No 3 of 2016. Citizenship from Saint Lucia provides you, the investor, and your applicable dependent family members up to the age of 25, as well as parents over 65 … The administration and due diligence fees, especially the $50,000 fee for alternative investment options other than the donation to the development fund, put Saint Lucia at a higher fee price-point than its neighboring countries. It’s not usual that you get to buy a passport in a country that holds the title for the most Nobel Prize laureates per capita. So many things have changed with St Lucia since the CBI was launched in 2015 making it cheaper, easier and faster for Global HNWI investors. You don’t have to reside in Saint Lucia before, during, or after the application process. The St. Lucian Citizenship Investment Program is governed by the Citizenship by Investment Act No. The Citizenship by Investment Board in its commitment to transparency and development, hand-picks only the best practices from the most committed investors to ensure that every party gets nothing but the best. We’re not saying it’s necessarily bad, but it’s a distinguishing factor between the two nonetheless. Charles Airport and Hewanorra International Airport. Part of the Lesser Antilles, it is located north/northeast of the island of Saint Vincent, northwest of Barbados, and south of Martinique. The island paradise that is Saint Lucia gained its independence from the United Kingdom back in 1979, but remains part of the Commonwealth. All economic citizens of St Lucia automatically issued a passport under the Citizenship by Investment Act No 14 of 2015. While Antigua and Barbuda will work better for some people (e.g., larger families), Saint Lucia offers one of the lowest points of investment if you’re a solo applicant. The personal income tax rates are mostly 30%. With these benefits, those wishing to secure a second passport through the St Lucia Citizenship By Investment Program for greater flexibility and movement across the globe must be at least 18 years of age, have no criminal record, and be … Meanwhile, a family of four (2 adults and 2 children 16+) will pay $167,500 (originally $217,500). Therefore, to qualify for citizenship in Saint Lucia, applicants must fulfill one of the following investment requirements below as well as these criteria: High net worth individuals may choose to make a financial contribution to the NEF organization using one of these prescribed contribution levels. Plus, in the few short years that it’s been in operation, the Saint Lucian CBI has earned itself a solid reputation. . Having options is great and that’s exactly what Saint Lucia offers when it comes to citizenship by investment (CBI) – many options. Each of them have pros and cons. The commitment goes further to include the provision of unrivaled advantages to the investors which in turn benefits the country and its people. They will add additional investment sums and fees, and thus increase the total needed investment. With the most varied investment options, Saint Lucia caters not only to those who want to buy a citizenship fast, but also to those who want to create actual ties with the country and help its economy develop. There are also direct links to east coast hubs in North America, including Miami, Philadelphia, New York, Atlanta, Chicago, and Toronto. Its capital, and largest, city, Castries, represents 40% of the island’s population. The St Lucia citizenship by investment program requires the investor to apply through an authorized agent and invest in government funds or approved real estate projects, business ventures, or government bonds. Nonetheless, you can expect to be investing in a high-end hotel or a resort of some sort, and usually these will be slightly overpriced – a regular occurrence with CBI programs that require you to buy from a pre-approved list of real estate. You may purchase a property that’s worth at least $300,000, but only from the officially pre-approved list of properties. With the most varied investment options, Saint Lucia caters not only to those who want to buy a citizenship fast, but also to those who want to create actual ties with the country and help its economy develop. Call our office on +1 775-387-1849   or   Request a Call Back >. Thankfully, processing fees have been waived; however, there is a fund administration fee of US$30,000 which investors must pay. As one of the investment criteria for investment applications for citizenship of Saint Lucia, application can be made through an investment in Government Bonds. We offer specialist legal advice to the high net worth individuals from outside St Lucia to settle down with their family and establish a business through "St Lucia's Citizenship-by-Investment program". A certification from the police department of the applicant’s country of birth, or certification from the applicant’s country of residence for at least one year during the 10 year period immediately preceding the submission of the CIP application; 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. Saint Lucia also removed multiple bureaucratic hurdles and shortened the total application to passport time to 3-4 months, without decreasing the level of due diligence on applicants. The St Lucia Citizenship by Investment Program requires an applicant to make a significant financial investment into the country in return for citizenship for the applicant and his/her family. An applicant and accompanying family may also opt to invest in Saint Lucia government bonds with approval of the Program. What is a CBI program? Castries Saint Lucia is a Commonwealth nation located in the Caribbean. Saint Lucia’s citizenship by investment programme offers one of the most cost-effective options for a single applicant. It’s a passport program that is both respectable and one of the most affordable ones too. St Lucia citizenship by investment. 14 of 2015). Note that approved enterprise projects must fall under one of the following categories: For your information, Arton Capital is an authorized marketing agent appointed by the government to promote Saint Lucia’s Citizenship by Investment Program. As an investor, you must hold that bond for at least five years. To qualify for citizenship, the main applicant must be over 18 years of age, meet the due diligence requirements and select one of the following options: Some CBI programs will demand that you make the investment before you get approved for their citizenship. Such applicant must own and maintain the property in question for a minimum of five years. St Lucia has taken top spot in Best CBI rankings for 2021. 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. The applicant must: Be over 18 years old. Hello Sir, Please please delete my email and cancel everything as soon as possible. You won’t need to sit around and wait for years until your citizenship is approved. You’ve got options. That’s especially true if you’re going the actual investment (and not the donation) route. There are many more rules and regulations that depend on the jurisdiction. Not only does it mean my wife and I can now enjoy visa-free travel to all of Central and South America, but I can also expand my manufacturing business in the EU.”, “Andrew and his team at Nomad Capitalist are simply the best in the second citizenship business. I really hope to get Saint Lucia citizenship by investment. Each project is pre-approved by the government and featured on their official website. The Saint Lucia Citizenship by Investment Programme is a member of the Investment Migration Council (IMC). Documents such as your birth certificate, marriage certificate, university diplomas, medical health certificate, a police certificate, a business background report, two professional references, financial statements, and a recommendation from your bank are all required. Tied with a few other jurisdictions in the Caribbean, the Saint Lucian passport is the cheapest for a. All of Europe, lots of Central and South America, as well as Hong Kong, Singapore, the UK, and Ireland are included. Up to 4 additional dependents can be added at US$ 15,000 per person. A non-refundable admin fee of $50,000 will be charged, The caveat is that you can’t just dream up the investment projects. Every application also comes with processing and admin fees: The total investment for a single person applying is thus $109,500, excluding any agency fees. A qualifying investment must satisfy the minimum investment level in either the Saint Lucia National Economic Fund or an approved real estate project. 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