St Lucia Citizenship by Investment, an Opportunities for Business Expansion

Empower your future with Enterslice's attractive guide to St Lucia Citizenship by Investment. Swipe, Explore, and Decide your global adventure with us.

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Origin of St Lucia Citizenship by Investment Program

The St Lucia Citizenship by Investment Program is the newest among the Caribbean countries. The government of St Lucia started the Citizenship by Investment Program in 2015 when the government realized that the global world is getting more connected than before. 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 and 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 levels of crime and has a solid track record of crime prevention. The country has a stable economic and political environment, but for those looking to explore new opportunities, obtain a St Lucia Citizenship by Investment and also 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 international banking and tourism sectors. There is no requirement to visit St Lucia, and you can secure a lifetime citizenship for your family and children.

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 individuals 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, individual investors and their families can secure citizenship without needing residency before or after obtaining it. This offers the benefits of attractive tax policies to the investors.

Benefits of St Lucia Citizenship by Investment Program

There are numerous benefits of St Lucia Citizenship by Investment, and several individuals apply for St Lucia Citizenship by Investment to avail themselves of those benefits.

Visa Free Travel Opportunities

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

International Flexibility

It increases international flexibility due to visa-free travel to countries and territories easily without any need for extensive visa application. The growing reputation of St Lucia as a stable and business-friendly environment adds credibility to grow the market.

No Residency Requirements

The St Lucia Citizenship by Investment Program grants full citizenship to applicants with no requirement of physical residency so that the investors don’t have to relocate or have to live for a specific time in the country to secure citizenship.

Favourable Tax Policies

A St Lucia passport will help you take advantage of the tax implications of St Lucia, where there is an attractive tax policy. As a St Lucia citizen, the individual enjoys the tax policies, which will be a great benefit for investors or businesses.

Approach towards family

Investing in a St Lucia Passport not only grants citizenship but also secures a bright future for future generations. The program allows investors to apply for their entire family, including dependent spouses, unmarried siblings under the age of 25, dependent parents above the age of 65, and children under the age of 25, will enjoy the benefits of being a citizen.

Eligibility for Saint Lucia's Citizenship by Investment Program

There is an eligibility criterion for St Lucia Citizenship by Investment that needs to be followed to get successful citizenship in St Lucia Citizenship and a Passport.

Eligibility of Age to Apply for Citizenship

The applicant must be at least 18 to apply for the St Lucia Citizenship by Investment.

Good Background

The applicant needs to have a good character and no criminal background because, during the time of application approval, there is thorough due diligence of background check to make sure there is no security risk to issuing a certificate of citizenship and securing a St Lucia Passport.

Investment Option

There is an investment option to choose to become a part of the St Lucia by Investment Program, and the applicant needs to choose one of the investment options as approved by the Government, which typically involves a financial contribution to the Country's National Economic Fund or investment through real estate.

Financial Stability

The applicant needs to provide evidence of the financial capability to invest, including proof of funds and other financial necessary papers.

Health Requirements

The applicant and their family members must go through medical checkups to ensure they are in good health, and the required report of the medical examination needs to be submitted.

Family Member

The St Lucia by Investment Program allows the applicant to include their family member of the applicant in the St Lucia Citizenship by Investment Program.

necessary papers Required to Obtain Dual Citizenship by Investment in St Lucia

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

  • Application Form
  • Passport Copies of the individual and his family members
  • Passport size photograph of the individual and his family member
  • Birth Certificate copy
  • Proof of Individual’s Residential Address
  • Complete forms of the particular chosen investment option
  • The Individual needs to provide evidence of the financial capability to invest and proof of funds
  • A report of the medical examination needs to be submitted.
  • A certified copy of the marriage certificates or divorce paper
  • Specific necessary paper about the chosen investment option
  • Evidence of Cost and Fee Payment

Enterslice Helps in Obtaining St Lucia Citizenship by Investment

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

Assistance

Our experts assist in deciding which investment option to select and will guide you to the benefits of each investment option that is going to be best for you and your family. We provide you with the details of the total cost of St Lucia citizenship by investment and will help in the entire detailed process to secure St Lucia Citizenship by Investment Program seamlessly.

Price Quotation

Our experts will prepare the quotation for the investment, including the fees and actual costs to be incurred in securing the St Lucia Citizenship by Investment.

Due Diligence

Our experts will perform due diligence in background checks, analysis of the application, and verification of the necessary papers submitted to ensure your application gets successfully accepted and you get citizenship for your seamless business journey.

necessary paper Collection and Review

Our experts will help in preparing the application and necessary papers required for submission with the application. Also, verify all the necessary papers and then submit them to the government.

Option of Investment to Obtain Citizenship by Investment Program

By opting for any of the citizenship through investment options given below, the individual can obtain the St Lucia Citizenship by Investment program.

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.

There are some applicable fees associated with the investment option in the case of adding family members to the application. The various investment options as per the family members are given below

  • Individual 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 as the processing fee.

Due Diligence Fees

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

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 5 years, and the bond gets returned to the investors in full after holding for 5 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.

St Lucia Real Estate Investment

For investing in government-approved real estate projects, the individual needs to invest in a property in St Lucia and a minimum investment of $200,000 and the investment must be held for 5 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+.

Business Investment

If the applicant chooses to invest in an enterprise project as an individual applicant, then a minimum requirement of investment is required of $ 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 administrative fees at the time of submission of the application are required by the individual applicant 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.

