Program features:
The program has been running since 2016 and it is considered the youngest in the Caribbean. This is a plus: the authorities of Saint Lucia want to stand out in the market, so they regularly simplify the process, make favorable offers and promotions that increase the interest of investors.
At the end of 2019, the authorities issued passports for investments to more than 630 foreigners. Good results, given that only 60 people were granted economic citizenship in Saint Lucia in the first year. Investors from the Middle East and North Africa are most interested in the program.
Some applicants are attracted by the business opportunities of an offshore state, others prefer the freedom to travel around the world (not only 145+ countries without visas, but also access to long-term visas to the United States and Canada). There are applicants that seek for a "spare airfield" for family and capital. For example, a bank account in Saint Lucia guarantees a high level of privacy and security.
Most options (except for donations to the Fund) presume a return of capital after 5-7 years (the period depends on the number of family members). The entry threshold is $100,000.
The registration procedure is carried out only by an accredited agent (check the approved list) and takes from three to six months. There is no need to give up other passports, and the investor and his family, as well as subsequent generations, retain the right to Caribbean citizenship.
Investment Options | |||
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$ 100,000 + | $ 300,000 + | $ 500,000 + | $ 1,000,000 + |
The National Economic Fund (NEF) | Real estate investment | Government securities | Business and state projects |
Non-refundable investments. The final amount depends on the number of applicants. You must donate to the NEF of Saint Lucia:
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It is necessary to buy a share worth at least $300,000 in a project approved for investment. These may be top-level hotels and resorts, or boutique hotels. The property must be owned by the investor for 5 years after obtaining citizenship |
Purchase of government bonds with the possibility of capital repayment. After approval of the application you have to pay a non-refundable fee of $30,000. You can also purchase government bonds for five years for the price of $500,000 or more. Then you can return the capital. Depending on the family composition, the entry threshold changes:
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You need to buy a share in approved industries or invest in state projects. For example, restaurants, pharmaceutical companies, infrastructure facilities, research institutions and universities. Individual investments
Joint investments
The list of projects and companies has not yet been approved by the authorities of Saint Lucia. |
Also read:
Second Passport. Dominica Citizenship by Investment
Second Passport. Saint Kitts & Nevis Citizenship by Investment
Second Passport. Antigua and Barbuda Citizenship by Investment
The authorities of Saint Lucia offer an expanded immigration program. The investor has the right to include in the application the spouse and children, and also brothers, sisters, and parents.
Spouses need to be in an officially documented marriage. Children must be under 30 years old and financially dependent. Parents of applicants must be over 55 years old and financially dependent. Siblings of investors must be under 18 years of age and have a consent of the parent/guardian.
Children and parents with disabilities don’t have any age restrictions.
To participate in the program, there are no requirements for knowledge of the language, history or culture of the country. The most important thing is to successfully pass a security check and confirm the legal origin of the capital.
Those who have violated the visa regime with the United Kingdom, Canada, the United States, the EU, currently are under investigation or have committed a criminal offence, can be refused a passport.
You can also be declined, if false information is provided or the authorities consider the candidate to be potentially dangerous to the national security and reputation. The biographies of all applicants over the age of 16 are carefully checked.
All documents must be translated into English by a licensed translator and have an apostille stamp.
Expenses | ||
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Verification of trustworthiness The fee for the main applicant is $7,500. |
Administrative fees For processing the application:
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Lawyer's fee An accredited agent will request $15,000-50,000 for supporting the procedure of obtaining citizenship, depending on the family composition and the prices of a particular company. |
Foreigners with investment citizenship have the same rights as any other resident of Saint Lucia. The investor and his family also have all the rights associated with the state's membership in the Caribbean community (CARICOM).
The whole process of obtaining a new passport takes up to 6 months.
Read more about the program here.
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