Lying in the Eastern Caribbean Sea, northwest of Barbados and south of Martinique, A volcanic island known for its twin peaks, St. Lucia is primarily covered with rainforest. - the Pitons, as well as the ultra magical beaches. The island country has been a member of the Commonwealth and CARICOM for several years now and has excellent air routes to Europe and North America.
A self-dependentCommonwealth country, having gained independence from the UK on 22 February 1979, St. Lucia’s history has been influenced by the native Carib people, Africans, the British, and the French, bringing in all the diversity that this country may be looking at.
It is one of the Windward Islands and more mountainous than a majority of the Caribbean islands that we often talk about, with the highest point being Mount Gimie at 950 m above sea level. Two other twin mountain peaks, the Pitons, form the island’s most famous landmark that attracts people.
Additionally, the natural beauty of the island makes it a rather popular tourist destination, with some major attractions including the rain forest, national parks, botanical gardens, a world heritage site, gorgeous Caribbean beaches, and even a drive-in volcano, – all of which form an equally important part of the island’s culture and heritage. The official language of St. Lucia is English. However, locals also speak French Creole.
St. Lucia is a member of the United Nations, CARICOM, OECS, and the Eastern Caribbean Currency Union. Its regional currency (Eastern Caribbean dollar, XCD) has been pegged to the US dollar at a rate of 2.70 since 1976.
Speaking in terms of foreign business and investment, the island nation attracts it all, especially in its international banking and tourism industries. The tourism industry is St. Lucia’s main source of employment, foreign exchange earnings, and income, accounting for about 65% of jobs and income and 65% of the GDP. The country’s manufacturing sector is the most diverse in the Eastern Caribbean area; crops such as bananas, mangos, and avocados are grown for export.
The St. Lucia Citizenship by Investment Program provides an opportunity to investors to make a great economic benefit to the country or an approved enterprise, or to invest in an attractive real estate development in exchange for the citizenship of the island country.
Under the Citizenship by Investment Program of St. Lucia the applicants are all The candidates and their families are awarded full citizenship in return for making a substantial economic impact to the country and through a rigorous application procedure and due diligence requirements.
The Citizenship by Investment Act No. 14 of 2015 governs the Investment Program, which offers individuals a fantastic opportunity to become citizens of this really magnificent island.
The Citizenship by Investment Act No. 14 of 2015 governs the St. Lucia Citizenship by Investment Program. The Saint Lucia National Economic Fund (NEF) was founded by section 33 of this act.
The NEF accepts donations from the program that meet the requirements for investments, and the monies are subsequently utilized by the government to carry out the island nation’s national development plan.
The primary applicants are asked to make a an important source of national income. In exchange of this investment made, and subject to a rather strict application process and due diligence checks, the applicants and their families are granted full citizenship. An applicant must be at least 18 years old, fulfill all application criteria, and choose one of the following investment alternatives in order to be eligible to apply for citizenship:
The following governmental administrative costs also apply to the first two choices:
$30,000 for the Main applicant
A $100,000 payment to the NEF that is not refundable (for a single applicant). The applicant may select one of the following four categories for their contribution:
Purchase of government bonds with no interest and a five-year holding period:
A. In accordance with Cap. 1.20’s regulation 12(1) of the Citizenship by Investment Regulations
B. According to the Covid-19 Relief Bond, which is only valid until December 31, 2022.
The qualified dependents must not be the subject of any active criminal investigations and must have a spotless personal history (other than in respect of a minor offense). The St. Lucia citizenship will not be awarded to anybody who is viewed as a possible security risk or who is currently engaged in or has ever engaged in any action that is relatively likely to bring discredit.
The Citizenship by Investment Board is in charge of supervising a specialized citizenship by investment unit (CIU), which evaluates citizenship applications and decides whether to grant, refuse, or postpone for good reason.
Before an application may be considered by the CIU, the necessary supporting papers must be included. The applicable non-refundable processing and due diligence costs for the principle applicant, their spouse, and each qualified dependent must be submitted with each application.
The main applicant must take complete responsibility of the required funds for the qualifying option within 90 calendar days after the notice of approval for their citizenship application. A ideal candidate must also swear or declare their loyalty in front of a notary public, notary royal, or attorney at law. In extreme situations as may be judged essential, the minister may order the revocation of a citizenship award.
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