All You Need to Know about St Lucia Citizenship by Investment Program
St Lucia grants citizenship by investment to investors, high-net-worth individuals and families who contribute to the economic of the country, whether through donations to the government or an approved enterprise, the purchase of real estate, or the purchase of government bonds. The Saint Lucia citizenship by investment program is gaining popularity in Egypt, Iraq, the United Arab Emirates, and Qatar.
Many investors are looking to obtain a second passport from St Lucia Island to the enticing benefits of obtaining a dual citizenship, such as greater mobility and visa-free travel to more than one-hundred and forty-seven countries around the world.
St Lucia Island
Saint Lucia is an island country in the eastern Caribbean Sea, bordering the Atlantic Ocean. Mountains, jungles, beaches, and historic sites are brimming with history, beauty, and a sense of living poetry. Saint Lucia’s landscape is as varied as its history. Some parts of Saint Lucia are ideal for lively nightlife and beachside parties, while others provide possibilities to get away from it all and discover dense jungles and peaceful scenery.
St Lucia Citizenship by Investment Program
The Saint Lucia Citizenship by Investment Program, which was established in 2015, is the most recent program from the Caribbean, but it has one of the strongest passports among other citizenship programs. Applicants are granted St Lucia lifetime citizenship and second passport without having to live in the country, renounce their current nationality, or take a language proficiency test. The investment program allows the investor to include spouse, children, parents, and siblings to become citizens of St Lucia as well.
St Lucia Citizenship by Investment Benefits
There are numerous advantages to obtaining St Lucia citizenship. Listed below are the key benefits:
- There is no need to visit St Lucia before or after obtaining the dual citizenship and passport.
- St Lucia citizenship is obtained within four to six months.
- St Lucia passport entitles you to a visa-free or visa upon arrival travel to over 147 countries, including the Schengen area, UK, and most British Commonwealth countries.
- The investor can open tax-free bank accounts online.
- Applicants may include their spouse, children under the age of 30, siblings under the age of 18, and parents aged 55 and older, as well as dependents after receiving the citizenship.
- Zero taxes on global income, inheritance, capital gains, or wages.
Who Can Apply for a St Lucia Citizenship?
The St Lucian government allows most nationalities to obtain citizenship through investment program. Due to various political reasons in multiple countries, none of the companies were able to carry out due diligence or conduct the necessary background checks in the past. However, recently, the government of St Lucia reopened the citizenship by investment program for nationality holders of Iran, Syria, Sudan, Iraq, Yemen, and Lebanon.
Investment Options for St Lucia Citizenship
If you want to obtain a St Lucian passport, you have five investment options to choose from. However, each citizenship investment program provides the same benefit of obtaining a St Lucia citizenship. The investment options are:
COVID -19 Relief Bond (Limited time offer)
During the lockdown, St Lucia introduced a Covid-19 Relief Bond option that runs until December 31, 2022, allowing one to invest a minimum of USD 250,000 in a non-interest-bearing government bond held for five years to qualify for citizenship.
In response to the COVID-19 pandemic, the government of Saint Lucia has created a one-of-a-kind COVID-19 Relief Bond. The Relief Bond pays no interest to investors, and applicants must keep the bond for a minimum of five years up to seven years depending on the number of qualifying dependents. During October this year, the government of St Lucia announced that the Covid-19 Relief Bond option will only be available to investors until December 31, 2022. Therefore, interested applicants are advised to submit their applications with a government-approved marketing agent like Bluemina before that date, to ensure the Citizenship-by-Investment Unit (CIU) accepts the request.
The National Economic Fund
This is a type of special fund established by the St Lucian government to accept financial contributions from investors to fund government-approved projects starting at USD 100,000 for the single applicant.
Real Estate Investment
If you intend to obtain Saint Lucia citizenship through real-estate investment, you can do so by investing in pre-approved luxury hotels and resorts, or boutique properties, or specific projects recommended by the government. The minimum investment amount starts at USD 300,000 and the real estate should be maintained for a period of five years after receiving the citizenship.
Government Bonds
Also, You can also obtain citizenship in St Lucia by investing in government bonds starting at USD 500,000. The government bonds are registered in the name of the applicant and must remain so for a period of five years from the date of issue.
How to Qualify for The St Lucia Citizenship?
- The primary applicant to Saint Lucia citizenship must be at least 18 years old.
- The applicants must pass due diligence checks to be approved.
- Applicants must have no criminal history.
- Must demonstrate the source of the investment’s funds.
- Dependent children under 30 years old.
- Dependent parents over the age of 55.
- Unmarried dependent siblings of the main applicant under the age of 18.
Bluemina in Saint Lucia
At Bluemina, a licensed and approved agent from the St Lucia government, we help high-net worth and wealthy individuals obtain their St Lucia passport and second citizenship. If you would like to apply for Saint Lucia citizenship by investment program or any other Caribbean programs like Saint Kitts and Nevis, visit one of our regional offices located in KSA, Qatar, Jordan, UAE, Iraq, Egypt, Kurdistan, and Palestine, or fill in this form and one of our legal consultants will contact you.
