Recently, the government of Saint Lucia has amended the Investment Citizenship Program Bill, namely Bill No. 4 of 2020. The specific changes are as follows:
1. Scope of Eligible Dependent Applicants:
1. Spouse
2. Children of the main applicant or spouse under the age of 21
3. Children of the main applicant or spouse under the age of 30 who are fully financially dependent on the main applicant
4. Children of the main applicant or spouse with physical or mental disabilities who are fully financially dependent on the main applicant, regardless of age
5. Parents of the main applicant or spouse who are 55 years of age or older and are fully financially dependent on the main applicant
6. Parents of the main applicant or spouse with physical or mental disabilities who are fully financially dependent on the main applicant, regardless of age
7. Unmarried siblings of the main applicant under the age of 18, who may apply for investment immigration with the permission of their parents or guardians
Compared to the original bill, the new bill expands the age and scope of dependent applicants. The age limit for accompanying children has been relaxed from under 18 to under 21, and the age limit for children who are fully financially dependent on the main applicant has been adjusted from under 25 to under 30; the age limit for accompanying parents has been relaxed from over 65 to over 55; and unmarried siblings under 18 can also be included.
2. New Scope of Dependents Added
Eligible dependents may be approved for their investment citizenship application if the committee confirms that the following dependents meet the criteria, provided that a qualifying investment is made in cash:
1. Children born or legally adopted after the main applicant has obtained citizenship
2. Spouse married after the main applicant has obtained citizenship
3. Dependents who were eligible before the applicant obtained citizenship may apply for citizenship within 5 years after the applicant has obtained citizenship
In summary, the Saint Lucia Immigration Department will begin to allow approved investment citizenship applicants to add qualifying family members within 5 years after receiving their investment citizenship approval. This is a significant change, as the original bill did not include provisions for adding family members after the original applicant obtained citizenship. The new bill clearly states that the main applicant can add dependent applicants after obtaining citizenship, greatly enhancing the effectiveness of the family reunification policy and meeting the application needs of the applicant and their spouse and children, undoubtedly attracting more high-net-worth individuals to make direct investments!
Overall, the new bill is more favorable to investors and their families. In fact, for Chinese investors, Saint Lucia can meet the needs of many investors in terms of health planning, identity planning, children's education, improving quality of life, and global wealth management. The official language of Saint Lucia is English, and it offers high-quality education, a comprehensive healthcare system, visa-free, visa-on-arrival, and e-visa access to nearly 150 countries and regions, stable political and economic development, and tax incentives.
Currently, the investment threshold for the Saint Lucia COVID-19 Relief Government Bond Project is low and offers a safe and stable immigration option. An investment starting from $250,000 in government bonds issued by the government of Saint Lucia, held for a minimum of 5 years, will return the principal, allowing the entire family to obtain a passport from the Commonwealth country of Saint Lucia. Additionally, there are no age, educational, or language requirements for investment applicants, no need to provide proof of funds, no immigration monitoring, and no requirement to enter Saint Lucia to complete the immigration process.
Project Advantages
1. Limited-time policy, state credit guarantee, principal returned upon maturity, investment is risk-free;
2. Legally obtain citizenship (nationality) in one step;
3. Low threshold and low cost to obtain a legal passport;
4. Fast application, usually approved within 2-4 months after submission;
5. No immigration monitoring requirements, no need to enter the country;
6. No language, interview, or educational requirements;
7. Convenient travel, with this passport allowing visa-free, visa-on-arrival, and e-visa access to nearly 150 countries and regions, including the United Kingdom, Schengen countries, Ireland, the United Arab Emirates, South Korea, Hong Kong, Taiwan, Singapore, etc.;
8. Children can enjoy free British-style education, and academic credits are recognized by some Commonwealth countries, facilitating transfers to other Commonwealth countries for study. If returning to China as an international student, eligible individuals may also be exempt from written exams to attend prestigious domestic universities;
9. Tax incentives, with no property tax, gift tax, inheritance tax, estate tax, or capital gains tax, and it is one of the few countries that do not impose global taxation.
Important Reminder:
The Saint Lucia COVID-19 Relief Government Bond Project is valid until December 31, 2020. This low-threshold, low-cost opportunity for the whole family to immigrate to the Commonwealth country of Saint Lucia must be seized in a timely manner. Historically, government bond immigration projects have always been popular, and it is urgent to catch the last train of Saint Lucia's government bond immigration!
As a proactive promoter of investment citizenship projects in Commonwealth countries, the WorldWay Group, a professional immigration agency that introduced the Saint Lucia Investment Citizenship Program early on, has maintained good trust, interaction, and cooperation with the government of Saint Lucia.
2020 is the year of health planning. Health planning and identity come first; Plan B for life needs to be planned in advance. For details on the Saint Lucia COVID-19 Relief Government Bond Project, please consult: Mainland China: 400-138-2929 Hong Kong, China: (852) 2802 8798.
* The above information is for reference only and should not be used as an investment basis. Investment carries risks; please choose carefully.*