Saint Lucia Citizenship by Investment

Saint Lucia Citizenship by Investment

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Saint Lucia Citizenship by Investment

One of the newest and definitely best located places to invest in the Caribbean is Saint Lucia. Live and mysterious. Saint Lucia has the advantages of tropical weather while you can feel the pleasant first handed nature and outstanding environment.

St. Lucia is situated in The East Caribbean district on the territory of Atlantic Ocean. St. Lucia announce independent of the commonwealth in 1979, and now is the a perfect participant member of Caribbean Community and organization of Caribbean states

There are more mountains than the islands in volcanic island which involves area of 616 Sq. Kilometers and the population here reaches to 182000.

In The northern region of the island there is a city named Castries considered as capital which almost represents 40% of the populace .Other main population district involves Vieux-Fort and Gros-Islet.  The weather situation in St .Louis is kind of hot tropical which of course has the winds by northeast

Furthermore since it is a new program, St. Lucia has not been known in comparison to former programs introduced during last couple of years. Therefor choosing St. Lucia for investment program has advantages of more privacy and set your mind at rest.

LOCATION
Caribbean island between the Caribbean Sea & North Atlantic Ocean

CAPITAL
Castries

DIFFERENCE
UTC-4

TOTAL AREA
616 sq. km.

GOVERNMENT TYPE
Parliamentary democracy (Parliament)

LANGUAGE
English (official), French patois

CURRENCY
East Caribbean dollars (XCD)

EXCHANGE RATE
1 USD = 2.7 XCD

Saint Lucia Citizenship by Investment

164,464
Population Growth: 0.33%

12,000 USD
GDP (per capita)
GDP (purchasing power parity)
2.083 billion USD

123
Visa free countries

Saint Lucia 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 government sponsored projects.

The Minister for Finance is required each financial year to gain approval from Parliament for allocation of funds for specified purposes.

Once an application for citizenship by means of an investment in the Saint Lucia National Economic Fund has been approved, the following minimum investment is required:

  • Applicant applying alone: US$100,000
  • Applicant applying with spouse: US$165,000
  • Applicant applying with spouse and up to two (2) other qualifying dependents: US$190,000
  • Each additional qualifying dependent, of any age: US$25,000

Real Estate Projects

The Cabinet of Ministers will consider real estate projects to be included on the approved list for the Citizenship by Investment Programme. Approved real estate projects fall into two broad categories:

  1. High-end branded hotels and resorts
  2. High-end boutique properties

Once approved, the real estate project becomes available for qualifying investments from applicants  for citizenship by investment.

The applicant is required to execute a binding purchase and sales agreement for an investment in an approved real estate project. Investments, equalling the agreed purchase price, are deposited in an approved irrevocable escrow account managed jointly by the developer and the Citizenship by Investment Unit in Saint Lucia.

Once an application for citizenship by means of an investment in a real estate project has been approved, the following minimum investment is required:

  • Main Applicant: US$300,000

Enterprise Projects

The Cabinet of Ministers will consider enterprise projects to be included on the approved list for the Citizenship by Investment Programme.

Approved enterprise projects fall into seven (7) broad categories:

  1.  Specialty Restaurants
  2.  Cruise ports and marinas
  3.  Agro-processing plants
  4.  Pharmaceutical products
  5.  Ports, bridges, roads and highways
  6.  Research institutions and facilities
  7.  Offshore universities

Once approved the enterprise project becomes available for qualifying investments from applicants for citizenship by investment.

Once an application for citizenship by means of an investment in an approved enterprise project has been approved, the following minimum investment is required:

Option 1 – A sole applicant.

  • A minimum investment of  US$3,500,000

Option 2 – More than one applicant (joint venture).

  • A minimum investment of US$ 6,000,000 with each applicant contributing no less than US$1,000,000

Government Bonds

Citizenship by investment may be made through the purchase of non-interest-bearing Government bonds. These bonds must be registered and remain in the name of the applicant for a  five (5) year holding period from the date of first issue and not attract a rate of interest.

