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Citizenship By Investment In Saint Lucia

St Lucian Visa Timeline

Visa-free travel to 150+ countries with dual citizenship, no physical residency required. As one of the relative newcomers to the Caribbean CIP scene, the St Lucia program benefits from the experiences of the second citizenship programs of St Kitts, Grenada Antigua and Barbuda and the like. In a process sense, therefore, the St Lucia Programme constitutes somewhat of a “best of breed” in the region. Passport Legacy is a boutique firm with over 12 years of combined experience in the citizenship-by-investment industry.

For the Antigua Citizenship Program, there are three main investment possibilities to consider. Grenada citizens are now able to travel to Russia without the need to apply for a visitor visa. Grenada passport holders also now enjoy visa-on-arrival access to the United Arab Emirates , thanks to a new Memorandum of Understanding signed by representatives of the two countries.

Investment

I full heartedly recommend the firm to any party interested in doing business in St Lucia. The special offer was originally set to expire at the end of 2020, but the government has extended the discount for another year. As a leading global corporate and trust service provider established in 1972, GTOS offer our clients more than 45 years’ experience and employ more than 1,200 staff across our network of 68 offices worldwide. We have established in excess of 180,000 companies, foundations and trusts and provide ongoing administration for many of these entities on behalf of our clients.

In addition, Government processing fees and professional fees will also be due. St Lucia allows dependent children under the age of 25 to be included in the application, provided they are unmarried. The bond can be redeemed by the citizen or the authorized agents after the holding period. The Citizenship is permanent and it is not withdrawn upon receiving back the bond sum. The Government of Saint Lucia issues 5, 6, or 7 year zero-coupon Government Bonds to attract prospective investors/applicants under the Citizenship by Investment Program .

Countries

In terms of getting around the island, minibuses serve as the main public transport, while taxis are also available, as are hire cars (St Lucian’s drive on the left). St Lucia is further well-serviced by ferries, making island hopping a breeze. 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.

Vaida has done a wonderful job and has been very responsive with the daily crises of submitting our Tier 1 application. She has been extremely patient with us as well so we are very grateful to both Rahul and Vaida. Honestly we were shocked but overjoyed that the visa was approved so readily and without an interview or additional documentation. We wish you the best and thank you so much for your help and support. You can travel to more than 144 countries, including Hong Kong, UK, Singapore, and Schengen without a visa. AAA Associates is a UAE-based immigration services company that specializes in the most in-demand areas of immigration and Citizenship by investment field.

Taxation Of Individuals And Legal Entities

Then the candidate application and other documents are reviewed by the Government. If the documents are okay for the authorities, then an advice letter in terms of candidate application is issued and forwarded to the applicant. The main candidate and his/her dependents must be clean in a criminal record and also not to be regarded as a potential threat to national security.

The Citizenship by Investment Act allows applications for the citizenship by investment program to be submitted exclusively through a licensed agent. Together with the main applicant, citizenship is also offered to their spouse, children, parents, brothers and sisters, if included in the application. In addition to the investment, you also have to pay for due diligence, fees and charges, and documentation services. The total cost of the programme depends on the number and age of the family members. In Saint Lucia, taxes are paid for doing business within the country. No land ownership licence fee is payable on the purchase of real estate under the citizenship programme.

What Makes Investing In A St Lucia Second Citizenship Legal?

Its historical association with the Russian Federation and other nations offers many benefits to global citizens. Depending on the program chosen, securing a permanent residency or citizenship will enable you to easily trade within particular economic and geographic areas. In all real estate options, the initially invested amounts must be maintained for a minimum period, usually ranging from three to five years. You can then sell your share after the required duration at the current market value.

The Saint Lucia Citizenship by Investment Programme is a member of the Investment Migration Council . 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. The IMC sets the standards on a global level and interacts with other professional associations, governments and international organisations in relation to investment migration. The IMC helps to improve public understanding of the issues faced by clients and governments in this area and promotes education and high professional standards among its members. St Lucia citizenship by donation is just another way of saying St Lucia CBI. It basically means acquiring second nationality in St Lucia in exchange for a qualifying investment. First, your application will be received by the Citizenship by Investment Unit of St Lucia.

After holding residency for two years, permanent residency can be obtained at that point. So based on what your needs are, certain programs may work better for you than others. Citizenship by investment programs gets you fast track citizenship within months, waiving naturalisation requirements such as residency, military service, language requirement etc.

