Saint Lucia Citizenship: A Caribbean Dream Come True

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Saint Lucia Citizenship: A Caribbean Dream Come True

Saint Lucia, a marvelous Caribbean island, is renowned for its brilliant landscapes, exquisite beauty, and vibrant culture. In addition, its strong economy, connectivity to the rest of the world, and strong investment platform add to its charm. This is the reason why many people from all corners of the world want to come and reside in Saint Lucia and take benefits of its citizenship. Saint Lucia, on the other hand, is also ready to open its doors to foreigners in lieu of relevant investment.

This is where Saint Lucia’s Citizenship by Investment Program, or CIP, comes into the picture. This program was launched in 2016 and aims to reach a large number of qualified and interested investors.

However, for a beginner, it may be a little challenging to understand every minute detail of the program and avail of its benefits. However, one can always get information about this program from consulting firms out there who can help them walk through the process with precision.

One such reputed citizenship by the investment consulting firm is the Global Residence Index. You can get detailed information about Saint Lucia citizenship by investment program on their page here: Saint Lucia Citizenship by Investment: St Lucia Passport in 90 Days.

Overview of Saint Lucia Citizenship by Investment Program

Saint Lucia’s citizenship by investment program is among the five residency programs available in the Caribbean region. Investors can use four major investment routes for participating in the program. These are real estate investment routes, donations, business investments, and investments in government bonds.

The program asks for a minimum investment of $100,000 without needing a residence permit to be eligible.

The investors need to make a financial contribution of $100,000 to the National Economic Fund, $200,000 for investing in the real sector, and $300,000 for investing in government bonds.

Why Should You Go For Saint Lucas Citizenship by Investment Program

Now, the question is, with so many citizenship-by-investment programs available around the corner, why should you go for the Saint Lucas citizenship program? The answer lies in the benefits it offers.

Family-Friendly Program

Unlike other kinds of citizenship-by-investment programs, Saint Lucas offers a program that allows you to add your extended family and dependant under one application. This implies that you do not have to send separate applications and go through the procedures repeatedly for getting your family members added to the program.

Access To a 10-year US tourist Visa

Saint Lucas’s citizenship program can get you access to a 10-year B-1/B-2 tourist visa to the US. This implies that you can stay in the US for a period between 6 months and a year without any hassles. As a tourist, you can travel in the country, get access to the healthcare of the US, and attend business meetings and conferences.

Offers Plans for Diversification of Wealth

Investors who are seeking a backup for diversifying their wealth need to look into the Saint Luca citizenship program. The Caribbean island offers multiple investment options and an investor-favorable tax regime, which goes a long way in benefiting investors looking for ways to make the most of their investments.

Strong Passport Strength

Saint Lucas’s passport holds much strength across the world. A person possessing the Sait Lucas passport can travel visa-free or visa-on-arrival to about 140 nations worldwide. These countries include essential nations such as the UK, Hong Kong, Singapore, and the entire Schengen Area.

No Set Minimum Requirements

The best aspect of Saint Lucas’s citizenship by investment program is that the Government lays down no minimum requirements for eligibility. This implies that the investor is not required to stay for a minimum period of time, and the investor can easily come and go at their convenience.

Flexibility of Dual Citizenship

Since Sain Lucas identifies dual citizenship, the investors participating in the citizenship program can avail of the benefit of their home citizenship and Sain Lucas citizenship as well. This comes as a double advantage for investors who are part of the citizenship program.

Perfect Business Platform

Saint Lucas enjoys a strong economy and offers ample business opportunities for investors. People who wish to expand their business operations in a country that can provide them with a suitable infrastructure can come to Saint Lucas.

Also, since the Caribbean island has a low crime rate, it is eventually safe for foreign investors to establish their business here.

What is the Eligibility Criteria for Saint Lucas Citizenship by Investment Program?

Here are the eligibility criteria set by the Government of Saint Lucas for investors who want to participate in the citizenship program:

The investor needs to be more than 18 years of age;
The investor and his family members should have a clear criminal record;
The investor should make a financial contribution to the country’s economic growth.

Final Words

The citizenship by investment program offered by Saint Lucas is a perfect opportunity for people who wish to reside here and can make financial investments here. This citizenship program not only offers a safe haven to the investors in the form of a Caribbean island but also gives them a chance to expand their investment circle. The need remains to fulfill all the set requirements of the programs to be a perfect candidate for the same. Happy investment!

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.