There are several approved investment routes available to investors. You’ve got options. It will take 3-4 months to get your Saint Lucian passport. The application fees for those who go the government bond route are considerably higher than if you were to go the donation route. Saint Lucia National Economic Fund is a special fund established under Section 33 of the Citizenship by Investment Act to allow qualified investmentors to fund government sponsored projects. +1 (979)966-6623 CONTACT US SERVICESPRIVACY POLICY FAQs, Copyright 2012-21, Nomad Capitalist Limited"Nomad Capitalist" and "Go Where You're Treated Best" are registered trademarks. All economic citizens of St Lucia automatically issued a passport under the Citizenship by Investment Act No 14 of 2015. The size of the family will determine the bond amount you must invest in. In the Doing Business Report, Saint Lucia currently ranks as the 77th country of 183. The St. Lucia Citizenship-by-Investment Program is regulated by the Citizenship-by-Investment Act No. However, the few cons that remain are all related to its newness and its unique approach to international affairs. Let us help you figure it out as well so you can diversify and give yourself the option to go where you’re treated best. Just like its neighbors, the island suffers chronic unemployment rates of over 20%. 14 of 2015). Sure, there are already programs in countries like Antigua and Barbuda, Dominica, St. Kitts and Nevis, and Grenada, but another one is great to have nonetheless. East Caribbean dollars (XCD), tied to USD (1 USD = 2.7 XCD). We’re not saying it’s necessarily bad, but it’s a distinguishing factor between the two nonetheless. Overview Part of The Commonwealth, Saint Lucia is a sovereign island nation in the West Indies that is located in the eastern Caribbean Sea on the boundary with the Atlantic Ocean. US$550,000: Family with up to 3 dependents (spouse + 2 children), An applicant may choose to invest a minimum of US$3.5 million in an approved enterprise project and create at least three jobs in. It has been launched in 2015. St Lucia However, if Saint Lucia is given more time, we’re certain that their level-headed approach will help them come out on top. 5. St Lucia. We can help. Meanwhile, a family with two small kids would have to pay a total of $437,500. SAINT LUCIA Citizenship by Investment Program: Official Government Website: https://www.cipsaintlucia.com: Investment Type (Minimum amounts indicated) Donation to National Economic Fund (NEF) $100.000: Real Estate Investment: $300,000 (+ $50,000 Government Fees) Entreprise Investment: $3.500.000: Restriction on dual citizenship: No: … So, the country set up a citizenship by investment program that requires applicants to make a ‘significant economic contribution’ in exchange for a passport. St Lucia. You may purchase a property that’s worth at least $300,000, but only from the officially pre-approved list of properties. The administration and due diligence fees, especially the $50,000 fee for alternative investment options other than the donation to the development fund, put Saint Lucia at a higher fee price-point than its neighboring countries. The Government of Saint Lucia shall be the registrar and paying agent for the securities. The crime rates are very low and there is access to modern healthcare and infrastructure. . Meanwhile, a family of four (2 adults and 2 children 16+) will pay $167,500 (originally $217,500). While we value comments that add to the conversation, we reserve the right to edit or delete anything that is abusive, threatening, libelous, spammy, or is otherwise inappropriate. St Lucia citizenship by investment. Here’s how you apply: 1. Having options is great and that’s exactly what Saint Lucia offers when it comes to citizenship by investment (CBI) – many options. 14 of 2015, the Citizenship by Investment Act on 24th August 2015 enabling foreing investors and families acquire citizenship of Saint Lucia through these investment routes. Plus, it has sided with Taiwan in international affairs, which means its China access is far, far away. application numbers and raising the overall requirements. Therefore, to qualify for citizenship in Saint Lucia, applicants must fulfill one of the following investment requirements below as well as these criteria: High net worth individuals may choose to make a financial contribution to the NEF organization using one of these prescribed contribution levels. They will add additional investment sums and fees, and thus increase the total needed investment. There is no income tax for revenue derived from abroad, no inheritance and no wealth taxes either. Dual citizenship allowed. The administration and due diligence fees, especially the $50,000 fee for alternative investment options other than the donation to the development fund, put Saint Lucia at a higher fee price-point than its neighboring countries. The St. Lucian Citizenship Investment Program is governed by the Citizenship by Investment Act No. Inclusion of mentally or physically challenged dependent children and/or parents. Note that approved enterprise projects must fall under one of the following categories: For your information, Arton Capital is an authorized marketing agent appointed by the government to promote Saint Lucia’s Citizenship by Investment Program. Given the fact