Saint Lucian Nationality Law
Enterprise Project Investment
This is very important because travel opportunities and ease-of-travel are usually key ingredients in determining which Citizenship-by-Investment Program may work the best for an Expatriate’s specific situation. Sign a retainer agreement with the agent and pay a initial deposit (5%-10%). The agent will do a initial compulsory due diligence check and will request for documents before starting the process.
CCS ensures that these documents are safely and securely delivered to the client. St Kitts offers citizenship through investment in real estate for $400,000 or a donation to the development fund of $250,000. The St Lucia passport cost is inclusive of a lifetime of economic staying permit turkey and personal benefits, making it an affordable option for those looking to secure their financial future. And with no hidden costs or fees, the one-time purchase of the St Lucia citizenship offers excellent value for cost-conscious investors and their families.
St Lucia Citizenship By Investment Regulations Act
For example, some countries may not honor your citizenship if they don’t believe it’s legitimate. There are other variables to consider in selecting what passport program to go for. They can structure a manufacturing business in southeast Asia and visit as often as they’d like. For example, someone from the US would benefit from a European passport that gives them unfettered access to the European continent . In China, for example, increasing political crackdowns and strict capital controls are spurring individuals to seek second passport solutions in Europe, Canada, the US and the Caribbean.
Investors can register companies in Saint Lucia, making it easier to open accounts for business abroad and carry out settlements with international partners in foreign currencies. The beneficial owner’s personal information is not entered in the company’s commercial register, in order to protect their identity and privacy. They do not need to obtain a residence permit card, live in the country or take a language proficiency exam. Our team has years of experience assisting with St Lucia citizenship programs to the people of UAE, Saudi Arabia, Jordan, Kuwait, Egypt and Qatar. 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.
What Is The Cost For St Lucia Citizenship?
An applicant does not pass a due diligence check and their application for citizenship is rejected. An investor can also be deprived of the citizenship of Saint Lucia if the status was obtained by providing false information, fraud or concealment of actual information. The enterprise project becomes eligible for qualified investments from Citizenship by Investment applicants once it has been accepted. An investment of at least $3.5 million in an authorized Enterprise Project and the development of at least three permanent jobs. Alternatively, a $6 million group investment (with each applicant contributing at least $1 million) and the development of at least six permanent jobs. We will help you choose and make an investment and apply for a passport for the whole family.
The government has masterfully positioned its program for the global elite by limiting application numbers. The most promising areas include the construction of roads, bridges and ports, the agricultural industry , the entertainment industry and scientific research. One of the conditions for the issuance of citizenship is the ownership of the acquired real estate for a specified period of 5 years. It is necessary to make investments within 60 days from the moment of approval of the application.
These Caribbean Islands Are Making It Easier And Cheaper To Gain Citizenship
In comparison, the citizenship by investment process is quick and hassle free, albeit an expensive one. Compared with the benefits offered along with the citizenship, the concept of citizenship by investment has gained immense popularity over the years, providing relaxation as well as business opportunities. The St Kitts & Nevis citizenship by investment program was launched way back in 1984 and offers a passport that has visa-free entry to over 132 other nations and is one of the cheapest such programs available. The Citizenship is easy to procure and the entire process is very smooth and simple if the steps are followed meticulously. St. Kitts and Nevis offer a great program, with the Citizenship guaranteeing visa-free entry to over 100 other countries and the European Union. The government administrative fees required is $50,000 for the main applicant; $35,000 for each dependent aged 18 and older and $25,000 for each dependent younger than 18.
Depending on how many people are making this submission the fees typically range from $50K to $125K. One benefit of the Saint Lucia Citizenship-by-Investment Program is that the fee does not increase exponentially just because an additional family member or members are being included in this submission. Some other programs require significant more outlay when family members are also making the leap into second citizenship.
To qualify for citizenship under the real estate option, applicants are required to invest atleast US$ 300,000 in approved real estate. The enterprise option requires a minimum investment of at least $3,500,000 in an approved enterprise project. A passport through Caribbean citizenship by investment can be a great way to help you begin planning your global citizen strategy. For example, you could use this passport to secure an easy residency in a country where you can apply for citizenship in a matter of a few years.