About 3.5% of the world’s population is made up of immigrants, a recent study concluded, with 75% of them making up the working age group. The era of traveling overseas solely for leisure has given way to a new dispensation: people are now more interested in living, working and starting a new business in a new environment. This shifting dynamic has resulted in the rich mix of cultural diversity throughout the globe and also movement of skills and capital.
For many people, the Citizenship by Investment Programme is an excellent and fast way of gaining a second passport in a second country. With the right investment, one’s future can change for the better, as nearly 600 people who have invested in the Citizenship by Investment Programme offered in Saint Lucia have realized.
Essentially, a Citizenship by Investment Programme operates on a quid pro quo basis: an investor makes a substantial investment in a country’s economy for certain attractive benefits, including citizenship. In return, the host country uses those funds to finance central government’s operations. This win-win equation is an economic model now being embraced by countries and investors the world over.
In Saint Lucia, investors get to choose from five investment options, all of which entitle them to legal and other benefits since they acquire citizenship in Saint Lucia and a Saint Lucia passport.
However, before you do make a decision on which option to choose, we suggest that you consider the following factors.
1. Know the reason/s why you want a second citizenship: Think through carefully your reason/s for applying to the Citizenship by Investment Programme and what you hope to achieve. Whether you’re a businessman seeking better opportunities or just looking for a home away from your home, be sure that the Citizenship by Investment Programme is for you. To help you decide, here are the top five reasons for getting a Saint Lucia passport via the Citizenship by Investment Programme offered in Saint Lucia.
i. Reason #1 -- Dual citizenship: Dual citizenship is recognized in Saint Lucia, therefore Saint Lucian citizens do not lose their citizenship when they gain citizenship in another country.
ii. Reason #2 -- Ease of travel: A holder of a Saint Lucia passport enjoys ease of travel to 145 countries, including the European Union Shengen countries, Hong Kong, Singapore, Germany, France, Switzerland, Ireland, and the United Kingdom. (Economic Citizens of Saint Lucia (passport holders) still need a visa to travel to Canada and the United States.)
iii. Reason #3 -- Equal citizenship and rights: A holder of a Saint Lucia passport has similar citizenship and rights as native-born citizens of Saint Lucia, including the right to vote and the right to pass on citizenship to family members.
iv. Reason #4 -- No residency requirement: As an applicant, there is no need for residency or travel to Saint Lucia during the application process because there is a quick processing turnaround which usually last around within 3 months.
v. Reason #5 -- Favourable tax environment: Saint Lucia offers a favourable tax environment with no capital gains tax, relatively low income and corporate tax, no taxation on worldwide income (once resident for under 183 days), and no estate or inheritance tax.
2. Choose the investment option that suits you best: Of the five investments currently being offered in Saint Lucia, be sure to choose the one that’s right for you. Obviously, your choice might depend on the quantum of finances you’re able to invest. However, you need not worry, as the expert team at Mc Namara Citizenship Services Inc. can advise you along those lines.
3.Get your finances in order: Investing in another country often involves moving money out of the country in which you now reside. Consequently, your investment will likely attract some level of attention, especially in your potential host country. This is fairly understandable, as the authorities in your potential host country will need to ascertain that your funds are legitimate.
4. Do a comparative analysis: Compare the options being offered, listing them by the number of benefits being offered. Ensure that the benefits apply to not only you as investors, but also your family members who are also participating in the Citizenship by Investment Programme. If you need help deciding, our experienced representatives at Mc Namara Citizenship Services Inc. can help you make that crucial decision.
As a full-service advisory agency, McNamara Citizenship Services Inc., provides all the relevant services associated with your acquiring citizenship in Saint Lucia. We are an approved authorized agent under the Citizenship by Investment Programme offered in Saint Lucia, and we use our intimate knowledge of the Citizenship by Investment Programme to guide you through the process of obtaining your citizenship.
McNamara Citizenship Services Inc. is the largest law firm in Saint Lucia, and we take great pride in excellence and professionalism. We also keep you informed throughout the entire process -- from the initial application stage to you becoming a citizen of Saint Lucia.
At McNamara Citizenship Services Inc., we have witnessed firsthand the great satisfaction and positive feedback from clients whom we have represented successfully on their path to acquiring citizenship in Saint Lucia. We can do the same for you!
Whether you plan to participate in the Citizenship by Investment Programme in Saint Lucia via either the Government Bond Investment, National Economic Fund Investment, Real Estate Investment, Enterprise Investment, or COVID-19 Bond Relief option, we will assist you in making the process hassle-free and efficiently.
Contact us today at McNamara Citizenship Services Inc. and let us help you make it easier to travel, work and play across the globe. Now’s the best time to get your Saint Lucia passport and begin to enjoy the endless possibilities of its benefits. Make that smart investment by choosing Saint Lucia’s Citizenship by Investment Programme.