Saint Lucia’s National Action Bonds – the only one of its kind in the Caribbean
Saint Lucia is currently offering an exciting new bond investment called the National Action Bond (NAB).
Saint Lucia’s 2023 – 2024 GDP numbers indicate strong growth for the nation
June 06, 2023 Saint Lucia’s 2023 – 2024 GDP numbers indicate strong growth for the nation Castries, May 05, 2023 (GLOBE NEWSWIRE) — The House of Assembly gathered in a live broadcast joint session to mark the Third Session of the Twelfth Parliament of Saint Lucia. The Prime Minister and Minister for Finance, Economic Development and the Youth Economy and Minister for Justice and National Security, Hon. Prime Minister Philip J. Pierre delivered his Budget Policy. Members received the Throne Speech delivered by Acting Governor General, Mr. Cyril E. M. Charles. “As a small nation we must be proud as many visitors continue to visit our shores, for recreation and relaxation. That we have developed a world-class destination for honeymooners. A status we have enjoyed for many years.” Mr. Charles stated. Mr. Charles added that “The economy is on the rise again, foreign investor confidence is back, and the future looks brighter.” The Acting Governor General requested that all attendees and listeners to embrace new economic opportunities and that despite the existing challenges, Saint Lucia is still a peaceful nation. He made a call for support towards the Saint Lucian police force to tackle crime in the island. Saint Lucia displayed resilience after the Covid-19 pandemic and the nation will be better positioned to address existing issues that the pandemic exposed. The post-pandemic events in the CARICOM region have recorded positive recovery rates, Hon. Prime Minister Pierre stated that “in the tourism-dependent economies, since the lifting of Covid-19 restrictions, Guyana, Saint Lucia and Barbados recorded the highest growth rates; Saint Lucia recorded the second highest growth rate after Guyana.” Hon. Prime Minister Pierre highlighted that Saint Lucia’s 2022 GDP has shown a real growth rate of 18.1 per cent, the best-performing sectors were the agriculture, manufacturing and tourism sectors in 2022. And the largest contributors to real growth were in the accommodation and restaurant sectors. Prime Minister Pierre emphasised that “Of the total, 10.8 per cent points were accommodation and food, services, tourism grew by 58 per cent, stay over arrival 78.7 per cent while cruise arrival has increased by 273,8 per cent; these developments were due to the removal of all Covid-19 protocols in September 2022.” Saint Lucia’s unemployment rate reached a sharp decline of 19% and the youth unemployment rate at 25.9%, the lowest since 2010. “The strategic choices for the 2023-2024 budget will focus primarily on three areas, Health, National Security, and economic sustainability – the theme for this year’s budget,” Prime Minister Pierre had stated. The Government of Saint Lucia aims to secure economic development through 2023, in various sectors in the economy, this includes access to affordable and quality healthcare in the country. Saint Lucia’s growth rates for 2023 are the perfect opportunity for discerning investors to contribute to effective economic development through Citizenship by Investment (CIP) Saint Lucia. CIP Saint Lucia offers investors second citizenship in exchange for donations or contributions to Saint Lucia’s economy. There are four investment options that offer unique benefits that include securing investors’ families, future generations, and their wealth. These investment options are as follows: National Actions Bonds (NAB) The NAB is a recently introduced investment option are non-interest-bearing bonds and requires a minimum investment amount of US$300,000, there is an administration fee of US$50,000, and due diligence and processing fees apply. Investors may choose to apply with dependants without additional costs. This investment option requires investors to hold the bonds for a minimum of five years, and it is the only investment option that offers a refund after the five-year holding period. National Economic Fund (NEF) The NEF allows investors to donate a minimum of US$100,000, this economical investment option has additional donation amounts applied for a spouse and or dependants. The NEF application processes are straightforward. Contributed funds support the advancement of infrastructure and services. Real Estate Saint Lucia has luxurious real estate properties, with a minimum contribution of US$200,000 investors can secure an approved real estate project. There are due diligence and government fees applied. These real estate projects offer high returns on investments and require investors to own and maintain the projects for a minimum of five years. The Saint Lucia Canelles Resort premium luxury with amenities for both couples and families. The high-end resort offers unique cultural and educational experiences for visitors and property owners to become the ultimate destination for leisure and investment prospects. Enterprise Projects Enterprise Projects work towards investing in economic development and job creation in the island state. Investors may choose to apply independently or jointly with investors. Independent investor applicants are required to contribute a minimum investment valued at US$3.5 million and create a minimum of three permanent