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Investing in National Bonds and Obtaining Second Citizenship
Finding an efficient and safe way to invest and obtain second citizenship amidst the current global turmoil is a priority for investors in 2024.
Saint Lucia is one of the very few countries that offers this type of program and at the same time the only Caribbean country that grants second citizenship after investing in its national bonds, making it a great option as an investment method and a country for citizenship.
Saint Lucia offers a unique path to investing in government bonds after which you will be eligible for second citizenship after meeting some simple requirements that you must meet.
Second Citizenship after Investing in Saint Lucia Bonds
Saint Lucia started its second citizenship program in 2015 and then introduced the NAB investment program specifically in 2023 after replacing it with the Covid Relief Bond program.
This investment supports national development projects and after applying the minimum investment of $300,000 which can be more than one bond combined, you will be eligible to apply for second citizenship and add your family members with you to the file without limiting the number.
There are several advantages to investing in bonds of Saint Lucia, the most notable of which is the ability to sell the bonds after 5 years of purchase and then get your money back and retain your second citizenship forever.
In addition to the premium bond investment option, Saint Lucia offers 3 other paths to citizenship: real estate investment, investment in a corporate project, and a non-refundable contribution to Saint Lucia’s infrastructure system.
Beside to the minimum investment in bonds, applicants for second citizenship must make a fixed contribution of $50,000 and may then be required to undergo due diligence checks.
Once you have obtained second citizenship from Saint Lucia, you will be treated as a citizen of the country, with the right to travel to over 145 countries without a visa, receive free healthcare and education, and receive zero taxes on many of your assets and businesses.
Investing in the Bonds with Second Citizenship Programs
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Investing in government bonds to obtain second citizenship is a safe path for investors who want to own a second passport while preserving their capital and obtaining a steady income, and for those looking to diversify their investment portfolios.
In light of current global events, individuals are looking for safe and convenient ways to obtain second citizenship, and here comes investing in government bonds for people who do not prefer to make contributions to countries or invest in real estate.
As for those who ask what exactly bonds mean, bonds are debt papers or loans issued by governments to meet their needs and expenses, and are specifically used to support social programs and infrastructure projects and cover their debts.
When an individual buys a government bond, it means that he is lending the government a portion of the amounts and is given regular interest in return for his contribution, but in second citizenship programs, investors are not given interest on their investments, but when the maturity date comes, the government returns the full value of the original investment to these contributors.
Requirements for Second Citizenship from Santa Lucia
▣ The minimum investment is $300,000.
▣ No interest accrues on your investment.
▣ To qualify for second citizenship, the bonds must not be sold for 5 years.
▣ A non-refundable administrative fee of $50,000 applies regardless of the number of dependents.
▣ The program is not intended for those with suspected criminal backgrounds or those with illicit sources of funds.
▣ The program does not require you to reside before or after obtaining citizenship and accepts dual citizenship.
▣ The processing period varies from time to time but on average you will be granted second citizenship 6 months after submitting your application.
Advantages of investing in bonds for second citizenship
1. Provides financial flexibility
The government bond market is very liquid, with this advantage you can sell the bonds in the secondary market before the maturity date when you need to recover your money.
2. Diversify your investment holdings
Government bonds help diversify your investment portfolio and protect your assets from the risks of other investment methods. You can also liquidate your investment directly without the need for a broker or buyer.
3. Safe Investment Method
Safety is one of the most important features of this type of investment, as it is issued by the government, and therefore fraud when recovering the money will be non-existent compared to investing in commercial bonds and stocks. In times of geopolitical and economic instability, investing in government bonds is the safest way.
4. Regular returns and full refund
Interest is given in regular or semi-annual payments for investing in bonds, and at the same time the money is fully refunded upon maturity.
5. Tax exemption
Some countries that offer this type of investment offer huge tax incentives or exemptions for investing in these bonds and the interest due on them.
Contact us on one of the communication channels available in our contact page and learn more about the Saint Lucia Citizenship by Investment Program in particular and citizenship by investment programs around the world in general.
About Author
Taher Shehab
As co-founder and CEO, Taher Shehab has guided Global Citizen Consultants to be a leader in providing citizenship by investment in over 20 territories, including the Caribbean.
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