St Lucia Citizenship by Investment

Origin of St Lucia Citizenship by Investment Program

The St Lucia Citizenship by Investment Program is the newest among Caribbean countries. The government of St Lucia started the Program in 2015 when it realized that the global world is becoming more connected. The Program was introduced to encourage applicants to visit, invest, build, and grow the island. It provides visa-free travel to 145+ countries. This Program serves as a way for the government to raise foreign investment to help support the country's economy and develop the island's infrastructure.

Why Saint Lucia?

Saint Lucia is a beautiful country known for its lush rainforests, stunning beaches, and vibrant culture. It's also a safe and stable country with low crime levels and a solid crime prevention track record. The government has a stable economic and political environment but for those looking to explore new opportunities, obtain a St Lucia Citizenship by Investment and enhance global flexibility. As a citizen, you can enjoy the benefits of a St Lucia second passport, including the right to live and work in Saint Lucia and visa-free travel to more than 145+ countries worldwide. The island attracts international business and investment from the global banking and tourism sectors. Visiting St Lucia is not required, and the investor can secure citizenship for them and their family.

What is the St Lucia Citizenship by Investment Program?

The St Lucia Citizenship by Investment Program is an initiative by the St Lucia Government that allows foreign applicants to obtain citizenship in the Commonwealth of St Lucia by making a qualifying economic contribution. The Program's main objective is to attract foreign direct investment to support the country's people. Through this Program, applicant investors and their families can secure citizenship without needing residency before or after obtaining it. This offers investors the benefits of attractive tax policies.

Advantages of St Lucia Citizenship by Investment Program

There are several advantages of St Lucia Citizenship by Investment which can be provided to the applicants, such as:

1. Opportunity to Travel Visa-Free

St Lucia passport holders can travel visa-free to over 145+ countries, including all EU member states and territories.

2. No Minimum Stay Requirement

The St Lucia Citizenship by Investment has no minimum stay requirement to obtain or sustain the St Lucia Citizenship by Investment.

3. Favourable Tax Policies

St Lucia has a favourable tax policy, which allows the applicant to enjoy the tax policies and minimizes the tax burden on the Citizens of St Lucia.

4. Approach towards Family Members

The applicant in the Saint Lucia Citizenship by Investment can include their family members in the investment options so that their family members can enjoy the same benefits as the applicant enjoys through the Saint Lucia Citizenship by Investment.

Eligibility Criteria to Qualify for Saint Lucia's Citizenship by Investment Program

There are eligibility criteria to qualify for St Lucia Citizenship by Investment that need to be followed by the applicant to get successful citizenship in St Lucia.

1. Minimum Age

The applicant must be at least 18 years old to provide access to the St Lucia Citizenship by Investment application.

2. Requirement of Investment

The applicant must make a qualifying investment in one of the approved investment options.

3. Clear Criminal Record

The applicant and their dependents over a certain age must provide a clear criminal record certificate from their residency country.

4. Health Checkups

The applicant and their dependents must undergo a health checkup and provide a medical examination report.

5. Source of Funds

The applicant has to provide evidence of the source of the investment funds.

6. Financial Flexibility

The applicant must have substantial financial flexibility to financially provide for themselves and their dependent family members.

Essential Papers Required to Obtain Citizenship by Investment in St Lucia

The essential papers required for St Lucia Citizenship by Investment are given below:

• Application Form of St Lucia Citizenship by Investment.
• Copies of passports are required for the applicant and their family members.
• Passport-size photographs of the applicant and their members of the family.
• Copy of the Birth certificates.
• Proof of the residential address of the applicants.
• Completed forms related to the chosen Investment Options.
• Evidence of the applicant’s financial background and source of funds is contributed to the investment option.
• Medical Examination Report to be submitted.
• Certified copies of marriage certificate or divorce papers, if applicable.
• A certified copy of the marriage certificates or divorce papers.
• Evidence of payment of fees.

