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Benefiting from Dual Citizenship with St Lucia

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The investment program provided by Saint Lucia (CBI) allows applicants to obtain a second passport relatively quickly and painlessly. There are different investment options available. In essence, the candidates can buy citizenship to access all the related benefits. In particular, the holders of the passport by investment can enjoy traveling to visa-free countries. Brief yet useful information on that is provided in this article.

Does St Lucia Allow Dual Citizenship?

The country allows for dual citizenship, which means that applicants do not need to lose their current citizenship. It is very convenient since holders can enjoy the rights provided by both countries. The program is available for wealthy people who can afford to make a solid investment. Its minimum amount is $100,000. As the specialists of the Immigrant Invest company say, the application procedure can take up to four months.

Main Requirements

There is a range of requirements applied to those who opt for the Saint Lucia dual citizenship. The primary conditions to check out are those related to investment. Candidates can pick from several options, such as:

  • Contribution to the economic fund
  • Purchasing property
  • Investing in government bonds
  • Investing in a business project

Each of them comes with its own requirements, such as the amount. Citizenship by donation costs less than other options. While this type allows obtaining the Saint Lucia dual citizenship, the investor will get no return on investment – https://immigrantinvest.com/saint-lucia-citizenship-by-investment-en/

Therefore, if an applicant wants to possess the funds, one needs to pick other options, such as purchasing property or setting up a business. It is also essential to mind all the associated costs, such as fees.

The Core Benefits of the Citizenship by Investment Program

While the citizenship by investment requires spending a large amount of money, it does provide a good range of benefits, including the following:

  • Traveling to more than 140 countries without additional permissions, such as Singapore, Hong Kong, the UK, and others (the full list – https://immigrantinvest.com/blog/countries-without-st-lucia-en/).
  • The opportunity to include children and other dependent relatives in the application.
  • Reasonable requirements.
  • No need to lose your original citizenship.
  • Quick application procedure.
  • No need to be physically presented in the country during the application procedure.
  • The absence of taxes on the worldwide income.

Other Requirements Applied to the Citizenship Program

There are also other requirements that must be fulfilled to be approved for economic citizenship. In particular, they include the following:

  • Being of an outstanding character.
  • Having no criminal charges.
  • Having good health.

To make sure that a candidate can apply for the program, it is recommended to consult professionals.

Conclusion

Getting a passport of St. Lucia provides a vast range of benefits. It may be a good option for individuals and their families as well as businessmen. The application process does not take much time, and if the application has been fulfilled correctly and all the essential documents have been provided, one will obtain a passport without any problems. However, it is recommended to opt for professional help to ensure the easiest routine.

Source: Plato Data Intelligence: PlatoData.io

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