{"id":39418,"date":"2022-02-21T12:23:16","date_gmt":"2022-02-21T08:23:16","guid":{"rendered":"https:\/\/www.savoryandpartners.com\/?p=39418"},"modified":"2022-02-22T17:21:21","modified_gmt":"2022-02-22T13:21:21","slug":"st-lucia-citizenship-by-investment-the-ultimate-tool-for-empowering-employees","status":"publish","type":"post","link":"https:\/\/old.savoryandparnters.com\/blog\/st-lucia-citizenship-by-investment-the-ultimate-tool-for-empowering-employees\/","title":{"rendered":"St. Lucia Citizenship By Investment: The Ultimate Tool For Empowering Employees"},"content":{"rendered":"

Citizenship by investment (CBI)\u00a0 has historically been a venture pursued by the wealthy to elevate their living standards, mitigate uncertainty, or provide a better future for their children. St. Lucia’s new government bond option, however, has opened the door for corporations to join the fray.<\/span><\/p>\n

St. Lucia’s citizenship by investment unit (CBIU)<\/a> recently introduced the option to invest in government bonds to become a St. Lucian and a passport holder, and while the stream offers a multitude of options depending on family composition and holding periods, corporations should be only considered with one: investing 250,000 USD in bonds for a single applicant.<\/span><\/p>\n

This option states that the investment should be held for 5 years in order to maintain citizenship, a period that serves businesses well in the context of this piece, as we are going to delve into how employers can retain and reward their valued employees through St. Lucia\u2019s citizenship by investment program.<\/span><\/p>\n

Why Should Businesses Be Interested In The St. Lucia CBI?<\/b><\/em><\/h3>\n

Many corporations reward their long-serving, high-ranking, employees with a variety of bonuses, incentives, and gifts. Why shouldn’t a second citizenship<\/a> not rank among them?<\/span><\/p>\n

The duality of the benefit this option introduces is quite astonishing, as employees are rewarded with something that can enhance their lives in a multitude of ways, while corporations get to award their employees with a passport that eases travel and mobility, something that the business itself may require from the employee.<\/span><\/p>\n

You Might Also Like: What Entrepreneurs Should Consider When Investing in A Second Citizenship or Residency<\/em><\/a><\/p>\n

By rewarding the employee with citizenship they get their loyalty, and since the holding period of 5 years is in play, they ensure that particular employee is set to stay for that period; as if the company withdraws the investment the employee loses the citizenship. The ultimate gentlemen’s agreement.<\/span><\/p>\n

The company will also save money on issuing visas for that particular employee to high-functioning markets such as the EU and the United Kingdom<\/a>, as the St. Lucia passport holder can travel visa-free to those destinations<\/a>, as well as many others.<\/span><\/p>\n

Since the corporation would get its money back as soon as the holding period is over, this is a profitable venture, the only true monetary loss being the future value of money differential.<\/span><\/p>\n

Learn All You Need To Know About St. Lucia CBI Program By Watching This Video<\/strong><\/h4>\n