Saint Lucia’s Citizenship by Investment program boasts a wealth of experience and a track record of excellence that spans many years. With its well-considered choices and sound decisions, Saint Lucia stands out as a highly secure and appealing option for those seeking citizenship through investment. The Citizenship Investment Board has consistently demonstrated its unwavering commitment to providing investors with an exceptionally efficient and valuable program that offers numerous benefits to both the local community and its residents. Notably, this program also features a Dual Citizenship Program, further enhancing its attractiveness to potential investors. Here are some key advantages:
- No requirement for residency during processing.
- Granting visa-free travel privileges to citizens, encompassing 114 different countries.
- No international income tax obligations.
- The ability to transfer citizenship to family members.
- Inclusion of dependent family members, including parents.
- This program attracts immigrants from various countries, including St. Kitts, Dominica, Antigua & Barbuda, Grenada, Saint Lucia, St. Kitts, and Montenegro.
Meeting the requirements
Since its establishment in 2015, the Saint Lucia Citizenship Program has flourished, recently earning its place among the esteemed CIP programs in the Caribbean. As a result, it has garnered significant global attention and is now considered a premier choice for prospective investors worldwide. Alongside its rise to prominence, Saint Lucia has adjusted its net worth prerequisites and imposed stricter entry limitations for applicants. Before delving into the specifics of the investment requirements, let’s first review the fundamental eligibility criteria:
- Demonstrates maturity and prominence.
- Possesses a clean criminal record.
- Exhibits good physical health and well-being.
Investment Prerequisite
(One of the following investment requirements is necessary for St. Lucia)
Opting for this option entails making a non-refundable financial contribution to the National Economic Fund Organization. Below, we outline the required contribution amounts:
- For a solo applicant: USD 100,000
- For an applicant with a spouse: USD 135,000
- For a family with a maximum of 3 dependents: USD 185,000
- Each additional applicant: USD 25,000
Authorized Enterprise Project
With the coming of the approval by investment in an authorized enterprise project, the applicant has to invest a minimum of USD 3.5 million in areas such as:
Specialty restaurants ii. Cruise ports and marinas iii. Agro-processing plants iv. Pharmaceutical products v. Ports, bridges, roads, and highways vi. Research industries and facilities vii. Offshore universities
To qualify for the program, a single applicant must generate a minimum of three jobs. For two applicants jointly investing USD 6 million, they should aim to create a total of six jobs to meet the eligibility criteria.
Authorized Real Estate Investments
The applicant will make this investment by purchasing a home that could be
- Branded hotels and resorts
- Boutique Properties
The property should be valued of a minimum USD 300,000 in a real estate development area. This property should be atleast owned by the applicant for 5 years.
The Government Bond Investments
With the coming of approval, the applicant may choose to invest in the Saint Lucia government bonds and should hold these bonds for 5 years. Remember that these bonds are NON INTEREST BEARING. The amount of the bond shall vary according to the number of applicants with the main applicant. This bond also carries an administration fee of USD50,000
Solo Applicant USD 500,000
Applicant with Spouse USD 535,000
Family with maximum 3 dependents USD 550,000
Each New Dependent USD 25,000
FAQ,s
Dominica, officially known as the Commonwealth of Dominica, is a captivating island paradise. Its pristine sandy beaches, lush green mountains, vast unspoiled tropical rainforests, and exceptional opportunities for diving and hiking make it a top destination in the Caribbean. Dominica boasts a rich cultural tapestry, influenced by English, French, African, and Carib traditions. It is renowned for its political and economic stability, boasting the lowest crime rate in the region. Moreover, Dominica recognizes dual citizenship, making it an even more attractive option. The Economic Citizenship Program offers a plethora of benefits and privileges:
- No physical residency requirements.
- Inclusion of dependent children under 28.
- Inclusion of unmarried daughters under 28, living with and fully supported by the main applicant.
- grandparents who are older than 55 and have dependent parents.
- No educational or managerial experience required.
- Visa-free entry to more than 110 nations, including the Schengen region of Europe, the United Kingdom, Hong Kong, Malaysia, Singapore, and Turkey.
- No taxes for nonresidents.
The combined size of 442 square kilometers and a population of over 80,000 make Antigua & Barbuda the ninth-largest country by size in the Caribbean. The nation’s economic citizenship program makes it convenient to travel to more than 100 countries without a visa.
Antigua & Barbuda recognizes dual citizenship, which can prove advantageous for business expansion and tax relief. Other benefits include the following:
- Application processing within three to four months.
- Inclusion of dependent children under 26 and dependent parents or grandparents over 58.
- No need to make a trip to Antigua and Barbuda to submit an application.
- No interview, education or managerial experience required.
- Visa-free travel to more than 100 countries, including the Schengen zone, the U.K., Hong Kong, Singapore and more.
- No tax on worldwide income.
Grenada recognizes dual citizenship, meaning investors can still benefit from their current passports. The Grenadian Citizenship by Investment Program offers the following prime benefits:
- Fast processing within four months.
- Inclusion of dependent children under 25.
- Inclusion of dependent parents over 65.
- No physical residency requirements.
- No requirement to travel to Grenada during the application process.
- No interview, education or management experience required.
- Visa-free travel to over 100 countries, including Europe’s Schengen zone.
- E-2 Visa Program signed between Grenada and the United States allows citizens of Grenada to operate a substantial business in the U.S. and reside therein.
