Investor’s Choice: Citizenship of St Lucia. How to Obtain Passport of this Caribbean State

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Just like many other Caribbean countries, St Lucia is offering investors citizenship in return for investment in their country. St Lucia boasts of the newest program among its Caribbean counterparts so if exclusivity is your thing, this country might just be what you’re looking for since it is still fairly new with lesser applicants for now.

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It can also claim to have the benefit of learning from its neighbors and handpicking the best practices only for its program. Whichever way, St Lucia citizenship by investment offers you an opportunity to enjoy the full Caribbean experience; a cool and serene environment, lovely beaches, and unspoiled natural landscape.

Are you looking to get a second passport from St Lucia? You’ll see how you can do this in this guide, but first, why St Lucia?

Why Investors Choose St Lucia

There are several reasons why St Lucia’s citizenship by investment program is gaining popularity. Here are some:

Affordability

At $100,000 for a single applicant, St Lucia can boast of having the cheapest citizenship by investment program in the world. This gives more people the opportunity to grab the St Lucian passport and enjoy the benefit of being a citizen.

Speed

You can get your St Lucian passport after just 90 days if your application is approved. The speed at which they process your application can help you if you need the passport urgently.

Visa-Free Travel to Over 145 Countries

With a St Lucian passport, you can travel visa-free to over 145 countries, sorting out most of your travel issues like waiting for visa approvals and even denials. You can see the power of the St Lucia passport at global residence index.

Access to a Stable Economy

The political and economic structure in St Lucia is stable as they practice democracy with elections bringing in new leaders. No one wants a country with a delicate economy on the brink of collapse.

Tax Incentives

There is no tax on worldwide income. You get to keep a huge chunk of your money if you earn outside the country.

No Residency Requirement

You do not need to stay in the country to retain your residency. Some countries may require you to stay for some days to retain your residency but with St Lucia, there are no such requirements.

Investment Options

There are several investment routes you can take to obtain a St Lucia passport. They all have varying amounts and conditions attached to them.

Donation 

Being the cheapest option, many investors have used the donation route to get their second passports. You have to donate a non-refundable amount to the national economic fund. This fund will be used to boost the economy of the country.

The amount to donate varies by the number of applicants with single applicants donating $100,000 and a family of four donating $150,000.

Real Estate

Instead of donating, you can buy a real estate property of at least $300,000 for a single applicant. This property must be approved by the government before it can count towards your citizenship application.

With the real estate option, you can make a profit on your investment if you purchase a commercial property or when reselling the property.

Enterprise Project

You can invest the sum of $3.5 million into an enterprise and create at least 3 jobs to gain citizenship. The projects will have to be in key industries like the construction industries, research institutes among others.

This option will benefit investors looking to go deep into the St Lucian business space.

Government Bond

You can also invest $500,000 into government bonds as a single applicant and get citizenship but bear in mind that you must hold this bond for at least 5 years.

There are additional fees like government fees, due diligence fees, processing fees, and agent fees you may have to pay with each option.

How to get St Lucian Passport

To get a St Lucian Passport, you must first check your eligibility which includes:

  • Pass a background check
  • Be over 18 years
  • Have a clean criminal record
  • Be of sound health

You can then complete the application and pay the necessary government, and due diligence fees while waiting for the government to approve or deny your application.

If your application is truthful and you pass the requirements, your application should be approved in no time. After which you will have to make the agreed investment.

You will be granted citizenship and issued a passport once you’ve completed the process.

Finally

There’s a reason why investors are flocking towards St Lucia’s citizenship by investment program. And aside from its affordability, the country offers its citizens so many others advantages.

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Investor’s Choice: Citizenship of St Lucia. How to Obtain Passport of this Caribbean State
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Just like many other Caribbean countries, St Lucia is offering investors citizenship in return for investment in their country.
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