Saint Lucia Citizenship by Investment – The Complete Guideline by Immigration Consultants

The Saint Lucia citizenship by investment program was established in 2015, allowing international investors and households to obtain a second passport in only 3 to 4 months using visa-free access to more than 132 countries globally. With various air connections and direct flights, Saint Lucia is well connected with Europe and different areas of this planet.

While Antigua and Barbuda will work better for many individuals such as bigger families, Saint Lucia provides one of the cheapest passports by investment in case you are the only applicant. It is a passport program that’s both commendable and among the most affordable ones also. And a recent discount because of COVID-19 has made it a much more appealing program.

What are the requirements for St Lucia citizenship?

• The main candidate’s minimum age must be 18 years old.
• Make the St Lucia citizenship costs for your preferred investment.
• Pass a diligence report together with their qualifying dependents over 18 years old.
• Provide frank and full disclosure on all matters of interest to the program.
• The main candidate has to prove that he/she has sufficient capital to make the necessary investment and must manifest that the legal source of these resources.
• The main candidate and his/her dependents must be clean in a criminal record and also not to be regarded as a potential threat to national security.
• The main candidate and his/her dependents don’t suffer infectious disease or severe health issues.
• Not to participate in any action likely to cause disrepute into Saint Lucia.
• The primary candidate shouldn’t have been refused a visa by a state, which has a visa-free travel agreement with Saint Lucia and also, all visa rejections have to be disclosed.

How to acquire a second passport from Saint Lucia?

The standard Application procedure takes 3 to 4 months. It might take more depending upon your circumstances.

First of all, speak to our CBI Caribbean immigration advisors, and they’ll evaluate your own personal conditions and help you in choosing investment options most appropriate for you, matching the essential criteria to guarantee a successful application.

A comprehensive checklist will be provided, and you will be guided throughout the required papers collection stage. Experienced citizenship consultants will accumulate and assess all of the papers for compliance and make sure all requirements are satisfied. The following additional records or documents might be required:

• Certified copy of passport.
• 5 to 7 passport-size photographs.
• Birth Certificate that is certified by your local authority.
• Provide certified evidence of name modification. (If applicable)
• A licensed copy of Army Records or exemption from army service. (if relevant)
• Provide your Signature and photo Certification.
• Proof of local household address
• Photocopy of national ID card that is certified by your state.
• Legal Marriage Certificate (if applicable)
• Curriculum vitae personal information.
• Professional reference letter not older than six months.
• Academic, professional, and medical clearance certificates.
• Recent and expired visas that are certified and original.
• Official transcripts of composed Verification in the recognized education center (dependents over 18).
• A licensed copy of custody or Legal guardianship documents
• Statutory announcement of a Non-accompanying parent (if appropriate)
• A licensed copy of a picture ID of all A non-accompanying parent bearing their signature (if appropriate)

After all of your original papers are gathered and delivered to us, citizenship experts will review your document and prepare it for final submission.

Your application will then be submitted to the Government of Saint Lucia through a licensed local representative, according to law.

Every application is vetted by the Government via an exhaustive due diligence background check during which submitted information is analyzed and verified. There’s presently no meeting requirement. 

Then the candidate application and other documents are reviewed by the Government. If the documents are okay for the authorities, then an advice letter in terms of candidate application is issued and forwarded to the applicant. 

Once your application has been accepted by Government, you’ll have to complete your investment.

Now an applicant has to invest in one of the following choices in order to fulfill the requirement of application for second citizenship by investment:

St Lucia citizenship by investment government bonds

Applicants may invest in non-interest-bearing government bonds to get a minimal value of $500,000 and also the payment of authorities, processing, and due diligence fees.  

Qualifying investment has to be enrolled in the candidate’s name and stay in a 5-year holding bond from the first issue date of investment. These bonds could bring in good interest for the entire duration of this bond.

