St. Lucia Passport by Investment

ST.LUCIA

COUNTRY AND PROGRAM OVERVIEW ST.LUCIA

St. Lucia, an English-speaking mango-shaped volcanic island country located between the Caribbean Sea and the Atlantic Ocean, is one of the most naturally beautiful countries that attracts tourists with its perfect location for yachting, vibrant stable economy, ancient archeologic sites, diverse history, various sandy beaches, warm climate, and lush emerald rainforests. The Citizenship by Investment (CBI) Program was commenced in 2015 by the Government of St. Lucia and became the newest and one of the most cost-effective CBI programs for families. Applicants and their dependent family members are granted irrevocable citizenship and a powerful passport who will enjoy benefits of visa-free travel and holding a dual citizenship in exchange of making a significant economic contribution to St. Lucia.

Capital : Castries

Language :English

Population : 185,000

Currency : East Caribbean dollars (XCD)

ST. LUCIA CITIZENSHIP BY INVESTMENT OVERVIEW

PROCESSING TIME

• 3-4 months

VISA FREE COUNTRIES

• Visa free access to 146+ countries including the UK, Schengen area, Hong Kong, and Singapore

INVESTMENT TYPE

• Contribution to National Economic Fund (NEF)
• Investment in Government Bonds
• Purchase a government approved real estate
• Investment in an approved enterprise project

INVESTMENT AMOUNT

• Minimum contribution of USD 240,000 to the NEF
• Minimum bonds investment of USD 300,000
• Minimum real estate purchase of USD 300,000
• minimum investment of USD 3.5 million into a project

DEPENDENTS FAMILY

• Spouse, children under the age of 30, parents of main applicant or in-laws over the age of 55, and siblings under the age of 18

KEY BENEFITS

• Right to live, work and study in St. Lucia
• Dual citizenship acceptance
• Right to live in any other Caribbean countries (OECS)

ST. LUCIA CITIZENSHIP’S ADVANTAGES

KEY FACTS

Relatively fast application process and secure investment after approval.

No need of physical presence within/after the citizenship granting procedure.

No need for an interview, language, education, managerial or business experience.

Dual citizenship is allowed without informing the current country of origin.

Option to register a future spouse and newborn for citizenship at any time.

Offers various options for investment.

Affordable investment amount for the bigger families with more children.

GLOBAL MOBILITY

Visa-free access to 146+ countries including the UK, the Schengen area, Singapore, and Hong Kong.

As a member of the Commonwealth, the citizens of St. Lucia are entitled to some privileges in the UK and other members’ states.

The right to live, work and study in St. Lucia or in any other OECS countries at any time for any period.

Every-day direct flies from major cities of Europe and North America.

Reputable passport that eases the process of getting visas for Canada and US.

ASSET PROTECTION

Return on investment after five years in the real estate purchase option with rental opportunity income of 3-5%.

No individual taxes on all foreign income, capital gains, inheritance, dividends, wealth, or gifts.

A tax-efficient jurisdiction.

100% Duty-free on import or export and trading in the Caribbean.

Zero tax for non-residents holding St. Lucia citizenship.

INVESTMENT TYPE AND AMOUNT

Contribution to National Economic Fund (NEF)

^{Minimum USD}100,000

Non-refundable

Investment in Government Bonds

^{Minimum USD}300,000

five-year hold

Purchase the real estate

^{Minimum USD}200,000

five-year hold

Investment in an enterprise project

^{Minimum USD}3.5 million

Group investment of at least USD 6 million (minimum share of each applicant USD 1 million)
five-year hold

TIMELINE

MONTH 1

The first step is to get the pre-approval on applicant’s due diligence administered by MICS professional legal team after having MICS initial professional fee payment before paying the legal fees. Then, MICS will assist you to choose the best investment route based on your needs.

The MICS processing team will provide the applicant with a precise list of civil and financial documents required by the government. Once all documents are collected and the file is prepared, the government processing fees, due diligence fees and reservation fees (in the real estate option) plus MICS second professional fee will be due.

Upon complete application, the online submission will be done and the hard copy of the files must be couriered to MICS for submission to the CIU. At this stage the CIU will conduct its own internal Due Diligence process.

MONTH 2-3

The completed application will be evaluated for conformity with the St. Lucia CBI program and the result will be reported within 90 days.

If the result is positive, the applicant will be invited to make the investment either by making the donation to the National Economic Fund (NEF)

, Government bonds or by paying the remaining balance of purchasing the real estate project or the approved business.

The payment must be made within 90 days after approval.

MONTH 3-4

The Certificates of Naturalization will be issued for all family members in the file and the passport applications will be finalized.

Once the passports are issued within 10-15 days, they can be collected in the MICS head office, or they can be delivered to the applicants. This is when the last payment of MICS professional fee balance will be due.