Article

ST. LUCIA CITIZENSHIP GOVERNMENT AUTHORIZED FIRM

Topic: InvestingPublished March 8, 2018

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OVERVIEWrnSaint 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 123 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. rnTimeline: 3 - 4 monthsrnNationalities supported: Open to all nationalitiesrnVisa free travel: Instant visa-free travel to 123 countries, including the Schengen countries, United Kingdom, Singapore and Hong KongrnInvestment type: Contribution to St. Lucia’s Government or Investment in St. Lucia’s Government Approved Projects.rnInvestment cost: Contribution to St. Lucia’s National Economic Fund (USD 100,000 for a single applicant) or Real Estate Option (USD 300,000) COSTSrnThe second citizenship and passport program of St. Lucia requires making an economic contribution to the country or an investment in a Government approved project. OPTION 1 - CONTRIBUTION TO ST. LUCIA NATIONAL ECONOMIC FUNDrnSaint 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: OPTION 2 - ST. LUCIA REAL ESTATE INVESTMENTrnTo 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. For a full breakdown of Government Fees, Due Diligence Fees and other payable applications fees for your specific case please contact us.

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