ENTERTAINMENT

St. Lucia offers ‘frictionless’ virtual citizenship application process – Tech

Business Wire India

St. Lucia Citizenship-by-Investment Unit (CIU) Has launched the first and currently the only e-payment platform in the Caribbean region. It enables international investors and their families to apply fully online for the island nation’s investment migration program, offering greater efficiency and reducing processing time from applications to grant citizenship. The e-payment platform has the ability to receive all payments associated with the application, including processing and due diligence fees; Administrative fees for real estate and bonds, and investments made in the National Economic Fund.

CEO Nestor Alfred says that providing a safe, transparent, fast, efficient and professional service to high-value global investors is at the heart of the latest innovation developed by the internal IT team of St. Lucia CIU. “During the international lockdown of Kovid-19, arranging bank wire transfers can either add weeks to deadlines or simply be impossible for our investors to manage. This homeground, wholly owned and managed e-payment and processing platform is seamlessly integrated into our new website and will save our customers precious time as well as capital and a fee to manage the transfer did not need to. “

St. Lucia offers various options to investors looking for citizenship of the country, starting at $ 100,000. In May, St. Lucia was the first Caribbean country to announce a new investment option in response to the Korean virus pandemic. To qualify for citizenship through the Kovid-19 Relief Bond option, which currently runs until 31 December 2020, a person is required to invest a minimum of at least USD 250,000 in non-interest government bonds. Which should be for five years.

In addition, St. Lucia recently introduced a number of important amendments to its legislation to make its citizenship-by-investment program even more attractive to investors with families. The category of ‘merit dependent’ has been expanded and now all investment options for granting citizenship include the option to include “add-on” qualification dependents. In addition to your spouse, you can now include children up to the age of 30 and parents over 55 if they are fully supported by you. An unmarried sister or brother who is under 18 years of age can also be included in your application.

As Alfred points out, the Caribbean island nation is more than creating additional value for its permanent investors, a commitment guaranteed by the St. Lucia CIU to the highest standards of good governance. “We offer significant returns on investment at a competitive investment level with visa-free access to 146 destinations worldwide, but it is our dedication to ensure rigorous liability and accountability at the highest level among comparable options that truly This minimizes strategic investment. The long-term growth and inheritance options offered by St. Lucia to international investors include increased global mobility, along with lifetime yields for them and their dependents, as well as ongoing and exponential value opportunities. “

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