If you need citizenship from the island country of St. Lucia, then it is highly important to understand the basic FAQ regarding the process of application, eligibility, features, attributes, benefits and administrative processing. You may have several questions on this matter and getting clear answers for each of them is essential. It is actually easy to get a Saint Lucia citizenship, as reflected by the answers to these common FAQs.
How Long Does the Process Take?
You would be glad to know that it requires a time bracket of only 3 to 4 months to process your application for obtaining a new passport for St. Lucia. The administrative support is great, and you will have no issues to get the passport on time from the concerned authorities. There will be no delays in the processing.
What Investment Options are Available?
There are multiple alternatives that you can try to get a St. Lucia passport. From a broad perspective, there are 3 options for you as explained in the following points:
You must donate a total amount of US $100,000 to St Lucia’s National Economic Fund of the nation
You have an opportunity to have a sprawling business in the real estate sector of St. Lucia by investing an amount of $300,000
You also have the scope to invest an amount of US $500,000 to well-structured government bonds to get high returns in the future
What is the Scope for Property Investment?
There is ample scope to diversify your investment by putting your money in a number of different properties such as villas, luxury hotels, resorts, boutique hotels, etc. The tourism industry of St. Lucia is developed and regarded as extremely profitable for big investors.
What’s the Taxation Policy for New Citizens?
The taxation policy will amaze you with its string of benefits that will help you to become wealthier and achieve your investment goals in quick time. You don’t have to pay any tax on dividend earnings. Also, there is no wealth tax. If you have a foreign income, then in this case, too, there is no need for any tax to the government.
What are the Eligibility Criteria to Apply?
You simply need to meet two basic conditions in order to apply for the passport of St. Lucia. The first point is you need to be officially an adult, i.e. you should be 18 years or older. And you must not have a criminal record.