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Contribute a non-refundable $100,000 to the St Lucia national development fund. Note, this amount increases for each family member included on the application. Beyond providing evidence that they meet the investment criteria, applicants and their dependents over 16 years old have to pass a thorough background check by one or more of the three firms under contract to provide this service. For complicated financial due diligence cases, Wealth-X a global authority on wealth intelligence will also be used.
Unique Government Bond investment option not available in other Caribbean CBI programs. • Visa-free travel to over 120 countries including all member nations of the Schengen Zone as well as the UK and countries such as Singapore and Hong Kong. If you register a property in your name in the country then the laws and taxation act state that you will be liable for property tax just like in the vast majority of countries in the world.
Investment Requirement In St Lucia
St. Lucia’s crisis management has also been exemplary – it was able to isolate itself rapidly, which has served to increase investor confidence. Following the Citizenship by Investment Act No. 14, this Investment Programme commenced in December 2015, which enables individuals and families to acquire St Lucian Citizenship upon making a qualifying investment. XIPHIAS Immigration is one of the rare countries which provides St. Lucia immigration services. Secure your family’s future with a second residency or citizenship offshore. All agents promoting the St Lucia program had to undergo due diligence vetting and meeting stringent government approval requirements. We are honoured to be trusted with offering governments expert advice that helps bring multi-millions worth of foreign direct investment into the country.
There is no restriction on foreign ownership of a local enterprise or participation in a joint venture. There are no requirements for foreign information technology providers to turn over source code and/or provide access to surveillance (e.g. backdoors into hardware and software keys for encryption, Turkish resident permit etc.). St. Lucia attracts foreign business and investment, especially in its offshore banking and tourism industries. According to the World Travel and Tourism Council, in 2019 tourism was St. Lucia’s main economic sector, accounting for about 40 percent of GDP and formal employment.
National Economic Fund Nef
St Lucia has a hot tropical climate, balanced by the northeast trade winds. Processing and Due diligence fees have not been included in the price, and they will cost as in previous cases. Its coast is home to volcanic Turkish work permit beaches, reef-diving sites, luxury resorts, and fishing villages. When applying for St. Lucia citizenship,you must be familiar with all the important information about the application, the terms, official papers, etc.
There are more visitors to Saint Lucia from the United States than from any other country. Family-inclusive program.Immediate dependent family members including your spouse, children under 25 and elderly parents over 65 can also obtain a second passport. The country allows for dual-citizenship and holders of the St. Lucia passport may continue to live in their own country, while still taking advantage of the visa-free travel benefits St. Lucia offers its citizens. Along with its tropical weather and beautiful scenery, St. Lucia also offers travel benefits for its citizens. A passport from St. Lucia allows visa-free or visa-on-arrival access to over 140 countries around the world.
Citizenship Programs
E-2 treaty “USA Investor visa” signed between Grenada and the United States allows citizens of Grenada to operate a substantial business in the US. Enjoy free travel to over 140+countries, including the United Kingdom, Singapore, China, Hong Kong, the European Union and Schengen zone. Enjoy free travel to over 140+countries, including the United Kingdom, Singapore, Hong Kong, the European Union and Schengen zone. “We have a highly personal approach and work with our clients as a trusted partner. From 1st January 2017, St Kitts and Nevis has made these following approved changes in age limit to qualify for its Citizenship by Investment Program. After the due diligence process, the approval letter issued by the St. Kitts & Nevis government.
Ideally, a citizenship by investment should only be one of several passports you hold. US citizens who wish to quickly renounce their citizenship may benefit from pursuing a second citizenship by investment. Learn more about Antigua and Barbuda’s citizenship by investment program here. However, access to China, Russia, and the USA could make the higher price tag worth it depending on your needs. It’s also got a flawless reputation on the investment immigration scene and fully-digital processing of all paperwork, which is especially important when a global pandemic is going on.
Program & Benefits
She is also a trustee of the choral Charity, ORA. Annamaria is a Chartered Wealth Manager, has an MA in modern languages from Cambridge University and speaks Italian, German and French. Annamaria’s career in wealth management spans over 25 years including senior roles at Schroders, Cazenove Capital Management, Merrill Lynch and latterly C Hoare & Co as head of wealth management. In 2017 after the successful completion of the sale of the C Hoare & Co wealth management business to Cazenove Capital, Annamaria joined Owl Private Office, a strategic wealth advisory business, as a founding partner. Nestor Alfred is the Chief Executive Officer of St. Lucia’s Citizenship by Investment Programme. Prior to this position, he served at a senior/executive position in varied areas within the financial services sector i.e. taxation, banking (offshore & domestic) and financial regulations. In his banking career he worked in the Islands of Barbados, Cayman Islands and Sant Lucia.
