Saint Lucia, a fertile tropical gem, is a group of volcanic islands in the Caribbean, characterized by cultural treasures and a fascinating mixture of different traditions. It is distinguished by ancient scattered castles, small villages, and open markets. Its residents are famous for their good reputation, their kindness and good treatment.
On the economic front, Saint Lucia relies mainly on banana cultivation, in addition to citrus, cocoa, coconut and other fruits. Besides having several factories to produce and export electronic goods and toys.
It is located between the Caribbean Sea and the North Atlantic Ocean, to the north of Trinidad and Tobago. The average area is 617 km². It has an estimated population of 183.600 people. Castries is the capital of the state. English is the official language, and the currency is East Caribbean dollar, denoted by XCD (every 1 USD equals 2.7 Eastern Caribbean dollars). It should be noted that ST. Lucia follows a monarchy as Queen Elizabeth II is considered the honorary head of state.
How to obtain citizenship by investing in Saint Lucia?
Applicants under ST. Lucia Citizenship by Investment Program, must choose one of two potential routes of citizenship:
First Option:Government non-refundable Donation to National Economic Fund (NEF) :
The minimum investment is $100,000, in addition to Government Fees, Administrative Fees, and Due Diligence Fees.
For a family of 4 members (father, mother, 2 children), the minimum investment is $190,000.
$25.000: Additional fees for each new member after the second child.
* In addition to Government Fees, Administrative Fees, and Due Diligence Fees.
Second Option: Purchasing a property from one of the real estate projects approved by the government;
Buy a property of $300,000, with a pledge not to sell the property for 5 years.
Government expenses for a family of 4 people are $ 35,000.
Government expenses for each new member after the fourth:
$25.000 if the child is under 18 years old
$35.000 if the child is over 18 years old
*In addition to Government Fees, Administrative Fees, and Due Diligence Fees.
Benefits of Saint Lucia Citizenship Program:
The ability to include the spouse and children under the age of 30 in the main application.
The possibility to include the father, mother, grandfather and grandmother of both the applicant and / or spouse.
The ability to pass one’s citizenship to future generations by descent as it is a first-class citizenship.
Dual Nationality: in other words, no obligation to relinquish current nationality.
No language requirements for residence or citizenship.
Qualified investment by the government is the only eligible for successful application. Unlike other investment programs.
Full confidentiality in carrying out the procedures.
Paying the minimum administrative fees for the transaction, while the large investment value is paid after the government’s approval of the citizenship application.
No interview, education, or management experience required.
No requirement to reside in ST. Lucia before, during, or after citizenship is granted.
Like Dominica, the program is considered the most economical program worldwide in obtaining citizenship by investment for one person only (donation option).
What are the advantages of obtaining citizenship from Saint Lucia?
Access more than 127 countries with ST. Lucia passport visa-free, including Europe’s Schengen area, the United Kingdom, Russia, Singapore, and Hong Kong.
Meanwhile, ownership of the 39rd ranked passport in the world.
Possibility of establishing a company in any country in the world.
Lowest tax rates and free trade environment.
Beneficial tax regime – you will not be liable to any income tax, capital gains tax or inheritance tax.
In addition ability to study in one of the most powerful universities in the world.
Required Documents for application:
Firstly, birth certificate for all applicants and a marriage certificate.
Secondly, clear criminal record.
Thirdly, a bank financial statement with proof of a legal source of income
Fourthly, Medical examination (health certificate that it is free of diseases)
Fifthly and finally, CV and recommendation letters.
Steps to Obtain Citizenship by Investment From Saint Lucia:
First, sign the contract with NTL and make the down payment. ( START)
Then, prepare ALL the Required Documents by the investor. With the support of our office and legal teams, who will review, translate and check-up the entire file before sending it to the island’s lawyer. (Estimated Time 30-45 days)
After that, sending the documents to the Island where our lawyer will check the papers for the last time before submitting the application. Meanwhile, transferring the first payment to the government to submit the Documents. (Estimated Time 15 days)
From now on, we have 60 days processing time, As per Government announcement (60 working days). (Estimated Time 60 days)
Government Approval of the Application. Subsequently, making the final payment to the Government. (Estimated Time 10 days).
Issuing the naturalization document. Then, printing the Passport. (Estimated Time 10 days)
Finally, handover or sending the “Naturalization Document” and the Passport to a convenient place. (Estimated Time 5 days).