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Sunday, July 21, 2024

Saint Lucia Breaks Records in Tourism Arrivals, highlights Tourism Minister

The island of Saint Lucia continues to break records in tourism arrivals and rivalling all the best records till date. Saint Lucia has witnessed a significant rise of 42% in arrival of visitors in the month of June, 2024.

Russian Missile Attacks in Southern Ukraine Kill Two

Russian attacks have claimed the lives of two people in the southern Kherson region on Friday, following a significant acknowledgment by Kyiv regarding the destruction of its positions on the left bank of the Dnipro River

Moscow Court Orders Shutdown of Iconic Grushinsky Music Festival

The court’s ruling comes after the festival’s organizers announced the cancellation of this year’s event, citing “possible risks… in the current circumstances.” The announcement was made on VKontakte, a Russian social media platform, where the organizers expressed their regret over the decision

Saint Lucia is recognized for allowing individuals to take their business overseas

FeaturedSaint Lucia is recognized for allowing individuals to take their business overseas

The small island of Saint Lucia, is situated on the outskirts of the eastern Caribbean Sea close to the Atlantic Ocean’s border, is a great place to call home. Not just up to its natural beauty and favourable temperature, the island-based nation is recognized for allowing individuals to take their businesses abroad.

The Citizenship by Investment (CIP) programme of Saint Lucia is considered one of the best among other nations that provide citizenship around the world, as it permits investors to acquire the citizenship of different nation by making investments in national development.

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The CIP directly contributes to developing a superior service, ensuring that applicants will investigate several opportunities.

The Saint Lucia Citizenship by Investment Programme has established a worldwide reputation because of its comprehensive background checks. The Saint Lucian government works closely with local and regional independent third-party companies to conduct the testing.

The procedure ensures that the program’s integrity is protected and that only trustworthy and ethical investors are given citizenship. The CIP for Saint Lucia has no secret agenda. Transparency of the program is therefore maintained. All applicants are welcome to apply, and the authority upholds transparency. In addition, it maintains open channels of contact with service providers.

The CIP of the country is recognized for its effectiveness. The authority follows strict standards for due diligence and is always looking to evaluate and improve. Each application is evaluated fairly and objectively by the Saint Lucia CIP. Every applicant may expect to get the same treatment and degree of expertise. It is significant to highlight that participants in Saint Lucia’s Citizenship by Investment Program will get various advantages.

Travelling throughout 70 percent of the world is the primary benefit of Saint Lucia’s alternative citizenship.

Other opportunities offered by the CIP Saint Lucia are:

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  1. The applicants can add additional dependants, including spouses, children, parents, and grandparents.
  2. Alternative citizenship provides a citizenship legacy, which means you may gift your second citizenship to the next generation.
  3. The citizenship will provide an opportunity to promote your business at the international level, which will help in wealth planning and portfolio diversification.
  4. You will be a global citizen.
  5. Alternative citizenship will make a peaceful, secure as well as safe place your second home.

 

Citizenship can be attained by the investor through “National Economic Fund Investment”. The investors can apply for alternative citizenship by financially contributing to government-sponsored projects. Once an application for citizenship by investment via the NEF route has been approved, the following minimum investment of USD 100,000 is made.

Minimum Investment: 

Applicants applying with their spouse must contribute a minimum of USD 140,000 and while other applicants applying with a spouse and up to two other qualifying dependants, the investment is USD 150,000.

Saint Lucia is recognized for allowing individuals to take their business overseas
Saint Lucia is recognized for allowing individuals to take their business overseas

The investment for each additional qualifying dependant of an applicant applying with a spouse and two other qualifying dependants is USD 15,000, and each additional qualifying dependent is USD 25,000.

 

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Additional Dependents 

The children, spouse and dependants can be added later within three (3) years of receiving approval by just paying only the passport fee-

Newborn child – USD 500

Spouse – USD 35,000

Dependent – USD 25,000

The Fund Option of the Citizenship by Investment Programme of Saint Lucia assisted the country in various developmental projects and has also contributed to various projects such as the construction of various buildings, bridges, roads as well as infrastructure.

Additionally, the fund option also majorly contributed to the redevelopment of the Hewanorra International Airport. The airport will provide easy access to main tourist attractions along the pristine Caribbean Sea on the western coastline, such as the Pitons – Saint Lucia’s UNESCO World Heritage Site, the historic town of Soufrière, the Soufriere Sulphur Springs, the Diamond Falls and Botanical Gardens, etc. which are all approximately 30km away, place them at an advantageous location.

The government used the funds as a source in times of catastrophe and to meet the challenges posed by climate change. For the first two years of the programmes, the funds were placed in the consolidated fund and helped in turning around a budget deficit.

 

How to apply for alternative citizenship?

The interested investors might apply for the alternative citizenship of Saint Lucia through the following steps:

 

  • Step 1 Application: Complete the application process.
  • Step 2 Submission: The investor has to submit the application by uploading it on the CIP portal.
  • Step 3 Due Diligence: The application will undergo strict background check procedure, and documents will be undertaken by the CIP staff and independent due-diligence firm.
  • Step 4 Decision: The application is presented to the Board for a decision, which decides the selection and rejection of the application.
  • Step 5 Certification: The certificates will be provided to the investors.

 

Saint Lucia: 

Saint Lucia is a beautiful small island in the Caribbean and is surrounded by the Caribbean Sea on the West Coast and the Atlantic Ocean on the East Coast. The exquisite small island nation is not any ordinary island as it is one of just two sovereign countries in the world to be named after a woman (Saint Lucia of Syracuse). 

The authentic Saint Lucia island is filled with various hidden gems, such as the majestic Piton Mountains, Marigot Bay, New Jerusalem Mineral Baths, and Piton Falls, among others. Saint Lucia is famous for its white and black sand beaches and lush rainforests.

The small Caribbean country is indeed a quintessential island paradise, which is home to mesmerizing and breathtaking beauty. The island’s landscape, people, customs, and cuisine intertwine to provide the perfect setting for the vacation of a lifetime. There is no shortage of fun and exciting activities. The nation is known for happening parties. 

Events in Saint Lucia range from weekly street jump-ups and fish fries to rich cultural celebrations and vibrant music festivals. An individual can experience incredible traditions and learn about local heritage, all while having the time of your life.

 

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