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Requirements for Obtaining Saint Lucia Citizenship through Investment

January 07, 2025Tourism3265
Requirements for Obtaining Saint Lucia Citizenship through Investment

Requirements for Obtaining Saint Lucia Citizenship through Investment

The Saint Lucia Citizenship by Investment (CBI) Program offers a unique pathway for individuals to obtain citizenship within the Caribbean gem. This program has gained significant attention in recent years, with its streamlined process and transparent requirements.

Key Requirements and Options

General Requirements

Applicants must be at least 18 years old. All applicants must undergo a thorough due diligence process, including background checks. A non-refundable application and processing fee is required. Valid health insurance coverage is mandatory. Applicants must provide evidence of the source of their investment funds.

Investment Options

Real Estate Investment: A minimum investment of $200,000 in approved real estate projects. The property must be held for a minimum of 5 years. National Economic Fund Contribution: A contribution of $100,000 for a single applicant. Additional contributions are required for dependents. Business Investment: A minimum investment of $3.5 million in an approved business project. Alternatively, a joint investment of $1 million with at least two other investors, bringing the total to $3.5 million. Government Bonds: A minimum investment of $500,000 in government bonds, held for 5 years. Alternatively, an investment of $250,000 in government bonds, held for 7 years.

Dependents

Applicants may include dependents in their application, which may include: Spouses Children under 18 years Dependent children aged 18-30 who are enrolled in a recognized institution Dependent parents or grandparents over 55 years

Application Process

Choose an Authorized Agent: Applicants must work with a government-approved agent to submit their applications. Submit Application: Provide all necessary documents and pay the required fees. Due Diligence and Approval: Undergo the due diligence process once approved citizenship is granted.

Additional Notes

The program is subject to changes. It is advisable to consult with an authorized agent or legal expert for the most current information and guidance specific to individual circumstances.

Stay informed and verify the latest updates or changes to the program if you are considering applying.