Thursday, 29 August 2019

Citizenship programs in St. Lucia – Nothing less than you’re your home.

St. Lucia is known to have the freshest and doubtfully the well-defined citizenship by investment program in the Caribbean area. Vibrant, sensible and appealing, Saint Lucia offers all the tropical interests of the region while lasting high-class, authentic and engaging.


WHY SAINT LUCIA?

Saint Lucia has obviously gained years of experience from its Caribbean residents. By properly choosing only the proven practices, the Citizenship by Investment Board is devoted to making the program the most effectual for investors while providing great benefits for the nation and its people.
Saint Lucia classifies dual citizenship, which may be advantageous for business expansion, growth and tax relief. Other benefits include the following:

·         Faster processing within three months.

·         Attendance of dependent children under 25.

·         Inclusion of dependent parents above 65 who are currently living with the applicant.

·         Addition of mentally or physically challenged dependent children and/or parents.

·         No bodily residency requirements.

·         No need to travel to Saint Lucia during the application process.

·         No interview, education or managerial experience required.

·         Visa-free travel to more than 100 countries, including the Schengen Zone, the U.K. and Hong Kong.

·         No tax on universal income

Citizenship Programs in St. Lucia brought into action in 2015 under the guidelines of the Citizenship by Investment Bill 2015, making it the latest totaling to the CIP programs in the Caribbean region.
Saint Lucia has delightfully located its program for the global best by disclosing application numbers and increasing the general net worth requirement. To become eligible for citizenship in Saint Lucia, applicants must achieve one of the investments needs below in addition to the following criteria:

·         Has brilliant character.

·         Has no criminal record.

·         Enjoy good health

High value people may decide to make a monetary contribution to the NEF organization via one of the agreed contribution levels.

·         US$100,000: Single applicant.

·         US$165,000: Main applicant with spouse.

·         US$190,000: Family with up to 3 dependents (spouse + 2 children).

·         US$25,000: Each additional dependent.

2. Real Estate Investment

Applicants may choose to invest in property valued at a least of US$300,000 in a preapproved real estate development area. The property must be owned and maintained for at least five years. Property registration, processing charges and taxes must be satisfied in addition to the property attainment.

3. Government Bond Investment

After approval an applicant and associated family may choose to invest in Saint Lucia government bonds, which must be held for five years. The bond amount will vary depending on the size of the family.

·         US$500,000: Single applicant.

·         US$535,000: Main applicant and spouse.

·         US$550,000: Family of up to 3 dependents (spouse + 2 children).

·         US$25,000: Each additional dependent

4. Enterprise Project Investment

Applicants may decide to invest in a minimum of US$3.5 million in a certified enterprise project and develop a minimum of three jobs. Two applicants may portion an investment of US$6 million and generate six jobs to become eligible.Permitted enterprise projects must come under one of these groups: specialty restaurants, cruise ports and marinas, agro-processing plants, pharmaceutical harvests, ports, bonds, roads and highways, research firms and facilities, or offshore universities.

No comments:

Post a Comment