Castries, Jan. 25, 2023 (GLOBE NEWSWIRE) — Global change and constant developments in the global immigration market are driving the real benefits of various citizenship by investment (CBI) programs and making the right investment decisions. can be difficult to distinguish. .
As one of the newest CBI products on the market, St. Lucia has made great strides in offering alternative investment options in one of the Caribbean’s most developed and diverse economies. The island nation has emerged as one of the fastest growing economies in the Caribbean and the country offers a wide range of investments to those looking for options to plan their wealth and diversify their portfolios. and renowned for providing business opportunities.
A popular second home for investors and their families, the island is celebrated for offering advanced, modern infrastructure and one of the most modern education and healthcare systems in the region. I’m here.
Introducing National Action Bonds in 2023
The country’s CBI unit, with the approval of the CBI Board and Emeritus Deputy Prime Minister and Minister for Tourism, Investments, Creative Industries, Culture and Information, Ernest Hilaire, has introduced a new investment option to the CBI offering.
From January 1st of this year, there will be a new bond investment for investors to buy interest-free government bonds.
To participate in St. Lucia’s CBI program, applicants must choose one of four investment options. One of them is the National Action Bond (NAB), a new interest-free government bond available from January 1st. 2023.
Previously, the minimum investment amount for government bond investment options was US$500,000. In May 2020, a limited-term special COVID-19 relief bond option was introduced to allow governments to borrow funds for public use during the COVID19 pandemic. In the Special COVID-19 Relief Bond Option, the minimum investment was US$250,000. However, this investment option expired on December 31, 2022. To offer applicants a similar investment option, the government is now introducing a new interest-free government bond, the National Action Bond (NAB). The NAB option has a minimum investment of US$300,000 per application and a fixed government administrative fee of US$50,000, regardless of the number of eligible dependents involved. Also, the NAB must be held for a minimum of five years.
Other investment options
Other investment options available to applicants to the CBI program are:
The National Economic Fund (NEF) was established to receive eligible investments to finance government-sponsored projects on the island. An applicant can obtain citizenship by making a financial contribution to her NEF through one of the prescribed contribution levels. Donations start at her US$100,000 per applicant.
The minimum investment required has been updated for real estate options. The investment has been reduced by a third from $300,000 to $200,000. Applicants can obtain citizenship by purchasing government-approved real estate worth at least US$200,000. This property must be owned and maintained for a minimum of five years after citizenship is granted.
Applicants can obtain citizenship by investing singly or jointly in pre-approved corporate projects. Independent investment he should be worth US$3.5 million and create at least three permanent jobs. For co-investments, each investor must contribute at least $1 million. This will result in a co-investment worth $6 million and the creation of at least six full-time jobs.
Advantages of CBI
Obtaining citizenship through investment has many advantages. Especially in Saint Lucia because it attracts foreign direct investment (FDI) into the country which is used to advance various projects such as infrastructure development, real estate development, business expansion and employment. innovation.
A paradise for nature-seekers, history-lovers and relaxation-seekers, Saint Lucia offers its citizens the tropical bounty of the Caribbean. These benefits also include:
Right to dual citizenship
Lifetime citizenship, the right to live and work in the country
4 investment options
St. Lucia’s CBI program is renowned for its high standards and special benefits. His one of the most popular programs in the world. The program provides citizens with various financial incentives such as tax exemption, permanent residency and access to visa-free travel.
According to Moody’s Analytics, the island nation can attract foreign business and investment, especially in offshore banking and tourism, and its manufacturing sector is the most diverse in the Eastern Caribbean region. This makes it an attractive option for those looking to invest in a safe and prosperous country.
Is this CBI program right for you?
The following may be suitable for your program.
Individuals and business owners who are thinking of expanding overseas
Families Seeking Better Global Mobility
Professionals who want to broaden their horizons
Families who want their children to go to prestigious universities
CONTACT: PR Saint Lucia Saint Lucia +1 758 458 6050 firstname.lastname@example.org