The Unit may consult with Invest Saint Lucia in considering potential enterprise projects for recommendation to the Minister for approval for the purposes of the Citizenship by Investment Programme. Due diligence fees as set out in paragraph 3 of Schedule 1, shall be charged separately from the Citizenship by Investment Programme processing and administration fees. There is no requirement to travel to St Lucia during the application. Saint Lucia’s government is a two-party parliamentary democracy within the British Commonwealth realm.

Primary Applicant And A Family Of More Than 4: 5,000*

Saint Lucia is a sovereign island country in the West Indies in the eastern Caribbean Sea, and on boundary with the Atlantic Ocean. Being part of the Lesser Antilles, it is located North/Northeast of the Turkish resident permit island of Saint Vincent, Northwest of Barbados and South of Martinique. St Lucia is a Caribbean island with a tumultuous history that saw it frequently switch between French and British colonial rule.

Citizenship-by-investment programmes have helped to attract high net worth individuals to the islands. Dixon is after the same cohort locally and internationally with Jamaica Sotheby’s International Realty — a company she owns and operates with Alexander Melville. With Sotheby’s, they are targeting the upper end of the market with luxury real estate.

Whether you need assistance from our student education consultants or our visa agency, Resettle Worldwide will help you start your visa application. Since most of the population live along the coast, you are never too far away from a beach. This easy access makes Saint Lucia a place for never-ending relaxation. Saint Lucia is a haven for all persons, from those who love the indoors to sea and nature lovers.

The number of these programs is constantly increasing as more and more countries realize the economic advantages of opening their doors to immigrant investors. Education is the foundation of a successful life as a global citizen. Investing in a second citizenship can open up access to the best schools in the world for applicants and their children by qualifying them for domestic rather than international tuition fees. Many passports are quite restrictive in their visa-free mobility, forcing citizens to obtain visas whenever they need to travel abroad.

• But the quality of Caribbean passports – defined as the number of visa-free countries you can visit – isn’t as high as some of those granted by high-end economic citizenship programs in Europe.
• Through our exclusive partnership with an international provider of Citizenship and Residency by Investment, we can provide you with suitable options for both the Tier 1 and Innovator visa applications.
• The St. Lucia Government does not require you to pass any interviews, language tests or have previous work experience to be able to apply for this program.

An approved real estate development with a minimum value of USD $300,000, which must be held for a minimum period of five years. Each type of investment carries a minimum qualifying investment for the applicant along with non-refundable fees for due processing of the application. Once the real estate project is approved it becomes eligible for the qualifying investments from applicants of the Citizenship Investment Program. Providing false information or being convicted turkish citizenship by investment in criminal activities may be the reason for annulling the citizenship and the alternate passport of the investor might be revoked. Applicants, who pose potential national security risk or have been denied an entry visa to the countries with which St. Lucia has a visa-waiver agreement, can not qualify for economic citizenship scheme. The two-island nation of St. Kitts and Nevis’s CIP is the oldest, launched in 1984, and the base for all other such programs.

That means there’s a possibility to recoup some of the money after the holding period is over. Real estate requires a $300,000 minimum investment and is limited to high-end branded hotels and resorts and high-end boutique properties. They decided that the way to attract more capital was to slash the prices of their citizenship by investment programs. On a bright side, five years later, St. Lucian government should pay you the $250,000 bond amount back, so your final cost for the passport will just be the fee of $37,500. And some Caribbean countries offering citizenship by investment don’t allow investments in local businesses.

Before the global pandemic, an American passport got you into 184 countries. Based on the results, the Government makes a decision on your Citizenship application. Citizenship Invest professional fees, official application forms, certification of citizenship and passport, courier & other disbursements are the only other costs associated. A detailed quotation with no hidden costs is provided for the specific case. St Lucia passport grants you a Visa-free travel to 146 countries including the Schengen area countries, the United Kingdom, and most British Commonwealth member countries. The government of St. Lucia officially launched Saint Lucia’s Citizenship By Investment Program on Tuesday 29th December 2015.

Citizens of St. Lucia are liable to pay income tax at a rate of 30% less allowance and deductibles. High-end branded hotels and resorts – defined as hotels and resorts which feature sophisticated, upmarket amenities and luxury accommodations and offer 4 or 5 star service as established by the international hospitality criteria. This luxurious island with its lush green flora and exotic fauna is home to some of the friendliest people in the world.

First, you’ll need to wait at least three years to get your passport with that approach. With citizenship by investment, you can often get your passport within a year. As I’ve said for the past few years, the Tier B passports that you get from Caribbean citizenship by investment are the wave of the future. Caribbean citizenship by investment is real, legitimate, and a great option for the right person.