process with no exchange of information with other Governments.

In addition, the passport will fulfil the basic requirements that most are looking for. Having dual citizenship inevitably creates new trade and business opportunities. These opportunities could be both in the country where second citizenship is obtained, as well as in the countries where you have increased access due to having a stronger passport. This is because most developed Western countries have extremely high tax rates, whereas the countries which offer citizenship by investment mostly have very friendly tax laws. St Lucia signed a mutual visa waiver agreement with Schengen Area countries on 28 May 2015. The process of applying for citizenship in St Lucia is rigorous and requires diligent preparation in order to gather all the information needed.

Enjoy the flexibility to take business trips on short notice, or opt for a European family holiday – experience all Europe has to offer with Noorco. Turkey passport holders have visa-free or visa on arrival access to 110 destinations including Singapore, Qatar and South Korea. Turkish Citizenship offers the easiest and most affordable route into the USA and UK. Caribbean countries have captured top spots due to the significant changes they made to their programs . This comes as no surprise considering Caribbean is the birthplace of citizenship by investment.

Moreover, shared ownership in one of the crucial developments comprises being a passive investment maker and not having a part in managing the project. Here, the example can be the USA’s EB-5 Visa Programme, where you can learn about passive investment, which leads to PR. However, in St. Kitts and Nevis, an investor can either be a fractional or entire investment. A second passport may be advantageous when it comes to tax optimisation purposes. For instance, several countries tend to tax income earned from the home country and won’t hold capital gains to taxes. Such a situation allows foreign investors to manoeuvre their wealth effectively and efficiently.

The Queen of England is the Head of State, represented on the island by a Governor-General. We can help you register addresses, Social Security cards, local SIM cards, driver’s licenses, and more. You can get a full list of additional services wight after contacting us. The capital city is located in the northern section of the island and represents approximately 40% of the population.

St. Lucia citizenship by investment

To apply for the Honorary Citizenship St Lucia the applicant has to make a significant economic contribution to the country. We will guide you through the whole submitting process for the Honorary Citizenship St Lucia. The cost of acquiring citizenship by investment in St Kitts and Nevis has been temporarily reduced. 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.

In 1667, after signing the Treaty of Breda, which ended the Second Anglo-Dutch War, the colony was transferred to the administration of the French West India Company. When that company was dissolved in 1674, Louis XIV made it a crown colony, as a dependency of Martinique. As colonisation spread throughout the island, settlers brought in slaves to work the coffee and cocoa farms they had established. In France, the precursor to nationality, which evolved during the Ancien Régime, was a system of feudal allegiance in which subjects were bound together by a scheme of protection and service tied to land ownership. Possession of land was typically tied to military and court service and omitted women because they could not perform those obligations. Thus, French nationality also derived from place of birth in French territory, until the nineteenth century, but under feudal law married women were subjugated to the authority of their husbands under coverture.

St. Lucia citizenship by investment

EURO 600,000 is only applicable if you will wait for 3 years instead of one. On an annual basis the Minister of Finance is mandated to obtain approval from Parliament for the allocation of funds for such specified purposes. Once these purposes have been identified, specified and approved, the non-refundable qualifying investments made through the Citizenship Investment Program will be utilized for such specific purposes. Purchase a minimum of $500,000 in non-interest bearing government bonds.

St. Lucia citizenship by investment

Investors qualify for citizenship in St Lucia for buying Government bonds at discounted price for USD 250,000 with 5 years lock out period. After 5 years you get the entire $250,000 back and you keep the citizenship for life. There is definitely a tax on personal income derived from abroad, if you reside in St Lucia. If you stay out of the country or a non-resident, then you avoid local taxes, but the point of the citizenship might be slightly lost then anyway. You can travel to over 145 countries visa-free with your Saint Lucian passport, including all of the EU, the UK, Ireland, Singapore, Hong Kong and many others.

You must work with a government-approved agency to do this and to lodge an application. The good news is that the eligibility requirements are pretty standard and don’t make it too difficult for a Nomad Capitalist to tick all of the boxes. $250,000 for a six-year hold period, or they can increase the investment amount to $300,000 and reduce the hold period to five years.

A key benefit of the St Lucia CIP is that you’ll only be required to make the capital transfer once your application has been approved. CBI Guide – your comprehensive guide to citizenship by investment and second passports. The best online resource for finding information about investor visa programs. Ireland’s Immigrant Investor Program targets entrepreneurial investors.

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