Saint Lucia is a small island nation located in the Caribbean Sea and is part of the Lesser Antilles. It is known for its stunning natural beauty, rich culture, and friendly people. The island has a population of approximately 180,000 people, and its capital city is Castries.
Historically, Saint Lucia was colonized by the French and the British, and it gained independence in 1979. The island has a diverse population, with influences from Africa, Europe, and India.
Geographically, Saint Lucia is mountainous and covered in lush tropical forests. The island enjoys a warm, tropical climate year-round, with temperatures ranging from 23°C to 30°C.
St Lucia investment programs to get citizenship
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Expanding and getting some benefits through participation in special programs is possible. For example, citizenship in two countries is allowed by law, but the conditions may differ. Offers allow one to keep belonging to the native country and get a new passport. In addition, participants are offered to “exchange” funds for citizen status.
Work has been done to increase attractiveness to attract as much attention as possible. To motivate those who wish to do so, it is possible thanks to the following:
- high quality of life and quality education;
- affordable cost of the investment;
- Saint Lucia citizenship by investment for travel;
- providing benefits and reducing taxes;
- retention of first citizenship.
The study of the features will allow people to evaluate offers and make informed decisions. Having several options will allow people to compare the price and the benefits received. Read a brief overview in order not to make a hasty choice of an offer.
Investing: available options
A certain amount of funds must be contributed to obtain official status. The cost of the application varies from 100 thousand to 6.5 million dollars. Consider each of the available variants to choose the best and most profitable way to invest:
- purchase of property;
- participation in entrepreneurial projects;
- contribution to the National Fund;
- acquisition of bonds.
Raising funds through St. Lucia investments allows for better living conditions on a Caribbean island. Contributions are determined based on requirements. Therefore, deciding what influences the total amount and which offer will be profitable at the consultation is possible. The specialists are aware of the innovations and will help to find a solution.
1. Buying property
Investing in the area will allow the property to be used for business development or residence. For this reason, purchasing real estate is of the most significant interest. According to a study by an Immigrant Invest specialist Svetlana Gorchakova, it is possible to start the process of obtaining citizenship after:
- the deposit of $200,000 or more for purchase;
- payment of a non-refundable fee;
- making payment for processing the statement.
Filing a statement and paying additional fees can increase the amount up to $250,000 – the citizenship cost increases if the statement includes a spouse, children, or other dependents. All family members can obtain a passport with St. Lucia real estate investment.
2. Business projects as a way to get citizenship
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This opportunity to get a St. Lucia passport by investment is suitable for several wealthy foreigners who want to open a joint venture. The contribution amount depends on the total number of participants, but not less than 1 million dollars. Participants of the program have to choose one of the proposed directions:
- restaurants;
- ports and marinas;
- processing plants;
- research universities.
If the investor is the only applicant, the investment increases to $3.5 million. In addition, there are additional costs for listing dependents, Saint Lucia administrative fees, and processing the statement.
3. National Economic Fund
It is worth paying attention to this proposal because of the low cost. The amount ranges from $100,000 to $150,000. The final amount depends on the number of applicants, additional fees, and administrative fees. Despite the presence of costs, variation is worth considering.
The option to include a family of 5 or more people in the statement and add siblings speaks in favor of the choice. Dependents are adults who cannot care for themselves (elderly parents) and close relatives who are unmarried and without children.
4. Government bonds
To invest in St. Lucia and obtain citizenship, there is a possibility of buying bonds. In this case, the number of funds contributed is from 300 thousand dollars for an applicant without family. In addition, the foreign applicant must comply with several additional conditions:
- to remain the owner of the bonds for five years;
- pay a non-refundable administrative fee of $50,000;
- register the bonds in their name.
The inclusion in the statement of family members and dependents is allowed. However, the total amount of money to be contributed is calculated with this in mind after the statement is processed.
Requirements for the applicant
Regardless of choice, applicants must prove that they meet a few additional requirements. Only adults may apply for the statement. The processing time does not depend on the alternative chosen or the number of family members.
The list of requirements for those wishing to make real estate investments in St. Lucia or other proposed industries also includes the following:
- passing a medical examination to confirm the absence of diseases;
- documents confirming the lack of previous convictions or open criminal cases;
- undergo a thorough background check;
- prove trustworthiness and pay additional costs (administrative fees, processing).
Consideration of the statement is possible after submitting a package of documents. The application must be completed in English. Payment of expenses unrelated to the investment must be made before submitting documents to the consulate. Information about the decision is provided within 4-6 months.
Approval says that before getting the certificate and issuing the St. Lucian passport, contributions or investments must be made in the chosen field. The applicant has 90 calendar days to fulfill this requirement. In addition, a lawyer or notary public must sign an oath of allegiance to confirm official status.
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