{"id":36881,"date":"2021-06-10T17:45:01","date_gmt":"2021-06-10T13:45:01","guid":{"rendered":"https:\/\/www.savoryandpartners.com\/?p=36881"},"modified":"2021-06-10T17:50:46","modified_gmt":"2021-06-10T13:50:46","slug":"can-you-buy-citizenship-in-st-lucia-yes-heres-how","status":"publish","type":"post","link":"https:\/\/old.savoryandparnters.com\/blog\/can-you-buy-citizenship-in-st-lucia-yes-heres-how\/","title":{"rendered":"Can You Buy Citizenship in St. Lucia? – Yes, Here\u2019s How"},"content":{"rendered":"

Caribbean Citizenship by Investment (CBI) programs are some of the more popular routes to a second passport. The <\/span>island nation of St. Lucia<\/span><\/a>, in particular, has seen a steady influx of applicants to its program since its launch in December 2015.<\/span><\/p>\n

The CBI program\u2019s popularity among high-net-worth individuals all around the world is largely due to how affordable and efficient the application process is, as well as the advantages that come with holding a St. Lucia passport \u2013 including unrestricted global mobility.<\/span><\/p>\n

But the real question on everyone\u2019s mind is, \u201cHow do I become a citizen of St. Lucia?\u201d<\/span><\/p>\n

This article explores how you can buy citizenship through the <\/span>St. Lucia Citizenship by Investment program<\/span><\/a>.<\/span><\/p>\n

In This Article:<\/strong><\/em><\/h3>\n
    \n
  1. St. Lucia citizenship investment options<\/a><\/span><\/li>\n
  2. Steps to obtaining a St. Lucia passport<\/a><\/span><\/li>\n
  3. Benefits of St. Lucia citizenship and passport<\/a><\/span><\/li>\n
  4. Book a free consultation<\/a><\/span><\/li>\n<\/ol>\n

    St. Lucia Citizenship Investment Options<\/b><\/em><\/h3>\n

    One of the steps we will cover later in this article is the qualifying investment investors need to complete to be considered eligible for the program. Applicants are required to choose one of three options:\u00a0<\/span><\/p>\n

    1. Donation<\/b><\/h4>\n

    Investors can opt to make a minimum, one-time contribution of <\/span>USD 100,000 <\/b>to the country\u2019s National Economic Fund, a Government Escrow Account, which will be used to further develop Grenada\u2019s economy and infrastructure.<\/span><\/p>\n

    2. Real Estate<\/b><\/h4>\n

    Investors also have the option to invest in property that amounts to a minimum of <\/span>USD 300,000 <\/b>in government-approved real estate projects \u2013 including freehold property with title deed, hotel shares, fractional ownership or land \u2013 which must be held for 5 years.<\/span><\/p>\n

    \"Aerial

    St Lucia is a member of the British Commonwealth and the United Nations; its legal system is well-respected and based on English law.<\/p><\/div>\n

    3. Government Bonds<\/b><\/h4>\n

    The final option available is purchasing government bonds worth <\/span>USD 250,000 <\/b>\u2013 however, this is a discounted price that is only available until 31 December 2021. From January 2022, the investment amount will revert to USD 500,000. Government bonds must be held for at least 5 years.<\/span><\/p>\n

    Related Article: Getting a Second Citizenship From Grenada is Faster Than You Think<\/a><\/em><\/p>\n

    Please note: <\/i><\/b>The qualifying investment is not the only cost that will be charged to investors when applying to the CBI program. In addition to the investment, there are government processing fees, professional fees and <\/span><\/i>other costs associated with all options<\/span><\/i><\/a>. When using <\/span><\/i>Savory & Partners<\/span><\/i><\/a> as your trusted agent, you will be supplied with a fully itemised quotation with no hidden costs.\u00a0<\/span><\/i><\/p>\n

    The investor must know which investment route they want before opening the application. Once they\u2019ve made a choice, the application process can begin.\u00a0<\/span><\/p>\n

    Steps to Obtaining A St. Lucia Passport<\/b><\/em><\/h3>\n

    The entire application process <\/span>consists of a few simple steps<\/span><\/a> and can be processed and completed anywhere from as little as 4 to 6 months at the most. A breakdown of the timeframe is as follows:<\/span><\/p>\n

    Step 1: Pre-Approval<\/b><\/h4>\n

    When choosing Savory & Partners as your government-approved agent, we\u2019ll pre-screen a copy of your passport for pre-approval from the government of St. Lucia.\u00a0<\/span><\/p>\n

    At this point, a down payment of the professional fees is required to open your application, and you can expect a response in 24-48 hours.<\/span><\/p>\n

    Step 2: Prepare Documents<\/b><\/h4>\n

    Your authorised agent will aid you in collecting all the necessary documents, prepare all the paperwork during this time, and formally submit your application to the Citizenship by Investment Unit.<\/span><\/p>\n

    Step 3: Submitting Your Application\u00a0<\/b><\/h4>\n

    Your application will then be submitted together with the due diligence fees to the Citizenship by Investment Unit.<\/span><\/p>\n

    You Might Also Like: Greece Residency by Investment – A Simplified Timeline of the Program<\/a><\/em>\u00a0<\/span><\/p>\n

    If your chosen investment is the real estate option, you\u2019ll need to reserve a property at this time. Please note, that the real estate investment is fully refundable in the unlikely case your application does not get approved.<\/span><\/p>\n

    \"St

    St Lucia has a total area of 620 square kilometres (239 square miles) and is 43km long (27 miles) by 23km wide (14 miles).<\/p><\/div>\n

    Step 4: Waiting For Approval<\/b><\/h4>\n

    Once completed, the due diligence report will be issued to the government of St. Lucia. Based on the findings in the report, the government will make its decision on your citizenship application.\u00a0<\/span><\/p>\n

    Step 5: Payments<\/b><\/h4>\n

    When your application is approved, you will then be invited to pay the one-time contribution, government bonds amount or settle the balance of your real estate purchase.\u00a0<\/span><\/p>\n

    Step 6: Tying Up Loose Ends<\/b><\/h4>\n

    Before your citizenship certificate and passport are issued, you will need to pay the balance of the professional fees. Upon completion, both your citizenship certificate and passport will then be couriered to you.<\/span><\/p>\n

    Benefits Of St. Lucia Citizenship And Passport<\/b><\/em><\/h3>\n