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SAINT LUCIA CITIZENSHIP BY INVESTMENT 2020 ABOUT ST. LUCIA CITIZENSHIP BY INVESTMENT!
The Saint Lucia Citizenship Act passed by the Parliament in August of 2015 makes St Lucia the fifth Caribbean country to offer citizenship by investment program. The Act enables individuals and families to acquire Saint Lucian citizenship upon making a qualifying investment. When opting to be a citizen of Saint Lucia, you must be aware that government not just offering citizenship but offering an identity.
BENEFITS OF ST. LUCIA PASSPORT As a citizen of St. Lucia, you can take advantage of a range of personal benefits which include: Visa-free travel to more than 110 countries, including the EU-Schengen, United Kingdom, Singapore, Hong Kong and Ireland Minimal taxation – no wealth, gift, inheritance, foreign income or capital gains tax Full residence status, with the right to live and work in St. Lucia Dual citizenship is allowed
No residency requirements The application process is confidential. Minimum processing time around 90 days.
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ST. LUCIA CITIZENSHIP REQUIREMENTS AND PROCEDURES
To be eligible for St. Lucia citizenship under its Citizenship by Investment Program, the Government requires an investment in one of the four approved areas.
ST. LUCIA CITIZENSHIP BY INVESTMENT OPTIONS
A qualifying investment under the Citizenship by Investment Program shall satisfy at least a minimum investment in one of the four approved areas. A) Saint Lucia National Economic Fund B) Real Estate Projects C) Enterprise Projects D) Government Bonds “This option is hereby suspended until further notice.”
A) SAINT LUCIA NATIONAL ECONOMIC FUND Applicant applying alone: US$100,000 Applicant applying with spouse: US$140,000 Applicant applying with spouse and up to two (2) other qualifying dependents: US$150,000 Each additional qualifying dependent up to age of 30: US$25,000
B) REAL ESTATE PROJECTS The minimum investment in a real estate project is required: Main Applicant: US$300,000
C) ENTERPRISE PROJECTS
The minimum investment in an approved enterprise project has been approved is required: Option 1 – A sole applicant: US$3,500,000 Option 2 – More than one applicant (joint venture): US$ 6,000,000 with each applicant contributing minimum US$1,000,000
D) GOVERNMENT BOND OPTION ENTAILS The existing regulations for the investors purchasing government bonds are as following: Single applicant: US$ 500,000 Applicant with spouse: US$ 535,000 Applicant with spouse and up to 2 dependents: US$ 550,000 Each additional dependent: US$ 25,000 The notice further states that the pursuant of St Lucia Citizenship are required to pay a non-refundable administration fee of USD 50,000 for each bond.
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OTHER APPLICATION FEES
The following fees have been prescribed under the Citizenship by Investment Regulations of 2015.
NON-REFUNDABLE PROCESSING FEES Principal applicant: US$ 2000 Each qualifying dependent: US$ 1000
NON-REFUNDABLE ADMINISTRATION FEES (applicable for an approved real estate or enterprise project investment) Principal applicant: US$ 50,000 Each qualifying dependent: US$ 35,000 (18 years of age and over) Each qualifying dependent: US$ 25,000 (under 18 years of age)
DUE DILIGENCE FEES
Principal applicant: US$ 7,500 Each qualifying dependent (Over 16 years of age): US$ 5,000
FURTHER INFORMATION ABOUT ST. LUCIA PASSPORT! CTrustGlobal is a government appointed authorized agent to promote the Saint Lucia Citizenship Program by Investment and facilitate the process for the interested investors. Investors can contact us for other details on fees and alternative investment routes.
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