50% Discount On St Lucia Passport To Expire In A Month And A Half
Saint Lucia is a small state in the Caribbean. The country operates an investment citizenship programme. Until 31 December, investors can get a St Lucia passport at a $250,000 discount.
We tell you why investors choose St Lucian citizenship and what to invest in to take advantage of the special offer.
Author •Zlata Erlach
Head of the Austrian office
50% Discount On St Lucia Passport To Expire In A Month And A Half
Investors obtain Saint Lucian citizenship to travel around the world without visas, keep their savings in European and Caribbean banks, and optimise taxation. The Saint Lucia passport is a sought-after travel document for cosmopolitans. With it you can freely travel to 146 countries, including the Schengen states, Great Britain, Singapore and Hong Kong. And the tourist visa to the USA is issued to citizens of Saint Lucia for 10 years at once. By comparison, Russians get it for a maximum of three years.
Yuri and Denis,
Portfolio fund founders
We like travelling around the world. But visas are a constant hassle. So we thought we’d solve the problem once and for all: get a second passport. We are professional brokers. And we are very familiar with the conditions of buying and selling securities. So for us buying Saint Lucian government bonds is the easiest and most profitable option. In addition, the government of Saint Lucia offered a 50% discount on the purchase of government bonds. They are interest-free, but the entire investment can be paid back in 5-7 years.
How much need to invest to obtain a passport for St Lucia
The Saint Lucia Citizenship Investment Programme has been in operation since 2015. The benefits of the passport, speed of application processing and favourable conditions for investors have made the programme one of the best in the region in 2021.
Citizenship of Saint Lucia is obtained by investments of $100,000 or more. Applicants have a choice of four options: a non-refundable contribution to a government fund, investment in a business, purchase of real estate or bonds.
Investment options under the St Lucian citizenship programme
Investments in bonds and real estate can be returned 5‑7 years after obtaining a passport.
Investors do not need to live in the country or pass a language test to obtain citizenship in Saint Lucia. And the procedure for obtaining a passport has been completely remote since spring 2020.
The programme is open to adult applicants without a criminal record. A spouse, children under 30, parents over 55 and minor siblings can apply for citizenship together with the investor.
How to get 50% off St Lucian citizenship
The special offer from the government of Saint Lucia does not apply to all citizenship programme options, but only to the purchase of government bonds.
In May 2020, the government of Saint Lucia issued interest-free bonds, Covid‑19 Relief Bonds. The investment from the purchase of the government bonds goes towards rebuilding the country’s economy after the crisis amid the coronavirus pandemic.
An investor can buy $250,000 worth of bonds instead of $500,000 as before — and get passports for the whole family.
Government bonds are a repayable investment. The investor holds the securities for 5 or 7 years, after which he or she has the right to redeem them. If you add family members to your application for citizenship, the amount of the minimum investment will not change. But the number of applicants depends on how long the bonds are held.
Option investment and tenure of government bonds
The government of Saint Lucia has also reduced the administrative fee on the bond option: the investor pays $25,000 instead of $50,000. If an investor buys securities worth $300,000 or more, the administrative fee will be $30,000.
The application processing fee of $2,000 for the main applicant and $1,000 for each family member was also waived. But these fees remained for other programme options.
Buying a bond before December 31, 2021 is the best deal in the St Lucia citizenship programme on refundable options. Let’s compare how much passports will cost for a family of four when buying bonds and real estate.
Costs to a family of four for citizenship in St Lucia
Immigrant Invest is a licensed agent of the St Lucian citizenship programme. If you wish to obtain a passport for this country, seek advice from experts in investment programmes.
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