Historical Background
In August 2015, St. Lucia marked a significant chapter in its history with the enactment of Act No. 14 of 2015, the Citizenship by Investment Act. This legislative milestone paved the way for the introduction of the St. Lucia Economic Citizenship Program, offering foreign nationals the opportunity to acquire citizenship through strategic investments.
A Growing Legacy: St. Lucia Economic Citizenship Program in 2023
As of 2023, St. Lucia proudly stands among the five Caribbean nations with a well-established economic citizenship program. Joining the ranks of St. Kitts & Nevis, Antigua & Barbuda, Grenada, and Dominica, St. Lucia's program provides a gateway to citizenship through donations, real estate investments, and unique government bond options.
Saint Lucia Citizenship By Investment Benefits
1. Global Mobility: Visa-Free Travel to 146 Countries
With a St. Lucian passport, holders gain access to 146 countries, fostering hassle-free travel experiences. This includes 180 days in the UK, 90 days in the Schengen Area, and access to diverse destinations such as Singapore and Hong Kong.
2. Long Stay Visas and Full Residence Status
St. Lucian citizens benefit from favorable visa reciprocity, allowing extended stays in countries like Canada and Europe. Additionally, citizens enjoy full residence rights in St. Lucia and other CARICOM member nations.
3. No Physical Residency Requirements
A standout feature of St. Lucia's program is the absence of physical residency requirements. This flexibility allows businesspersons to leverage their second passport without residing in St. Lucia.
4. Tax Benefits and Financial Opportunities
St. Lucia offers tax benefits to residents, with no capital gains, inheritance, gift, or wealth taxes. The nation is actively progressing towards becoming an international financial center, creating avenues for financial growth.
5. Fast and Remote Application Process
Known for efficiency, St. Lucia's Citizenship By Investment Unit ensures a swift application process. Obtaining a St. Lucian passport can be achieved in just 90 days, with the entire process accessible remotely.
6. Inclusive Family Application
The program allows the main applicant to include spouses, children, parents, grandparents, and siblings. The flexibility extends to adding dependents after the main applicant obtains citizenship.
7. Secure Payment Methods and Commonwealth Membership
Secure payment methods enhance the application process, providing a transparent and reliable experience. Being a Commonwealth country since gaining independence in 1979, St. Lucia shares a strong relationship with the UK and enjoys preferential benefits.
8. A Safe Haven in The Caribbean
St. Lucia is recognized for its safety, boasting low crime levels and a robust security presence. The country's commitment to crime prevention contributes to a secure living environment.
9. Affordable Price Tag
St. Lucia's Citizenship By Investment Program stands out as the most affordable Caribbean option for single applicants. The government donation option starts at only USD$100,000, presenting a cost-effective opportunity for dual citizenship.
10. Diversification of Investments
Investors can diversify their portfolio and earn income in a safe and inviting environment. Real estate options, government bonds, and enterprise project investments offer various avenues for investment.
St. Lucia CBI Program: Investment Options
1. Citizenship By Donation
- Single Applicant: $100,000 USD
- Main Applicant + Spouse: $140,000 USD
- Additional dependent: $25,000 USD
- Up to a Family of 4 (including the spouse): $150,000 USD
- Each qualifying dependent in addition to a family of four: $15,000 USD
Investors can contribute to the National Economic Fund of Saint Lucia, supporting the nation's development while securing citizenship.
2. Real Estate Citizenship Option
Investors who prefer asset-based investments can choose the real estate pathway. The minimum investment is $200,000 USD, reduced from $300,000 USD. Approval grants investors title deeds and requires a minimum qualifying investment for the applicant and their family.
3. Government Bonds Investment
St. Lucia uniquely offers a government bond investment option. Investing in 'National Action Bonds' involves a risk-free investment fully refundable by the government after five years. A flat administrative fee of $50,000 USD applies.
4. Enterprise Project Investment
While no open enterprise projects are currently available, the program welcomes proposals for projects such as specialty restaurants, cruise ports, and more. Individual investors require a minimum investment of $3,500,000 USD and must create at least three permanent jobs.
St. Lucia Citizenship By Investment Requirements
Key Requirements for the Main Applicant
1. The main applicant must be at least 18 years old.
2. No criminal record and cannot be under current criminal investigation.
3. Prove legal source of income and net worth.
4. Must be in good health.
5. Have no restrictions on entering the EU, USA, the UK, and Canada.
Dependent Rules - Who Can Apply as a Dependent?
- Children, including dependent children up to the age of 30.
- Applicant’s spouse.
- Dependent parents of both the investor and their spouse, over the age of 55.
- Siblings of the investor, if unmarried and under 18 years old.
Required Documents
A comprehensive set of documents is necessary for the application process, including birth records, passports, photographs, proof of address, and additional supporting documents.
Embark on a Transformative Journey
The St. Lucia Economic Citizenship Program opens doors to unparalleled global opportunities, offering a secure, transparent, and flexible pathway to citizenship. As you embark on this transformative journey, ensure your documents are in order, meet the eligibility criteria, and seize the chance to enhance your life through St. Lucia citizenship.
If you want more information about Investment Abroad and its opportunities to develop business, contact us today! Below this article, you will find a link to set up a free ten-minute consultation with us to discuss your options further.
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