St Lucia and Anguilla: Residency in the Caribbean offers more than simply relocating to paradise
Did you know that you can obtain residency all over the Caribbean through investment?
Well, in today’s post we’ll explore 2 of these countries offering residency by investment with the potential for great returns in the future for you, your family and perhaps even your business.
St Lucia is the perfect candidate to consider. It has to be said, the lack of exclusivity is part of what makes this program so appealing to people from across the globe. Yes, the investment is a large amount, we will cover this in more detail in a minute, however, in terms of people being allowed to apply, there are no nationality restrictions and comparatively few hurdles to jump over before obtaining citizenship in St Lucia.
This timeline spans roughly four months should everything run smoothly, allowing for you to not have to wait an extensive period between making your investment and receiving your passport. This is most definitely another upside to the scheme and makes it even more worthwhile considering relocation this year.
In terms of the investment itself, here are your options:
· Real estate of value US$300,000 or more
· Investment in enterprise project of US$3.5 million or more
· US$100,000 investment into a government fund
· Investment in COVID-19 relief bonds held for 5 years (available until 31/12/2021) US$250,000
Anguilla is a sort of multi-pathway to citizenship.
What is that? I hear you ask. Well, Anguilla, situated in the West Indies, is a British Overseas Territory, which means there are some interesting implications regarding the citizenship status you can obtain once you’ve been a resident there for a little while, but more on that later.
You’ve got three options for investment in Anguilla in order to receive residency there, all of which have different capital requirements, making the program accessible to many individuals, and therefore not limited to high-net worth investors as is the case in other parts of the world.
On screen you’ll be able to find an outline of each of the programs:
1. Capital development fund donation
US$150,000 non-refundable donation to government fund
+ US$50,000 per additional applicant who is above 3 years old
2. Real estate investment
US$750,000 investment in real estate for a family of up to 4 members
+ US$100,000 for any additional family member who is above 3 years old
3. Tax residency high-value resident program
US$75,000 paid per annum in tax to Anguilla government
+ US$400,000 investment in real estate
+ Be able to demonstrate your ties to the nation through a bank account for example
+ Prove you do not spend more than half of the year outside Anguilla
So, which program is for me?
In order to best compare both options, a good place to start is their benefits, as this is what often makes distinguishing them the easiest.
Firstly then, some of the benefits that are on offer to successful applicants to St Lucia include:
· Visa-free travel to 132 countries (UK and EU inclusive)
· No residency requirement
· No payment pre-approval
· Citizenship can be passed on to family members
· Reliable international aviation travel links
And on the other hand, now that you have your pathway to residency in Anguilla sorted, it’s time to find out what sort of benefits will be waiting for you once you touch down in your new home. You can find a list of them below:
· Dual citizenship is allowed
· Safe and secure country
· Perfect, tropical climate
· Residency obtainable in only 3 months
· Visa free access to 95 nations including the EU Schengen Area
Overall, while the climate and location of both are pretty much the same, the option for British citizenship in Anguilla is a distinguishing factor if this is something that interests you.
So, if you are interested in pursuing residency in either St Lucia or Anguilla, as well as other opportunities to develop your business, contact us today! Below this article, you will find a link to set up a free fifteen-minute consultation with us to discuss your options further.
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