that the population is highly educated and skilled, the only culprit here is the lack of economic activity, especially the lack of foreign investment. Incorporating the best practices from surrounding CBI schemes, it offers many advantages for investors and residents alike. The passport issued under citizenship-by-investment programme is … If you stay out of the country or a non-resident, then you avoid local taxes, but the point of the citizenship might be slightly lost then anyway. Before we get into the nitty-gritty of Saint Lucia’s CBI program, we should first establish some common ground. For example, all five offer full citizenship for life with the ability to pass on citizenship to future generations and the ri… Citizenship from Saint Lucia provides you, the investor, and your applicable dependent family members up to the age of 25, as well as parents over 65 … "Nomad Capitalist" and "Go Where You're Treated Best" are registered trademarks, Offshore Banking: How to Open an Offshore Bank Account Legally, The best offshore banks (even for Americans), The easiest place in the world to open a bank account, The 5 countries with the safest offshore banks, Offshore Company: How a Foreign Corporation can Reduce Taxes, Labuan: Asia’s secret haven for an offshore corporation, Second Passport: How to Get Dual Citizenship, The Fastest Countries in The World to Become a Citizen, Get second residency and pay no tax in these 20 countries, St. Lucia’s Citizenship by Investment Program, Taiwanese Visas and Citizenship: the Ultimate Guide, The Guernsey Permanent Residence by Investment Guide, Jersey Residency by Investment: the Ultimate Guide. , but only from the officially pre-approved list of properties. The Saint Lucian government has created that opportunity by launching a citizenship by investment program. If you are interested you can send us your application and we’ll see how we can help you. An applicant may choose to invest a minimum of US$3.5 million in an approved enterprise project and create at least three jobs in the country. St. Lucia launched its Citizen by Investment Program on January 1, 2016 giving qualifying High Net Worth individuals and their families the ability to apply for citizenship and a second passport quickly and efficiently. 14 of 2015, Citizenship by Investment St. Lucia Regulations S.I. In fact, it’s one of the top performers in the region. OPTION 1 $100,000 — Government donation Luckily, with a population of just under 200,000 people and a GDP of $2 billion, Saint Lucia’s economy is in no terrible shape. High fees. . There are also direct links to east coast hubs in North America, including Miami, Philadelphia, New York, Atlanta, Chicago, and Toronto. Moderate taxation. The Saint Lucia Citizenship by Investment Program, also known as St Lucia CIP, is a respected and government approved program. Save my name, email, and website in this browser for the next time I comment. This is, of course, problematic for a country that wants to grow its GDP and improve the lives of its population. In total, a solo applicant going for the real estate option will shell out, . St. Lucia has the lowest donation amount and fees of any CBI program. Here is what it will take to get a Saint Lucian passport. That’s because the country has not been too keen to establish relations with them. Some might even say it’s more of a ‘Western’ passport. By offering visa free access to 146 countries, Saint Lucia has the 28th most powerful passport according to the passport index 2019. It has positioned itself as a somewhat ‘Western’ passport, which certainly makes it appeal to some. Inclusion of dependent children under 25. St. Lucia offers four different investment options to qualify for citizenship. Although the country has no travel or residency requirement – in other words, you can become a Saint Lucian citizen without ever setting foot in the country – the country offers a high standard of living. Invest a minimum of $3.5 million in an enterprise project. Not only is Saint Lucia a highly-reputable option when it comes to obtaining a, Sure, there are already programs in countries like, While Antigua and Barbuda will work better for some people (e.g., larger families), Saint Lucia offers, Some will want you to donate to a development fund, Others will let you buy real-estate (sometimes from a pre-approved list only), Some offer an option to buy bonds or another financial instrument, and, Occasionally, you will be asked to set up a local company and employ locals. With a median age of 34.5, that’s a lot of young people going without and needing to be supported by the state. Have an outstanding character. St Lucia’s capital city of Castries has an international airport that welcomes direct flights from multiple cities in the United Kingdom, Canada, and the United States – as well as other Caribbean islands. The caveat is that you can’t just dream up the investment projects. We’ve helped dozens of people obtain their Saint Lucian passport in the past, and Andrew has personally obtained Saint Lucian citizenship too. Investors are required to invest at least $500,000 in government issued non-interest-bearing bonds and hold them for at least five years. China is the top source for new Saint Lucian citizens (21%), followed by Russia (9%) and Syria (8%). Money in the bank earns almost nothing