As the newest member of the Caribbean’s CBI countries, St. Lucia has several distinct advantages.
The St. Lucia Citizenship by Investment Program allows investors to contribute to the government or an approved firm or to participate in a desirable real estate development.
To qualify for citizenship, you need to:
– Age over 18 years old- Meet all the Application Requirements
– Select one of available the investment option
– There is no requirement to reside in St. Lucia during the time of application.
Option 1
Contribution to the National Economic Fund:
A contribution of USD 240,000 for the main applicant and up to three qualified dependents to the National Economic Fund.
Option 2
Purchase of Government Bonds:
Investment in government bonds with a minimum amount of $300,000. which must be held for a minimum period of 5 years.
Option 3
Real Estate Investment:
Purchase of approved real estate project worth at least $300,000. The Real-estate property must be held for a minimum period of 5 years.
Option 4
Business Investment:
Applicants can qualify by investing in a government-approved business projects. For individual investors, the minimum investment required is $3.5 million. Alternatively, group investment of at least $6 million. In this case, each participant must contribute a minimum of $1 million. This investment approach allows for participation in approved projects, promoting economic development while offering potential benefits for investors.
Note: Eligible sectors include speciality restaurants, cruise ports and marinas, agro-processing industries, pharmaceutical items, research institutions, offshore universities, housing projects, and social development initiatives.
The Citizenship by Investment Board oversees a specialised unit and manages the St. Lucia Citizenship by Investment Program. When you apply, Emirates Advisory will manage your application and submit it electronically and on paper. The outcome may be grant, denial, or delay for cause. Every paper must be in English.
Before processing your application, you must submit all needed supporting documents and the nonrefundable costs for yourself, your spouse, and any qualified dependents. Once your application is approved in principle, Emirates Advisory will notify you that you must pay the qualifying investment and government costs before receiving your citizenship certificate.
Make sure to pay the needed amount within 90 days of obtaining your approval notification. After everything has been settled, you must sign an oath of allegiance in front of a trained legal professional. It is worth noting that the minister has the authority to revoke citizenship in unusual circumstances.
You can quickly obtain a passport without visiting the country at any point during the application process.
Acquiring Saint Lucia citizenship through investment requires a few months of processing time. The longest stage, known as due diligence, typically lasts about three months. In addition, the duration of the term is dependent upon the investor’s personal situation, including their ability to promptly submit all necessary documentation and fulfil the investment conditions.
Here are some advantages of having a St Lucia passport:
Investors have the opportunity to select from five different investment options available under the St Lucia citizenship program:
In addition, investors are responsible for covering state and bank fees and any costs associated with legal services. At Emirates Advisory, we provide personalised cost calculations to meet your specific needs.
Investors can return their funds within a 5-year period by investing in either government bonds or real estate. Applicants are required to pay attention to the established minimum ownership periods. If you decide to sell your property or bonds before a certain time, you may lose your citizenship.
Yes, St Lucia can be called a tax haven, although this is more of a figurative explanation. The country adheres to international anti-money laundering regulations and does not impose taxes on global income, inheritance, capital gains, or wages.
St Lucia allows its citizens to have two passports. That means you don’t need to renounce your first citizenship when obtaining a St Lucian one.
The main applicant will be required to attend an online or in-person interview.
Passports issued by St. Lucia are valid for 5 years.
Children dependent on their parents must be under 30, unmarried, and financially dependent on the main applicant. Depending on the number of dependents included, a family member’s application might require an additional investment.
No, if you obtain citizenship through the Saint Lucian Citizenship by Investment Programme, you will not be required to live there to maintain it. In St. Lucia, dual citizenship is permitted, allowing people to be citizens of two or more countries simultaneously.
Once you have obtained Saint Lucian citizenship through the investment scheme, your travel or place of residence is not limited, and you are not obligated to live in St. Lucia or stay there for a set period of time.
It is critical to note that all St. Lucian citizens, regardless of how they obtained their citizenship, must observe the country’s regulations and laws, and violating them might result in citizenship being withdrawn.
Yes, Saint Lucia’s citizenship by investment plan is well-known worldwide. It is recognized and overseen by the St. Lucian government.
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Country Overview:
St. Lucia is located on stunning islands in the heart of the Caribbean and is known for its breathtaking landscapes, vibrant culture, and welcoming community. St. Lucia offers a unique blend of natural beauty and modern amenities, including the iconic Pitons, pristine beaches, and lush rainforests.
The Economy of Country:
The economy of St. Lucia is based on tourism and agriculture, and the government actively promotes investment through attractive incentives.
Global Connectivity:
The island is well connected by air, with two international airports offering direct flights to major cities in North America and Europe.
Visa-Free Access:
Over 140 countries offer visa-free or visa-on-arrival for St. Lucian citizens, including popular destinations such as;
International Memberships:
St. Lucia is a member of the United Nations, CARICOM, the Organization of Eastern Caribbean States, and the Commonwealth of Nations; St. Lucia enhances its international standing, providing economic and diplomatic benefits to its citizens. St. Lucia has made significant progress in renewable energy, environmental protection, and climate change mitigation, safeguarding its natural splendour and resources for future generations.