jobs. Joint investor applications are required to each contribute US$1 million, totaling US$6 million and create a minimum of six permanent jobs. Due diligence, processing and government administration fees are applied per application. Saint Lucia’s economy shows signs of growth and investment opportunities for the sustainable investor. Make Saint Lucia your second home through Saint Lucia Citizenship by Investment Programme, and open doors to newfound freedom and opportunities. Share This Story, Choose Your Platform! Eligible travellers from 13 more countries now qualify for visa-free travel to Canada Eligible travellers from 13 more countries now qualify for visa-free travel to Canada • June 15, 2023 Dominica and Grenada now added to CAN+ program Dominica and Grenada now added to CAN+ program • June 15, 2023 ما هو الفرق بين الإقامة والجنسية؟ ما هو الفرق بين الإقامة والجنسية؟ • June 9, 2023
The International Monetary Fund (IMF) expects Dominica to grow by an average of 5% per year from 2022 to 2026
January 11, 2022 The International Monetary Fund (IMF) expects Dominica to grow by an average of 5% per year from 2022 to 2026 7 amazing facts about Dominica’s economic growth rate of 5% for the next 5 years The International Monetary Fund (IMF) expects Dominica to Grow by An Average Of 5% Per Year From 2022 To 2026. There is a report issued by IMF (International Monetary Fund) clarified that the country of Dominica is developed its economy. IMF expects Dominica to Grow by An Average Of 5% Per Year From 2022 to 2026. Let’s start by getting the features of Dominica which is a wonderful country. Dominica is an island located in the Caribbean Sea, it has beautiful natural landscapes, forests, unique animals and plants. Tourists and businessmen travel to Dominica to enjoy some sports activities such as swimming, snorkeling and sailing boats. Dominica had a population of 72,260 as of January 2022. We notice the difference of the island’s population as a result of their diversity of their nationalities. The population of the island consists of African, Europeans, a minority of Syrians, Lebanese and Caribbean Indians. Dominca has a very slow population growth due to high emigration to other countries. One of the most important economic resources for national income in Dominica is agriculture and tourism. Investment concept It is an act of the investor, in which he uses a certain amount of money to buy something in order to achieve material returns, or to sell that thing in the future with a profit. Citizenship by investment program It was established in Dominica 1993 to help the investor to obtain the Dominica citizenship program, his passport will be issue within 4 months. The investment is made through 2 options: 1-The investor makes a financial contribution to the economic diversity fund, which is non-refundable. 2-The investor buys a property from one of the projects approved by the country government. The international monetary fund (IMF) It consists of 190 countries. It promotes financial stability and monetary cooperation worldwide. It facilitates international trade, increases employment and sustainable economic growth. It assists in global poverty reduction efforts. An IMF Dominica mission were visited the island in December 2021 to explore the future prospects of Dominica’s economy. A statement was issued confirming impressive results in the economy of Dominica over the next 5 years from 2022 to 2026. Although Dominika’s economy was affected by the corona pandemic, it has achieved a huge economic booming. Key points of the IMF Dominica report 1- Dominica’s economy will achieve a growth rate 5% from the year of 2022 to 2026. 2- Dominica follows an excellent investment program (citizenship by investment) which is differentiate by flexibility and ability to face natural disasters. 3- Dominica supports a large number of projects through the citizenship by investment program. 4- The strength of the investment program: Improving road network. Building disaster-resistant housing. Establishing a new international airport that will increase the number of flights. All of this improvement will increase tourists and businessmen to visit the island also national income will be increase. 5- IMF Dominica confirmed that the citizenship-by-investment program has effectively contributed to establishing the water and sanitation network with improving the capacity of hospitals. 6-IMF Dominica confirmed that the existence of an economic renaissance in Dominica such as: continuing to build new hotels. Increasing flights from the United States of America to Dominica. Increase the economic growth of the country. 7- Having a cash reserve from investment returns to face crises and natural disasters. The report of IMF Dominica confirmed that it is one of the most developed and stable country in the world. Dominica’s economy will achieve 5% growth rates for the period from 2022 to 2026. Share This Story, Choose Your Platform! Eligible travellers from 13 more countries now qualify for visa-free travel to Canada Eligible travellers from 13 more countries now qualify for visa-free travel to Canada • June 15, 2023 Dominica and Grenada now added to CAN+ program Dominica and Grenada now added to CAN+ program • June 15, 2023 ما هو الفرق بين الإقامة والجنسية؟ ما هو الفرق بين الإقامة والجنسية؟ • June 9, 2023
Turkey changes the conditions for granting citizenship.