On St. Lucia, there is no wealth, gift, inheritance, foreign income or personal income tax. Business visitors will also benefit from corporate tax incentives, exemption from import duties, tax relief benefits and export allowances. Citizens of St. Lucia get visa-free or visa-on-arrival access to 144 countries and territories, including Schengen Area countries and the United Kingdom. Visa-free travel to 140+ countries with dual citizenship, while no physical stay required.
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The Real Estate investment and Government Bonds must be held and maintained for a minimum of 5 years after citizenship is granted. The St Lucia passport allows its holders to travel to around 140 countries visa-free, including the Schengen Area and the UK. The application process takes 3 months, which starts from the submission of a complete application to the Citizenship by Investment Unit.
These designated development projects offer investment opportunities in government-approved real estate. This includes high-end hotels and resorts, as well as upscale boutique properties. You are required to retain your real estate investment for 5 years from the grant of citizenship. At Jane Katkova & Associates, we can help you with citizenship by investment.
Saint Lucia has inherited decades of experience from its Caribbean neighbours. By hand-picking only the best practices, the Citizenship by Investment Board is committed to making the program the most efficient for investors while providing unmatched benefits for the country and its people. Usually, it takes three months from the date of application submission for you to receive a citizenship certificate and passport. The Turkish work permit by Investment Act No 14 of 2015 enables persons to acquire citizenship of Saint Lucia by registration following a qualifying investment in Saint Lucia and for related matters. St Lucia citizenship starts from $100,000 for a single applicant, for a donation to the National Economic Fund, plus a $7500 due diligence fee and $2000 administration fee. Statutory declaration of a non-accompanying parent of a qualifying dependent below 18 years old, indicating that he or she has no objection to his/her child acquiring St Lucian citizenship.
In the above notes we mention 4-6 months in order to cover for any unexpected delays. Once the applicant receives their approval in principal, they have 60 days in which to make the investment. If the real estate option was chosen, they also have 60 days in which to pay the Government administrative fees. We offer you citizenship by investment programs, company formation services, and an array of options that allow you to secure citizenship and obtain additional passports without residency obligations. All economic citizens of St Lucia automatically issued a passport under theCitizenship by Investment Act No 14 of 2015.St lucia passport offers visa free travel to 125 countries in the world. The passport issued under citizenship-by-investment programme is valid for 5 years.
Unlike naturalization programs, which require waiting times of several years , investment citizenship programs can provide citizenship in just a few months. Depending on the country, the investment amount can vary from just over $100,000 to over $2.5 million , plus applicable processing and due diligence fees. 2020 has served up a global pandemic with extreme lockdowns and travel restrictions. And just as riots and civil unrest spread across the US, fewer countries than ever allowed Americans visa-free access.
That being said, there are several options that offer passports of varying quality. Because of the steep price, it makes more sense for a lot of people to just acquire residency in a country and let time work for them until naturalization. This is a great option for people who do not want to uproot their lives right away, but want a Plan B for where to live, and a second passport a few years down the road.
The business investment isn’t a “come and run your own business” scenario. This is a “we have businesses run by locals, give them $400,000” type of investment. So, if you feel comfortable doing that, you can obtain your passport this way. Basically, it offers a simplified procedure to live part-time in the US as a business owner, and that makes it rather attractive to many people. One unconfirmed report indicated that the government had to be bullied into re-issuing economic citizens’ passports after they expired five years later.
This is one of the best options to protect your privacy and financial assets. St.Lucia NEF Citizenship-by-Investment Program requires an applicant to make a significant financial investment into the country in return for citizenship for the applicant and his/her family. Under this option an individual can qualify for citizenship by donating minimum of US$100,000 for single applicant and US$150,000 for a family of four. Our St Lucia Citizenship-by-Investment programme provides successful applicants with visa-free access to 145 countries, including the European Schengen Area, the UK, Hong Kong and Singapore. Parents or grandparents of the main applicant and spouse above the age of 55 living with and fully supported by the main applicant. A child of the main applicant or spouse who is physically or mentally challenged.
