St. LUCIA
HIGHLIGHT
Lucia is offering economic citizenship to foreigners, investing in the country under certain criteria, since 2015.
Investors of good character and repute can opt to make a contribution to the development of St. Lucia and in return they are given the opportunity to apply for St. Lucia citizenship and passport. The process is very straightforward and transparent. Application processing generally takes around 4 to 6 months time. There is no interview and applicants are not required to have any managerial experience or language skills.
Family members of the investor, including spouse, children under the age of 25 and parents above the age of 65, can be included in the CBI application, as dependents. A new born can be added for $500.
Applicants do not need to travel to the country during the application process and no residency is required from them.
Obtaining a second passport through St. Lucia's CBI program is beneficial, as it grants its holder visa-free access to 144 jurisdictions, including the European Schengen zone, the UK, Most of Latin America, South Korea, Hong-Kong, etc.
St. Lucia allows dual citizenship. Economic citizens have the same rights as local citizens. St. Lucia has a very favorable taxation system with no capital gains, no worldwide income or inheritance taxes.
Obtaining a second nationality, the benefits are endless. Having a second passport is crucial. It is no longer just a second travel document or for hassle free traveling but more or your "plan B".
CBI Options
Applicants can qualify for St. Lucia citizenship under its Citizenship-by-Investment (CBI) program to choose one of the four options:
Single applicant must contribute at least US $100,000 to the National economic Fund (NEF). However, if applying together with spouse the donation threshold equals to US $140,000. Main applicant and spouse (family of four with one child above 16 and one below 12) US $150,000. The fee for any additional dependent of any age is US $25,000. Please refer to page 5 & 6.
An applicant can choose to invest in a high brand hotel or luxury boutique properties for a minimum of US $300,000. There are currently two approved real estate properties: Canelles & The Alpina St. Lucia Hotel.
The administrative fee for the real estate investment is US $30,000 for applicant applying alone. Applicant with spouse is US $45,000. Each additional dependant (under 18 years) is US $5,000. Each additional qualify ing dependant (18 years and over) is US $10,000. Appli cant applying with spouse and more than four qualify ing dependants US $10,000 for each dependant of any age. The real estate acquisition becomes re-salable after 5 years.
Applications for citizenship of Saint Lucia can be made through an investment in the National Action Government Bonds (“NAB”).
The bonds are non-interest bearing, and must be registered and remain in the name of the applicant for a five-year holding period from the date of first issue.
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Applicant applying with any number of dependents:
- US$ 300,000.
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- An additional, non-refundable administration fee of US$ 50,000 is applicable.
APPLICATION PROCESS
An application must be submitted in electronic and printed form by an authorised promoter to Saint Lucia Citizenship By Investment Programme (CIP).
First step
Once forms and required supporting documents are complete, application fees are to be paid at the same time as the application is submitted. These fees are:
i) Due Diligence (DD) fee of US $7,500 for the principle applicant. ii) Due Diligence fee of US $5,000 for the spouse. iii) Due Diligence fee of US $5,000 for appli cants above 16 years old. iv) Processing fees of US $2,000 for the principle applicant, and additional fee of US $1,000 for each additional dependent.
Second step
The government vets the application and conducts a due diligence on the candidate through an external service provider.
The average processing time from receipt of the application to the final decision is about 3 to 4 months.
Third step
An official notification letter from the unit approving the application in principle will be provided.
The principal applicant must make the qualifying investment within ninety (90) calendar days after the notice by the unit to the authorized agent.
Fourth step
An applicant who is granted citizenship by investment must sign oath of allegiance. The certificate of registra tion is then prepared and issued.
Final step
Our local staff in St. Lucia, Will submit your passport appli cations to the local passport authorities and your St. Lucia passports are issued within a few weeks, These will then be couriered to our headquarters in Dubai, where we handover your passport to you with a notarized travel letter.