St Lucia is one of those countries that launched a special program, allowing citizens from other countries to get a St Lucia passport by spending their own money. The main goal of the program is to boost the national economy by attracting funds. Since having a second passport gives a range of advantages, many people decided to opt for it.
It is possible to read step-by-step instructions on how to obtain St Lucia citizenship by investment here, as well as to get a professional consultation. But if you are interested in knowing the basics of the program, you should continue reading this article.
The Basic Info on the Investment Program Allowing Obtaining Saint Lucia Citizenship
There are different options you can choose from to apply for St Lucia citizenship. All of them require spending some money whether it is a donation or investments but the amount of money depends on the types of investment.
What Are the Requirements for Getting St Lucia Passport?
Apart from being able to invest enough money in the national economy of St Lucia, you also must match the following requirements:
- Be over 18 years of age;
- Have good health;
- Have no history of criminal records;
- Have a good character.
Why Opt for St Lucia Citizenship by Investment
- It takes just a few months to become a citizen of this country;
- You can take members of your family;
- You do not have to actually live in the country to become its citizen;
- You do not have to be physically present during the application procedure;
- There will be no tests or interviews to check your knowledge or experience;
- You will be able to travel to over 120 countries globally without any visa;
- You will have to pay no income taxes.
How to Get St Lucia Citizenship?
There are four options you can consider for obtaining St Lucia citizenship, including the following:
- Making a donation;
- Investing in business;
- Investing in a property;
- Investing in government bonds.
Let’s go through each of these options.
Making a donation
You will make a donation of $100,000, and your money will be used for the development of the local economy. It is a quick, effortless and easy way to get St Lucia passport for people who are not really interested in getting engaged in other projects. While you will make a non-refundable payment, this option requires the least money compared to the others.
Investing in business
If you are willing to spend at least $3.5 million for investment in a business, you should consider this option. Also, it is possible to invest only $1 million if you manage to find partners to run a business worth at least $6 million. There are several pre-approved categories to choose from, such as restaurants, the pharmaceutical field, educational programs, and others. While you will have to spend more money, it is possible to establish a profitable business bringing you a steady income.
Investing in property
Investing in real estate is one of the most popular options since it does not require spending millions and there is no need to have special skills. You just purchase a property approved by the government for the amount of at least $300,000. It is possible to sell it in five years if you wish. It is a relatively safe investment option that can also be pretty profitable.
Investing in government bonds
While you will not earn any profit, you will get your money back in five years. All you need to do is to invest at least $500,000 in government bonds.
Each option also requires paying additional fees for a single applicant and other persons included in the application. They depend on the type of investments and the number of people you want to take with you. For instance, if you choose to invest in a business, you will have to pay a processing fee of $2,000 and a $7,500 Due diligence fee.