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The St. Lucia Citizenship by Investment Program is one of the most family friendly programs in the Caribbean launched in 2016. It offers a quiet and relaxed lifestyle, with most houses having a fantastic beach side view.
The cost of living here is still much more affordable than that of many cities in the United States. The country has a low crime rate, prime real estate investment options and world-class infrastructure.
Saint Lucia’s Citizenship by Investment Program was launched in December 2015 following the passage of Act No. 14 of 2015, the Citizenship by Investment Act on 24th August 2015. Under the program, foreign nationals that contribute economically to the country may become Saint Lucian citizens. Economic contribution may be in the form of a donation to the National Development Fund or an investment in an approved real estate project or an investment in government bonds or an investment in an enterprise project.
An amendment of Regulation, coming into force last January 1st (2017), has reduced qualifying investment amounts on the National Development Fund option, has removed the sworn affidavit requirement declaring financial resources of at least US$ 3m, has added an administrative fee for the Government bonds investment option, and provides the option to sign the Oath of allegiance before an attorney-at-law, a Consular Officer of Saint Lucia, an Honorary Consul of Saint Lucia, a Notary Royal or a Notary Public.
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BENEFITS
St. Lucia citizens have the ability to live in any of the member countries of the OECS and most of the member countries of the CARICOM.
Fast processing within three months.
No physical residency requirements.
No requirement to travel to Saint Lucia during the application process.
No interview, education or managerial experience required.
Visa-free travel to more than 100 countries, including the Schengen Zone, the U.K. and Hong Kong.
No tax on worldwide income.
Investment Options
1. National Economic Fund Contribution
High net worth individuals may choose to make a monetary contribution to the NEF organization via one of the prescribed contribution levels.
US$100,000: Single applicant.
US$140,000: Main applicant with spouse.
US$150,000: Family with up to 3 dependents (spouse + 2 children).
US$25,000: Each additional dependent.
US$30,000: Administrative fees.
2. Real Estate Investment
Applicants may purchase property valued at a minimum of US$300,000 in a pre-approved real estate development area. The property must be owned & maintained for a minimum of five years. Property registration, processing fees and taxes must be paid in addition to the property purchase.
3. Government Bond Investment
Upon approval an applicant and accompanying family may opt to invest in Saint Lucia government bonds, which must be held for five years. The bond amount will vary depending on the size of the family.
US$500,000: Single applicant.
US$535,000: Main applicant and spouse.
US$550,000: Family with up to 3 dependents (spouse + 2 children).
US$25,000: Each additional dependent.
The government bond option carries an administration fee of US$50,000 per application.
4. Enterprise Project Investment
Applicants may invest a minimum of US$3.5 million in an approved enterprise project and create at least three jobs.
Two applicants may share an investment of US$6 million and create six jobs to qualify.
Approved enterprise projects must fall under one of the following categories: specialty restaurants, cruise ports and marinas, agro-processing plants, pharmaceutical products, ports, bridges, roads and highways, research institutions and facilities, or offshore universities.
QUALIFYING REQUIREMENTS
Make a significant economic contribution to the country.
The main applicant must be at least 18 years of age to qualify.
Must have a clean criminal record.
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(+91) 07 940 390 434
info@myglobalcitizenship.com
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Disclaimer –
The Immigration by Investment programs are offered by My Global Citizenship™. The above timeline is an estimate provided for information purpose only based on experiences with past clients. Processing time and costs will vary depending on a number of factors. My Global Citizenship™ is not responsible for any changes to the estimations above; we can provide specific time and cost estimates on an individual basis.
Please talk to our Consultants for the most up-to-date information.
Fees charged by My Global Citizenship™ is excluding the government and legal entity fees. For residency and citizenship separate fees have to be paid to government at each stage. These fees depend on the number of applicants and the complexity of the process.
For Advisory fees charged by My Global Citizenship™ and exact quote based on your family combination, please contact us.
My Global Citizenship™ is a top immigration consultancy firm in India. We provide immigration guidance in second citizenship programs .
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