111Immigration - Saint Lucia

Saint Lucia

Saint Lucia holds the unique distinction of being the only sovereign nation to be named for a woman. It has a captivating coastline and makes for a great investment option given its warm beaches, hospitable people and modern facilities. The island is known for its inspiring treks and adventure spots.

Capital: Castries | Total Area: 616 sq. km. | Languages: English (official), French patois | Government Type: Parliamentary democracy (Parliament) under a constitutional monarchy and Commonwealth realm | Currency: East Caribbean dollars (XCD)

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 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.

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 55.

Processing possible without travelling to Saint Lucia.

Visa-free travel to more than 144 countries, including the UK and Schengen Zone.

Siblings of the main applicant below 18 years old 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.

What are investment options?

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 ownership/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 20,000.
Each qualifying dependent (under 18 years old) USD 10,000.

Enterprise 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 cost

Option 1 – Single applicant:

A minimum investment of USD 3,500,000.An additional, non-refundable administration fee of USD 50,000 will apply.

Option 2 – 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. An additional, non-refundable administration fee of USD 50,000 will apply.

Option 3 – Applicant alone with up to three other qualifying dependents:

USD 250,000 plus applicable administration fees

And

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

Application Alone: An additional, administration fee of USD 15,000
Applicant & Spouse USD 20,000.
Applicant applying with two dependents USD 25,000.
Applicant with three qualifying dependents - USD 30,000.
Additional Dependents (+3) - USD 10,000 Each.

National Action Bonds

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

National Action Bonds cost

Applicant applying with any number of dependents USD 300,000.
Each additional qualifying dependent USD 25,000.
An additional, non-refundable administration fee of USD 50,000 is applicable.

National Economic Fund (NEF)

A contribution to the NEF can be made by a high-net worth individuals, giving them a shot at citizenship in the country. The free 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 240,000.
Applicant with spouse USD 240,000.
Applicant with spouse and up to two other qualifying dependents USD 240,000.
Applicant alone with up to three other qualifying dependents 240,000.
Each additional qualifying dependent (Under 18 years of age) USD 10,000
Each additional qualifying dependent (Above 18 years of age) USD 20,000
Qualifying dependents of a citizen other than a spouse: USD 25,000.

Applicable Fees in all investment options:

Processing fee for the main applicant	USD 2,000
Processing fee for each qualifying dependent	USD 1,000
Due diligence fee for the main applicant	USD 8,000
Due diligence fee for qualifying dependents aged 16 years and above	USD 5,000
Interview fees	USD 500