Incorporating the best practices from surrounding CBI schemes, it offers many advantages for investors and residents alike. Applicant with up to 4 dependents, 7-year hold. ... St. Lucia admin-erdem 2021-01-26T13:46:31+00:00. A Saint Lucian citizenship can also be obtained by purchasing bonds. The crime rates are very low and there is access to modern healthcare and infrastructure. 6. If it floats your boat, you can invest in government bonds and even enterprise projects. A qualifying investment must satisfy the minimum investment level in either the Saint Lucia National Economic Fund or … However, if Saint Lucia is given more time, we’re certain that their level-headed approach will help them come out on top. Ever since this substantial change, anyone has been able to apply as long as they can afford the investment. Century Capital Inc. is a full service advisory firm providing services associated with acquiring citizenship of the Caribbean island of St. Lucia by means of various investment options. Thus, Saint Lucia lowered its fees from $200,000 to $100,000 in 2017. Depending on the country, the investment amount can vary from just over $100,000 (St Lucia and Dominica) to over $2.5 million (Cyprus), plus applicable processing and due diligence fees. The application fees for those who go the government bond route are considerably higher than if you were to go the donation route. The island paradise that is Saint Lucia gained its independence from the United Kingdom back in 1979, but remains part of the Commonwealth. Before you apply, you should check if you are eligible. Saint Lucia is one of the safest Caribbean islands and it’s both politically and economically stable. Saint Lucia’s citizenship by investment programme offers one of the most cost-effective options for a single applicant. The Citizenship by Investment in St Lucia is so unique and one of a kind completely different from other Caribbean CBI programs . Plus, in the few short years that it’s been in operation, the Saint Lucian CBI has earned itself a solid reputation. Dominica in second place, followed by Grenada in third spot. Meanwhile, a family of four (2 adults and 2 children 16+) will pay $167,500 (originally $217,500). Saint Lucia recognizes dual citizenship, so you won’t have an issue obtaining and having two passports, ever. Hello Sin, we hope you like Belgrade! Around 630 investors and their families have been granted St Lucia passports for investment since 2016 As an added bonus, there are a few top restaurants that cater to Saint Lucia’s discerning populace. That’s because the country has not been too keen to establish relations with them. 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. Saint Lucia has masterfully positioned its Citizenship Investment Program to benefit the global elite. You don’t have to reside in Saint Lucia before, during, or after the application process. The legislative platform to guide persons in the acquisition of citizenship by investment is the Citizenship by Investment Act No. Not only is Saint Lucia a highly-reputable option when it comes to obtaining a, Sure, there are already programs in countries like, While Antigua and Barbuda will work better for some people (e.g., larger families), Saint Lucia offers, Some will want you to donate to a development fund, Others will let you buy real-estate (sometimes from a pre-approved list only), Some offer an option to buy bonds or another financial instrument, and, Occasionally, you will be asked to set up a local company and employ locals. . Citizenship by investment in Saint Lucia is available through three options. Saint Lucia is tied for the 59th spot on our. ⤅  St. Lucia Citizenship by Investment FAQs. Put differently, it has a much higher-end vibe than Dominica but for the same price tag. Invest $300,000 in pre-approved real estate, plus fees. Europe is also directly connected with Saint Lucia with hubs in London and Frankfurt. This is, of course, problematic for a country that wants to grow its GDP and improve the lives of its population. I am a chiropractic physician, what are my job opportunities, as well? Some might even say it’s more of a ‘Western’ passport. Saint Lucia is an Eastern Caribbean island nation on the boundary with the Atlantic Ocean. When many Caribbean islands are offering similar CBI programs with extremely similar benefits and prices, failures like this matter. 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. To make it easier for investors, two applicants may share an investment of US$6 million and create six jobs to qualify. SAINT LUCIA CITIZENSHIP BY INVESTMENT. The Saint Lucia Citizenship by Investment Programme is a member of the Investment Migration Council (IMC). 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. Saint Lucia Citizenship by Investment Program welcomes individuals and their respective family members to obtain citizenship in exchange for making an economic contribution to the country. There is also a drive-in volcano, rainforests, national parks, botanical gardens and, of course, the beaches. Why choose St. Lucia. I also have a swanky passport I can show my friends at parties – I love it.”, “I’ve had the best of times obtaining my Saint Lucian passport. Benefits of Saint Lucia Citizenship by Investment program. Have excellent health. Saint Lucia was beautifully positioned to launch its CBI program. Its capital, and largest, city, Castries, represents 40% of the island’s population. The applicant also has to undergo a due diligence … If by best you mean cheapest, then it’s the donation route that you should go with. , but only from the officially pre-approved list of properties. • No physical presence required & no minimum stay required. Saint Lucia has the newest and arguably the best-positioned citizenship by investment program in the Caribbean. You can proudly show off a really nice passport to a country dripping in luxury and beaches rivaling those of the Cayman Islands. In addition, the Saint Lucian government has run the program differently than its neighbors. It must be carried out within 90 calendar days after the Letter of Approval is issued. The Saint Lucian government has created that opportunity by launching a citizenship by investment program. This makes St. Lucia much more competitive, especially for applicants with families. 