St Lucia Second Passport by Investment: Program Overview
A backup plan is a good idea to consider. The good news is that you can already prepare for possible immigration. All you need to do is look at the well-known programs for directing investments into the sectors of the country you see as your “back-up” home.
Investment options differ, and detailed conditions are collected in a convenient format. Those who want to know details about St Lucia citizenship by investment will not find it difficult. The following paragraphs of the article present detailed information about the attractions of economic migration and the opportunities offered.
Overview of St Lucia Second Passport Program
The Caribbean government’s offer of St Lucia has generated a lot of attention from wealthy investors. Due to the stable demand for the program, it is possible to conclude its profitability. The feedback from entrepreneurs and experts, including Immigrant Invest specialist Vladlena Baranova, shows that the option is particularly attractive for:
- single investors who do not have a family;
- couples looking for a paradise to live together;
- entrepreneurs who are preparing a plan B.
It is worth studying the basic requirements to become interested in obtaining a St Lucia second passport. Applicants for dual citizenship make a contribution to the domestic economy sector and exchange it for an accelerated procedure. Participants receive the relevant documents within 3 months.
Benefits of St Lucia Second Passport
The program has earned its reputation as a popular and simple program due to its numerous benefits. First, personal presence is not required for the application. It is enough to prepare documents and submit them to the consulate using a trusted person.
Secondly, St Lucia CBI program does not limit investors in options. The government offers to give preference to the most suitable option. The list includes:
- non-refundable contributions of $100,000 or more;
- shares or full ownership of real estate from 200 thousand;
- interest-free government bonds in the amount of 300 thousand or more.
The proposed naturalization methods are worth using because the applicant and dependent family members receive new opportunities and residency. The added members are exempted from the investment and government program costs.
You can evaluate the attractiveness of the following offers on your own:
- simplified tax payment system;
- minimum period of passport ownership is 5 years;
- citizenship can be transferred by inheritance;
- dependents have access to all these benefits.
Participation in public projects and the period of repayment are interrelated. It does not apply if the immigrant buys real estate. He will receive the profit after reselling the property. The bondholders will get their money back after 5 years.
In addition to the privileges received with St Lucia passport by investment, it is worth recalling the living conditions. The country of eternal summer pleases with developed infrastructure, stable economy and availability of education. Medical services are highly appreciated and should not be ignored.
Application Process and Requirements
The requirement to use your capital for investment is not the only one. Accredited agents familiar with the complete list of conditions can help you apply. Also, potential participants of the economic citizenship program need to prepare documents confirming the following:
- legitimate ways to accumulate wealth;
- absence of criminal dealings now and in the past;
- availability of means of subsistence;
- family ties with the added applicants (dependents).
Having fulfilled the listed conditions, it is possible to proceed to the next stage – the selection of ways to get St Lucia passport. The full list is available upon request of the applicant or his authorized representative. After completing the preliminary check, the investor purchases real estate and makes other contributions.
In addition to investment in the economy, it is worth remembering the additional costs. The main applicant pays fees for application processing, data verification, paperwork, and a second passport. In addition, fees are required for added applicants, who are exempted from the requirements in this case.
This way, the application processing procedure includes document submissions, pre-approval, and investment. The processing term does not exceed 4 months, which makes St Lucia citizenship by investment stand out among other offers.
You can renew your passport after 5 years of residence at any consulate. In this case, payment of fees is required, and contributions to the economy are no longer mandatory. The application does not take long to process. The program looks more profitable since there is no requirement for a permanent (regular) stay in the country. The best solution in the process of preparing documents is to seek help from specialists. Experienced employees know all the subtleties and nuances.
