St. Lucia, a picturesque island nation nestled in the eastern Caribbean Sea, has long been a popular destination for travelers seeking sun, sand, and sea. But in recent years, St. Lucia has also emerged as one of the most attractive destinations for citizenship by investment. As a citizen of St. Lucia, you’ll enjoy access to a range of benefits, including a strong economy, a favorable tax system, and visa-free travel to more than 146 countries. Additionally, St. Lucia boasts a high standard of living with world-class education, healthcare, and infrastructure. St. Lucia offers several investment options for obtaining citizenship, including a donation to the National Economic Fund, an investment in pre-approved real estate projects, or an investment in a pre-approved enterprise project. Each investment option has its unique benefits and requirements, so it’s important to work with a trusted advisor who can help you navigate the process.
Saint Lucia Citizenship by Investment Overview
St. Lucia’s citizenship by investment program was established in 2015 to attract foreign investors and stimulate economic growth. The program offers a streamlined and efficient process for obtaining citizenship, with a typical processing time of 3-4 months. As a citizen of St. Lucia, you’ll enjoy a range of benefits, including visa-free travel to more than 146 countries, access to a good tax system, and a high standard of living. St. Lucia offers several investment options for obtaining citizenship, including a donation to the National Economic Fund, an investment in pre-approved real estate projects, or an investment in a pre-approved enterprise project. The minimum investment required varies depending on the chosen option but typically ranges from $100,000 to $300,000. St. Lucia’s citizenship by investment program is a popular choice for investors seeking a fast and efficient way to obtain second citizenship while also enjoying the many benefits of living in this idyllic island nation.
In May 2020, St Lucia issued a new interest-free government bond, the Covid-19 Relief Bond. Buying these bonds is half the cost, with a minimum transaction amount of $250,000 instead of $500,000. One of the many St. Lucia citizenship program benefits is that it is one of the cheapest ways to obtain a second passport with investments. The investor makes a non-refundable contribution to a government fund, buys government bonds, or participates in an infrastructure project. The investor can also open a business in an area of strategic importance to the state’s economy.
Some key benefits of St. Lucia citizenship by investment include:
- Visa-free travel: St. Lucia passport holders can enjoy visa-free or visa-on-arrival access to over 140 countries, including the Schengen Area, the United Kingdom, Hong Kong, and Singapore.
- Fast processing time: The application process for St. Lucia citizenship by investment is relatively fast, with a turnaround time of approximately three to four months.
- Dual citizenship: St. Lucia recognizes dual citizenship, which means investors can hold onto their original citizenship while also obtaining St. Lucia citizenship.
- Tax advantages: St. Lucia has no wealth, gift, inheritance, foreign income, or capital gains taxes.
- Family inclusion: The St. Lucia citizenship by investment program allows for the inclusion of dependent children, parents, and grandparents in the application.
- Real estate investment options: Investors can choose from a variety of real estate investment options, including hotel shares, condominiums, and undeveloped land.
- Stable political and economic climate: St. Lucia has a stable and democratic government, a growing economy, and a welcoming business environment.
These benefits make St. Lucia citizenship by investment an attractive option for those seeking greater travel freedom, tax advantages, and a stable investment opportunity.
Investment option: Applicants must choose one of the following investment options:
A non-refundable contribution to the National Economic Fund (NEF), starting at $100,000 for a single applicant.
An investment in pre-approved real estate, starting at $300,000 for a single applicant.
An investment in a pre-approved enterprise project, starting at $3.5 million for a single applicant.
Background check: Applicants and their dependents over 16 must undergo a due diligence background check, including criminal and financial checks. Due Diligence and Processing Fees: $10,000-$60,000.
Health check: Applicants and their dependents must be in good health and provide a medical certificate.
Residency: Applicants are not required to reside in St. Lucia before or after obtaining citizenship.
Funds: Applicants must provide evidence of the source of their funds for the investment, which must come from legal sources.
Application fees: Applicants must pay various fees associated with the application, including government fees, processing fees, and due diligence fees.
If you’re interested in obtaining citizenship by investment in St. Lucia, Empire Global can help you navigate the application process and ensure that you meet all program requirements. We have years of experience in assisting investors with securing second citizenship, and we pride ourselves on providing personalized service tailored to your specific needs.
Don’t miss out on the many benefits of St. Lucia citizenship, including visa-free travel, a low tax regime, and access to a stable and growing economy. Contact us today to learn more about how we can help you achieve your goals of obtaining a second citizenship through the St. Lucia Citizenship by Investment Program. Take the first step towards a brighter future for yourself and your family.