Taking on board the best practises, Saint Lucia launched its citizenship by investment program in December of 2015. Once completed, the Citizenship Unit will issue a Certificate of Naturalization to you (and your family). China is the top source for new Saint Lucian citizens (21%), followed by Russia (9%) and Syria (8%). 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. There is also a drive-in volcano, rainforests, national parks, botanical gardens and, of course, the beaches. You can proudly show off a really nice passport to a country dripping in luxury and beaches rivaling those of the Cayman Islands. St. Lucia offers four different investment options to qualify for citizenship. Note that approved enterprise projects must fall under one of the following categories: Research institutions and facilities, or offshore universities. That’s because they haven’t buddied up to Russia or China, or taken the more neutral route of the neighboring countries. Citizenship By Investment: St. Lucia. The Saint Lucia Citizenship by Investment Program, also known as St Lucia CIP, is a respected and government approved program. The St. Lucia Citizenship by Investment programme offers an efficient path to a second passport for you and your family members. There are many pros to setting out to obtain a Saint Lucian citizenship as opposed to applying to another CBI program. What are her job opportunities? Now, the total investment is on par with other comparable CBI programs. It also applies to the dependent like your kids, parents, and also the grandparents. That’s especially true if you’re going the actual investment (and not the donation) route. I really hope to get Saint Lucia citizenship by investment. St. Lucia is one of the lushest and most picturesque islands in the Caribbean: an ideal spot for vacationers or investors looking for a second home. No access to Russia or China. There are several approved investment routes available to investors. Europe is also directly connected with Saint Lucia with hubs in London and Frankfurt. Saint Lucia has masterfully positioned its Citizenship Investment Program to … Visa-free travel to more than 100 countries, including Hong Kong, Singapore, the UK, and Europe’s Schengen Area. St Lucia Citizenship By Investment Program logo. How are you ? Hello Sin, we hope you like Belgrade! You will not be taxed on worldwide income if you are simply holding a citizenship and are not a resident of Saint Lucia. The applicant must: Be over 18 years old. Inclusion of dependent children under 25. GET IN TOUCH Suite # 2, Rodney Bayside Building, Rodney Bay, Gros-Islet, St. Lucia St lucia passport offers visa free travel to 125 countries in the world. By far the cheapest and simplest in terms of its structure, the donation fund will receive your once-off donation, you’ll pay the fees and be done with it all. The St. Lucia's Citizenship by Investment Programme was established in 2015 to boost country's economy.The government launched the program on 1st January 2016, making it the newest Caribbean CIP. The personal income tax rates are mostly 30%. 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. OPTION 1 $100,000 — Government donation That means you will always have a place to live and work, no matter what happens. It’s up to you to decide which one you’d like to go for. Yes, a Saint Lucian citizenship is for forever and for future generations too. Although other CBI jurisdictions, such as Dominica and Antigua and Barbuda also ask for a donation of $100,000, their fees are considerably higher than in Saint Lucia. St. Lucia is located in the Caribbean between the Caribbean Sea and the North Atlantic Ocean. Castries Citizenship by Investment. 5 years if you invest in property or government bonds. • Visa-free or visa-on-arrival travel to 146countries. Crop diversification has been encouraged to make sure that agriculture remains a substantial part of the country’s GDP. They also haven’t been approving everyone’s application and they’ve even had the gall to revoke the citizenships of six applicants in the past. However, if Saint Lucia is given more time, we’re certain that their level-headed approach will help them come out on top. SAINT LUCIA CITIZENSHIP BY INVESTMENT. 20 Micoud Street English (official language) & French patois. 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 … • Attractive tax regime. You don’t have to reside in Saint Lucia before, during, or after the application process. It has meant rejecting a fair few applicants and even revoking the citizenships of six of its own naturalized citizens due to acts committed by them. Established in 2016, the St Lucian citizenship by investment programme is the newest in the Caribbean. Some concerns remain, mostly having to do with the government’s lack of experience in running such a program that manifests in turning potential developers off. First, it’s the cheapest option for a single person to obtain a second passport. These need to be in English, or translated into English and officially approved. Hello Sir, Please please delete my email and cancel everything as soon as possible. Each project is pre-approved by the government and featured on their official website. Inheriting decades of experience from its island neighbours, St