St Lucia
ABOUT ST.LUCIA
Saint Lucia is renowned for its white sandy beaches, crystalline waters and luscious rainforests and is known as the quintessential picture of Caribbean island idyll.
Those visiting the island are greeted by the unforgettable sight of the Piton Mountains, which are fringed by coral reefs, sandy shores and swaying palms as they rise majestically from the rolling surf.
Saint Lucia is a Commonwealth realm, Queen Elizabeth II is the Head of State although it officially gained independence from Britain in 1979. Its cultural heritage is considerably noticeable on the island having changed hands between Britain and France no fewer than 14 times.
Saint Lucia maintains friendly relations with the major powers active in the Caribbean, including the United States, the United Kingdom, Canada, and France. Saint Lucia has no extant international disputes.
It is a full and participating member of the Caribbean Community (CARICOM), Organisation of Eastern Caribbean States (OECS) and La Francophonie. Saint Lucia is a Commonwealth Realm.
QUICK FACTS
To find out more about the stunning island that is St Lucia check out this YouTube video guide
CITIZENSHIP BY INVESTMENT
Saint Lucia Citizenship-by-Investment Program was established in 2015 under the regulations of the Citizenship by Investment Bill 2015.
To qualify for citizenship in Saint Lucia, applicants need to fulfil one of the investment options outlined below:
REAL ESTATE OPTION
The purchased property must be a minimum US$ 300,000 in a pre-approved real estate development area. The property must be owned and maintained for a minimum of 5 years. Property registration, processing fees and taxes must be paid in addition to the property purchase.
NATIONAL DEVELOPMENT FUND OPTION
US$ 100,000: Single Applicant
US$ 140,000: Main Applicant with Spouse
US$ 150,000: Family with up to 3 dependents (Spouse + 2 children)
US$ 25,000: Per additional dependent.
Spouse and children below 18 years old can be included
GOVERNMENT BOND OPTION
The bonds are non-interest bearing, and must be registered for five-years.
The following minimum investment in Government Bonds is required:
Sole applicant: US$ 500,000
Applicant with spouse: US$ 535,000
Applicant with spouse and up to two other qualifying dependents: US$ 550,000
Each additional qualifying dependent, of any age: US$ 25,000
An additional, non-refundable administration fee of US$ 50,000 will apply
Additional Fees to Consider
Government Fees (Approved Real Estate or Enterprise Project)
Principle Applicant US$ 50,000
Qualifying Dependent above 18 Years Old US$ 35,000
Qualifying Dependent below 18 Years Old US$ 25,000
Due Diligence and Background Checks
Principal Applicant US$ 7,500
Qualifying Dependent below 16 Years Old US$ 5,000
Non-Refundable Processing Fees
Principle Applicant US$ 2,000 Each
Qualifying Dependent US$ 1,000
Add-on of qualifying dependents of a citizen:
Newborn child of a citizen (child of 12 months of age & below): US$500
Spouse of a citizen: US$35,000
Qualifying dependent of a citizen other than a spouse: US$25,000
INVESTMENT OPTIONS
BENEFITS
Saint Lucia recognizes dual citizenship, which can give an advantage on business expansion and tax relief among other benefits:
- Lowest investment cost of its kind
- Fast processing within 3 months with the inclusion of dependent children below 25 years of age
- Inclusion of dependent parents above 65 who are currently residing with the applicant
- Inclusion of mentally or physically challenged dependent children and/or parents
- No physical residency requirements
- No requirement to travel to St Lucia during the application process
- No interview, education or managerial experience required
- Visa-free travel to more than 140 countries including the Schengen States, UK and Hong Kong
- No inheritance tax or tax on worldwide income
- An economically legally and socially stable country which is part of the Commonwealth with democracy based on the British parliamentary system
- Lucia citizenship offers investors the opportunity to reside in one of the most beautiful and desired locations in the Caribbean, although there is no requirement to do so
PROCESS
Client signs the KCS retainer agreement and pays the initial 50% of the retainer fees (this varies on the size of the family application). Providing we believe you have a strong case we will provide you with the application documents along worth all the support and guidance in collecting the relevant documents for the process.
Choosing the real estate – we have real estate professionals who are able to guide you through the process of choosing the best project suited to your needs.
Once the file is ready we will obtain an initial approval.
Client is required to pay the remaining retainer fees along with the due diligence fees, If the real estate option is chosen, a down payment on the property will also be required to be transferred into the lawyers Escrow (normally 10% but can vary depending on developer).
The file is then sent to Saint Lucia for processing.
Upon completion of the background checks the Government of St Lucia will provide a letter of approval.
The average processing time from receipt of an application to notification of the outcome is three (3) months. Where, in exceptional cases, it is expected that the processing time will be longer than three (3) months, the authorised agent will be informed of the reason for the anticipated delay.
Once approval is granted the client will then be required to make the final payment of all remaining fees.
For the real estate option the remaining balance of the property purchase price is transferred into the Escrow Account or directly to the developer if property is fully built to complete on the property purchase and obtain the Citizenship Certificate.
Once the fees are received the Government will issue a certificate of registration of naturalization (CON), this CON will be used to apply to the home office the passport application.
Passport received and delivered.
Opportunity
Application
Success
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INQUIRE NOW
Apply For Free Consultation
For a free confidential consultation and information on the Citizenship by Investment program contact one of our advisers.