Citizenship programs in St. Lucia – Your address of second home.

by Hudson Mckenzie Lawyers and Solicitors who understand you

St. Lucia has the latest and debatably the well-positioned citizenship by investment program in the Caribbean region. Vivacious, judicious and appealing, Saint Lucia offers all the tropical welfares of the region while enduring high-class, authentic and engaging.

WHY SAINT LUCIA?

Saint Lucia has naturally driven years of experience from its Caribbean nationals. By carefully choosing only the best practices, the Citizenship by Investment Board is dedicated to making the program the most efficient for investors while providing exclusive benefits for the nation and its people.

Saint Lucia identifies dual citizenship, which may be beneficial for business growth and tax relief. Other benefits include the following:

·         Quick processing within three months.

·         Presence of dependent children under 25.

·         Inclusion of dependent parents above 65 who are presently living with the applicant.

·         Inclusion of mentally or physically challenged dependent children and/or parents.

·         No bodily residency requirements.

·         No need to travel to Saint Lucia during the application process.

·         No interview, education or managerial experience needed.

·         Visa-free travel to over 100 countries, including the Schengen Zone, the U.K. and Hong Kong.

·         No tax on global income

Citizenship Programs in St. Lucia were setup in 2015 under the guidelines of the Citizenship by Investment Bill 2015, making it the most current toting to the CIP programs in the Caribbean region.

Saint Lucia has wonderfully placed its program for the global best by off-putting application numbers and increasing the overall net worth requirement. To qualify for citizenship in Saint Lucia, applicants must fulfill one of the investment requirements below in addition to the following criteria:

·         Has excellent character.

·         Possess no criminal record.

·         Enjoy excellent health

High net worth people may choose to give a monetary contribution to the NEF organization via one of the arranged contribution levels.

·         US$100,000: Single applicant.

·         US$165,000: Main applicant with spouse.

·         US$190,000: Family with up to 3 dependents (spouse + 2 children).

·         US$25,000: Each additional dependent.

2. Real Estate Investment

Applicants may buy property valued at a least of US$300,000 in a preapproved real estate development zone. The property must be possessed and maintained for a minimum of five years. Property registration, processing fees and taxes must be rewarded in addition to the property acquisition.

3. Government Bond Investment

After approval an applicant and associated family may choose to invest in Saint Lucia government bonds, which must be held for five years. The bond amount will vary depending on the size of the family.

·         US$500,000: Single applicant.

·         US$535,000: Main applicant and spouse.

·         US$550,000: Family of up to 3 dependents (spouse + 2 children).

·         US$25,000: Each additional dependent

4. Enterprise Project Investment

Applicants may choose to invest at least US$3.5 million in a certified enterprise project and develop at least three jobs. Two applicants may portion an investment of US$6 million and generate six jobs to become eligible. Permitted enterprise projects must come under one of these groups: specialty restaurants, cruise ports and marinas, agro-processing plants, pharmaceutical products, ports, bridges, roads and highways, research institutions and facilities, or offshore universities.

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Created on Nov 29th 2018 01:40. Viewed 295 times.

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