Lucia’s programme is an amalgamation of the best practices from its surrounding islands and provides a wide range of benefits for investors and locals alike. SAINT LUCIA CITIZENSHIP BY INVESTMENT. Its high standards and stringent due diligence measures have made Saint Lucia’s CBI program highly regarded. The Saint Lucia Citizenship by Investment Programme is a member of the Investment Migration Council (IMC). National Economic Fund. The application fees for those who go the government bond route are considerably higher than if you were to go the donation route. Overview Part of The Commonwealth, Saint Lucia is a sovereign island nation in the West Indies that is located in the eastern Caribbean Sea on the boundary with the Atlantic Ocean. You may purchase a property that’s worth at least. A certification from the police department of the applicant’s country of birth, or certification from the applicant’s country of residence for at least one year during the 10 year period immediately preceding the submission of the CIP application; "Nomad Capitalist" and "Go Where You're Treated Best" are registered trademarks, Offshore Banking: How to Open an Offshore Bank Account Legally, The best offshore banks (even for Americans), The easiest place in the world to open a bank account, The 5 countries with the safest offshore banks, Offshore Company: How a Foreign Corporation can Reduce Taxes, Labuan: Asia’s secret haven for an offshore corporation, Second Passport: How to Get Dual Citizenship, The Fastest Countries in The World to Become a Citizen, Get second residency and pay no tax in these 20 countries, St. Lucia’s Citizenship by Investment Program, Taiwanese Visas and Citizenship: the Ultimate Guide, The Guernsey Permanent Residence by Investment Guide, Jersey Residency by Investment: the Ultimate Guide. The good news is that the eligibility requirements are pretty standard and don’t make it too difficult for a Nomad Capitalist to tick all of the boxes. Interestingly, Saint Lucia recognizes and accepts dual citizenship, which investors will find beneficial in business expansion and tax relief. Citizenship by investment in Saint Lucia is available through three options. All five countries in the Caribbean currently operating Citizenship by Investment programs have similar benefits. The Saint Lucia Citizenship by Investment program is the youngest Caribbean passport program. Saint Lucia citizenship benefits will provide peace of mind in an every changing world. Saint Lucia is an Eastern Caribbean island nation on the boundary with the Atlantic Ocean. 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. With a median age of 34.5, that’s a lot of young people going without and needing to be supported by the state. . This is, of course, problematic for a country that wants to grow its GDP and improve the lives of its population. It is the newest addition to the CIP programs in the Caribbean region. All economic citizens of St Lucia automatically issued a passport under the Citizenship by Investment Act No 14 of 2015. Sometimes, border patrol officers can be funny and a lesser known passport such as Saint Lucia can mean that they take extra time and care checking you out before they admit you into their country. Some CBI programs will demand that you make the investment before you get approved for their citizenship. There are three notable differences between Saint Lucia and its Caribbean neighbors. The St. Lucia's Citizenship by Investment Programme was established in 2015 to boost country's economy. Some CBI programs will demand that you make the investment before you get approved for their citizenship. Here is the link https://nomadcapitalist.com/apply. Find out about the key advantages of acquiring St Lucia citizenship by investment, your key to stress-free travel in Europe and beyond. For example, it has not gained visa-free access to Russia or China, possibly on purpose. Luckily, there are several countries offering these programs, like Cyprus, Austria, Montenegro, Grenada, Moldova, St. Lucia, Malta, Greece, Portugal, Spain, Vanuatu, and others. 14 of 2015. • Investment required only after approval. Only 500 applicants are approved per year, which has helped to retain the value and credibility of St Lucia's passport around the world. 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. With virtually no traffic and a tropical climate year round, Saint Lucia certainly is inviting. That’s because the country has not been too keen to establish relations with them. Your email address will not be published. No interview, education or managerial experience required. No requirement to travel to Saint Lucia during the application process. The Citizenship by Investment Program of Saint Lucia came into existence in 2015 under the regulations of the Citizenship by Investment Bill 2015. st lucia citizenship by investment programme policies The government of St. Lucia officially launched Saint Lucia’s Citizenship By Investment Program (CIP) on Tuesday 29th December 2015. The applicant also has to undergo a due diligence … Requirements to be eligible to apply for St. Lucia Citizenship (Passport) Investor must have a minimum age of 18, The purpose of the Citizenship by Investment Act No.14 of 2015 is to enable persons to