The investment program of St Lucia is associated with numerous benefits and is also versatile, convenient, and affordable. This country welcomes investors, does not require changing citizenship, and even stays on its territory. Thus, obtaining it is a strategic profitable decision.

Let’s delve into more details about the participation, rules, and associated costs of this initiative.

Overview of St Lucia Citizenship by Investment Program

Those who wish to get St Lucia citizen]ship by investment may select one from the next proposals:

• Funding of the national economy. It is a one-time payment that starts from $100,000 for a single person and increases a bit in the case of adding relatives.
• Buying the property of $200,000.
• Government bonds purchase for the sum of at least $300,000.
• Donating $3.5 million in a business project, which creates three job places.

Therefore, one can select the most suitable option to get a St Lucia passport by investment. The authorities do not increase the rates. On the contrary, some numbers have decreased lately to create competitive proposals.

Application Process for St Lucia Citizenship by Investment

One of the valuable points about this option is the fast-track process. It takes up to 4 months, which is the fastest timeframe compared to similar proposals.

The first step consists of preparation of the necessary files, such as:

• certificate of birthplace;
• passport;
• proof of residency;
• proof of a health condition;
• documents that prove the source of income.

Then, one should decide on the preferable option for the participation, and pay fees related to the processing.

There is a local responsible body for the registration of all these files and their consideration. They thoroughly check the eligibility, as well as criminal and personal background. According to the expert of Immigrant Invest Vladlena Baranova, the authorities require 45 days to make a decision.

Costs and Fees Associated with the St Lucia Investment Program

After the approval, the participant proceeds with the main sum. However, there are a few other necessary payments:

• The processing fee of $2,000 should be paid for a single person. If a family is under consideration, they pay $3,000.
• Due diligence comprises $7,500. If dependent persons are included, $5,000 should be paid for each older 16 years.
• Those who select property purchases or enterprises for investments should pay an additional $50,000 to the authorities.

Benefits of a St Lucia Second Passport

Let’s summarize the key distinguishing features of this option that attract participants:

• Diverse approach and low threshold. It’s beneficial to be able to select a program according to your abilities and ambitions, and the minimal option is one of the most affordable all over the world.
• Recognition of dual citizenship. If not prohibited by the state of origin, one can stay the holder of two passports and enjoy all the advantages of their combination.
• No need to stay on the island even for a few days. Of course, the holders of the passport wish to come but the authorities do not follow their stay and this does not influence the procedure.
• A friendly and stable environment that protects the funds and the investor and gives him a perfect chance to expand his horizons.
• Beneficial tax policies, which apply to locals, become available for the approved participants of this program at once.
• The ability to include more than a single person in one application. This increases the required sum but there are no restrictions for children and spouses, as well as for financial dependents of different ages.
• A visa-free travel to over 140 countries in various regions. One can also apply for a 10-year visa to the USA without the need to get an E-2 visa.
• The whole process takes up to 4 months, which is more than fast.

Last but not least we should mention the bountiful lifestyle on the island, its divine beauty accompanied by the proper level of healthcare and education. The local culture combines features of France, Great Britain, and Africa, creating a unique savory atmosphere. Thus, it’s worth coming here to discover more about the region and enjoy all the advantages related to it and the obtained status.

Comparison with Other Caribbean Citizenship Programs

This region is full of attractive proposals for those who have funds. The economies of the states grow and they are interested in those who can contribute to this process and enhance their development.

As Immigrant Invest specialists claim, St Lucia’s offers are more than competitive due to the low threshold and fast processing. For instance, Dominica does not provide an enterprise option and has higher additional payments for the relatives. In the case of Antigua, there is a need to stay on the island for at least 5 days during the first 5 years.

The differences are small but sometimes they can become crucial. In any case, these programs are as popular as Turkish and European but are more easily accessible. Therefore, it’s worth considering them and launching new projects in such a prosperous area.