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Goshen Citizenship By Investment Development Project St Lucia Cbi

Countries Saint Lucia Citizens Can Travel To Visafree

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. A St. Lucian passport provides visa-free or visa-on-arrival travel to 146 destinations including Europe’s Schengen Area, Hong Kong, Singapore, the UK, and many others. That’s why it makes a lot of sense to think about your international options and take action… now (before the rules and/or fees change). Just look around your home country right now, and chances are you can see how civil unrest, Covid restrictions, or economic destruction could quickly spiral out of control.

We take your privacy seriously and stick by our Confidentiality Policy. Information will never be shared with anyone under any circumstances. You just have to fill correctly our web form, and one of our team members will be in touch with you within 24 hours. Now you can easily understand how to apply for St Lucia residency online. Once your application has been accepted by Government, you’ll have to complete your investment. The primary candidate shouldn’t have been refused a visa by a state, which has a visa-free travel agreement with Saint Lucia and also, all visa rejections have to be disclosed.

Why Should You Get A Citizenship In St Lucia?

Each country has its own process, so the requirements will vary slightly depending on the program you choose. Some countries do not require you to be physically present at all, while others require at least one visit, or even long-term physical residency before they grant citizenship. The Commonwealth of Dominica is known for its safe, happy and vibrant lifestyle. The Dominica citizenship by investment program enables applicants to become citizens in 4 to 6 months. The Greek Permanent Residency and Citizenship Program offers a pathway to secure permanent residency in Europe via an affordable real estate investment in Greece.

No residency or travel requirements, only the exception that the Oath of Allegiance must be taken in Saint Lucia or before any Saint Lucian Embassy, High Commission or Consulate. When the citizenship is acquired, you and your family may enjoy the benefits of Citizenship life, which can be passed to future generations. Every applicant MUST use a licenced Authorised Agent to submit their application to the Citizenship by Investment Unit. The Unit will not process any application which has been submitted by anyone other than a licenced Authorised Agent.

Visa

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. An investment Turkish work permit in an approved enterprise project with a minimum investment of USD 3.5 million, plus the creation of no less than three permanent jobs. Alternatively, a joint contribution of USD 6 million , plus the creation of no fewer than six permanent jobs.

Only after approval will you be required to then make the full payment of the investment amount in accordance with the investment option you have chosen. The range of project categories is quite diverse, including specialty restaurants, cruise ports, pharmaceuticals, agro-processing plants, bridges, roads and highways, research institutions, and offshore universities. $6.0m – Two or more persons make a joint investment in an approved project on condition that each person invests a minimum of $1m.

Asia & Oceania Programs

The Government of Saint Lucia will be the registrar and paying agent for the securities. The amount of the investment will depend on whether the investor is applying alone, with a spouse, or otherwise as offered under the CIP. International business companies incorporated after the 1st of January of 2019 who elect to pay a 1% tax are not turkish citizenship by investment required to pay any taxes on income generated from foreign sources outside of the nation. The country does permit dual citizenship, and investors can continue to live in their own country of residence. Payment of due diligence fees, applicable government fees, advisory fees, and reservation of property investment fees, if applicable.

Of the 5 programs, the St Kitts & Nevis Citizenship by Investment Program can be the quickest option. St Kitts & Nevis operates an Accelerated Application Process which provides for fast-track applications with an accelerated 60 day processing period. Only Antigua & Barbuda’s Citizenship by Investment Program has a residency requirement. In Antigua’s case, successful applicants must reside in the country for 5 days within 5 years of acquiring citizenship. Grenada is the only country operating a Citizenship by Investment program which also holds an E-2 Visa Treaty with the USA. As a consequence, Grenada’s Citizenship by Investment Program uniquely offers a route to applying for the US’s E-2 Investor Visa program.

Donation

Many foreigners have taken advantage of this program and have taken up residence in some of the amazing towns such as Budva and Kotor. The Montenegro government has announced however that this program will shut down at the end of 2021 so time is of the essence. You can also invest in real estate and get a citizenship, but it is an expensive route to citizenship. Under real estate, you are required to pay various property taxes, fees at end it will end up more than you bargained for. The overall process takes 4-5 months max and is very systematic and transparent.

These are the top best golden passports which can be acquired under citizenship by investment schemes. The Caribbean island of Dominica is the world’s cheapest place to buy citizenship. Dominica’s CIP is very popular and it has been estimated that 3,000 of its 71,000 inhabitants acquired citizenship by investment. Saint Lucian citizens, hence, do not lose their citizenship upon acquisition of the citizenship of another country.

St Lucia Is No 1 Citizenship By Investment Program In The World

That’s why, the island has a lot of large-scale construction projects of elite housing and luxury holiday resorts. All these projects need foreign investments, so you can become citizen of St Lucia if you buy a share in a hotel under construction, luxury villa or any other government approved project. Applicants can invest in non-interest-bearing government bonds for a minimum value of $500,000. Investment must be registered in the main applicant’s name and remain in at least 5-year holding bond from the date of first issue. In other words, you lend money to St Lucia’s government in exchange for St Lucia citizenship.

St. Lucia has a progressive personal income tax system ranging from 10-30%. VAT stands at 12.5% with the tourism sector enjoying a reduced rate of 10%. St. Lucia passport holders enjoy Visa-free travel arrangements with 147 countries. Professionals at IRC can navigate the road to citizenship for you in 3-4 months.

The Board may grant up to a maximum of 500 applications for citizenship by investment, annually. This passport offers visa-free and visa-on-arrival travel to the following countries and territories. Choosing to donate, you must provide a $ 150,000 government donation to qualify for citizenship. Citizenship Shop is a shopping platform for citizenship and residence by investment schemes.

You would definitely be forgiven for thinking that Saint Lucia is ‘yet another CBI program.’ In so many aspects, the programs are so similar that it’s really hard to point out the differences and their USPs. Now, the total investment is on par with other comparable CBI programs. They also recognized the fact that they had overpriced their program, especially when looked at in relation to its neighboring CBI competitor countries.

There are a few investment citizenship countries that offer informal second citizenship programs that do not have specific requirements. The Austria Economic Citizenship Program offers EU citizenship to qualified individuals that “provide extraordinary economic, cultural, scientific, or artistic benefits” to the country. Obtaining citizenship through investment under such ambiguous conditions is often perceived to be risky, however, and most international entrepreneurs prefer investor citizenship programs with formal stipulations and timelines. Once you have decided on the ideal economic citizenship program, an immigration lawyer can represent you throughout the entire citizenship procurement process. Many investors retain an economic citizenship lawyer located outside of the jurisdiction in which they will be investing to ensure they are best protected throughout the process. An attorney can perform due diligence, complete necessary applications forms, and ensure you have all the correct supporting documentation required by the program.

This occurs after a 36-month (or, in other cases, 12-month) residence period. Malta’s tax system is based on residency rather than citizenship, thus even if you earn citizenship, you may not be required to pay tax in Malta. Malta also has unique tax plans for new citizens that might help them save money on taxes. As a single candidate or as a family, you can obtain Antigua citizenship by making a charitable contribution, investing in real estate, or creating an approved business.

• Nationals may voluntarily renounce their affiliation with Saint Lucia, if the declarant is a legal adult and of full capacity.
• The list of countries offering a residency or citizenship by investment program continues to increase as Anguilla launches their own such scheme.
• I would not rate passports of Malta and Cyprus as cheap, they are the most expensive ones but their citizenship has more value and best in the world.
• Under this option investors can make a citizenship application through the purchase of non-interest-bearing Government bonds.