acquire citizenship of Saint Lucia by registration following a qualifying investment in Saint Lucia. They also recognized the fact that they had overpriced their program, especially when looked at in relation to its neighboring CBI competitor countries. You can become a citizen when you make the investment. A donation will never be recouped, whereas the other forms of investment will be subject to a holding period, after which you could potentially get your investment back. Plus, it has sided with Taiwan in international affairs, which means its China access is far, far away. Hello Sir, Please delete my email so that it does not show up in your site. There are 2 airports, George F.L. Invest $250,000 in government bonds and hold 5 years. Not too long ago, the government promised that they would double the nation’s GDP in a decade, but this was perhaps a populistic over-promise, despite being a laudable goal for a country that’s suffering high-unemployment. 0-14: 20.35%, 15-24: 15.88%, 25-54: 42.97%, 55-64: 9.58%, 65+: 11.22%. Although it’s one of the newest CBI programs on the global scene, it has already been through multiple changes. 14 of 2015). It has positioned itself as a somewhat ‘Western’ passport, which certainly makes it appeal to some. To qualify for citizenship, you can either make a minimum donation of $100,000 to the government, purchase real estate on the island starting from $300,000 or make an investment from $250,000 in government bonds. This makes it the second best in the Caribbean region – a remarkable result. Saint Lucia is one of the safest Caribbean islands and it’s both politically and economically stable. While we value comments that add to the conversation, we reserve the right to edit or delete anything that is abusive, threatening, libelous, spammy, or is otherwise inappropriate. In addition to the actual price, keep in mind that there are property registration fees as well as processing and due diligence fees that are higher than for a donation: In total, a solo applicant going for the real estate option will shell out $357,500. This comes as no surprise considering Caribbean is the birthplace of citizenship by investment. You can fill out all of your paperwork remotely and obtain your passport remotely too. Protecting our clients’ privacy is important to us. Part of the Lesser Antilles, it is located north/northeast of the island of Saint Vincent, northwest of Barbados, and south of Martinique. St. Lucia Citizenship by Investment Program. St. Lucia Citizenship By Investment Program The Saint Lucia Citizenship by Investment Program was launched in 2015, enabling foreign investors and families to acquire a second passport in just 3–4 months with visa-free access to over 132 countries worldwide. However, the few cons that remain are all related to its newness and its unique approach to international affairs. There is definitely a tax on personal income derived from abroad, if you reside in St Lucia. I couldn’t be happier with my decision.”. . Citizenship by investment in Saint Lucia is available through three options. St. Lucia’s Citizenship by Investment Programme was unveiled in January 2016 and is therefore the Caribbean’s newest citizenship programme. St Lucia Programme Launched in 2016, St Lucia has the newest citizenship by investment programme in the Caribbean. Just like its neighbors, the island suffers chronic unemployment rates of over 20%. Becoming a St Lucia Citizen Guide. I am a chiropractic physician, what are my job opportunities, as well? Hold no criminal record. This makes St. Lucia much more competitive, especially for applicants with families. Pay the due diligence fee and the registration fee (real estate option). With these benefits, those wishing to secure a second passport through the St Lucia Citizenship By Investment Program for greater flexibility and movement across the globe must be at least 18 years of age, have no criminal record, and be … Second, Saint Lucia offers some of the more exotic investment options for those who don’t want to go the donation route. High fees. The following investment types qualify for St Lucia citizenship. This organization is responsible for the countries in the MENA region, as well as other countries like Afghanistan, Bangladesh, Djibouti, Malta, Pakistan and Turkey. 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. Jovana is our lead R&D Associate at Nomad Capitalist. +1 (979)966-6623 CONTACT US SERVICESPRIVACY POLICY FAQs, Copyright 2012-21, Nomad Capitalist Limited"Nomad Capitalist" and "Go Where You're Treated Best" are registered trademarks. The beautiful coastline is irresistible to ignore. Saint Lucia also removed multiple bureaucratic hurdles and shortened the total application to passport time to 3-4 months, without decreasing the level of due diligence on applicants. “Going the donation route was a no-brainer. Now, instead of the $25,000 fee for additional dependents, it will only cost $500 to add a newborn to your application. By offering visa free access to 146 countries, Saint Lucia has the 28th most powerful passport according to the passport index 2019. If you stay out of the country or a non-resident, then you avoid local taxes, but the point of the citizenship might be slightly lost then anyway. No travel