- No tax on worldwide income
This beautiful two-island nation is blessed with tropical temperatures, clear blue waters and a bustling trade and tourism economy. It is well-connected by direct flights to and from Europe and the U.S., and offers residents and citizens sought-after advantages, such as dual citizenship and tax-free worldwide income. As one of the longest-established programs of its kind, the St. Kitts & Nevis Citizenship by Investment Program offers applicants a host of unique benefits:
- Fast processing within four months.
- Inclusion of dependent children under 30 and dependent parents or grandparents over 55.
- Addition of dependent children under 16, born after citizenship has been granted, to be processed by the Ministry of National Security.
- No physical residency requirements.
- No requirement to travel to St. Kitts & Nevis during the application process.
- No interview, education or managerial experience required.
- Visa-free travel to more than 100 countries, including Schengen member states, the U.K., Hong Kong, Singapore and more.
- No tax on worldwide income.
- St. Kitts & Nevis recognizes dual citizenship, so investors can still benefit from their current passports.
Montenegro’s natural beauty and sophistication aren’t the only reasons why the nation is attracting vast opportunity for growth and development. Its recent independence and strategic position have also influenced Montenegro to become central to some of the most important industries in the world.
Its years of unmatched experience bounded with its best choices and decisions makes Saint Lucia a perfect and rather secure option you could choose. The citizenship investment board is prevailing with its long commitment to offer its investors an undeniably efficient and useful program with infinite benefits for both the community and its people. Furthermore it offers the DUAL CITIZENSHIP PROGRAM, which only adds up to the benefits this program brings to the investors. Have a look at a few of them below
- The processing doesn’t require a residency
- Offers visa free travel to a 114 different countries
- No obligations to pay a tax on international income
- The citizenship can be transferred to family as well
- Addition of dependant family members including parents
Meeting the requirements
Since 2015, the Saint Lucia Citizenship Program has prospered while marking its recent inclusion in the CIP programs in the Carribean, it has become a top choice around the globe. While having attained this position, Saint Lucia has increased the net worth requirements and has also limited the applicant enteries. Before we go in detail of the investment requirements, have a look at the basic criteria below.
- A very mature and eminent personality.
- Have zero criminal records
- You should be physically strong and well.
Investment Prerequisite
(St Lucia requires one of the following investment requirements)
Contributing to the National Economic Fund
By choosing this, the applicant will be investing a non refundable monetary to the National Economic Fund Organization. Below we have mentioned the contribution amount required.
- Solo Applicant USD 100,000
- Applicant with spouse USD 135,000
- Family with a maximum of 3 dependents USD 185,000
- Each additional applicant USD 25,000
Authorized Real Estate Investments
With this investment, the applicant shall be buying a property which could be
- Branded hotels and resorts
- Boutique Properties
The property should be valued of a minimum USD 300,000 in a real estate development area. This property should be atleast owned by the applicant for 5 years.
The Government Bond Investments
With the coming of approval, the applicant may choose to invest in the Saint Lucia government bonds and should hold these bonds for 5 years. Remember that these bonds are NON INTEREST BEARING. The amount of the bond shall vary according to the number of applicants with the main applicant. This bond also carries an administration fee of USD50,000
Solo Applicant USD 500,000
Applicant with Spouse USD 535,000
Family with maximum 3 dependents USD 550,000
Each New Dependent USD 25,000
Authorized Enterprise Project
With the coming of the approval by investment in an authorized enterprise project, the applicant has to invest a minimum of USD 3.5 million in areas such as
Specialty restaurants
ii. Cruise ports & marinas
iii. Agro-processing plants
iv. Pharmaceutical products
v. Ports, bridges, roads and highways
vi. Research industries & facilities
vii. Offshore universities
The single applicant applying should have a minimum 3 jobs. Two applicants would be investing USD 6 million and will create 6 jobs to be able to qualify.
QUALIFICATIONS
To be eligible for citizenship in Dominica, applicants must satisfy one of the investment options listed below and meet the following criteria:
Character: Applicants must exhibit outstanding character.
Criminal History: Candidates should not have any prior offenses.
Health: Applicants must demonstrate excellent health.
Language: A basic knowledge of the English language is required.
INVESTMENT OPTIONS
Government Fund Donation
A. Single Applicant
A single applicant is obligated to make a nonrefundable contribution of US$100,000 to the Government Fund.
B. Family Application I
(Applicant + Spouse)
A nonrefundable contribution of US$175,000 qualifies both the main applicant and their spouse.
C. Family Application II
(Applicant + up to three qualifying dependents)
A nonrefundable contribution of US$200,000 qualifies the main applicant and up to three dependents. An additional $25,000 is required for each additional dependent, excluding a spouse.
Real Estate Investment
Applicants have the option to purchase property valued at a minimum of US$200,000 in a government-approved real estate development. A minimum of three years must pass after the investment has been made. If maintained and sold after five years, the property also qualifies the subsequent buyer for citizenship.
Note: Applicants from the following countries and territories will be considered on a case-by-case basis: Afghanistan, Chechnya, Iraq, North Korea, Pakistan, Sao Tome Principe, Saudi Arabia, Somalia, Sudan, Turkmenistan, Uzbekistan, and Yemen.
Exceptions apply to applicants who have been legal residents in other countries for 10 years or more and whose investment funds do not originate from one of the countries mentioned above. For individualized eligibility assessments, please contact us.