SAINT LUCIA CITIZENSHIP PROGRAM IN RESPONSE TO COVID-19

May 21, 2020by Chinwe Azikiwe0

 

Saint Lucia Citizenship by Investment Unit in response to the Covid-19, has made several deductions and created a new relief bond to accommodate investors during this very difficult time, making it one of the most sought after citizenship programs and one of the best Citizenship by Investment Program for 2020.

WHAT IS THE CITIZENSHIP BY INVESTMENT

Citizenship by Investment is a process in which wealthy people can obtain a second citizenship in exchange for an investment or donation extremely quickly. The demand for citizenship through investment and the need for second passports among HNW (High Net-Worth) families increases annually by 25 percent.

There are subtle differences between economic citizenship and investment citizenship, and it is important not to confuse one with another.  Golden visas are also often confused with citizenship. Golden visas do not offer passports and are not investment citizenship.

The citizenship by investment industry is expected to hit $10 billion annually by 2025.

ST. LUCIA CITIZENSHIP BY INVESTMENT

The Investment Citizenship Program of Saint Lucia was launched in December 2015 following the adoption of Act No. 14 of 2015, the Investment Citizenship Act of 24 August 2015.

  • No requirement to visit St. Lucia.
  • Very fast citizenship approval within 3 months processing time
  • Citizenship through property investment in St. Lucia real estate

SAINT LUCIA CITIZENSHIP BY INVESTMENT COVID-19 RELIEF BOND

Offer Valid Until 31 December 2020

          • Investment in Government Bond starts at $250,000.00 (a discount of 50%)
          • The Investment amount in the Bond is refunded in full at the end of the holding period
          • Processing Fees are waived
          • Holding Period is 5-7 years
          • Investment is to be made only after approval is granted
          • Administrative Fee is discounted by 40%

DONATION OPTION: NATIONAL ECONOMIC FUND

The Donation Option has normally been especially attractive to single applicants as the contribution amount is only $100,000.00. The changes have resulted in a reduction in the donation amounts payable by families and newborn babies as follows:

          • Main Applicant and Spouse: $140,000.00
          • Family of Four (4) Persons: $150,000.00
          • Newborn Child 12 months and younger: $500.00 (previously $10,000.00)
          • Donation is to be made only after approval is granted

REAL ESTATE OPTION

A waiver of Administrative Fees starting at $75,000.00 has been introduced for eligible applicants investing in real estate projects with embedded educational institutions.

Wincore Advisory Group will assist you in obtaining a St. Lucia Second Passport. Contact our Immigration Consultants for more information.

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Chinwe Azikiwe

Senior Business Advisor | E: c.azikiwe@wincoreadvisory.com | M: +971 (0) 50 630 0821

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