required. It uses the Eastern Caribbean Dollar (XCD) that has been pegged to the US dollar for over four decades. You must work with a government-approved agency to do this and to lodge an application. Photo Credit: ©Saint Lucia Citizenship By Investment Program. ⤅ St. Lucia’s Citizenship by Investment Program. Although the country has no travel or residency requirement – in other words, you can become a Saint Lucian citizen without ever setting foot in the country – the country offers a high standard of living. Since then, hundreds of investors are residing in the country. Tied with a few other jurisdictions in the Caribbean, the Saint Lucian passport is the cheapest for a single person to obtain. Each project is pre-approved by the government and featured on their. And third, Saint Lucia certainly has a different vibe than it’s closest CBI rival of Dominica. Documents such as your birth certificate, marriage certificate, university diplomas, medical health certificate, a police certificate, a business background report, two professional references, financial statements, and a recommendation from your bank are all required. A certification from the police department of the applicant’s country of birth, or certification from the applicant’s country of residence for at least one year during the 10 year period immediately preceding the submission of the CIP application; For example, all five offer full citizenship for life with the ability to pass on citizenship to future generations and the ri… Vibrant, discerning and alluring, Saint Lucia offers all the tropical benefits of the region while remaining exclusive, authentic and engaging. The St. Lucia Citizenship-by-Investment Program is regulated by the Citizenship-by-Investment Act No. I am from North Korea and living in Belgrade, Serbia for 3 years. The passport issued under citizenship-by-investment programme is … No 3 of 2016. Appy for St Lucia citizenship by investment and get fast approval on your caribbean passport. When you start adding complexities, such as family or alternative investment routes that you potentially would want to consider, the costs rise, which is why each case must be looked at individually. 4. The country recently enacted provisions in citizenship law starting from 2016, granting immediate citizenship to foreign investors who invest in real estate, business investment in the country. For example, the country’s lack of administrative efficiency caused the Range Development company to stop their plans of building a Ritz Carlton in Saint Lucia and go for a development in Grenada instead. Out of respect to those who engage our services, we don't provide personalized advice or referrals unless you engage us. It is my pleasure to email to you. 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. Dominica in second place, followed by Grenada in third spot. Applicant with up to 4 dependents, 5-year hold. application numbers and raising the overall requirements. No amount of tourism or crop diversification was ever going to get Saint Lucia’s economy where it needs to be. You can fill out all of your paperwork remotely and obtain your passport remotely too. Citizenship by Investment. Saint Lucia’s citizenship by investment programme offers one of the most cost-effective options for a single applicant. Saint Lucia citizenship by investment program allows you and your family of four members to migrate to the Eastern Caribbean Island. It is simply a superb globally respected CIP program,. In fact, it’s one of the top performers in the region. The opposite is true in Saint Lucia – you’ll only be spending real money after you’re approved for and receive your naturalization certificate. 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 St Lucia Citizenship by Investment Program enables qualifying investors to apply for full citizenship in exchange for a significant investment in the nation’s economy. If you’re a sole investor, you will need to spend a minimum of $3,500,000, but if you’re making the investment together with partners, you will each need to contribute at least $1,000,000 and a total of $6,000,000. Citizenship from Saint Lucia provides you, the investor, and your applicable dependent family members up to the age of 25, as well as parents over 65 … Applicant with up to 4 dependents, 7-year hold. Most notably, Saint Lucia removed the net worth requirement back in 2017. Just in case you ever decide to visit or reside in Saint Lucia, let’s talk about the great quality of life there. You can then apply for and receive your Saint Lucian passport in a week’s time. Doubling their GDP is probably their only way to pay off debt, diversify industries, and employ people. Given the fact that the population is highly educated and skilled, the only culprit here is the lack of economic activity, especially the lack of foreign investment. The commitment goes further to include the provision of unrivaled advantages to the investors which in turn benefits the country and its people. Should you have any questions, or if you would like a detailed breakdown of the exact costs for your family, kindly contact us and we will be delighted to help you. To be eligible, applicants may choose to purchase property valued at a minimum of US$300,000 in a