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St. LuciaCitizenship By Investment

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Overview

Saint Lucia citizenship by investment program was introduced in 2015, allowing foreigners to obtain citizenship in exchange for an investment or a financial contribution to the country.

Investment Options

  • Contribution to the National Economic Fund (NEF)
  • Investment in a real estate project approved by the government
  • Investment in an Approved Enterprise Project
  • Zero-interest investment in Government bonds

Family Inclusion

Applicants can include spouses, siblings, and dependent children under 30 years of age, as well as dependent parents and grandparents over 55 years old in their CBI application. Citizens can ‘Add-On Dependents’ after finalizing the application at a later stage by making a non-refundable contribution to the NEF.

Eligibility Criteria

Main applicants must be at least 18 years old and meet the minimum qualifying investment requirement for any of the four investment options. All adult applicants are required to successfully undergo a due diligence review. Applicants are expected to openly and honestly disclose all relevant information related to the CBI application and to cover processing, due diligence, and administrative fees.

The Saint Lucia citizenship by investment program has been operational in compliance with the legislation of St Lucia and benefits from government guarantees. As a member of the Commonwealth, Saint Lucia is a politically stable nation that embraces a democratic framework influenced by the British parliamentary system.

St Lucia allows dual citizenship and applicants are not required to renounce their current citizenship(s). Saint Lucia enables individuals to experience the advantages and privileges of holding citizenships in multiple countries.

Benefits

Cost-Effectiveness

St Lucia offers one of the most budget-friendly CBI programs in the Caribbean, allowing a single applicant to obtain citizenship for just US$100,000.

Visa-free travel

St Lucia passport holders enjoy visa-free or visa on arrival access (plus ETAs) to 146 jurisdictions, including the EU & UK, Hong Kong, Singapore, etc.

Post Approval Investment

The qualified investment is to be made by applicants only subsequent to the conditional approval of their CBI application.

Simple Application Procedure

Application process is straightforward and can be accomplished in 3-6 months. There is no previous experience or language requirement.

Favorable Taxation

St Lucia does not impose personal income tax, wealth tax, gift tax, inheritance tax, or capital gains tax on its citizens.

No Residency Requirement

Applicants can apply immediately without any specific physical residency prerequisites. St Lucia’s passport can be obtained remotely.

Investment Options

National Economic Fund

To qualify for citizenship of St. Lucia through making a non-refundable contribution to the National Economic Fund:

Single applicant USD 100,000
Main applicant with spouse USD 140,000
Applicant, Spouse and up to two (2) other qualifying dependents USD 150,000
Any additional dependent of any age USD 25,000
Each qualified dependant in addition to a family of four (family includes a spouse) USD 15,000

Real Estate

To qualify for citizenship of St. Lucia, an applicant must make a one-time investment in an approved real estate project with a minimum value of US$ 200,000 and cover the following Administrative Fees:

Main applicant USD 30,000
Applicant applying with spouse USD 45,000
Each qualifying dependant (18yrs and older) USD 10,000
Each qualifying dependant (18yrs and under) USD 5,000
Applicant applying with spouse and more than four dependants USD 10,000
Real estate option is re-saleable after 5 years

Enterprise Project

Currently, there are no enterprise projects available for investment. However, the St Lucia Government is accepting investment proposals for the following sectors: specialized restaurants, cruise ports and marinas, agro-processing plants, pharmaceutical production, transport infrastructure, research and education.

Option 1

Applicant Alone USD 3,500,000 (minimum investment)
Non-refundable administration fee USD 50,000
Option 2
More than one applicant (joint venture)USD 6,000,000 (minimum investment)
Contribution by each applicantUSD 1,000,000
Non-refundable administration feeUSD 50,000

Under the both options the following Administrative Fees are applicable for dependents:

Each qualifying dependent (18 years of age and over) USD 35,000
Each qualifying dependent (under 18 years of age) USD 25,000

National Action Bond

The CBI applications for St Lucia can be initiated by investing in the National Action Government Bonds ("NAB"). These bonds do not accrue interest and are required to be registered in the applicant's name, staying under their ownership for a duration of five years starting from the initial issuance date.

Applicant applying with any number of dependents USD 300,000
An additional, non-refundable administration fee USD 50,000

Other Fees

Application Processing Fee

Main ApplicantUSD 2,000
Each qualifying dependentUSD 1,000

Due Diligence Fees

Main ApplicantUSD 8,000
Each qualifying dependentUSD 5,000

Application Process

Bayat Legal Services’ compliance team will conduct an internal due diligence check, which entails a background security screening of the applicant, Preparation of KYC (Know Your Client) and a qualification assessment.
Preparation of the tailored list of documents. The client signs a retainer agreement with Bayat Group. Gathering documents required for the application.
Applicants need to meet the eligibility criteria, including financial requirements and a clean background. After gathering all of required original documents and sending them to Bayat Group team, our citizenship experts will assess the file and make it ready for submission to St Lucia CBI Board. The Board will review the application and conduct due diligence checks. Applicants need to go through the mandatory interview, either in person or online.
After the application has been processed and a decision has been reached, the applicant will receive a letter informing them of the outcome. If the application is approved, applicants will be required to proceed with making the qualified investment, covering the associated fees for the investment option.
Upon completion of the required contribution or investment, applicants will receive a No Objection Certificate (NOC), which confirms the granting of citizenship in St Lucia. Subsequently, Bayat Group will proceed to apply for the passport on clients’ behalf.
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