Citizenship to investors.
#1
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Joined: May 2010
Location: Caribbean/Upper West Side/Camden Yd
Posts: 372
Citizenship to investors.
Yesterday, the Prime minister announced in Monaco -
Citizenship By Investment to start in January | St. Lucia News Online
This, according to my local sources, is to upscale expats coming into the country.
Now, some might take umbrage at this elitism, but time will tell.
"Show me the money! "
Citizenship By Investment to start in January | St. Lucia News Online
This, according to my local sources, is to upscale expats coming into the country.
Now, some might take umbrage at this elitism, but time will tell.
"Show me the money! "
#2
I still dont believe it..
Joined: Oct 2013
Location: 12 degrees north
Posts: 2,777
Re: Citizenship to investors.
Grenada has had it for a while, 500k us investment.
#4
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Joined: Jan 2011
Location: Tunbridge Wells KENT
Posts: 2,914
Re: Citizenship to investors.
It appears that the application for citizenship will be considered on the following basis:
“qualifying investment” means cash or an investment in bonds, land or enterprise as may be prescribed by Regulations that in the opinion of the Minister brings substantial benefits to Saint Lucia"
I was going to comment, but thought better of it.
The act (Citizenship by Investment Act No 14 of 2015) was brought into law in August.
“qualifying investment” means cash or an investment in bonds, land or enterprise as may be prescribed by Regulations that in the opinion of the Minister brings substantial benefits to Saint Lucia"
I was going to comment, but thought better of it.
The act (Citizenship by Investment Act No 14 of 2015) was brought into law in August.
Last edited by Pistolpete2; Oct 10th 2015 at 6:25 am. Reason: the Act
#5
Re: Citizenship to investors.
Seems it is doing the rounds. here in Cyprus we have Russians and Chinese buying citizenship. The coat is €300,000-00 investment plus the purchase of property over €300,000-00. There has been many takers. There are clauses to the continued financial investment.
#6
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Location: Tunbridge Wells KENT
Posts: 2,914
Re: Citizenship to investors.
The United States has already been 'on' at St Kitts about certain undesirables getting citizenship from countries subject to US sanctions. In the present 'climate' one can just imagine the sorts of individuals who would want to get out of hotspots and set up shop in St Lucia and meet the requirements one way or another which are of course so very subjective.
#7
Re: Citizenship to investors.
In Europe there is the attraction of an EU passport which leads on to other things but in St Lucia I'm not aware that a St Lucian passport granted under the Act leads on to freedom of movement as a Caricom citizen unless it is movement to another member state that has similar economic citizenship rules.
The United States has already been 'on' at St Kitts about certain undesirables getting citizenship from countries subject to US sanctions. In the present 'climate' one can just imagine the sorts of individuals who would want to get out of hotspots and set up shop in St Lucia and meet the requirements one way or another which are of course so very subjective.
The United States has already been 'on' at St Kitts about certain undesirables getting citizenship from countries subject to US sanctions. In the present 'climate' one can just imagine the sorts of individuals who would want to get out of hotspots and set up shop in St Lucia and meet the requirements one way or another which are of course so very subjective.
I might be wrong ...But St.Lucia is a British Colony and so in reality??? could lead to a British Passport? or am I wrong?
#8
Re: Citizenship to investors.
It appears that the application for citizenship will be considered on the following basis:
“qualifying investment” means cash or an investment in bonds, land or enterprise as may be prescribed by Regulations that in the opinion of the Minister brings substantial benefits to Saint Lucia"
I was going to comment, but thought better of it.
The act (Citizenship by Investment Act No 14 of 2015) was brought into law in August.
“qualifying investment” means cash or an investment in bonds, land or enterprise as may be prescribed by Regulations that in the opinion of the Minister brings substantial benefits to Saint Lucia"
I was going to comment, but thought better of it.
The act (Citizenship by Investment Act No 14 of 2015) was brought into law in August.
In Europe there is the attraction of an EU passport which leads on to other things but in St Lucia I'm not aware that a St Lucian passport granted under the Act leads on to freedom of movement as a Caricom citizen unless it is movement to another member state that has similar economic citizenship rules.
The United States has already been 'on' at St Kitts about certain undesirables getting citizenship from countries subject to US sanctions. In the present 'climate' one can just imagine the sorts of individuals who would want to get out of hotspots and set up shop in St Lucia and meet the requirements one way or another which are of course so very subjective.
The United States has already been 'on' at St Kitts about certain undesirables getting citizenship from countries subject to US sanctions. In the present 'climate' one can just imagine the sorts of individuals who would want to get out of hotspots and set up shop in St Lucia and meet the requirements one way or another which are of course so very subjective.
I would suspect there are certain financial benefits regarding taxation in your native country if you become resident in St Lucia for tax purposes or renounced your native citizenship.
#9
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Joined: Jan 2011
Location: Tunbridge Wells KENT
Posts: 2,914
Re: Citizenship to investors.
Looks like applicants must have a net worth of USD 3,000,000 to qualify and there will be a cap of 500 applicants a year.
Nothing about how that money will in any way translate into being of benefit to St Lucia
You could have that net worth and still do all of your shopping in Miami.
Nothing about how that money will in any way translate into being of benefit to St Lucia
You could have that net worth and still do all of your shopping in Miami.
#10
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Joined: May 2012
Location: Cayman Islands
Posts: 4,996
Re: Citizenship to investors.
Here's another way of getting citizenship, apparently! This report is of a Saudi Arabian billionaire who seems to have done it. Unless it's a hoax-report. Can any resident confirm?
http://www.rt.com/uk/321409-saudi-di...unity-britain/
http://www.rt.com/uk/321409-saudi-di...unity-britain/
#11
I still dont believe it..
Joined: Oct 2013
Location: 12 degrees north
Posts: 2,777
Re: Citizenship to investors.
He isn't a citizen, he is now an accredited diplomat of st Lucia so he can't be arrested anywhere for minor crimes... Nothing to do with citizenship.
#13
I still dont believe it..
Joined: Oct 2013
Location: 12 degrees north
Posts: 2,777
Re: Citizenship to investors.
Happens the world over, non citizen businessmen or ex politicians are used because they have influence, or simply credibility.
#14
Re: Citizenship to investors.
I think you may be right in this case. I wonder how much he donated and whether it was done for immunity or simply his UK immigration status.