St Lucia citizenship by investment real estate

An investor purchases a property or shares in an infrastructure project that’s been accepted by the local authorities or Government. These are big five-star resorts, hotels, complexes, and marinas. If the investor selects a resort, he might purchase a share, an apartment, a villa, and then their property, shares are managed by a local management association.

Under the real estate choice, the investment ought to be kept for the initial five years of citizenship. The worth of Caribbean real estate rises by 3-5 percent per year, so after five years that the investor will have the ability to recover the investment.

The investor can generate a rental income during ownership, being an equity participant within the task, or due to the fact owner of this apartment. 

Based on the global property guide, renting down properties in St Lucia earns 2 to 5 percent per annum. Travelers or tourists have also visited this country all year round and for this reason, every year rental and leasing price is consistently increasing day by day.

St Lucia citizenship by investment National Economic Fund

The Government of Saint Lucia created the National Economic Fund (NEF) under the Citizenship by Investment Act with the goal of getting foreign investment contributions and financing different government-sponsored projects.

How to apply for St Lucia dual citizenship online?

Confidentiality and trust are at the core of the CBI Caribbean team. We take your privacy seriously and stick by our Confidentiality Policy. Information will never be shared with anyone under any circumstances. You just have to fill correctly our web form, and one of our team members will be in touch with you within 24 hours. Now you can easily understand how to apply for St Lucia residency online.

Conclusion

Overall, Saint Lucia’s economic condition, affordable passport cost, and free access visa travel to more than 132 countries are enough incentives and reasons for choosing to obtain second citizenship among all countries.

source https://cbicaribbean.com/blog/2021/05/26/saint-lucia-citizenship-by-investment-the-complete-guideline-by-immigration-consultants/

Dominica: The Cheapest Citizenship by Investment (CBI) Program

Before discussing about Dominica CBI (citizenship by investment) and how to get Dominica citizenship, let us discuss about the country of Dominica. 

Dominica is an amusing, attractive, safe, and friendly country with a great island lifestyle. No doubt, it is considered one of the happiest places to live in. A growing ecotourism destination because of the rainforest, which is full of rare plants, animals, and birds. They also have underwater hot springs. 

Dominica gained independence from the UK in 1978. Based on English common law, they currently have a parliamentary democracy. The size of the country is almost the same as Singapore’s. The current population is about 75,000 who are actually living in the country. Most people are of African descent, but there is also an increasing number of White and Chinese inhabitants. 

Dominica is one of the most beautiful islands in the Caribbean. It is also known as the “Nature Island of the Caribbean.” This magnificent island is located between French overseas regions of Guadeloupe and Martinique. Dominica has many waterfalls, mountains waterfalls, and attractive ocean views.

The official language of Dominica is English. People also speak in French dialect and Creole.

What are the benefits of Dominica dual citizenship?

Dominica Economic Citizenship program was established in 1993. This program offers second citizenship and passport for individuals and families all around the world. There is no requirement of visiting the country or staying for a certain time. It only takes about four to six months to process the passport. Dominica has gained an excellent reputation internationally. Their passport allows visa-free or visa on arrival travel opportunity to more than 115 countries. These countries include UK, Switzerland, Singapore, European Union, Brazil, Russia, and Hong Kong. Dominica law has no restrictions on having dual nationality. Citizenship by investment will not require a person to renounce their existing citizenship. 

Dominica Economic Citizenship program was established in 1993. This program offers second citizenship and passport for individuals and families all around the world. There is no requirement of visiting the country or staying for a certain time. It only takes about four to six months to process the passport. Dominica has gained an excellent reputation internationally. Their passport allows visa-free or visa on arrival travel opportunity to more than 115 countries. These countries include UK, Switzerland, Singapore, European Union, Brazil, Russia, and Hong Kong. Dominica law has no restrictions on having dual nationality. Citizenship by investment will not require a person to renounce their existing citizenship. 

Dominica citizenship by investment has no requirement of physical residency. The program also doesn’t have any sort of language, corporate background, educational qualification requirements. Also, there is no interview to be mandatory for citizenship by investment. 

