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St. Lucia Citizenship by Investment Benefits

Citizenship by Investment

St. Lucia Citizenship by Investment Benefits

The St. Lucia Citizenship by Investment program offers streamlined investment options with minimal documentation requirements, a processing time of 4-6 months, and no residency or landing obligations. Participants gain visa-free access to 146+ countries, including the UK and EU, while enjoying exemptions from personal and worldwide income taxes. This program allows for dual citizenship and accommodates dependent children under 30, parents over 55, individuals with disabilities, unmarried siblings under 18, and qualifying dependents of previous CIP applicants.

Why choose St. Lucia citizenship?

  • Efficiency:Streamlinedd and simple application process.
  • Quick Processing:Citizenship is typically granted in 4-6 months.
  • Visa-Free Travel: Access to 146+ countries, including the UK and EU.
  • Tax Benefits: No personal or worldwide income tax.
  • Dual Citizenship:This allows you to maintain your original citizenship.
  • Flexible Dependents.
  • Stable Environment: Political stability and natural beauty.
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Processing Time

4-6 months

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Contribution

1000

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Visa-Free Travel Within

160+ countries

The Citizenship by Investment program of Antigua & Barbuda necessitates investors to make a contribution to the National Development Fund or engage in real estate projects or government-approved businesses. In exchange for their investment, they are granted citizenship and a passport.

$200,000

Real Estate Investment

Applicants for the Antigua & Barbuda citizenship by investment program have the option of making a joint investment in real estate through the purchase of shares in a company holding the asset. Two applications from related parties in the amount of a minimum of US$200,000 will be considered as qualifying investment.

$100,000

Contribution to NDF

The government has recently reduced the required contribution amount to only $100,000 USD (family of 4) and $125,000 USD (family of 5 or more).

Investment Opportunities

St. Lucia presents a multitude of enticing investment opportunities, with the Citizenship by Investment (CII) program standing out as a prominent avenue for global investors to secure second citizenship while contributing to the nation’s development. Among the diverse investment prospects are luxury real estate, boutique hotels, infrastructure projects, and agribusiness ventures. St. Lucia’s blend of political stability, tax advantages, and strategic location makes it an alluring choice for those interested in tourism or sustainable agriculture investments, fostering a promising environment for business growth and prosperity.

Education and Healthcare

St. Lucia’s education system is comprehensive, offering free primary and secondary education. Tertiary education opportunities are available through institutions like the Sir Arthur Lewis Community College and the University of the West Indies Open Campus, with a focus on technical and vocational training to enhance employability.

St. Lucia’s healthcare system is well-developed, offering both public and private services. The public healthcare system ensures accessibility to essential services, while the island’s modern medical facilities and skilled healthcare professionals cater to diverse healthcare needs. The nation is also known for specialized services, making it a destination for medical tourism. Government investments underscore the commitment to healthcare and well-being.

Key Facts

Capital

Castries

Languages

English (official)

Currency

East Caribbean dollar (XCD), Tied to USD

Population

180,251 (2023)

Tax Benefits

St. Lucia’s favorable tax environment makes it an enticing destination for investors. The absence of capital gains tax means that profits from asset sales remain untaxed while there are no inheritance or wealth taxes, simplifying intergenerational wealth transfer. Low personal income tax rates and a progressive tax system provide further financial relief for individuals. Additionally, St. Lucia has established double taxation treaties to prevent double taxation and encourage international business activities. The nation also offers holiday and tax incentives to attract foreign investment, making it a compelling choice for those seeking tax-friendly opportunities.

Political Stability

Saint Lucia maintains a commendable level of political stability with a well-established democratic system marked by peaceful transitions of power through regular elections. The nation’s multi-party system fosters a vibrant democracy, underpinned by a strong commitment to the rule of law and democratic values. Saint Lucia’s cooperative approach at regional and international levels further solidifies its reputation as a reliable and predictable environment for residents and investors, emphasizing its enduring political stability.

How to Obtain St. Lucia Citizenship

Citizenship Application Process

In the process of obtaining citizenship through Migrate World in St. Lucia, it starts with an initial consultation to explore options and conduct security checks. Fees are agreed upon, covering various costs. Upon choosing a property, documents are collected and submitted to the Citizenship by Investment Unit, taking about 10 business days. An approval waiting period of 4-6 months ensues, possibly requiring additional documentation. After approval, outstanding payments must be made within 60 days, leading to the issuance of citizenship certificates. Passport issuance typically takes an additional 2-4 weeks to complete

Investment Requirements

Individuals seeking St. Lucia citizenship have three distinct options to choose from. The first is contributing to the Saint Lucia National Economic Fund (NEF), which supports government-sponsored projects. The second option involves investing a minimum of $200,000 USD in approved real estate projects, with funds held in an irrevocable escrow account. The final choice is obtaining citizenship through the purchase of non-interest-bearing National Action Bonds, which must be held in the applicant’s name for a 5-year period from the initial issue date. These options provide flexibility for individuals looking to secure St. Lucian citizenship.

Timeline and Costs

From application to approval, obtaining St. Lucia  citizenship typically takes 4 to 6 months. Costs involve government fees, due diligence fees, and the chosen investment, with expenses varying depending on your selected investment route.

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    How Can MigrateWorld Assist You in Obtaining St. Lucia Citizenship?

    Migrate World will assist in your St. Lucia citizenship application. We provide expert advice throughout your journey, from choosing an investment option, preparing documents, submitting them, and meeting all legal requirements to being reviewed efficiently by our team of specialists. Migrate World makes this complicated process hassle-free while giving expert advice on how to achieve citizenship.

    Program Summary

    Learn more about the country and it's citizenship by investment.

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      FAQs

      Indeed, government bonds are often viewed as a secure and low-risk investment option. They necessitate a minimum investment of $300,000 and have a mandatory holding period of at least five years.

      Saint Lucian passports 76th worldwide as of October 2023, giving its holders visa-free travel access to more than 146 countries worldwide.

      The majority of Caribbean nations, including Jamaica, typically mandate that your passport remain valid for a minimum of six months beyond your intended departure date.

      Visa is unnecessary for this location for stays of up to six weeks. It's important to note that although a visa isn't a prerequisite, you should have a passport with a validity of at least six months beyond your planned departure date and a minimum of one blank visa page. Additionally, you must possess evidence of onward and return flights.

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