The application process for the St Lucia Citizenship by Investment Program

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

Appointment of Authorized Agent

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

Submission of necessary papers

Our experts help in the collection or preparation of the required necessary papers and submit all the necessary necessary papers and application forms to the Authorized Agent.

Due Diligence Process

The government will perform the due diligence to check the background and financial stability of the individual.

Investment Payments

As per the chosen investment option, the individual needs to make the required financial contribution to the National Economic Fund, real estate, government bonds, or enterprise projects.

Review of Application

The Citizenship by Investment Unit will review the application and the submitted necessary papers.

Oath of Allegiance

After the approval, the individual and their dependents need to sign the oath of allegiance.

Issuance of Certificate

After the verification and the payment of fees, the government issue the certificate of naturalization and officially grants the citizenship.

Passport Application

The individuals 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?

The investor and his dependent family member, as mentioned below, can obtain the St Lucia Passport like the investors and enjoy the benefits of St Lucia Citizenship.

Investor

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

Spouse

The spouse of the investor can also obtain the St Lucia passport by choosing a required investment option plan.

Children Under 18

The children of the investor can also obtain the St Lucia Passport by choosing a required investment option plan.

Mentally or Physically Challenged Children

The physically challenged children of the investor can also obtain the St Lucia passport by choosing a required investment option plan.

Dependent Parent over 55 Years

The dependent parent of the investor can also obtain the St Lucia Passport by choosing a required investment option plan.

Dependent Siblings below the Age of 18 Years

The dependent siblings of the investor can also obtain the St Lucia passport by choosing a required investment option plan.

Step by step Process for Obtaining St Lucia Citizenship by Investment

Our experts will assist you step by step in the whole process of obtaining St Lucia Citizenship by Investment.

Initial Due Diligence

Our experts conduct initial due diligence and background checks to deduct risks that will lead to application rejection and evaluate the chances of successfully passing Due Diligence.

Preparation of necessary papers

Our experts will provide the list of necessary papers required to obtain the St Lucia Passport. We assist in filling out the application forms and help you collect the necessary papers required in the St Lucia Citizenship by Investment Program, which will tentatively take 2 to 4 weeks to submit.

Process of Due Diligence and Application

The due diligence begins after the submission of the necessary papers to the Citizenship by Investment Program Unit. They perform due diligence and pass the approval of the application.

Approval of Investment

After the approval, the individual needs to fulfil the investment conditions and contribute the required amount to either of the chosen investment options.

Getting a passport

After fulfilling the required contribution and successfully completing the process, the individual will get a St Lucia Passport from the CIU.

Other Requirements for St Lucia Citizenship by Investment Program

There are other requirements to be followed while obtaining the St Lucia Citizenship by Investment Program.

Family Requirements

The family members, including the dependent's spouse, children, and parents of the investor, get included in the application for the St Lucia Citizenship by Investment program.

Due Diligence Requirements

The individual needs to be of good character so the government performs a due diligence process and checks the criminal records, no visa refusals and verifies the submitted necessary papers.

Minimum Stay Requirements

Securing a second citizenship in St Lucia doesn't have any minimum stay requirements, and after securing the citizenship, the individual has the right to live, work or study in St Lucia.

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. There is no personal income tax 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, which is earned within the territorial boundaries of St Lucia, will be taxed at the current corporate tax rate.

Advantages of Adding a St Lucia Passport

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

Processing time frame for Obtaining the St Lucia Citizenship by Investment

The average time for the St Lucia Citizenship by Investment Program processing times was reduced to 56 days to make it the fastest Citizenship by Investment program in the Caribbean Island. The application process should take no longer than four months from submission of the application to issue the certificates of citizenship. Our team of experts will help you to obtain the St Lucia Citizenship by Investment easily and as fast as possible.

Comparison of St Lucia Citizenship by Investment Program with Other Countries

Compared to other Caribbean countries the process of 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 as 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 which have no income tax or capital gain tax etc., on worldwide income or assets. St Lucia is the only Caribbean country to form the government bond as an investment option.

Frequently Asked Questions

The St Lucia Citizenship by Investment program requires the investor to contribute a minimum of $100,000 in a government fund or $200,000 for real estate projects.

It will approximately take 3-4 months to obtain a St Lucia Passport.

After holding the investment in real estate for 5 years, the investor re-sells the property in St Lucia Citizenship by Investment Program.

No, there is no residential requirement to secure a St Lucia Passport.

Only the income earned in St Lucia is considered an income to be taxed for the non-resident on the present CIT basis.

The Citizenship by Investment Unit (CBIU) will perform the process of due diligence and application approval and rejection process in St Lucia Citizenship by Investment.

After obtaining the St Lucia Passport, the individual can enjoy free visa travel access to 140+ countries.

The applicant of the following countries is ineligible for St Lucia Citizenship by Investment such as

  • Iran
  • Iraq
  • Russia
  • North Korea
  • Sudan
  • Belarus
  • Kurdistan
  • Ukraine
  • Venezuela
  • Yemen
  • Guinea
  • Syria
  • Libya
  • Lebanon
  • Egypt
  • Afghanistan
  • Somalia
  • Myanmar

 

Yes, it has a favourable tax regime for residents and non-residents.

The individual can stay up to 6 weeks without a visa.

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