St. Lucia Citizenship by Investment: A Complete Overview
The Caribbean island nation of St. Lucia is the latest entrant into the Citizenship by Investment (CBI) program, joining other Caribbean countries such as Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis.
The St. Lucia CBI program offers high net-worth individuals and their families the opportunity to obtain citizenship in the country by making a significant financial investment in the country’s economy.
Investment Options
The St. Lucia CBI program offers two investment options:
- Contribution to the National Economic Fund
- Real Estate Investment
Contribution to the National Economic Fund
Under this option, applicants can make a direct non-refundable contribution to St. Lucia’s National Economic Fund. The contribution amounts are as follows:
- USD 100,000 for a single applicant
- USD 140,000 for the main applicant and spouse
- USD 150,000 for a family of four members, including the main applicant, spouse, and two dependents
- USD 15,000 per additional dependent
Real Estate Investment
Under this option, applicants can invest in pre-approved real estate developments in St. Lucia. The investment amounts are as follows:
- USD 300,000 for a minimum investment in a pre-approved real estate project
- USD 500,000 for joint investments in pre-approved real estate projects
Benefits of St. Lucia Citizenship
Once you obtain St. Lucia citizenship, you can enjoy the following benefits:
- Visa-free or visa-on-arrival access to over 140 countries and territories worldwide, including the UK, Schengen countries, and Singapore
- No residency requirements in St. Lucia, though it is advisable to spend at least 5 days in the country in the first five years of citizenship.
- No tax on worldwide income
- Low personal and corporate tax rates
FAQs
Q: How long does it take to obtain St. Lucia citizenship?
A: The St. Lucia Citizenship by Investment program takes around 3 to 4 months to obtain citizenship.
Q: Is St. Lucia a safe country?
A: Yes, St. Lucia is a safe and peaceful country.
Q: Can I include my parents and siblings in the application?
A: No, parents and siblings are not eligible to be included in the application. However, you can include your spouse and children under 25 years of age.
Q: Can I travel freely with a St. Lucia passport?
A: Yes, you can enjoy visa-free or visa-on-arrival access to over 140 countries and territories.
Q: Is there a language requirement for the St. Lucia Citizenship program?
A: No, there is no language requirement for the St. Lucia Citizenship program.
Q: Is the St. Lucia Citizenship program recognized globally?
A: Yes, the St. Lucia Citizenship by Investment program is recognized globally.
Conclusion
The St. Lucia Citizenship by Investment program offers high net-worth individuals and their families the opportunity to obtain citizenship in a peaceful and welcoming country. With visa-free access to over 140 countries and territories and low tax rates, St. Lucia citizenship can be a great investment for those looking to expand their international mobility.