Citizenship by Investment Program ST LUCIA
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1 Citizenship by Investment Program ST LUCIA
2 Carriacou Mark Pathick John George Andrew David FAST FACTS Capital: Castries Government: Parliamentary Democracy under Constitutional Monarchy Currency: East Caribbean Dollar Area: 616 km² Official language: English
3 HELEN OF THE WEST INDIES The tug-of-war between the French and the British for St. Lucia which led to the Caribbean nation changing hands a record 14 times is testament to this island s spectacular beauty. St. Lucia offers a pristine landscape which appeals to both nature and adventure lovers, with its coastal charms and luxurious resorts and marinas making it the newest playground for the rich and famous. The soaring peaks of the Piton Mountains are one of St. Lucia s most striking attractions and a UNESCO World Heritage Site. Hewanorra International Airport was used as a US military airfield during World War II. Today it is well connected to the US, UK, Canada, Europe and other Caribbean islands. The Jacquot or St. Lucia parrot can only be found on the island and is a proud symbol of St Lucia s rich and unique bio-diversity. Infrastructure development, a stable political landscape and a well-educated workforce have attracted increased levels of foreign investment in recent years.
4 WHY ST. LUCIA? St. Lucia s Citizenship By Investment Program is the newest program to be launched in the Caribbean region. The program became operational in January 2016 and is regulated by the Citizenship by Investment Act No 14 passed in A speedy and straightforward application process. Visa free access to more than 125 countries including Hong Kong, the UK and the Schengen States. St. Lucia does not require you to renounce your current citizenship, allowing you to hold dual citizenship. No residency requirement before or during the application process or after granting citizenship. Applicants can process spouse and additional dependents (dependent children below 25 years and dependent parents/grandparents over 65 years) as part of a single application. The local currency, the Eastern Caribbean Dollar, is pegged to the US dollar, giving you freedom of movement and employment (for skilled nationals) and Duty Free trading within the 15 Caribbean nations and dependencies. St Lucia is a member of the United Nations and Commonwealth of Nations. No taxation on worldwide income.
5 ACCESS TO 63% OF THE WORLD The following countries offer visa free access or visa on arrival to citizens of St. Lucia* Andorra Antigua and Barbuda Argentina Armenia Austria Bahamas Bangladesh Barbados Belgium Belize Bolivia Botswana Bulgaria Cambodia Cape Verde Chile Colombia Comoros Costa Rica Cuba Croatia Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Estonia Fiji Finland France Gambia Greece Grenada Guatemala Guyana Haiti Honduras Hong Kong Hungary Iceland Iran Italy Jamaica Jordan Kenya Kiribati Laos Latvia Lesotho Liechtenstein Lithuania Luxembourg Madagascar Malawi Malaysia Maldives Malta Mauritania Mauritius Micronesia Monaco Mozambique Nepal Nicaragua Norway Palau Panama Peru Philippines Poland Romania Samoa San Marino Senegal Solomon Islands Somalia South Korea St. Kitts and Nevis Lucia St. Maarten Vincent and the Grenadines Singapore Spain Suriname Swaziland Sweden Switzerland Tanzania The Netherlands Timor Leste Togo Tonga Trinidad and Tobago Tunisia Tuvalu Uganda United Kingdom Vanuatu Vatican City Venezuela Zambia Zimbabwe * The above list is subject to change. Please contact relevant Government authorities prior to making any travel arrangements to the countries listed above.
6 QUALIFYING CRITERIA To qualify for citizenship, the primary applicant must meet all application requirements, including being of good character and sound health. INVESTMENT OPTIONS OPTION 1 National Economic Fund Contribution Main Applicant: USD 100,000 Main Applicant + Spouse: USD 165,000 Main Applicant + Spouse + 2 Children: USD 190,000 Additional Dependents: USD 25,000 per additional dependent OPTION 2 Real Estate Investment Property investment in a pre-approved project for a minimum of USD 300,000 plus Government Processing fees, Due Diligence fees, Property Registration, Taxes and Other OPTION 3 Government Bonds Approved applicants and accompanying family may invest in St. Lucia government bonds, whose amount varies based on the size of the family. The bonds must be held for 5 years. Main Applicant: USD 500,000 Main Applicant + Spouse: USD 535,000 Main Applicant + Spouse + 2 Children: USD 550,000 Additional Dependents: USD 25,000 per additional dependent OPTION 4 Enterprise Project Investment Single Investor: Minimum investment of USD 3.5 million and creation of at least 3 jobs. USD 6 million and creation of at least 6 jobs, with each person making a minimum investment of USD 1 million.
7 OTHER APPLICABLE FEES Non-Refundable Processing Fees Main Applicant: USD 2,000 Dependent above 16: USD 1,000 per dependent Government Administration Fees (Real Estate/ Enterprise) Main applicant: USD 50,000 Spouse: USD 35,000 Dependent child aged 18-25: USD 35,000 Dependent parent above 65: USD 35,000 Dependent below 18: USD 25,000 Due Diligence Fees Main applicant: USD 7,500 Dependent above 16: USD 5,000 per dependent Advisory Fees: Contact PassPro at fees will be fully refunded.
8 GET STARTED TODAY MONTH 1 Step 1: Prequalification of the applicant. Step 2: Preparation of required documentation. Step 3: Payment of due diligence and applicable fees or reservation of property investment MONTH 2-3 Step 4: Submission of Citizenship Application to the Citizenship Unit. Step 5: Application is vetted by the Government through a thorough due diligence background check. Step 6: Citizenship Approval is granted. MONTH 4-5 Step 7: Citizenship Investment is executed to the Government of St. Lucia or Real Estate Payment to the Developer. Step 8: Granting of Citizenship Certificate and Passport. MONTH 6 Step 9: Final relevant payments upon delivery of Passport. The above timeline is indicative of a typical application. Actual timelines may vary on an individual basis.
9 At PassPro we are privileged to change lives every day.
Citizenship by Investment Program ST LUCIA
Citizenship by Investment Program ST LUCIA Carriacou Mark Pathick John George Andrew David FAST FACTS Capital: Castries Government: Parliamentary Democracy under Constitutional Monarchy Currency: East
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MAXIMUM MONTHLY STIPEND RATES FOR FELLOWS AND SCHOLARS (IN U.S. DOLLARS FOR COST ESTIMATE) COUNTRY DSA(US$) MAX RES RATE MAX TRV RATE EFFECTIVE DATE OF % Afghanistan $135 $608 $911 1 March 1989 Albania
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MAXIMUM MONTHLY STIPEND RATES FOR FELLOWS AND SCHOLARS (IN U.S. DOLLARS FOR COST ESTIMATE) COUNTRY DSA(US$) MAX RES RATE MAX TRV RATE EFFECTIVE DATE OF % Afghanistan $135 $608 $911 1 March 1989 Albania
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