St. Lucia for Citizenship by Investment

St. Lucia Citizenship

Why Choose St. Lucia for Citizenship by Investment

Saint Lucia is a volcanic island covered in rainforests that lies between the Caribbean Sea and North Atlantic Ocean. It is well known for its twin peaks and mesmerizing beaches

It is a member country of the Commonwealth and of CARICOM, which provide access to Europe and North America via excellent air links. Citizenship by investment programs allows families to travel freely to various destinations and to settle in another country with the advantage of foreign nationality. 

On 1st January 2016, the Saint Lucia government launched the Citizenship by Investment program.

 

St Lucia citizenship benefits:

  • Citizenship for life: All successful applicants will be able to live and work in St Lucia and in other CARICOM countries as well as enjoy all the rights and privileges of a Commonwealth citizen in the UK and other Commonwealth countries.
  • No residency required: Successful applicants need not reside permanently in St.lucia they do have options.
  • Visa-Free Travel Worldwide: The St.Lucian passport offers visa-free or visa-on-arrival access to 146 countries.
  • Ten years of US tourist visa: Having St.Lucia citizenship you can apply for a US tourist visa B1/B2 for 10 years. This means you can spend up to 6 months in the US for tourism, business meetings. Participate in conferences and can be treated in clinics.
  • Fast Track Application Process: You can receive your St. Lucian passport in 3 to 4 months with an easy and fast application process.
  • Family-Friendly Program: With the investment program applicant can add his complete family which includes spouse, children, parents, and grandparents all together without any hassle.
  • Dual Citizenship Permitted: As St Lucia allows dual citizenship the applicants need not give up their current citizenship.

 

How do you become a citizen of St.Lucia?

The citizenship of Saint Lucia can be acquired through birth in Saint Lucia, or through birth outside the country to parents that are not Saint Lucian citizens by descent. If one of the adoptive parents is a Saint Lucian citizen, the adopted child can also become a citizen.

 

How to apply for St. Lucia citizenship?

St. Lucia’s passport offers visa-free travel to more than 146 countries worldwide. The gateway to avail of its citizenship has simple procedures, no need to take any language proficiency tests or need of residents permit card.

 

St. Lucia citizenship requirements

To qualify, the main applicant must be 18 years or older, meet the eligibility requirements.

 The main investment routes to apply for St.Lucia citizenship are,

  1. By donation
  2. Real estate investment 
  3. Purchasing bonds or investing in a business.
  4. Investment in St.Lucia Covid-19 Relief Bond

 

St.Lucia citizenship by donation

Economical path to avail of St.Lucia citizenship is just by donating NEF(National Economic Fund). There is a minimum non-refundable investment and that minimum contribution will depend on how many dependents you are including in your application. 

  • $100,000 for a single applicant.
  • $165,000 for the investor applying with a spouse. 
  • $190,000 for a family of four. 
  • Plus $25,000 for each additional dependent.  
  • Additional processing fees are also applicable which will vary depending on the age of the applicant and the size of their family. 

 

St.Lucia Citizenship by Real Estate Investment

The Government considers citizenship for a minimum investment in approved real estate projects starting from $300,000.The property must be held for a minimum of 5 years additional costs may be applied depending on the real estate developer.

Approved real estate projects fall into two broad categories:

  1. High-end branded hotels and resorts
  2. High-end boutique properties

 

Investment in St.Lucia Covid-19 Relief Bond

Investment in Covid-19 relief bonds is a limited period investment with which not only you can obtain citizenship but you also get a guaranteed return of the investment in the prescribed period.

By investing $250,000: 

  • Single applicant, holding period is 5 years 
  • An applicant with 1 dependent, holding period is 6-years
  • For applicants with up to 4 dependents, the holding period is 7-years.

By investing $300,000: 

  • An applicant with up to 4 dependents, holding period being 5-years.
  • Up to 4 additional dependents can be added at $15,000 per person. 

There is a fund administration fee of US$30,000.

 

  • Investment in St.Lucia Government Bond 

Upon approval of an applicant who is seeking citizenship can invest in Government bonds which can be held for five years. The bond amount varies depending on the size of the family.

  • $500,000 for a single applicant.
  • $535,000 for the main applicant and spouse.
  • $550,000 A family with up to 3 dependents (spouse and 2 children).
  • $25,000 for each additional dependents.

 

2.  Enterprise Project Investment

A minimum investment of US $3.5 million must be made in an enterprise project that creates three jobs and two applicants may contribute a total of US$6 million. In addition to speciality restaurants, cruise ports, and marinas, agro-processing plants, pharmaceutical products, ports, bridges, roads, and highways, research facilities, and offshore universities, enterprise projects must fall into one of the following categories.

 

  • How long does it take to get citizenship in St Lucia?

For the qualified applicants for citizenship by investment in Saint Lucia, the processing time will be approximately ninety days or 3-4 months from the date of the submission of the application.

(Note: It takes 4 -6 weeks for the applicants to gather required documents before submission)

 

  • Does St Lucia allow dual citizenship?

One of the biggest advantages of having a citizenship of St.Lucia is offering dual citizenship with all the countries. With regard to the St.Lucia citizenship requirement, you don’t have to quit your current country citizenship to avail St.Lucia citizenship. But, before applying do check with your country whether they permit dual citizenship.

 

  • Best Caribbean citizenship by investment

The Caribbean passports are popular with high-income people for those who are looking for another safe place to reside. The welcoming investment programs are encouraging more and more people to invest in them not only with its magnificence beauty and fair environment 

Caribbean citizenship has benefits for visa-free or visa on arrival to 120 countries which includes Schengen countries and the UK also easily get long-term US and Canada visas.

They don’t have tax on global income, inheritance, capital gains, or income tax .5 % of the wages of their employees are contributed towards social security.

It is very easy to get citizenship in the Caribbean countries, they allow dual citizenship. You don’t have to worry about losing your current country’s citizenship. The best part is they don’t share the details of the applicants to any third parties and you don’t have to reside to retain the citizenship status

Here are five Caribbean countries offering citizenship through investment programs

 

Conclusion 

Our RCIC, Mr. Paul Abraham, has been a player in this particular aspect. Thus, he is the best person to guide you through the entire process. The PAIC team takes care of your immigration application from scratch till the end. Please visit our website for better guidance.

All legal advice during the process are provided by the Regulated Canadian Immigration Consultant. PAIC is an authorized agency of the RCIC. PAIC is not affiliated with the Canadian Government directly.

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