Life in the Caribbean — the new trend for the ultra-wealthy people

In 2021, 24% of extremely wealthy people have a second citizenship. At the same time, interest in citizenship-by-investment programs has grown by 50%, according to the Wealth Report 2021.

The main reason for this trend is the COVID pandemic. After all, a second passport often gives much more opportunities for quick, visa-free travel to a significant number of other countries. Another reason is the political conflicts burning all over the Earth — the second citizenship allows you to be much less dependent on your native government and its decisions.

Citizenship by investment: resorts attract the most

Investing in real estate to obtain a second passport is one of the most popular ways to acquire another citizenship. And in 2020, various resorts and country houses have become leaders in getting international fund contributions — coastal and suburban real estate is now preferred by 47% and 56% of all investors.

Caribbean Passport — Saint Lucia Variants

The St. Lucia citizenship-by-investment program stands out in the Caribbean passport market. This country offers its citizens:

  • zero taxation of global income, wealth, inheritance, and dividends
  • passports for all family members in just 3-5 months
  • visa-free travel (or getting a visa on arrival) to 146+ countries around the world
  • citizenship for the parents and children of the investor
  • long-term access to the United States and Canada
  • absolute confidentiality of obtaining citizenship
  • completely remote registration.

To obtain a Saint Lucia passport for real estate investments, you need to invest $300,000 in one of the country’s government-approved projects. But, of course, the program offers other options as well:

  • Contribution to the National Fund: $100,000.
  • Investment in government bonds: from $250,000.
  • Investment in a business: from $1,000,000.
  • Buy COVID-19 Relief bond: from $250,000.

Using the St. Lucia program, you can obtain citizenship within 3-5 months. At the same time, if you with the help of a licensed migration agency, such as the international company Migronis, the whole process will take place in four simple steps:

  1. Contract. The Migronis specialists conduct a free preliminary screening of the investor to minimize the possibility of refusal to grant citizenship.
  2. Prepare documents. The Migronis experts will handle 99% of all paperwork. The investor only needs to provide the necessary documents and sign the prepared questionnaires. Everything else, including translation, apostille, formation, and preparation of the application, will be managed by Migronis.
  3. Wait for approval. The government of Saint Lucia checks the investment program applications for 3-5 months. Sometimes the representatives can request additional documents — their preparation and sending are also administered by the Migronis professionals.
  4. Get passports. Everything is ready. You can get your passports.

Please note! All these steps take place remotely, which is especially important during a pandemic.

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