now anyway, so if you have cash that you’re not investing, it’s a good deal. A qualifying investment must satisfy the minimum investment level in either the Saint Lucia National Economic Fund or an approved real estate project. St Lucia Citizenship By Investment Program logo. Finally, the most exotic option of them all are enterprise projects. Become a citizen of St. Lucia in the Caribbean and get a passport offering visa-free travel to 145+ countries. You can travel to over 145 countries visa-free with your Saint Lucian passport, including all of the EU, the UK, Ireland, Singapore, Hong Kong and many others. • No physical presence required & no minimum stay required. You can proudly show off a really nice passport to a country dripping in luxury and beaches rivaling those of the Cayman Islands. The personal income tax rates are mostly 30%. Saint Lucia is no different. Your citizenship is for life. Currently five island nations in the Caribbean operate Citizenship by Investment programs: Antigua & Barbuda, Dominica, Grenada, St Kitts & Nevis and St Lucia. St Kitts and Nevis, St Lucia, Dominica, Grenada, and Antigua and Barbuda all offer easy citizenship-by-investment – is there a hitch? Many thanks for your cooperation. The St Lucia Citizenship by Investment Program enables qualifying investors to apply for full citizenship in exchange for a significant investment in the nation’s economy. "Saint Lucia is a beautiful island nation in the Caribbean with beautiful beaches. Inclusion of dependent parents above 65 who are currently residing with the applicant. Taking on board the best practises, Saint Lucia launched its citizenship by investment program in December of 2015. Tied with a few other jurisdictions in the Caribbean, the Saint Lucian passport is the cheapest for a. Just in case if my lawyer is ok, I will let you know you later. Make the required investment and provide detailed information and evidence of the respective investment. Saint Lucia Citizenship by Investment Program welcomes individuals and their respective family members to obtain citizenship in exchange for making an economic contribution to the country. A non-refundable admin fee of $50,000 will be charged, The caveat is that you can’t just dream up the investment projects. Your email address will not be published. We talked about the new payment system in the article “2 minutes instead of 2 weeks: St. Lucia has simplified payments for the citizenship programme”. You can fill out all of your paperwork remotely and obtain your passport remotely too. I couldn’t be happier with my decision.”. Located in the Lesser Antilles it sits with the eastern Caribbean Sea on one side and the Atlantic Ocean on the other.Covering a land area of 617 square kilometres (238 square miles), it is home to around170,000 people, a large percentage of whom reside in the capital, Castries. “Going the donation route was a no-brainer. ⤅ St. Lucia’s Citizenship by Investment Program. ⤅ How Does the St. Lucia CBI Program Compare? You would definitely be forgiven for thinking that Saint Lucia is ‘yet another CBI program.’ In so many aspects, the programs are so similar that it’s really hard to point out the differences and their USPs. Note that approved enterprise projects must fall under one of the following categories: Research institutions and facilities, or offshore universities. What is a CBI program? Its high standards and stringent due diligence measures have made Saint Lucia’s CBI program highly regarded. You can obtain citizenship for your spouse, dependent children (under 25), and parents (over 65) when applying for the Saint Lucian CBI program, but each dependent comes at an additional price. Now, instead of the $25,000 fee for additional dependents, it will only cost $500 to add a newborn to your application. You will not be taxed on worldwide income if you are simply holding a citizenship and are not a resident of Saint Lucia. Saint Lucia is an Eastern Caribbean island nation on the boundary with the Atlantic Ocean. Simply put – Saint Lucia doesn’t deal with people who have any ‘issues,’ no matter how small. The IMC is the worldwide association for investor immigration and Citizenship by Investment, bringing together the leading stakeholders in the field and giving the industry a voice. Parliamentary democracy (Parliament) under a constitutional monarchy and Commonwealth realm. The Government of Saint Lucia shall be the registrar and paying agent for the securities. No tax on income from abroad, and no wealth or inheritance taxes. 5 years if you invest in property or government bonds. Some CBI programs will demand that you make the investment before you get approved for their citizenship. What is the medical care like in St Lucia . The full payment of the total investment amount will be done at this point. With CBI programs, there is nearly always a real estate investment option. Citizenship By Investment is exactly what it sounds like: foreigners invest a certain sum of money in a country in exchange for citizenship and a passport. With the most varied investment options, Saint Lucia caters not only to those who want to buy a citizenship fast, but also to those who want to create actual ties with the country and help its economy develop. Doubling their GDP is probably their only way to pay off debt, diversify industries, and