pre-approved real estate development area. It was my big mistake for that. Ease of doing business. The Nomad Capitalist team has helped hundreds of people create and execute holistic offshore plans to help them legally reduce their taxes, become dual citizens, and live the Nomad Capitalist lifestyle of success, 3 Tiers of Passports: How to Define the Best Passport in the World, How to Obtain French Citizenship By Descent. Donate $100,000 to St. Lucia’s government development fund. Make the required investment and provide detailed information and evidence of the respective investment. It came into full effect on January 1, 2016, based on the Citizenship by Investment Act (Act No. It will usually take 3-4 months to receive a Saint Lucian citizenship and passport. It offers the opportunity to invest through donation, real estate, through enterprise projects and government bonds. Sometimes, border patrol officers can be funny and a lesser known passport such as Saint Lucia can mean that they take extra time and care checking you out before they admit you into their country. By now, it’s a crisis that needs urgent attention. ⤅ How Does the St. Lucia CBI Program Compare? With a median age of 34.5, that’s a lot of young people going without and needing to be supported by the state. To make it easier for investors, two applicants may share an investment of US$6 million and create six jobs to qualify. You don’t have to reside in Saint Lucia before, during, or after the application process. All St Lucia Citizenship By Investment applicants are required to submit, at a minimum, the following documentation: 1. St Lucia’s capital city of Castries has an international airport that welcomes direct flights from multiple cities in the United Kingdom, Canada, and the United States – as well as other Caribbean islands. If you would like to learn more about this new path to second citizenship, contact Savory & Partners, a government-authorised agent that specialises in granting citizenship through investment to High-Net-Worth individuals in the Middle East and beyond. St Lucia citizenship by investment. Prices start from USD 100,000 and passports can be acquired in as little as four months. St lucia is an eastern caribbean nation located on the south east coast of North America. Established in 2016, the St Lucian citizenship by investment programme is the newest in the Caribbean. Making a one-time, non-refundable donation to the Saint Lucia National Economic Fund is the most popular way to obtain citizenship. What is the medical care like in St Lucia . That’s because the country has not been too keen to establish relations with them. Caribbean countries have captured top spots due to the significant changes they made to their programs . 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. Saint Lucia has the newest and arguably the best-positioned citizenship by investment program in the Caribbean. A qualifying investment must satisfy the minimum investment level in either the Saint Lucia National Economic Fund or an approved real estate project. Delays might be caused by extra due diligence processes. The CIT for offshore companies there is 0-1%. St Lucia. Moderate taxation. A non-refundable admin fee of $50,000 will be charged, The caveat is that you can’t just dream up the investment projects. Citizenship By Investment is exactly what it sounds like: foreigners invest a certain sum of money in a country in exchange for citizenship and a passport. Banana production is on a terminal decline due to the competition from Latin American countries that have substantially lower production costs. As an added bonus, there are a few top restaurants that cater to Saint Lucia’s discerning populace. No residency requirement. I have a daughter that will be a NP . All family members can obtain citizenship within 3-5 months. 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. The government has also made a permanent change for newborn dependents. It has been launched in 2015. St. Lucia. . For just $100,000 (plus fees), you can have your Saint Lucian passport in a matter of 3-4 months. Saint Lucia National Economic Fund is a special fund established under Section 33 of the Citizenship by Investment Act to allow qualified investmentors to fund government sponsored projects. . Invest a minimum of $3.5 million in an enterprise project. Saint Lucia is no different. • Short investment period. Here’s how you apply: 1. Become a citizen of St. Lucia in the Caribbean and get a passport offering visa-free travel to 145+ countries. It must be carried out within 90 calendar days after the Letter of Approval is issued. Investors are required to invest at least $500,000 in government issued non-interest-bearing bonds and hold them for at least five years. Visit 145+ countries, including the EU, the UK, and Ireland. They don’t want to screw this up, so they’ve kept a really high standard. 89 of 2015 and the Citizenship by Investment Amendment Saint Lucia Regulations S.I. As an investor, you must hold that bond for at least five years. First, it’s reliant on just a few major industries: banana production and tourism. Just like its neighbors, the island suffers chronic unemployment rates of over 20%. 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