Why Get Second Citizenship in Small Countries?
Citizenship-by-Investment is the process of obtaining a second passport by investing in the country’s economy. There are many benefits to obtaining a second citizenship in a small country. It gives applicants the right to travel across 130+ destinations around the globe, reduce the tax burden, and get access to European best education and medicine services. More than ever before, ultra-high-net-worth individuals are pursuing second citizenship in order to get the most of their earnings and access previously unimagined opportunities.
Citizenship-by-Investment is an attractive option for those investors who want to get a passport of another country without the need to live there. Second citizenship is also a good solution if you want to start a profitable business and tap into new markets or want to have a second home in a beautiful country with stunning natural beauty, white-sand beaches, and welcoming locals. By spending a minimum of $100,000, you get your plan B and a sense of security and stability if things go awry.
The top smaller countries that offer citizenship by investment are Saint Kitts and Nevis, Dominica, Grenada, St. Lucia, and our top recommendation, Antigua and Barbuda. These all are countries of the Caribbean region, which has already driven tens of thousands of the world’s elite to pursue the dream of extending the boundaries of their freedom. Opportunities differ from country to country, so while considering which one to choose, also think about the factors like timeline, price, and benefits.
Let’s focus on how to obtain second citizenship in St. Lucia.
In similar fashion to the other Caribbean countries, St. Lucia offers multiple methods for obtaining second citizenship by investment.
1. Make a government donation
Although contribution to a government fund is non-refundable, making donation in the economy of the country is the most straightforward way to get a passport from Saint Lucia. Here is a breakdown of prices:
- $100,000 — a single applicant
- $140,000 — investor with a spouse
- $150,000 — a family of up to 4 members
- $15,000 — each additional dependent
2. Invest in real estate
The real estate business is one of the most trusted ways to get a second citizenship. One of the main draws of this option is an opportunity to double your income by renting out or reselling the property. The magic of growing your property portfolio in countries that offer citizenship is that you spread your risk across other markets and provide a hedge against currency fluctuations. The starting investment is $200,000.
3. Invest in government bonds
Saint Lucia is the only investment program that has a government bonds option. The starting investment is $300,000.
4. Make a business investment
In order to get second citizenship via this method, an applicant needs to invest about $1,000,000. This is the most expensive option, but it also can bring some benefits. The price of $1,000,000 is for joint investment. It would be higher if you are a sole investor — $3,500,000.
What are the main areas you can invest in? Saint Lucia Citizenship by Investment supports a wide range of projects:
- Pharmacy products
- Offshore universities
- Highways, bridges, or ports
- Research institutions
- Specialty restaurants
Why choose St. Lucia?
The country does not have taxes on inheritance and capital gains. While being proud of a long history of democracy and free elections, Saint Lucia is a well-developed country with strong healthcare and education systems.
With a Saint Lucia passport, you get a chance to reach 130+ countries. Many of them are from European Union, allowing you to enjoy the most famous business hubs and the best resorts worldwide. Saint Lucia is a country with a high standard of living. The country is very safe, and crime rates are low, so its citizenship is one of the most competitive in the world.
Do not hesitate to apply for our consultation if you are interested in citizenship of Saint Lucia, or would like to learn about the differences in programs offered by our team.