St. Lucia, one of the newest CBI programs, has made great progress in the citizenship by investment market by offering a broad and discrete investment opportunity. The Caribbean region’s fastest-growing economies are emerging from the island state, which is also widely renowned for providing a wide range of business and investment opportunities for individuals wishing to diversify their holdings and plan their financial futures.
The island nation has received recognition for its cutting-edge infrastructure and for providing one of the most updated healthcare and education systems in the area, making it a popular second home for investors and their families.
Though it’s the youngest of citizenship programs in the Caribbean, investors are choosing St. Lucia over other CBI programs due to the multiple benefits it offers.
Let us understand what makes St. Lucia a lucrative citizenship by investment program for investors and high-net-worth individuals.
Investment Options for St. Lucia Citizenship
The very first thing that attracts investors to St. Lucia citizenship is its flexibility concerning investment options. The multiple options for investment make it easier for investors to apply for the citizenship program.
Investment options available to the applicants are:
- The National Economic Fund (NEF) was created solely for citizenship by investment program. This fund is used for government-sponsored projects on the island nation. For a single applicant, the contribution amount stands to be $100,000.
- The next investment option is real estate. Applicants of citizenship by investment program can choose to invest in government-approved real estate and make a minimum investment of $200,000. And once citizenship has been obtained, the property should be owned and kept up for a minimum of five years.
- Next is the option of investing in non-interest-bearing government bonds. These bonds must be registered and remain in the name of the applicant for a five-year holding period from the date of the first issue. The cost of the investment is US$300,000 for a single applicant.
- Another option is investing in a pre-approved company project either alone or with a partner. Under this option, you are also expected to create a minimum of 3 permanent employments worth USD 3.5 million. Each investor must contribute a minimum of USD 1 million to a combined investment for a total of USD 6 million and the creation of at least 6 permanent jobs.
Benefits of St. Lucia Citizenship by Investment Program
Getting citizenship by investment has several advantages, notably in St. Lucia as it draws FDI for the country’s progress of various initiatives like infrastructure development, real estate advancement, business expansion, and job innovation.
St. Lucia provides residents with all of the Caribbean’s tropical advantages, making it a haven for nature lovers, history fans, and anyone looking to unwind. St. Lucia is famous for its exacting standards and enviable advantages, making it among the coveted CBI programs in the entire globe.
The island nation has been successful in luring international business and investment, particularly in its offshore banking and tourism industries, with its manufacturing sector being the most diverse in the Eastern Caribbean region. This makes it a desirable alternative for individuals seeking to invest in a nation that is stable and successful. Its CBI program provides citizens with a range of financial benefits, consisting of:
- Global movement, visa-free and visa-on-arrival to over 140 countries
- The right to have two nationalities as St. Lucia allows dual citizenship
- Citizenship is granted for a lifetime with the ability to pass it on to future generations
- Multiple investment options to make the process easier
- Access to high-quality education
- Get the best medical and healthcare facility
- Numerous opportunities to expand business and access new investment options
- No tax on income, wealth, and inheritance; helping you manage your finances in a better way
In conclusion, St. Luca citizenship by investment is a great way of securing your as well as the future of your family members. The country serves as the ideal place to do business and gain benefits from its economic stability.
If you want to know how you can proceed with the St. Lucia citizenship by investment program, reach out to one of our experts at +971 4 512 4444 or visit https://aaa-international.com/