Canada and St Lucia: 2 Commonwealth residencies available to investors
Do you find yourself dreaming of a move overseas? Well, a Commonwealth country could be a great destination either for you, your family...
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Saint Lucia
Overview
St. Lucia lies in the eastern Caribbean Sea, northwest of Barbados and south of Martinique. A volcanic island mostly covered in rainforest, it is famous for its twin peaks — the Pitons — and its magical beaches.
St. Lucia is a member of the Commonwealth and CARICOM and has excellent air links to Europe and North America.
The St. Lucia Citizenship by Investment Program provides investors with the opportunity to make a contribution to the government or an approved enterprise, or to invest in an attractive real estate development.
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Visa free or visa on arrival access to 146 countries
Citizenship within 3 - 6 months
Physical presence not required
No global income, dividends, wealth and inheritance tax
What makes Saint Lucia different ?
Visa-free travel to 140 countries
All of Europe, lots of Central and South America, as well as Hong Kong, Singapore, the UK, and Ireland are included.
Your citizenship is for life
Everyone who obtains a St. Lucia citizenship by investment will hold their St. Lucia passport for life. That means you will always have a place to live and work, no matter what happens.
No residency requirement
You don’t have to reside in Saint Lucia before, during, or after the application process.
Citizenship can be passed on to family members
You can obtain St. Lucia citizenship by investment for your spouse, dependent children (under 25), and parents (over 65) when applying for the St. Lucia citizenship by investment program, but each dependent comes at an additional price.
No need to come to apply
You can fill out all of your paperwork remotely and obtain your St. Lucia passport remotely too.
Moderate taxation
There are no inheritance taxes, no wealth taxes, no capital gains tax, no personal income tax rates for revenue derived from abroad either if you do not reside in St. Lucia.
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Investment options:
Non-refundable contribution:
• National Economic Fund National Economic Fund (NEF) was founded in 2015 to raise the funds through the citizenship by investment program. These funds are distributed within the state, to ensure and support the development of various sectors of St Lucia economy. • The amount of investment from $ 100K plus processing and Due Diligence fees. • The investment is paid upon approval.
Investment in real estate from $300K
• Government of Saint Lucia has approved a list of real-estate projects which investor can purchase for the purpose of obtaining citizenship. • Holding period - at least 5 years. • During the holding period the investor can earn a yield.
Investing into government bonds
• COVID-19 Relief Bond Citizenship of Saint Lucia can be also obtained by purchasing government bonds. In light of COVID-19, government of Saint Lucia made sweeping chan ges to this particular investment option that will be in effect till December 31, 2022. • Investment amount starting from $250,000 to $300,000. • Holding periods of five, six and seven years. • Non- interest bearing. • After the expiry of the holding period of the bonds the full amount of the bonds will be refunded.
St. Lucia lies in the eastern Caribbean Sea, is a member of the Commonwealth and CARICOM and has excellent air links to Europe and North America.
Digital nomads can indulge in island life while working remotely with a 12-month multiple entry visa. The Live It digital visa program costs $75 and has no minimum requirement.
Am I eligible to apply?
Every digital nomad can apply for this opportunity , this is one of the easiest because it is very cheap and you don't have to prove any income.
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Steps to follow
Step 1 - Choose Your Investment:
The first step in applying for the St. Lucia golden visa is choosing your investment. There are four investment options ranging from $100,000 to $3.5 million, depending on the option. Before beginning the application process, it’s important to review the investment options and consider which one is right for your finances and overall goals.
Step 2 - Contact of an authorized Local Agent:
Applicants must first contact an Authorized Local Agent. who is authorized to promote the programme and assist applicants. This agent will work in conjunction with our team.
Step 3 - Submit Application:
Before making your investment, you will submit your St. Lucia golden visa application. You’ll include a proposal of your investment and additional required documents. You may be asked to include the following documents: - Certified Copy of Birth Certificate. - Certified Copy of Name Change (if applicable). - Six passport photos. - Copy of passport. - Military records (if applicable). - Proof of residence. - Marriage certificate (if applicable). - Resume/CV (for anyone over 18 years old). - Criminal background check. - Professional reference letters. - Medical certificate. - Bank reference letter. - Records of custody (if applicable). - Academic degrees or certificates (for anyone over 18 years old). - Officials may request additional documentation. You must also submit the paid receipt for the due diligence and processing fees. The due diligence fees are $7,500 for the main applicant and $5,000 for each additional dependent. The processing fees are $2,000 for the main applicant and $1,000 for each additional dependent. Your authorized agent will submit your application and documents to the necessary authorities and organizations to review.
Step 4 - Make Your Investment:
After submitting your application, the CBI committee will complete their due diligence checks on anyone over 16 years old in your application. Once these are completed, you will receive an approval in principle. This means you will have 90 days to complete your proposed investment.
Step 5 - Obtain Passport:
The entire process can take four to six months. Once everything is complete, you will have your new citizenship and passport in your hand.
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FAQ
Do I have to pay taxes in St.Lucia?
There are no inheritance taxes, no wealth taxes, no capital gains tax, no personal income tax rates for revenue derived from abroad either if you do not reside in St. Lucia.
Can I pass my citizenship along to my children?
Yes, Saint Lucian citizenship is for forever and for future generations too.
Is Saint Lucia safe and stable?
Saint Lucia is one of the safest Caribbean islands and it’s both politically and economically stable.
How much is the processing time?
3 - 4 months.
What documents are required?
• A completed application form with a photograph. • A copy of your passport. • Documents that prove your income is legal. For example a employment contract. • Certificates of no criminal records. • Health insurance policy. • Payment documents confirming the payment of state duties and fees. • Documents confirming the fulfillment of the investment conditions stipulated in the application.
Is dual citizenship accepted in St. Lucia?
Yes, St. Lucia does allow dual citizenship.
With what currency must the residency programs be paid?
This program should be paid in dollars.
How strong is the St. Lucia visa?
Visa-free travel to 147 destinations including Europe’s Schengen Area, Hong Kong, Singapore, the UK, and many others.
Can I bring my family in this experience?
Yes, this visa allows you to bring a spouse, children under 31, siblings under 18, and parents aged 56 and over, as well as to add dependents after they have been granted citizenship.
Can citizenship be purchased with an investment in Real Estate?
Yes, there is a real estate option to get this citizenship.
The main applicant must go to St. Lucia?
No, You can fill out all of your paperwork remotely and obtain your St. Lucia passport remotely too.
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