Once an application for citizenship by means of an investment in government bonds has been approved, the following minimum investment is required:

  • Applicant applying alone: US$500,000
  • Applicant applying with spouse: US$535,000
  • Applicant applying with spouse and up to two (2) other qualifying dependants: US$550,000
  • Each additional qualifying dependant: US$25,000

Who Can Apply

Following requirements are necessary for anyone who wants to submit an application to citizenship based on investing plan:

  • Minimum 18 years of old.
  • Meet the least possible investment requirement
  • Delivering facts and data of the suggested suitable investment
  • Being confirmed of hardworking history.
  • Qualified dependents must be upper than 16 years of old
  • To be sincere and honest in related to application
  • Settlement of all necessary government fees.

Application Process

Stages of St. Lucia’s citizenship through investment application

Stages of St. Lucia citizenship application is introduced as follows:

Arranging the documents and filling the form of application

  • To submit the applied request and prepare the backup documents
  • Giving the necessary fund to be held by third party until the application is in process
  • Waiting for governmental investigation of the application and the due diligence check (up to three months)
  • Application being confirmed by the government (and the amount is released by the by the third party account)
  • Investing on real estate or help national economic plans
  • Certificate of citizenship is issued

Ever since the application is submitted to the government of Saint. Lucia the period of receiving St. Lucia citizenship may take up to 4 months.

Benefits

The advantages of St. Lucia’s citizenship by investment plan

  • No limitation on double citizenship
  • Inclusion of dependent children under 25.
  • Inclusion of dependent parents above 65 who are currently residing with the applicant.
  • Inclusion of mentally or physically challenged dependent children and/or parents.
  • All among Caribbean nations which English is their native language, people in St. Lucia are considered as the best nation from 2007 to 2014
  • Strong situation in politics and acceptable life standards
  • By receiving St. Lucia passport you can go to 100 countries without visa such as all EU countries, Hong Kong, Singapore, Argentina, Venezuela, and the Caribbean and commonwealth nations
  • There is no burden of tax on international revenues
  • Providing the applicant by life time citizenship

Application Fees

The following fees have been prescribed under the Citizenship by Investment Regulations of 2015.

Non-refundable processing fees

Principal applicant: US $2000
Each qualifying dependent: US $1000

Due diligence fees

Principal applicant: US $7,500
Each qualifying dependent (Over 16 years of age): US $5,000

Non-refundable administration fees

(applicable for government bonds and approved real estate or enterprise project investment)
Per bond application: US $50,000

Approved real estate or enterprise project investment

Principal applicant: US $50,000
Each qualifying dependent: US $35,000 (18 years of age and over)
Each qualifying dependent: US $25,000 (under 18 years of age)

Why Saint Lucia

There are many elements that are important when choosing a country for citizenship through investment. We are experienced on investment program to match the desires of all prospective applicants from our four unique programs, to our yearly cap of elite investors, to our attractive cultural engagements; we deliver joy and prosperity to you.

Cost

Cost of investing in Saint Lucia in order to receive citizenship in in line with other programs. Applicants could choose four options which starts from investment of 100,000 $ to 3,500,000$ for a single person. Paying all government fees is necessary.

Speed

The process of application takes three months from the time it is accepted for processing by the Citizenship Investment Unit.

Mobility

Citizens of Saint Lucia had visa free or visa on arrival to over one hundred and twenty countries that caused their passport the 35th in the world based on Visa Restrictions Index.

St. Lucia citizens can travel all across European Union and other parts of the Caribbean and South America

Quality of Life

Quality of life here cannot be compared to anywhere else in the world .low crime rate, up to date facilities, services and foundations, luxury restaurants and hotels and classy houses.

Residents can either live close to the main population centers or calm countryside to enjoy greener nature. On a light traffic, it takes only an hour to go from north to south of the island.so anywhere here is near.

The temperature here is between 77F (25C) and 80F (27C) in year round tropical climate that is balanced by Northeast trade winds. Most rains last for couple of minutes except

Special pattern of weather comes.

Simplicity

Anyone applying for citizenship by investment in Saint Lucia must do so through a licenced authorized agent. A Document Checklist SL1 has been provided to each applicant. The Document Checklist details what each applicant must provide in order for their application to be complete.

Visa Free Travel

Successful applicants can take advantages of visa-free visit to more than 123 countries, as listed below. It should be noted that visa-free travel to the countries listed below are subject to change. It is firmly advisable that the related Government authorities and agencies are contacted prior to travel coordination made.

Saint Lucia Citizenship by Investment

Saint_Lucian_passport

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