How an investor could not get St Lucia citizenship

Alexander held citizenship of Austria, while his girlfriend Malica was a citizen of Morocco. The couple lived in Austria, and Malica had an Austrian residence permit.

On an Austrian passport, Alexander could enter 188 countries without visas, including the Schengen Area, the UK and Japan. To travel to the USA, Canada and Australia, Alexander got an online ETA, or an electronic travel authorisation. As a Moroccan passport holder, Malica had to obtain visas to visit these countries.

Alexander wanted to get a second passport for Malica, which would allow her to travel freely with him. Thus, Alexander turned to a firm that claimed it was an agent of citizenship by investment programs.

Looking ahead, we say that Alexander had to refuse the services of that company and turn to Immigrant Invest. Let us see why.

The company that Alexander initially turned to offered him to take part in the St Lucia citizenship program and include Malica in the application. They said if the couple would pay $5,000 more, they could participate without being officially married.

To check whether the contract and promises were legally feasible, Alexander turned to Immigrant Invest for consultation. Our lawyers analysed the contract, found out it did not comply with both Austrian and St Lucian citizenship legislation and concluded the contract was impossible to fulfil.

Alexander contacted Immigrant Invest on September 22nd, 2021 and found out that the contract could not be fulfilled due to two reasons:

1. Austria does not allow its citizens to have second citizenship of any other country. An exception can be made only for people who are granted citizenship for special merit. If the investor obtained a passport of St Lucia, he would have to renounce Austrian citizenship.

2. Under the terms of the St Lucia citizenship program, an investor can only include a spouse in the application if they are officially married. No exceptions apply.

Alexander realised he could lose time and money. If he accepted that offer, he would give money to fraudsters. He would also pay the fees under the citizenship program, but citizenship for Malica would get rejected, and he would risk losing citizenship of Austria.

Alexander decided to continue cooperation with Immigrant Invest, a licensed agent of the St Lucia CBI program. Our lawyers suggested another way out.

Alexander became Malica’s sponsor. She applied for citizenship as an investor and obtained a second passport which gave her the freedom of movement. The company Alexander initially turned to did not offer him the sponsorship option available for all citizenship programs.

Pavel Reshetnikov,

Consultant, Compliance Anti Money Laundering Officer, certified CAMS

Unfortunately, many companies on the investment migration market lack high-quality legal expertise and are unfamiliar with the provisions of international citizenship law. These companies also do not have government licences to work with citizenship by investment programs.

The main thing for such companies is to get a commission. They do not provide a personal approach and prepare a standard package of documents without taking into account the investor’s story. As a result, the government does not approve the application, and the investor wastes money and several months of his time in vain.

Before signing an agreement with a client and collecting documents for participation in the citizenship program, Immigrant Invest lawyers check the investor for reliability. If the investor has a sponsor, the reliability of both is checked.

Vladlena Baranova,

Head of Legal & AML Compliance Department, CAMS, IMCM

Preliminary Due Diligence is the standard first step for participation in citizenship programs. The check is carried out by our certified Compliance Anti Money Laundering Officer. We study the situation of each investor and thus reduce the risk of failure.

The check showed that Alexander and Malica could participate in any citizenship program for investors. Alexander earns his income as a top manager in an IT company, pays taxes on time, and has no criminal record and visa denials. Malica was financially dependent on Alexander.

After the check, Immigrant Invest lawyers offered Alexander citizenship programs that met his goals.

Alexander’s requirements for Malica’s second passport:

1. Visa-free entry to most European countries.

2. Entry to the USA without a visa or the opportunity to get a visitor visa under the simplified procedure.

3. The cost of obtaining a passport is up to $130,000.

Three citizenship programs of Caribbean countries suited Alexander’s goals and budget. The term for obtaining citizenship is 2 to 6 months.