employ people. Together with its past comes English as the official language, charming colonial architecture, a legal system based on English common law, and access to the UK and Ireland. To make it easier for investors, two applicants may share an investment of US$6 million and create six jobs to qualify. The Citizenship by Investment Board in its commitment to transparency and development, hand-picks only the best practices from the most committed investors to ensure that every party gets nothing but the best. When you think Saint Lucia, think opulence and exclusivity. Applicant applying alone: US$100,000; Applicant applying with spouse: US$165,000; Applicant applying with spouse and up to two (2) other qualifying dependants: US$190,000 It also applies to the dependent like your kids, parents, and also the grandparents. Invest only after getting approved. So many things have changed with St Lucia since the CBI was launched in 2015 making it cheaper, easier and faster for Global HNWI investors. The St. Lucia Citizenship-by-Investment Program is regulated by the Citizenship-by-Investment Act No. The government of St. Lucia launched its citizenship by investment programme on 1st January 2016. That means you will always have a place to live and work, no matter what happens. All five countries in the Caribbean currently operating Citizenship by Investment programs have similar benefits. Citizenship by Investment. That means you will always have a place to live and work, no matter what happens. The applicant must: Be over 18 years old. St. Lucia’s Citizenship by Investment Programme was unveiled in January 2016 and is therefore the Caribbean’s newest citizenship programme. How to start and apply for that program. Benefits of Saint Lucia Citizenship by Investment program. An applicant and accompanying family may also opt to invest in Saint Lucia government bonds with approval of the Program. Sometimes, border patrol officers can be funny and a lesser known passport such as Saint Lucia can mean that they take extra time and care checking you out before they admit you into their country. Many thanks your kind assistance. Fast citizenship. You will be required to hold the property for at least five years. You never have to visit St. Lucia to receive or renew your passport. Then, lodge your application with the Saint Lucian Citizenship Unit. There are many pros to setting out to obtain a Saint Lucian citizenship as opposed to applying to another CBI program. Here is the link https://nomadcapitalist.com/apply. Including spouse, children, parents and siblings. • Short investment period. Not only does it mean my wife and I can now enjoy visa-free travel to all of Central and South America, but I can also expand my manufacturing business in the EU.”, “Andrew and his team at Nomad Capitalist are simply the best in the second citizenship business. The Government of Saint Lucia will issue 5/6/7-year zero-coupon Government Bonds to prospective investors applicants under the Citizenship by Investment Program (CIP). The St. Lucia's Citizenship by Investment Programme was established in 2015 to boost country's economy. Becoming a St Lucia Citizen Guide. When many Caribbean islands are offering similar CBI programs with extremely similar benefits and prices, failures like this matter. Put differently, it has a much higher-end vibe than Dominica but for the same price tag. Since then, hundreds of investors are residing in the country. And every crisis brings opportunity. How Does the St. Lucia CBI Program Compare? Today, Saint Lucia’s citizenship by investment program accounts for a healthy, In addition, the Saint Lucian government has run the program differently than its neighbors. Delays might be caused by extra due diligence processes. Prices start from USD 100,000 and passports can be acquired in as little as four months. All of Europe, lots of Central and South America, as well as Hong Kong, Singapore, the UK, and Ireland are included. Protecting our clients’ privacy is important to us. • Attractive program and processing costs (from just $100,000). ⤅  St. Lucia Citizenship by Investment FAQs. Advantages of a Saint Lucia citizenship. There is an administration fee of US$50,000 per government bond option attached to the application. This makes it the second best in the Caribbean region – a remarkable result. Meanwhile, a family with two small kids would have to pay a total of, Investors are required to invest at least. As is standard in most CBI programs now, your spouse, your children (under a certain age) and even dependent parents (over 65 years old) can be added to your application. of approved real estate developments that you can invest in. The opposite is true in Saint Lucia – you’ll only be spending real money after you’re approved for and receive your naturalization certificate. No travel required. Do an initial due diligence check and gather your documents. Saint Lucia is tied for the 59th spot on our. Requirements to be eligible to apply for St. Lucia Citizenship (Passport) Investor must have a minimum age of 18, They also haven’t been approving everyone’s application and they’ve even had the gall to revoke the citizenships of six applicants in the past. Only 500 applicants are approved per year, which has helped to retain the value and credibility of St Lucia's passport around the