There is no system of taxes for non-residents and the crime rate of Dominica is extremely low. 

They also offer citizenship by investment program starting only at $100000 USD, which is the cheapest citizenship by investment program in the world.

What are the requirements for Dominica dual citizenship?

CBIU, also known for Dominica Citizenship by Investment Unit, is a government authority who sets up the requirements for the passport program. An applicant must fulfill all the Dominica immigration requirements in order to consider as eligible. One of the requirements is that the main applicant must be at least 18 years old.

To protect citizenship by investment program integrity, Dominica performs a due diligence process over every adult applicant. Those individuals will be granted permission to acquire the citizenship of Dominica, who has no criminal record, and derived the funds legally. The applicants must also be in good health and not suffering from any contagious diseases.

The applicants can also be eligible for citizenship by investment if they contribute a significant amount to a government fund or purchase a real state, which is approved by the government. 

How to apply for Dominica’s second passport by investment program?

If you want to apply for a Dominica passport, then the first step is to communicate with an authorized agent of the Caribbean economic citizenship program. You are not allowed directly to submit your application to the Dominica Citizenship by Investment Unit (CBIU). 

In this program, only the CBIU authorized agent has the permission to present new citizenship applications. The agent will walk you through the entire process from start to finish. The agent can also help you apply for Dominica citizenship by investment program online. The immigration professionals will take care of all the auxiliary documentation preparation and validation. 

The applicant must pay the agent’s professional service fees, Dominica government due to diligence fee, registration fee, and application fee. Government application fees are not for those who are contributing to the Economic Diversification Fund. The due diligent fee is required to perform the background check of all applicants. It will take 60-90 days to process the application, and there is no interview procedure. 

A CBIU letter of approval in principle will be issued to the applicant after all the procedures. Then the applicant has to invest either in the Government financial donation or in real estate. After the verification of the investment by CBIU and the approval by the Dominica Prime Minister, the applicant will be provided a certificate of Naturalization, and a Dominica passport will be issued in a week after.

What is the price of Dominica passport for Investment in the Government Fund?

For the purpose of increasing national development, social progress, and financial security, the Dominica Economic Diversification Fund (EDF) runs public and private projects. 

Public projects include the development of local hospitals, building sports stadium, constructing schools and improve offshore industry. Private sector includes development of information technology, agriculture and tourism. 

Dominica citizenship by investment cost on Government Fund is a non-refundable contribution to the Economic Diversification Fund.  

Individual Applicant – USD 100,000

Applicant with spouse – USD 150,000

Applicant, spouse and up to 2 Children – USD 175,000

Additional dependants include – USD 25,000 each

Eligible siblings from 18 and above – USD 50,000 each

Dominica Citizenship by Investment in Real Estate

In the last few years there has been an increase of foreign ownership of real estate in Dominica. Businessmen all around the world are investing in Dominica luxury resorts because of the increasing number of tourists visiting. 

Applicants must buy approved real estate in Dominica for a minimum of USD 200,000 and keep the ownership for at least three years. They can resell the property if they maintain ownership for 5 years. 

For applying Citizenship by Investment in Dominica under real estate category, there are some extra government application fees:

Individual applicant -USD 25,000

Family of up to 4 people – USD 35,000

Family up to 6 people – USD 50,000

Family up to 7 people – USD 70,000

Additional dependants – USD 25,000 each

Eligible siblings from 18 and above  – USD 50,000 each

Conclusion

Dominica is already home to a wide range of people with the economy developing and gaining prominence at international level. It is definitely a place you would. want to consider for your second citizenship.

CBICaribbean immigration experts and consultants are here to assist you with any of the citizenship by investment programs offered. For any enquiries, you can reach us via the contact form or the online chat box.

 

source https://cbicaribbean.com/blog/2021/05/10/dominica-the-cheapest-citizenship-by-investment-cbi-program/