St. Lucia, a beautiful island nation situated in the Caribbean Sea, offers an attractive Citizenship by Investment (CBI) program. This program, established in 2015, provides a pathway for high net worth individuals and their families to acquire legal citizenship in this picturesque Caribbean destination.
The CBI program of St. Lucia is designed to attract foreigners who can make a substantial contribution to the development of the country. Investors, along with any family members, can directly qualify for citizenship through investment. This can be achieved either by making a donation or investing in real estate purchase.
The benefits of obtaining citizenship through this program are numerous. The St. Lucia passport is highly regarded and has an excellent reputation. It allows visa-free travel to over 140+ countries worldwide, including the European Union, the UK, Hong Kong, and Singapore. Other benefits include:
- No residency or personal visit to St Lucia needed
- Tax-free status – no income, inheritance or wealth tax
- Lifetime citizenship
- Easy second passport and citizenship for your family members
- Privacy in a small peaceful country
- Dual citizenship benefits
- Choice of Real estate investment
- Processing time only 3 months
- Free movement in the CARICOM
There are four main ways in which investors can apply for citizenship under the St Lucia Citizenship by Investment Programme:
- National Economic Fund donation: This involves making a non-refundable contribution to the National Economic Fund. The minimum contribution required is $100,000 for a single applicant.
- Real Estate Investment: Investors can also choose to invest in government-approved real estate projects such as luxury villas and resorts. The minimum investment required is $300,000.
- Government Bonds: Investors have the option to invest $500,000 in government bonds. These bonds must be registered and remain in the name of the investor for a five-year holding period.
- Enterprise Project: Investors can invest $3.5 million in an approved enterprise project and create at least three jobs.
Family Related Costs
The St Lucia Citizenship by Investment program also extends to include family members of the main applicant. This includes spouse, dependent children, and dependent parents or grandparents.
For each additional dependent, regardless of age, there is an extra due diligence fee and processing fee charged. The exact costs vary depending on the number of dependents included in the application and their age.
In conclusion, the St Lucia Citizenship by Investment program offers an attractive pathway for individuals and their families seeking second citizenship. With its numerous benefits and investment options, it continues to be a popular choice among high net worth individuals worldwide.