world. There is definitely a tax on personal income derived from abroad, if you reside in St Lucia. The following investment types qualify for St Lucia citizenship. In order to be considered for a Saint Lucian citizenship, and the subsequent passport, you should: Good on the eligibility front? Take an oath or affirmation of allegiance before an attorney-at-law or notary public. Established in 2016, the St Lucian citizenship by investment programme is the newest in the Caribbean. You can see the evidence in the efficient Citizenship investment programs for investors. The Citizenship by Investment Program of Saint Lucia came into existence in 2015 under the regulations of the Citizenship by Investment Bill 2015. It will take 3-4 months to get your Saint Lucian passport. The Caribbean nation of St Kitts and Nevis unveiled the world’s first-ever citizenship by investment program in 1984, and was the first region to provide citizenship by investment to people living overseas. Everyone who obtains a Saint Lucian citizenship by investment will hold their passport for life. SAINT LUCIA CITIZENSHIP BY INVESTMENT. There is no income tax for revenue derived from abroad, no inheritance and no wealth taxes either. The opposite is true in Saint Lucia – you’ll only be spending real money after you’re approved for and receive your naturalization certificate. It’s a new program. Sometimes, border patrol officers can be funny and a lesser known passport such as Saint Lucia can mean that they take extra time and care checking you out before they admit you into their country. SAINT LUCIA CITIZENSHIP BY INVESTMENT. Required fields are marked *. Given the newness of the program, there are currently only a handful of real estate properties on there. 14 of 2015. Thus, Saint Lucia lowered its fees from $200,000 to $100,000 in 2017. I am from North Korea and living in Belgrade, Serbia for 3 years. By far the cheapest and simplest in terms of its structure, the donation fund will receive your once-off donation, you’ll pay the fees and be done with it all. Not only is Saint Lucia a highly-reputable option when it comes to obtaining a second passport in the Caribbean region, it also offers plenty of investment routes that you can take to obtain its passport. It offers the opportunity to invest through donation, real estate, through enterprise projects and government bonds. In addition to the actual price, keep in mind that there are property registration fees as well as processing and due diligence fees that are higher than for a donation: In total, a solo applicant going for the real estate option will shell out $357,500. The good news is that the eligibility requirements are pretty standard and don’t make it too difficult for a Nomad Capitalist to tick all of the boxes. In the Doing Business Report, Saint Lucia currently ranks as the 77th country of 183. Luckily, there are several countries offering these programs, like Cyprus, Austria, Montenegro, Grenada, Moldova, St. Lucia, Malta, Greece, Portugal, Spain, Vanuatu, and others. St Lucia has taken top spot in Best CBI rankings for 2021. Property buyers have to bear additional fees such as property registration fee, citizenship processing fee, due diligence fee … Overview Part of The Commonwealth, Saint Lucia is a sovereign island nation in the West Indies that is located in the eastern Caribbean Sea on the boundary with the Atlantic Ocean. The Fund was established for the sole purpose of receiving foreign investments, though to this day, there has been no public account as to how the funds were and are being spent (which has caused considerable controversy). How do I do the “donation” with bitcoin, if I don´t have a bank account? The Saint Lucia Citizenship by Investment program is the youngest Caribbean passport program. I have a daughter that will be a NP . Plus, in the few short years that it’s been in operation, the Saint Lucian CBI has earned itself a solid reputation. ... St. Lucia admin-erdem 2021-01-26T13:46:31+00:00. USD 100,000 to National Economic Fund Saint Lucia recognizes dual citizenship, so you won’t have an issue obtaining and having two passports, ever. All these programs allow qualifying applicants to acquire citizenship in exchange for a major investment in the country in question. The Saint Lucia Citizenship by Investment Programme is a member of the Investment Migration Council (IMC). . Your key investments in Saint Lucia will pave way for Saint Lucia citizenship and a passport to the world. Some CBI programs will demand that you make the investment before you get approved for their citizenship. 5 years if you invest in property or government bonds. Could you please let me know what the average cost of “agency fees” are like? At just $100,000 (plus fees), you could get access to over 145 countries visa-free, get all of the tropical benefits, and enjoy your Saint Lucian passport for the rest of your life. St. Lucia is a sovereign island country in the West Indies. Tied with a few other jurisdictions in the Caribbean, the Saint Lucian passport is the cheapest for a single person to obtain. For just $ 100,000 ( plus fees investment ) program in December of 2015 by now, it many. 2015 to boost country 's economy the safest Caribbean islands and it ’ s citizenship by investment account! 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