February 17, 2022 Turkey changes the conditions for granting citizenship. Turkey declared in its official newspaper on January 6 that to obtain Turkish citizenship via the CPI turkey route, one must now invest in foreign cash, not Turkish Lira. To get a Turkish passport, an individual must now support at least $500,000 in the nation or acquire real estate valued at more than $250,000 due to changes in cpi turkey. It’s no secret that Turkey has struggled to keep up with Europe’s fast developments. It’s a country that has seen a lot of turbulence in recent years, and it appears as though the problems will only grow worse. However, do not despair; if you’re curious about what’s happening in Turkey, there’s a decent chance you’ll learn about it here. This blog post will examine how Turkey citizenship requirements are altering. Citizenship is available to those determined by the Ministry of Industry and Technology to have invested at least $500,000 in the country, to those who have spent at least $250,000 on property in Turkey and retained it for at least three years, to those determined by the Ministry of Labor and Social Security to employ at least 50 people, and to those who have deposited at least $500,000 in Turkish banks and retained it for at least three years. Investor immigrants are now required to exchange their foreign currency before the transaction and convert it to Turkish liras to fulfill the investment criteria. Following that, the bank must exchange the foreign currency via the Central Bank (“CBRT “). Therefore, keeping track of your investment amount is critical, as the deposit will remain in Turkish liras for at least three years, posing an enhanced exchange rate risk. Changes in CPI turkey: what is new? A minor change will be made to the terms and circumstances of the Turkish Citizenship by Investment Program known as cpi turkey. As a result of the new changes in cpi turkey, which was published in the Official Gazette on January 6, foreign currency investments in the nation, rather than Turkish lira investments, are now required to get citizenship. To get Turkish citizenship by investment, a foreign investor must make an initial investment of at least $500,000 in the nation or purchase real estate worth at least $250,000. In addition, money in the country must remain for at least three years – the decree requires this. Although the new changes in cpi turkey, the monetary value of the needed investment has remained the same. A note attached to the announcement states that foreign cash will be placed into Turkish banks and that it will be required to be retained in Turkish Lira while in the country. The money must be kept in the nation for a minimum of three years before it may be withdrawn. For a long time, foreigners who wanted to become citizens of Turkey had to invest foreign cash or an equal amount in Turkish Lira. It has now been decided that the term “Turkish lira” will be eliminated from the new rule. Foreign cash received from the property sale to foreigners will be sold to the Central Bank through a local bank and converted into Turkish Lira. What investment opportunities does Turkey offer to match CPI turkey requirement? Property Investing Purchase a $250,000 property with the promise not to sell it for three years. Bank Depositing US$500,000 in a Turkish state bank for three years. Shares Purchase shares in Turkish REITs or Venture Capital Funds (VCFs) for US$500,000 with a three-year guarantee not to sell them. Government Bonds Purchase US$500,000 in government bonds and promise not to sell them for three years. Business Purchase a business with a capital of USD 500,000. Employment Employ 50 Turkish workers and provide them with insurance. What is a Citizenship by Investment Program, and what advantages does it offer investors and their families? Conversely, what are the program’s drawbacks? In our book, we answer these and many other questions! Share This Story, Choose Your Platform! Eligible travellers from 13 more countries now qualify for visa-free travel to Canada Eligible travellers from 13 more countries now qualify for visa-free travel to Canada • June 15, 2023 Dominica and Grenada now added to CAN+ program Dominica and Grenada now added to CAN+ program • June 15, 2023 ما هو الفرق بين الإقامة والجنسية؟ ما هو الفرق بين الإقامة والجنسية؟ • June 9, 2023
Vanuatu to make significant changes to its CBI program
February 16, 2022 Vanuatu to make significant changes to its CBI program The Vanuatu government has declared that investors awarded citizenship under the scheme from May 25th, 2015, will be re-checked. If the investor fails the check, his passport may be revoked. This article will outline Vanuatu citizenship and Vanuatu citizenship changes by investment 2022, also known as the Vanuatu CBI program. What are the changes in Vanuatu citizenship? Due to changes in Vanuatu citizenship, new investors will face more stringent Due Diligence requirements. Discover why Vanuatu is strengthening Due Diligence and what changes are in store for the program. Since 2015, Vanuatu has been granted citizenship by investment. The current citizenship program went into effect in 2017. A passport may be obtained in as little as one month, and the