20 Micoud Street Simply Beautiful . With its unspoilt landscapes, warm climate and world class beaches, St. Lucia’s citizenship program is the newest and one of the most popular ways to obtain a second passport. 3. Let us help you figure it out as well so you can diversify and give yourself the option to go where you’re treated best. For example, all five offer full citizenship for life with the ability to pass on citizenship to future generations and the ri… This makes it the second best in the Caribbean region – a remarkable result. Requirements to be eligible to apply for St. Lucia Citizenship (Passport) Investor must have a minimum age of 18, 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. A qualifying investment must satisfy the minimum investment level in either the Saint Lucia National Economic Fund or an approved real estate project. China is the top source for new Saint Lucian citizens (21%), followed by Russia (9%) and Syria (8%). Have an outstanding character. How Does the St. Lucia CBI Program Compare? Before you invest in any country, you should take a long and careful look at its economy. Compare that to other jurisdictions like Dominica, where CBI income accounts for roughly 50% of its GDP, and you’ll start noticing just how careful and calculated the Saint Lucian government has been. of approved real estate developments that you can invest in. • Entire family are eligible. So, the country set up a citizenship by investment program that requires applicants to make a ‘significant economic contribution’ in exchange for a passport. Just in case you ever decide to visit or reside in Saint Lucia, let’s talk about the great quality of life there. Over the years, St. Lucia has acquired decades of rich experience in economic, tourism and immigration activities from its Caribbean neighbors of St. Vincent, Grenada, and Martinique. The Saint Lucian government will take approximately 60 to 90 days to approve your application. 5 years if you invest in property or government bonds. The Caribbean nation of St Kitts and Nevis unveiled the world’s first-ever citizenship by investment program in 1984, and was the first region to provide citizenship by investment to people living overseas. St lucia is an eastern caribbean nation located on the south east coast of North America. You won’t need to sit around and wait for years until your citizenship is approved. 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. In 2015, Government established the Citizenship by Investment Program. St Lucia is known for having a low crime rate, along with modern … St. Lucia is located in the Caribbean between the Caribbean Sea and the North Atlantic Ocean. If you are interested in the newest and arguably the best-positioned citizenship by investment program in the Caribbean, you need to consider Saint Lucia. Meanwhile, Dominica is much more pedestrian. The Government of Saint Lucia will issue 5/6/7-year zero-coupon Government Bonds to prospective investors applicants under the Citizenship by Investment Program (CIP). There are several approved investment routes available to investors. Polaris Citizenship & Investment Consultancy Since 2016 Polaris has helped a diverse group of foreign nationals make the paradise that is St. Lucia their second home through a hands-on, personalized and bespoke approach to citizenship by investment … 4. Complete investments after receiving citizenship application approval. 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. Saint Lucia is tied for the 59th spot on our Nomad Passport Index. 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. The opposite is true in Saint Lucia – you’ll only be spending real money after you’re approved for and receive your naturalization certificate. Connect Huriya for obtaining Saint Lucia citizenship by investment in 4 month only.. Each project is pre-approved by the government and featured on their official website. The caveat is that you can’t just dream up the investment projects. The IMC is the worldwide association for investor immigration and Citizenship by Investment, bringing together the leading stakeholders in the field and giving the industry a voice. Saint Lucia Citizenship Investment Program offers the investor four choices for investment in exchange for citizenship, as follows; National Economic Fund Saint Lucia National Economic Fund is a special fund established under Section 33 of the Citizenship by Investment Act for the sole purpose of receiving qualifying investments of cash, for funding approved government … Cheapest second passport. Second, Saint Lucia offers some of the more exotic investment options for those who don’t want to go the donation route. As an investor, you must hold that bond for at least five years. 14 of 2015). No amount of tourism or crop diversification was ever going to get Saint Lucia’s economy where it needs to be. ⤅ How Does the St. Lucia CBI Program Compare? National Economic Fund. Today, the total investment raised is over $40 million and the total number of passports issued is approximately 650. Doesn ’ t just dream up the investment application fees for those who don ’ t have to visit Lucia! 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