The St. Lucia citizenship document provides exceptional opportunities for cosmopolitans. Not surprisingly, the number of foreigners wishing to take advantage of the citizenship scheme grows yearly. The government only launched such an algorithm in 2016, but already today, the region is popular and in demand.
St Lucia Citizenship by Investment Program
The future resident contributes to the economy and receives a document and many benefits. The St Lucia investment citizenship program allows foreigners to obtain a second passport on mutually beneficial terms. This category of law exists in many countries. Countries impose a different list of requirements for applicants and offer conditions and opportunities for implementation. Saint Lucia provides several options for naturalization
- A non-refundable contribution to the economic fund. For the candidate, this is an amount of $100,000. There will be an additional fee for each dependent on the application form. For example, the amount for a family with two children will be $150,000.
- Buying an apartment from 300 thousand dollars.
- Investing in bonds. The minimum amount is 500 thousand dollars.
This way, the cosmopolitan chooses an option that is acceptable to him.
Key benefits of St Lucia citizenship
In exchange for investment, foreigners receive international mobility and tax freedoms. The island is an alternate airfield in light of the unstable political situation. An expert from Immigrant Invest, Zlata Erlach, shared in detail what other St Lucia citizenship benefits await cosmopolitans.
Benefit 1: Visa-Free Travel
Business people and entrepreneurs seeking mobility may consider the island state an opportunity to establish international ties. After all, the permit makes it possible to travel to nearly hundred and fifty countries without additional paperwork for an extended time.
Benefit 2: Dual Citizenship
The program has no restrictions on dual citizenship. You do not need to relinquish your previous passport. You can build a future without losing touch with your home country.
Benefit 3: Business Opportunities
Saint lucia citizenship pros are also tangible in business terms. You can open accounts in the best European banks. It gives you the right to make foreign currency payments and keep your savings. Citizenship helps you expand and take your business to the next level.
Benefit 4: Quality of Life
The island is an attractive destination for wealthy foreigners, so the quality of life and standard here is high. Insurance in St Lucia provides an opportunity to obtain quality medical care. Children have the opportunity to get a decent education in European countries, and Great Britain offers preferential programs for citizens of the region.
Benefit 5: Tax Advantages
The region is known for its tax-friendly environment. The interest rate of deductions is low compared to many countries, and some taxes are completely absent. For example, on profits earned abroad, or inheritance.
Benefit 6: Citizenship by Investment Program
The procedure for obtaining it takes a few months. It is not necessary to visit the region. After you sign an agreement with a licensed agent, the paperwork process will not cause any problems. It is only required to collect a list of documents, choose the path of naturalization and invest the necessary amount of money. A specialist will take care of all the other issues.
Benefit 7: Cultural Heritage and Lifestyle
Advantages of St Lucia passport are more than financial or visa issues. The island’s calling card is the extraordinary landscapes, vibrant local culture, beautiful beaches, and many attractions. It is a great place not only for business but also for life. The pleasant climate will appeal to foreigners.
Conclusion
All you need to do to get citizenship of Saint Lucia is to meet some requirements. It is worth noting that compared to similar schemes, they are quite mild and standard. Adult foreigners without a criminal record and a legal and stable income can qualify for a second passport. Contact specialists for help with migration and improve your life today!