entire process is completed remotely. From 2017 until August 2020, 2,336 investors obtained a Vanuatu passport. However, the next period’s public statistics on the number of investors is not yet available. Vanuatu citizenship: How to Obtain a Vanuatu Passport Through Investing – Immigrant Invest Due Diligence is an important stage in every investment initiative. Because the European Union is dealing with an increase in economic crime, it is continually increasing Due Diligence criteria for citizenship and resident visa programs. The reasons for the changes in Vanuatu citizenship The European Commission suggested suspending the visa waiver agreement between Vanuatu passport and the EU nations two days before the Vanuatu government revealed adjustments to the citizenship program’s terms. The partial suspension indicates that visa-free entrance to EU countries is only suggested for Vanuatu nationals who got passports after May 25th, 2015. This is because Vanuatu began giving citizenship by investment on that day. According to the European Commission, Vanuatu does not appropriately screen investors and promotes its program as an alternative to a Schengen visa much too frequently. This is a violation of international investment program requirements. According to the European Commission, the main issues are that Vanuatu: granted passports to investors, some of whom were listed in the Interpol database; processes investor applications too quickly; does not exchange information with countries where investors have citizenship or a residence permit; Issues passports to citizens of countries prohibited from participating in other investment programs, such as citizens of Afghanistan and Iran. It rejects applications relatively seldom since Vanuatu rejected only one application throughout the citizenship program’s administration. Vanuatu citizenship (Vanuatu CBI program) by investment 2022 Vanuatu’s citizenship-by-investment scheme or Vanuatu CBI program was established in 2017. The program’s parameters are governed by Chapter 112 of the Citizenship Law and Vanuatu government directive no. 215. Applicants for citizenship by investment make a non-refundable payment to a government fund. The first investment is $130,000. In addition to the investor, their spouse, children, and parents may be included in the citizenship application. Applicants seeking Vanuatu citizenship by investment are not needed to take language or history examinations, live in Vanuatu or even visit the country. Vanuatu’s citizenship by investment scheme is the world’s quickest. A passport takes at least one month to get, and the entire process is done remotely. What benefits does a Vanuatu passport offer? Visa-free travel to Schengen nations and the United Kingdom Vanuatu passport holders can travel to 126 countries without a visa. It replaces the Schengen visa and permits the bearer to stay in the UK for 180 days per year. They can also go to Hong Kong and Singapore without access. vanuatu cbi program Long-term US visa Vanuatu nationals are entitled to apply for B-1 / B-2 tourist visas in the United States immediately for five years. It permits them to visit the United States for 180 days each year. They can have business meetings, travel throughout the nation, obtain medical treatment, and enroll in courses that do not lead to a diploma or degree during this period. vanuatu cbi program Business tax optimization The visa permits you to set up an international business in Vanuatu. Although such companies are not allowed to produce money in Vanuatu, they are eligible for tax breaks. The corporation and its stockholders are exempt from paying taxes on profit, income, capital gains, inheritance, or contributions for the next 20 years. Instead, there is a one-time cost of $300. Investor’s costs for Vanuatu citizenship by investment 2022 Applicants seeking Vanuatu citizenship via investment must contribute to the National Development Fund. The funds from the fund are used to help Vanuatu’s economy and battle natural catastrophes like Tropical Cyclone Harold. The gift is non-refundable and does not generate revenue. Why is the citizenship by investment program important to Vanuatu? Vanuatu is a tiny Pacific Ocean island republic. The country has a population of around 300,000 people. The vanuatu cbi program contributes significantly to Vanuatu’s GDP. In 2020, for example, the profit from the investment program accounted for 45 percent of government income. Vanuatu citizenship program investments include infrastructure development, agricultural and tourist development, and natural catastrophe rehabilitation. Since 2020, funds from the initiative have also been utilized to address the repercussions of the coronavirus pandemic. In 2018, the Vanuatu government also established the National Development Fund. The fund aids in the control of the citizenship program’s income: investor donations are received in a single state account. This makes auditing and budgeting easier. Immigrant Invest is an authorized representative of the Vanuatu citizenship by investment program. If you wish to travel worldwide without a visa, you should acquire a second passport. Share This Story, Choose Your Platform! Eligible travellers from 13 more countries now qualify for visa-free travel to Canada Eligible travellers from 13 more countries now qualify for visa-free travel to Canada • June 15, 2023 Dominica and Grenada now added to CAN+ program Dominica and Grenada now added to CAN+ program • June 15, 2023 ما هو الفرق بين الإقامة والجنسية؟ ما هو الفرق بين الإقامة والجنسية؟ • June 9, 2023
