Saint Lucia has taken an example of the methods used by its maritime neighbors for decades. Citizenship by Investment Board has endeavored to make the program the most efficient citizenship option for investors yet. The aim is to make the program offer extensive privileges to investors. Saint Lucia’s Citizenship by Investment Program (CIP) was launched in December 2015 as part of the Citizenship by Investment Act. CIP is the latest program in the Caribbean region.
The whole process is completed rapidly within 3 months
Inclusion of the dependent children under age 25,
Inclusion of dependent parents and grandparents above age 65,
No requirement to reside in Saint Lucia,
No requirement to visit Saint Lucia during the application process,
Inclusion of dependent children who are physically or mentally challenged,
No interview requirement. Also, no minimum education or prior management experience required,
Visa-free travel to over 130 countries, including Europe’s Schengen Zone, the U.K and Hong Kong.
No foreign income tax.
The applicants must meet the criteria below and fulfill one of the investment options detailed in “Investment Options” section to obtain citizenship.
A minimum net worth of $3.000.000.
An outstanding character,
No criminal record,
1. National Economic Fund (NEF)
High Net Worth Individuals may choose to make one of the following contributions to the NEF.
For the main applicant: $100.000
For the main applicant and the spouse: $165.000
For a family of four: $190.000
For each additional dependent: 25.000$.
2. Real Estate Projects
The minimum value of the purchase must be $300.000 and the real estate must be in a pre-approved development area. The real estate is to be kept and maintained for a minimum of 5 years. Property registration, processing fees and taxes must be paid separately.
3. Government Bonds
Upon receiving the confirmation, the applicant and the family may buy Saint Lucia government bonds. It is mandatory to keep the bonds registered under your name for 5 years. The value of the government bonds may vary depending on the number of the family members as stated below.
For the main applicant: $500.000
For the main applicant and the spouse: $535.000
For a family of four: $550.000
For each additional dependent: 25.000$
4. Enterprise Projects
The main applicant may make an investment with a minimum capital of $3.500.000 and create at least 3 jobs in a pre-approved project. Qualified applicants (a maximum of 6 applicants) may go into a joint investment together with a total capital of $6.000.000 as long as each contribute a minimum of $1.000.000. This joint investment must create 6 jobs. Pre-Approved Enterprise Projects Categories are as follows.
Specialty Restaurants, Cruise Ports & Marinas, Agro-Processing Plants, Pharmaceuticals, Infrastructure Research Institutions and Facilities, Offshore Universities.
In both options, there will be additional fees depending on the size of the family. The government may change additional fees periodically. Please contact us for the most current fees.
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Between the Caribbean Sea and the Atlantic Ocean, to the north of Trinidad and Tobago.
616 sq. km.
FORM OF GOVERNMENT
Parliamentary democracy (Parliament) under a constitutional monarchy and Commonwealth realm
East Caribbean dollars (XCD), tied to USD
English (official), French patois
Population Growth: 0.33%
GDP (per capita)
GDP (purchasing power parity)
2.083 billion USD