Best St. Lucia CBI Stream – Infrastructure Investment Options
St. Lucia has become a tourism hub and the best site for offshore financial services. U.S. News marks the country as the second-best honeymoon destination in the world. Talking about St. Lucia CBI program, the country has introduced a new investment stream. The new stream is to attract investors to invest in infrastructure and divert the trend from real estate. The country is also on the list of people seeking adventure trips, and its powerful passport attracts people to become permanent residents by getting citizenship.
St. Lucia CBI – Details
The St. Lucia citizenship by investment unit has started the new stream under the title INTRODUCTION OF NEW APPLICATION FORMS & INVESTMENT OPTION, known as St. Lucia CBI Infrastructure Option for investors seeking St. Lucia citizenship. The diversification of investment options is likely to attract a wide array of investors. Here are the available options under the infrastructure stream:
- Specialist restaurants
- Cruise ports and marinas
- Agro-processing plants
- Pharmaceutical products
- Ports, bridges, roads, and highways (infrastructure)
- Research institutions and facilities
- Offshore universities
- Housing projects
- Social development projects
- Investment services
What is the Amount Required for St. Lucia CBI Infrastructure Stream?
You need to invest $100,000 if you are a single applicant to get a St. Lucia passport along with the $15000 administrative fee. If you are considering St. Lucia citizenship for your family as well, you need to invest a minimum of $150,000 to bring 3 family members along with you. For each family member, the administrative fee is $5000. The inclusion of the fifth family member requires an additional $10,000 in funds.
St. Lucia Citizenship by Investment Process
The main 5 steps for St. Lucia citizenship include:
Preliminary Due Diligence
Before initiating the process, a good immigration firm always performs preliminary due diligence as per SOPs and guides on how to mitigate the risk of rejection.
Preparation of Documents
The immigration specialist helps applicants prepare the documents, you need to provide your passport, bank statements, certificates and other documents. After thoroughly investing your case and meeting the criteria, your application will be submitted to authorities.
Due Diligence and Application Processing
The officials of the St. Lucia CBI Unit conduct the due diligence by verifying the applicant, criminal record and financial credibility.
Approval and fulfilment of Investment Condition
On approval of the application, the CBI unit communicates with Immigration Invest for issuance of notification. This is the time, the applicant has to meet the investment requirement, i.e. by donation, real estate property purchase, buying government bonds or by investing in infrastructure. The investment must be made within 90 days.
Obtain a Naturalization Certificate
The Immigrant Invest lawyers prepare and issue documents for citizenship, i.e. oath of allegiance and issue the St. Lucia naturalization certificate within 4 weeks followed by issuance of passport to investor and family members if applicable.
Conclusion
The wider investment stream ensures people from a wide array are covered to invest in their area of interest. Whether it be National Economic Fund, real estate route, infrastructure investment or buying government bonds, St. Lucia infrastructure investment stream is a fresher to Caribbean citizenship programs and caters to a wide array of investors. All you need is a credible and approved immigrant lawyer for St. Lucia immigration who understands and guarantees the smooth transition to gift you a second passport to become a global citizen.