How Can A Foreigner Become A Citizen Of St. Lucia?
If you are an alien and want to become a citizen of St Lucia, you will have to give up your citizenship of any other country. You can do this in two different ways. First, you can invest in real estate and businesses. Second, you can buy government bonds. Read on how you can become a St. Lucia citizen. See over here about St.Lucia citizenship by investment program.
Investing in real estate:
The St Lucia citizenship by investment program allows foreigners to become island citizens. Applicants may include their spouse, children, parents, siblings, and dependents (up to 31). Once approved, the applicant may receive a St Lucia passport. The program is offered at affordable costs. After the applicant pays the administrative and final payment, they can begin enjoying the benefits of being a St Lucian.
Investing in real estate to become a citizen of St Lucia is an excellent way to acquire a new passport and become a citizen of a new country. St Lucia citizenship has several benefits, including the ability to travel visa-free to more than 140 countries, including the Schengen zone, the UK, Singapore, and the US. The country also does not impose any tax on income earned outside the country. In addition, St Lucia citizens can apply for a 10-year US visitor visa at any US consulate.
Investing in business:
Citizenship by investment is an efficient way of becoming a citizen of the Caribbean island. It helps people establish businesses or buy real estate in the country, as more than half of the budget comes from tourism. Additionally, the country is undertaking several large construction projects requiring foreign investment. Investing in these projects will enable you to become a citizen of St Lucia by buying shares in government-approved projects. This approach reduces the risks associated with business ventures and protects you from unscrupulous developers. However, you must be eligible for a minimum investment of $300,000. Also, you cannot sell the property you have bought in St Lucia for at least five years.
Investing in government bonds:
The regulations for becoming a citizen of St Lucia are governed at national and regional levels. At the national level, the government advises the Ministry of Home Affairs and the Ministry of Justice to draft proposed legislation and ensure compliance with international legal obligations. Regulations on investments are overseen by the Ministry of Finance and Invest Saint Lucia.