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Saint Lucia

About Saint Lucia

CapitalCastries
Total Area617 km² 
Population 178,015 
Languages English, Patois 
Currency East Caribbean Dollars (XCD) 

St Lucia is an independent Commonwealth State, having gained independence from the UK on 22 February 1979, a day celebrated each year with a public holiday. The country is located in the Eastern Caribbean and has a beautiful mountain terrain, including Mount Gimie and the Pitons, which are the island’s most famous landmarks 

St. Lucia’s other attractions include national parks, botanical gardens, a UNESCO World Heritage Site, and a drive-in volcano. The country’s history has been influenced by the native Carib people as well as Africans, the British, and the French. Its official language is English; however, locals also speak French Creole.

Eligibility Criteria 

The Main Applicant must be: 

  • Be over the age of eighteen (18) 
  • Be of outstanding character and hold no criminal record 
  • Be in excellent health 
  • Have a high personal net worth

Dependents 

The dependents which can be included in the application are: 

  • Spouse of the Main Applicant 
  • A child of the Main Applicant or of the Spouse who is 21 years of age or below 
  • Dependent children of the Main Applicant or of the Spouse under 30 years of age who are currently fully supported by the Main Applicant. 
  • Dependent Parents of the Main Applicant or of his or her spouse who are over 55 years of age who are currently fully supported by the Main Applicant. 
  • A brother or a sister of the Main Applicant, who is unmarried, below the age of 18 and who has received the consent of his/her parent or guardian to be included in a citizenship application 

Eligibility Criteria 

The Main Applicant must be: 

  • Be over the age of eighteen (18) 
  • Be of outstanding character and hold no criminal record 
  • Be in excellent health 
  • Have a high personal net worth 

Notably, mentally or physically challenged dependent children and/or parents may be included in the application.

Process and Timeframe 

The application process shall be constituted of the following six (6) main steps, to be taken one after each other: 

  1. The initial due diligence shall be completed, and the Client Agreement shall be signed. 
  2. The documentation required for submission shall be prepared and the pre-approval letter shall be issued 
  3. Once it is ensured that all documents are in order, the citizenship application shall be submitted. 
  4. Saint Lucia’s Citizenship by Investment Unit (CIU) shall complete required due diligence and issue letter of approval in principle 
  5. For the fifth step, the chosen investment shall be engaged along with the settling of Government fees 
  6. Naturalization Certificate is issued and passports are granted soon after 

Investment Required 

One of the following four investment options must be chosen: 

  • Purchase of real estate with a minimum value of three hundred thousand United States dollars (USD 300,000) from a recognised real estate developer. The property bought must be held for a minimum period of five years. Additional costs may also be incurred depending on the real estate developer. 
  • Participation in pre-approved enterprise project with a minimum contribution of three and half million United States dollars (USD 3.5 million) and the creation of at least three permanent jobs. Alternatively, in the case of there being more than one applicant (a joint venture), the applicants may opt for a joint contribution of six million United States dollars (USD 6 million), with each applicant committing a minimum of one million United States dollars (USD 1 million) and the creation of no less than six permanent jobs. 
  • A non-refundable contribution to the National Economic Fund. The fee in this case shall differ depending the number of dependants included in the application. In the case of there being no dependents (solely the Main Applicant), the fee shall amount to one hundred thousand United States dollars (USD 100,000). 
  • Investment in non-interest-bearing government bonds, which must be held for five years. The minimum investment requirement for Main Applicant currently stands at two hundred and fifty thousand United States dollars (USD 250,000) – the said amount is applicable under a Limited Time Offer expiring on 31 December 2020 and may go back to five hundred thousand United States dollars (USD 500,000) after expiration of limited time offer. 

Benefits 

  • The beneficiaries of this citizenship by investment program shall be granted visa-free access or visa-on-arrival travel to 144 countries, including Europe’s Schengen Area, Hong Kong, Singapore, the United Kingdom (UK), and many others 
  • No physical residency or visitation requirements 
  • Attractive program and processing costs 
  • Offers citizenship by descent for future children 
  • Lowest capital outlay for a single applicant across all Caribbean programmes 
  • No tax on worldwide income.

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