Passports of these states allow travelling without visas to more than 140 countries, including the European Union and the Schengen Area. A 10-year US visa can be obtained within three weeks. To compare, Malica can visit only 64 countries visa-free on a Moroccan passport, and most of them are African.

After contacting the first company, Alexander reviewed information about St Lucia. The program of this country suited him, so he decided not to change his mind.

You can get a St Lucia passport for a non-refundable contribution of $100,000, for purchasing government bonds worth $300,000, or for buying real estate for $200,000. Alexander opted for a non-refundable contribution, keeping costs to a minimum.

1

September 22nd, 2021

Alexander turned to Immigrant Invest

2

+ 1 day

Preliminary Due Diligence

3

+ 3 weeks

Collecting documents, applying

4

+ 4 months

Main Due Diligence by the CBI Unit

5

February 14th, 2022

Approval of the application

6

+ 1 week

Transfer of investment

7

+ 4 weeks

Issuance and delivery of the passport

8

March 21st, 2022

Malica got a St Lucia passport

1

September 22nd, 2021

Alexander turned to Immigrant Invest

2

+ 1 day

Preliminary Due Diligence

3

+ 3 weeks

Collecting documents, applying

4

+ 4 months

Main Due Diligence by the CBI Unit

5

February 14th, 2022

Approval of the application

6

+ 1 week

Transfer of investment

7

+ 4 weeks

Issuance and delivery of the passport

8

March 21st, 2022

Malica got a St Lucia passport

1. Collecting documents and applying. Immigrant Invest lawyers prepared a package of required documents for Alexander and Malica within three weeks:

The lawyers handed the documents to the St Lucia CBI Unit. At this stage, Alexander paid a state fee of $2,000. The investor also paid for Due Diligence: $7,500 for Malica as the main applicant and another $7,500 for himself as a sponsor.

Vladlena Baranova,

Head of Legal & AML Compliance Department, CAMS, IMCM

Not only the main applicant but the sponsor are subject to the Due Diligence check. This way, the CBI Unit checks the legality of the sponsor’s investments for the applicant.

2. Getting approval. The lawyers got an email that stated Alexander got approval for participation in the citizenship program and forwarded the letter to Alexander. When investors get approval, they can and should transfer the money for investment.

3. Investing. Alexander transferred $101,050 from his account in the Austrian bank to Malica’s account opened for her in the same bank. Malica transferred the money to the CBI Unit account.

4. Receiving the passport. When the bank confirmed the investment, the St Lucia CBI Unit issued Malica a passport and a naturalisation certificate. On March 21st, 2022, Malica received the documents at a convenient address.

Malica got St Lucia citizenship within 6 months. Immigrant Invest lawyers calculated Alexander’s expenses under the St Lucia citizenship program as a sponsor.

$118,050 — Alexander’s expenses as a sponsor for participation in the St Lucia program for one person

• $100,000 — non-refundable contribution to the National Economic Fund of St Lucia

• $15,000 — Due Diligence check of the investor and the sponsor

• $2,000 — application processing fee

• $500 — passport fee

• $300 — bank charges

• $250 — courier fee

Alexander и Malica continues to live and work in Austria. In summer, they are planning a big trip.

Alexander,

A top manager in an IT

We want to visit at least three countries in the summer. I think we’ll manage to do it because now we don’t need to waste time on getting visas.

At first, the couple wants to visit Taiwan. Alexander and Malica are eager to get acquainted with the island’s nature, which is very different from European. In Taiwan, there is a huge number of rivers, fields of rice, sweet potatoes, sugarcane and pineapples and rare plants that you will not find anywhere else.

Singapore is the second destination of Alexander and Malica’s journey. Here, they are going to ride on Asia’s largest observation wheel, the Singapore Flyer, which offers excellent views of the city and even of distant Malaysian and Indonesian Islands.

Finally, the couple will fly to Barbados, where Malica will apply for a US visa as a St Lucian citizen.

Immigrant Invest is a licensed agent for government programs in the European Union and the Caribbean.