ST. LUCIA CITIZENSHIP
GOVERNMENT AUTHORIZED FIRM
ST. LUCIA CITIZENSHIP
GOVERNMENT AUTHORIZED FIRM
Saint Lucia Citizenship-by-Investment Program was established in 2015. The country offers one of the strongest passports within fast-track citizenship programs, giving investors visa-free access to 130 countries, included Schengen states.
You and your family will obtain an irrevocable dual citizenship and second passport without having to move away or renounce your current nationality.
Saint Lucia's Citizenship by Investment Program was launched following the passage of Act No. 14 of 2015, the Citizenship by Investment Act. The objective of the Act is to enable persons to acquire citizenship of Saint Lucia by registration following a qualifying investment in the country. The Government has announced several attractive amendments to its Citizenship by Investment Program which were made effective on January 1st, 2017.
Dual citizenship and second passport in 3-4 months
Instant and irrevocable second citizenship
No need to reside in St. Lucia
Dual Nationality Allowed
Open to all nationalities
Instant travel to 130 countries
St. Lucia second passport includes visa free travel to all Schengen States, the United Kingdom and most British Commonwealth member countries
Reputable second passport easy to obtain visas when required
The country ranks 77th in the ‘Doing Business Report’ by the World Bank, 8th overall in Latin America and 2nd in the Caribbean Region
Generous tax regime - no wealth, gift, inheritance, foreign income, or capital gains tax
No personal income tax
Generous incentive packages including corporate tax incentives, full exemption from import duties, tax relief benefits and export allowance
Spouse and children below 25 obtain a second passport
Dependent parents over the age of 65 can now be added
Right of descent for future generations
One of the most developed islands in the Caribbean with a safe and stable environment
Health care is provided throughout the country
The second citizenship and passport program of St. Lucia requires making an economic contribution to the country or an investment in a Government approved project.
Saint Lucia National Economic Fund is a special fund established under Section 33 of the Citizenship by Investment Act for the sole purpose of receiving qualifying investments of cash for funding government sponsored projects. A non-refundable contribution to the National Economic Fund (NEF) of a minimum of USD 100,000 . The financial contribution varies depending on the number of applicants:
|Contribution to National Economic Fund (Main Applicant)||USD 100,000|
|Main Applicant plus spouse||USD 165,000|
|Main Applicant plus spouse and 2 dependents||USD 190,000|
|Each additional qualifying dependent||USD 25,000|
To qualify for St. Lucia citizenship under the Real Estate option an applicant must invest in a Government approved project a minimum value of USD 300,000. Further Government application fees also apply.
|Government Approved Real Estate||USD 300,000|
|Main Applicant fee||USD 50,000|
|Qualifying dependant fee (18 years old and above)||USD 35,000|
|Qualifying dependant fee (under 18 years old)||USD 25,000|
For a full breakdown of Government Fees, Due Diligence Fees and other payable applications fees for your specific case please contact us.
Client signs CI Retainer Agreement and pays the retainer invoice
Once the file is ready for submission, the client pays Government Processing Fees, Due Diligence, Citizenship Application and Passport Fees. A deposit to secure their share is also paid to the Government Escrow account. The client pays the Submission invoice of CI Professional Fees.
Due Diligence results are ready and Citizenship approval is issued.
At this point, the applicable Financial Contribution is payable to the Ministry of Finance and Planning. In the case of real estate option, the remaining balance due on the property is paid to the Escrow account. The client pays the Approval invoice of CI Professional Fees.
Citizenship Certificates are issued and CI obtains the passports, which are then delivered to the client in their home country.
VISA-FREE TRAVEL TO 130 COUNTRIES
Antigua & Barbuda
St. Kitts & Nevis
St. Vincent & The Grenadines
Trinidad and Tobago
* Visa on arrival
The list of countries is subject to variations depending on each government's policy and so is access to these countries.
St. Lucia is a volcanic island located in the Caribbean in the Atlantic Ocean. The country falls between Martinique and St Vincent. St. Lucia ‘s total area is 620 square kilometers, it is home to a population over 180,000 St. Lucian citizen.
Although 95 percent of the country’s population speak Creole French, the official language in St. Lucia is English. The country is a member of the British Commonwealth and the United Nations and the legal system in Saint Lucia is well-respected and based on English law.
The citizenship by investment program of St. Lucia entails no capital gains or inheritance taxes in. Individuals who have invested in the country’s program will not be subjected to tax on worldwide income if they’re not residing in St. Lucia. The currency in St. Lucia is the Eastern Caribbean dollar (XCD) which is pegged to the U.S dollar.
The weather is relatively the same for most Caribbean Islands where St. Lucia enjoys a tropical climate for the most part of the year.
The export of bananas, beer, and petroleum oils is the main contributor to the country’s economy. However, tourism plays a key role attracting more foreign direct investment to the country, as well as contribute directly to the country GDP.
To know more about investing in St. Lucia’s second passport and dual citizenship program, please contact us or send a call back request and one of our specialists will contact you to discuss your needs.