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Everything you need to know about citizenship and residence programs around the globe.
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The Saint Lucia’s citizenship by investment program was launched for naturalisation of foreign high-and ultra-high-net-worth individuals and their families in exchange for a qualifying investment in the economic development and growth of the nation, provided they comply with other requirements.
There are many reasons for obtaining Saint Lucia’s citizenship. Main advantages include dual citizenship and beneficial taxation. Other pluses are:
Apart from an investment the following criteria must be met:
A candidate must invest in one of the following options in order to apply for naturalisation.
The Saint Lucia’s Government established the National Economic Fund (NEF) under the Citizenship by Investment Act with the aim of receiving foreign investment contributions and funding various government sponsored projects. Contribution amount:
Due diligence and processing fees apply.
Applicants can choose to invest in government approved real estate. A binding contract must be signed for a minimum purchase value of $300,000, for any number of dependants, plus the payment of government, processing and due diligence costs.
Currently, approved projects fall into two categories:
Applicants must keep the real estate for at least 5 years after citizenship is granted after which it can be sold or transferred to recover money.
A single investor can choose to invest at least $3,500,000 in an approved business project and create at least 3 permanent jobs.
If it is a joint investment, then every applicant must contribute at least $1,000,000 to the whole investment of minimum $6,000,000. Besides, at least 6 permanent jobs must be created.
Currently, approved projects fall into seven categories:
Applicants can invest in non-interest-bearing government bonds for a minimum value of $500,000 plus the payment of government, processing and due diligence fees.
A qualifying investment must be registered in the applicant’s name and remain in a 5-year holding bond from the date of first issue. These bonds must not attract a rate of interest for the whole duration of the bond.
Standard application process takes 3 months. It may take longer depending on your situation.
Step 1: Book an appointment with our specialists and sign a client agreement.
Step 2: We prepare and submit all forms and documents.
Step 3: Due diligence checks and processing of application by the government.
Step 4: Approval of the application and making an investment.
Step 5: Obtaining passport.
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