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ST. LUCIA

Description

QUICK FACTS
Location An Island between the Caribbean Sea and the North Atlantic Ocean, north of Trinidad and Tobago
Political Status Parliamentary democracy
Capital Castries
Population Approximately 183,600
Size 238 sq km
Language English (official), French patois
Currency Eastern Caribbean dollar (XCD)
Time Time zone: (GMT – 4:00)
DATE OF INDEPENDENCE 22 February 1979
GOVERNMENT TYPE Parliamentary democracy (Parliament) under a constitutional monarchy and Commonwealth realm
LEGAL SYSTEM Based on English Common Law

INTRODUCTION: 

St. Lucia is a dream island of travelers to the Caribbean while it is a lush tropical gem that is still relatively unknown. St. Lucia is a group of volcanic islands in the Caribbean, and one of the Windward Islands of the Lesser Antilles where it is located on the eastern side of the Caribbean Sea and an integral part of the Lesser Antilles, 

Saint Lucia was inhabited long before the colonial era, and the cultural treasures have a wonderful combination of rich past and other different traditions. People of the island gained a good reputation for their warmth and charm of their manners, furthermore in the island are spread the old fortresses, small villages, and open markets.

Economically St. Lucia depends on banana cultivation in the first place, as well as citrus, cocoa, coconut, and other fruits. Besides it owns many factories for the production and export of electronic goods and toys.

Investment criteria:

Applicants under St. Lucia Citizenship by Investment Programme must choose one of four potential routes to citizenship:

  • make a minimum investment in the St. Lucia National Economic Fund; or
  • Buy an approved real estate with a deed restriction to not able to sell for 5 years; or
  • Government Bond Investment; or
  • Enterprise Project Investment

Application criteria

  1. Applicant must be at least 18 years. 
  2. Valid passport.
  3. Good Health, applicants should have excellent health and must show that they do not suffer from any contagious diseases.
  4. Good character.
  5. Documents supporting the source proof that applicant has no criminal record.
  6. Able to provide proof of source of funds.

Benefits of St. Lucia citizenship program: 

  1. Access more than 127 countries with St. Lucia passport without the need to apply for a visit visa including Europe’s Schengen area, the United Kingdom, and Hong Kong.
  2. No tax on worldwide income.
  3. The ability to pass one’s citizenship to future generations by descent.
  4. The ability to Include the spouse and children under the age of 25 in the main applicant application.
  5. First class citizenship for life with the right to live and work in the country.
  6. Obtain the citizenship and second passport in a short time.
  7. Dual Nationality. 
  8. Full confidentiality in carrying out the procedures.
  9. Easy to renew.
  10. Ownership of the 31st ranked passport in the world.

Benefits of the program:

  1. Fast processing within three months.
  2. The inclusion of dependent children under 25 and/ or dependent parents above 65 who are currently residing with the applicant and/or mentally or physically challenged dependent children and/or parents.
  3. Minimal processing fees.
  4. No interview, education, or management experience required.
  5. No requirement to reside in St. Lucia before, during, or after citizenship is granted.
  6. No language requirements for residence or citizenship.
  7. Lowest tax rates and free trade environment
  8. No tax on worldwide income.

The Features of St. Lucia passport:

  • Good visa – free travel: 

Currently, St. Lucia citizens can travel to more than 127 countries without the need to follow a cumber some visa application process. A vast majority of these countries allow St. Lucia citizens to stay 30 to 90 days without any visa requirement while some countries grant visas upon arrival or issue electronic visas upon online application.

  1. LUCIA PASSPORT ALLOWS VISA-FREE AND VISA ON ARRIVAL TRAVEL TO MORE THAN 127

THE MAIN STEPS TO GET ST. LUCIA CITIZENSHIP BY INVESTING:

The process may be simplified into the following steps:

Step 1: 

Application preparation and pre-approval by NTL International.

Step 2: 

Submission of citizenship application.

Step 3: 

Government processing of the application and due diligence checks.

Step 4: 

After the approval; invest in real estate or, a donation to the Saint Lucia National Economic Fund or, enterprise project, or Government bonds.

Step 5: 

Citizenship certificate issued.

Step 6: 

Passport application and issuance.

FOUR OPTIONS FOR CITIZENSHIP:

To qualify for acquiring St. Lucia citizenship by investment, an applicant has four options: 

  1. St. Lucia National Economic Fund Contribution

In order to qualify for this programme, the applicant can make a minimum investment in the St. Lucia National Economic Fund.

Once an application for citizenship has been approved, the following investment is required:

  • Principal applicant: US$ 100,000
  • A principal applicant with spouse US$ 165,000
  • Family with up to 3 dependents US$ 190,000 (Principal applicant with spouse + 2 children)
  • Each additional dependent US$ 25,000

  1. REAL ESTATE OPTION:

To qualify, the applicant must invest in approved real estate in a development area with a minimum value of US$ 300,000.

The property must be owned and maintained for at least five years. Property registration, processing fees, and taxes must be paid in addition to the purchase of the property.

Payments made to the CIU after approval:

  • Administration Fees Principal Applicant US$ 50,000
  • Administration Fees Dependents > 16 US$ 35,000
  • Administration Fees Dependents <16 US$ 25,000

  1. Government Bond Investment

After the applicant gets the approval, he/she can make a minimum investment by purchasing non-interest bearing Government Bonds in Saint Lucia which must be held for 5 years. The bond amount will vary depending on the size of the family.

  • Single applicant: US$ 500,000.
  • Main applicant and spouse: US$ 535,000.
  • Family with up to 3 dependents (spouse + 2 children):  US$ 550,000.
  • Each additional dependent: US$ 25,000.

The government bond option carries an administration fee of US$ 50,000 per application.

  1. Enterprise Project Investment

Applicants can invest at least US $ 3.5 million in an approved enterprise project and create at least three jobs. Two applicants may share in an investment of $ 6 million and establish six jobs to qualify. 

Approved enterprise projects should include in one of the following categories:

Restaurants, cruise lines, marinas, agro-processing plants, pharmaceutical products, ports, bridges, roads, highways, research institutions, and facilities, or foreign universities. 

Principal Applicant US$ 50,000

Each qualifying dependant under18 Y.O.: US$ 25,000

Each qualifying dependant 18 Y.O. and over: US$ 35,000

  • Applicants and their families will also have to pay the following fees depending on the size of the family and the chosen investment option:

Due Diligence Fee:

Principal Applicant US$ 7,500
Spouse 5,000
Dependent child under 16 Y.O. US$ 0
Dependent 16 Y.O. and over: US$ 5,000