Obtain St Lucia Citizenship by Investment Made Easy by Enterslice

Our team of specialists assist in the effortless process of securing St Lucia's Citizenship by Investment.

1. Specialist Assistance

Our specialists assist in choosing a suitable investment option and guide the applicant through every step of choosing citizenship by investment. We provide details of the total cost of completing the St Lucia Citizenship by Investment and help in the entire process of securing citizenship in Saint Lucia.

2. Price Estimation

Our specialist will prepare an estimated cost for the investment, including the fees and actual cost of obtaining St Lucia Citizenship by investment.

3. Due Diligence

Our specialist conducts a due diligence check, reviews the application, and verifies the documents submitted with the application to ensure the successful obtaining of St Lucia Citizenship by investment.

4. Document Gathering and Review

Our specialist will help prepare the application and gather the documents for submission. We also verify all the documents and then submit them to the government.

Option of Investment to Obtain Citizenship by Investment Program

The applicant can obtain the St Lucia Citizenship by Investment program by opting for any citizenship through the investment options below.

1. Saint Lucia National Economic Fund Contribution (Citizenship by Donation) 

This investment option is a non-refundable contribution. An investment contribution required $ 100,000 to the National Economic Fund to become eligible for St Lucia Citizenship by investment. Some applicable fees are associated with the investment option when adding family members to the application. The various investment options as per the family members are given below:

• Applicant Applicant $100,000
• $140,000 for an applicant with a spouse
• $150,000 for families up to 4, including spouse
• $ 15,000 for each qualifying dependent in addition to a family of four

Processing Fees

• $2,000 for the applicant
• $1,000 for the dependent of the age of 16+
• For the future newborn, $5,000 will be considered the processing fee.

Due Diligence Fees

• For applicants, $7,500
• $5000 for the dependents above the age of 16+.  

2. Government Bond Investment 

To opt for the government bond as the investment option, the applicant needs to invest $300,000 to invest in non-interest-bearing government bonds. The bond must be held for five years, and the bond gets returned to the investors in full after holding for five years. The government administrative fee is $ 50,000, the due diligence fee for the applicant is $7,500, and for the dependent of the age of 16+, the due diligence fee is $5000.

3. St Lucia Real Estate Investment

For government-approved real estate projects, the applicant must invest in a property in St Lucia with a minimum investment of $200,000. The investment must be held for five years to get it re-sale. The various non-refundable administrative fees imposed on the family members are given below:

• $30,000 for the applicant
• $45,000 for the applicant plus the spouse
• $5,000 dependents of 0-16 years of age
• $10,000 dependents 17-25 years of age
• $10,000 for the additional dependents each

Due Diligence Fees

• $7,500 for the single applicant
• $5000 for the dependents above the age of 16+.

4. Business Investment

Suppose the applicant chooses to invest in an enterprise project as an applicant. In that case, the minimum investment requirement is $ 3,500,000 and $ 6,000,000 for the investment from the group of people in the enterprise projects, which means $ 1,000,000 as a minimum investment by each investor. The applicant requires the administrative fees at the time of application submission to pay $50,000, $25,000 for the dependents aged 0-18, and $35,000 for the dependents aged 18+. The due diligence fees will be the same as paid during the real estate investment option.

Process of Application for the St Lucia Citizenship by Investment Program

The Saint Lucian Citizenship by Investment Program has the following application process such as:

1. Authorized Agent Appointment

Our specialist will assist in choosing a government-approved authorized agent to complete the application process and to facilitate the St Lucia Citizenship by Investment Program.

2. Submission of Necessary Papers

Our specialist helps in collecting or preparing the required documents and submits all the necessary papers along with application forms to the Authorized Agent.

3. Due Diligence Process

The government will perform due diligence to check the applicant's financial background.

4. Investment Payments

The applicant must make the required financial contribution to the National Economic Fund, real estate, government bonds, or enterprise projects.

