Know about the attractive discounts in Saint Lucia Citizenship by Investment program
With COVID-19 spreading for a while, it has prompted CIP units to undergo changes in their program to attract more prospects, Saint Lucia has also come up with attractive discount offers to position itself competitive in the Caribbean marketplace. Let us have a look at the significant changes along with discount offers announced by their prime minister on 13th May 2020.
Bond option discount (validity till 31st December 2020)
- To qualify for Citizenship by Investment program, clients can opt for a non-interest bearing bond with five year holding period, termed as COVID-19 relief bond, for US $250,000 which is effectively half the price of conventional $500,000 bonds for a single applicant, the government has also reduced their administrative fee to US $30,000 down from $50,000, which is payable when citizenship is approved.
- If you want to add one dependent in your application form, you can opt for it with the same bond purchase amount of US $250,000 but with a holding period of 6 years.
- For adding applications with more than 4 dependents, an additional US $15,000 applies.
Changes in the National Economic Fund option
- For the addition of spouse in your application, the contribution amount is reduced from US $ 165,000 to US $140,000
- For the addition of spouse and two dependents under this option, the contribution amount is reduced by 21% to US $150,000.
- For the addition of any more dependents in the family of 4, you have to pay the additional US $15,000 per dependents, down from the previous US $25,000.
Addition of Newborn in Application
- The cost of adding a newborn has been reduced to US $500 (reduced by 98% from the previous US $25,000).
Know about Saint Lucia Citizenship by Investment program
To apply for Saint Lucia citizenship by Investment program, there is no requirement to travel to Saint Lucia citizenship by investment program. It offers you the opportunity to reside in one of the mesmerizing locations in the Caribbean.
- Visa-free travel to over 133 countries
- Citizenship starts with donation $100,000
- Time to citizenship 3 to 4 months
Perks of obtaining citizenship in Saint Lucia
- Mobility and visa-free or visa-on-arrival travel allowed to Hong Kong, Singapore, the UK, and the Schengen area.
- Dual Citizenship is allowed.
- Right to reside and work in the country.
- Inclusion of spouse, dependent children up to the age of 25, and dependent parents above the age of 65.
- No interview, education or management experience required.
- Physical residency or visitation not required.
- Travel to St. Lucia during the application process not required.
- No tax on worldwide income.
- No capital gains or inheritance tax.
Book a FREE consultation online with our team of experts to understand the desired program of your interest thoroughly.
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