St Lucia’s Citizenship by Investment Program Extends its COVID Relief Bond Option
March 15, 2022 St Lucia’s Citizenship by Investment Program Extends its COVID Relief Bond Option Many people are not aware of cip st lucia during covid , The country’s Cabinet has extended the offer for cip st lucia during covid. A year has been added to the expiration date of the 50 percent discount on the purchase of government bonds, which is now December 31, 2022. In this article, we explain how investors may take advantage of the opportunity to get a discounted St Lucia passport at a discounted rate. cip st lucia during covid :An overview Beginning in May 2020, investors will purchase special interest-free bonds known as Covid-19 Relief Bonds. The cost of buying these bonds is half the price of purchasing other bonds: the minimum transaction value is $250,000 instead of $500,000. The deadline for participating in the special offer to purchase government bonds has been extended to December 31, 2022. Initially, it was set to expire at the end of 2021. Obtaining citizenship in Saint Lucia, which comes with a bonus of $250,000 The terms of the program will be changed shortly by the government. The agency will continue to accept applications slower until the new regulations are in effect, though. Investment in options and duration of bond holding When making investments as part of the Saint Lucian citizenship program, purchasing government bonds is an option for refunding your money. After 5 or 7 years, the investor has the chance to redeem the bonds they bought. The holding time for the securities is determined by the minimum investment amount and the number of securities purchased. As of this writing, it is unclear if the government of Saint Lucia has decided to keep their concession on the administrative charge. In 2021, an investor who purchases bonds will pay a $25,000 cost instead of the current $50,000 fee. If the minimum investment under the option was $300,000 and the maximum investment was $500,000, the administration charge would be $30,000. What other options are there for obtaining a St Lucian passport via investment? Since 2015, the government of Saint Lucia has implemented a citizenship program. As a result, investors in Saint Lucia may get a second passport by making a non-refundable donation, purchasing real estate or government bonds, and investing in local enterprises. Citizenship in Saint Lucia via Investment Everything you need to know about the St Lucian citizenship program via investment. The bare minimum is $100,000 in investment. The process of obtaining a passport takes 3-4 months. Investment opportunities available via the St Lucia citizenship program Contribution to the National Economic Fund for $100,000 as an alternative. Purchasing government bonds starting at $250,000 Buying a home starting at $300,000 Investing in a firm with a minimum investment of $1,000,000 The purchase of real estate, like bonds, is a reimbursable investment choice. The money may be refunded in full up to 5 years after the passport has been issued. It is in the interests of investors to gain citizenship in Saint Lucia so that they may travel freely across the globe without requiring a visa, preserve their funds in European and Caribbean banks, and benefit from favorable taxes. cip st lucia during covid is it a good idea for The St Lucia passport? The St Lucia passport is a highly sought-after travel document among international travelers. It enables visa-free travel to 146 countries, including the Schengen Area, the United Kingdom, Singapore, and Hong Kong. Additionally, inhabitants of Saint Lucia are granted a tourist visa to the United States for ten years at a time. On the other hand, Russians only receive it for a maximum of three years. Benefits associated with the passport, expedited processing of applications, and favorable investment conditions made the program one of the finest in its area by 2021. See how to immigrate to the caribbean islands with Karibi Share This Story, Choose Your Platform! Eligible travellers from 13 more countries now qualify for visa-free travel to Canada Eligible travellers from 13 more countries now qualify for visa-free travel to Canada • June 15, 2023 Dominica and Grenada now added to CAN+ program Dominica and Grenada now added to CAN+ program • June 15, 2023 ما هو الفرق بين الإقامة والجنسية؟ ما هو الفرق بين الإقامة والجنسية؟ • June 9, 2023
Interesting Facts about Saint Lucia
Saint Lucia is not known as the Helen of the West for nothing; the island has changed political allegiances between French and British administrations seven times.
Saint Lucia Becoming Hot Spot for Ultra High Net Worth Individuals
More and more ultra-high net worth (UHNW) individuals are investing in St Lucia’s citizenship by investment program as they offer many benefits and investment growth opportunities.