5. Review of Application

The Citizenship by Investment Unit of Saint Lucia will review the application and the documents submitted by the applicant.

6. Issuance of Certificate

After the verification and payment of fees, the government of Saint Lucia issues the certificate of naturalization and officially grants citizenship.

7. Passport Application

The applicant and their dependents can apply for the passport immediately after receiving the certificate of citizenship of Saint Lucia from the St Lucia Government.

Who Can Obtain a St Lucian Passport?

As mentioned below, the investor and his dependent family can obtain the St Lucia Passport.

1. Investor

An applicant as an investor with financial stability and a transparent background can obtain the St Lucia passport by choosing an investment option.

2. Spouse

The investor or applicant includes his spouse to obtain the St Lucia Citizenship by choosing a required investment option.

3. Children Under the Age of 18 Years

The investor or applicant includes children under 18 to obtain St Lucia Citizenship by choosing a required investment option.

4. Mentally or Physically Challenged Children

The investor or applicant includes his physically or mentally challenged children to obtain St Lucia Citizenship by choosing a required investment option.

5. Dependent Parent over 55 Years

The investor or applicant includes his dependent parent over 55 years of age to obtain St Lucia Citizenship by choosing a required investment option.

6. Dependent Siblings below the Age of 18 Years

The investor or applicant includes his dependent siblings below 18 years old to obtain St Lucia Citizenship by choosing a required investment option.

Step-by-step Process for Obtaining St Lucia Citizenship by Investment

Our specialist will assist you in obtaining St Lucia Citizenship by Investment.

1. Due Diligence at the Initial Level

Our specialists conduct due diligence for the background check to minimize the risk that will lead to the rejection of the application.

2. Preparation of Documents

Our specialist assists in gathering all the necessary documents to acquire the St Lucia Citizenship by Investment. Enterslice’s team of specialists assist in every stage of the initial application process to the completion of obtaining the St Lucia Citizenship by Investment, which will initially take 2 to 4 weeks.

3. Process of Application Check

The application is reviewed after the documents are submitted to the Citizenship Investment Program unit. They conduct application checks and due diligence to provide approval.

4. Approval of Investment Application

The applicant needs to fulfil the investment conditions by contributing the amount to the chosen investment plan.

5. Access a Passport

After successfully obtaining St Lucia Citizenship by Investment, the applicant can access the St Lucia Passport from the CIU.

Tax Consequences after Obtaining the St Lucia Citizenship by Investment Program

Citizens of St Lucia benefit from a favourable taxation system and can trade freely within the Caribbean region with complete exemption. No personal income tax is levied on income earned from outside St Lucia after obtaining St Lucia citizenship by investment. Additionally, investors are not subject to capital gains tax on their investments or assets, which is a significant advantage. However, the only income that gets taxed is earned within the territorial boundaries of St Lucia, and it will be taxed at the current corporate tax rate.

Advantages of Adding a St Lucia Passport

• There is no prior visa requirement for over 140+ countries, including Europe and Asia.
• No residency requirement
• Applicants can easily include their siblings; with the passport, the family will get the same benefits as the applicant.
• The St Lucia recognizes dual citizenship with no restriction in dual citizenship.
• Investors can easily register a company by opening a bank account in St Lucia.

Time Frame to Finish the St Lucia Citizenship by Investment

The application process should take no longer than four months from submission of the application to issue the certificates of citizenship. Our team of specialists will help you obtain St Lucia Citizenship by Investment as easily and quickly as possible.

How is St Lucia's Citizenship by Investment Program different from Other Programs?

Compared to other Caribbean countries, securing St Lucia Citizenship by Investment Program is much faster than other Caribbean countries. The processing time is approx. 4 months. St Lucia requires a minimum investment amount compared to other countries with excellent links to Europe and North America, which will benefit the markets. St Lucia has a favourable tax system for non-residents with no income tax, capital gain tax, etc., on worldwide income or assets. St Lucia is the only Caribbean country that can form a government bond as an investment option.