SAINT LUCIA

CITIZENSHIP BY INVESTMENT

OVERVIEW

WHY SAINT LUCIA CITIZENSHIP BY INVESTMENT?
With a well-directed and clearly planned roadmap to transform as the best in the region, Saint Lucia Citizenship by Investment Program was created by the government towards the end of 2015 and dedicated an official website as the following: https://www.cipsaintlucia.com/. It has since triggered the growth of the local economy, creating opportunities and employment for St. Lucians. Tourism has grown to be the island’s top foreign exchange earner. The country is a hotbed for interested investors looking to expand businesses and gain tax reliefs. Highlights:

Quick processing time of 90 days or less.
No interview, education or managerial experience required.
No physical residency requirements.
No tax on worldwide income.
Provision to include dependent children under 30 and dependent parents above 65.
Processing possible without travelling to Saint Lucia.
Visa-free travel to more than 130 countries, including the UK and Schengen Zone.
Siblings of the main applicant below 18 years, and who has received the consent of his/her parent or guardian.
Children who are challenged physically or mentally and fully dependent on the main applicant can be included.

WHAT ARE THE QUALIFICATIONS?

Main applicant be at least 18 years old.
Genuine source of fund.
Reflect an outstanding character.
The applicant must have no criminal record and pass a detailed background check.
All applicants must be in good health.
Applicants should not have visa refusal.

THE INVESTMENT OPTIONS

1-REAL ESTATE INVESTMENT

Any property valued at a minimum of USD 300,000 in a pre-approved real estate development area can be purchased by the applicant to initiate the citizenship process. The minimum owning/maintenance period is 5 years.
Real Estate Investment Cost:
To qualify for citizenship of St. Lucia, an applicant must invest a minimum of USD 300,000 in an approved project.
AND
must contribute to the government based on numbers of applicants as the following:

Single applicant	USD 30,000.
Main applicant with spouse	USD 45,000.
Each qualifying dependent (18 years and above)	USD 10,000.
Each qualifying dependent (under 18 years old)	USD 5,000.

2-NATIONAL ECONOMIC FUND (NEF)

A contribution to the NEF can be made by a high-net worth individual, giving them a shot at citizenship in the country. The fee starts at a minimum of USD 100,000 and goes upwards depending on the type of application (single applicant, couple, family with 3 dependents etc).
National Economic Fund (NEF) Cost:

Single applicant	USD 100,000.
Applicant with spouse	USD 140,000.
Applicant with spouse and up to two other qualifying dependents	USD 150,000.
Each additional qualifying dependent, of any age	USD 25,000.
Each qualifying dependent in addition to a family of four (family includes a spouse)	USD 15,000.

3-ENTRPRISE PROJECTS

By investing a minimum of USD 3.5 million in an approved enterprise project that creates a minimum of 3 jobs, the applicant is eligible for citizenship. Two applicants can invest USD 6 million, thereby creating 6 jobs, to qualify. Investing in the following approved categories are considered for citizenship: ports, bridges, roads and highways, offshore universities, cruise ports and marinas, agro-processing plants, specialty restaurants, pharmaceutical products, research institutions and facilities etc.
Enterprise Projects Options:

Single applicant:

A minimum investment of USD 3,500,000.

More than one applicant (joint venture):

A minimum investment of USD 6,000,000 with each applicant contributing no less than USD 1,000,000

And

must contribute to the government based on numbers of applicants as the following:

Single applicant	USD 50,000.
Each qualifying dependent (18 years of age and over)	USD 35,000.
Each qualifying dependent (under 18 years of age)	USD 25,000.

4-GOVERNMENT BOND INESTMENT

Investing in Saint Lucia government bonds and holding it for 5 years makes the applicant and accompanying family eligible for citizenship.
Government Bond Investment Cost:

Single applicant USD 500,000.
Applicant and spouse USD 535,000.
Applicant, spouse and two others qualifying dependents USD 550,000.
Each additional qualifying dependent USD 25,000.

AND

must contribute to the government per application as the following:
Per bond application USD 50,000.

Applicable Fees in all investment options:

Processing fee for main applicant	USD 2,000.
Processing fee for each qualifying dependent	USD 1,000.
Due diligence fee for main applicant	USD 7,500.
Due diligence fee for qualifying dependent aged 16 years and above	USD 5,000.
Passport application fee per applicant	USD 300.
Due diligence fee for the person sponsoring the application and not included	USD 7,500.

COUNTRIES OFFER CBI

GRENADA

DOMINICA

SAINT LUCIA

ST.KITTS&NEVIS

ANTIGUA&BARBUDA

VANUATU

MONTENEGRO

MALTA