St. Lucia is a small island nation in the Caribbean Sea. It is a beautiful volcanic island with a pleasant climate and clean air. Stable economy, comfortable conditions for life and work, high level of security make the country very attractive for foreigners who wish to change their place of residence.
Sunny, picturesque Republic of Malta attracts tourists and investors from all over the world. They see great prospects for the island and are trying to do everything to move with his family to the country of blue lagoons, great climate and decent living and working conditions.
Below we will consider how to get Saint Lucia and Malta nationality to move to the Caribbean legally, what are the requirements for local passport applicants, the advantages of living in exotic EU countries and why it is recommended to contact the experts when preparing for the move.
Understanding Citizenship by Investment
Caribbean countries offer various privileges to applicants for a local passport. According to an expert of Immigrant Invest Zlata Erlach, along with other programs, the fastest and most convenient way to move legally to Malta or St. Lucia can be an investment program. To do this you must collect certain documents and contribute to the economy of one of the above mentioned states approved by the local legislation amount. Let’s compare the requirements and advantages of immigration to these countries and make conclusions, where it is better to move.
Overview of Malta’s Citizenship by Investment Program
Obtaining official status under this program is the easiest way for foreigners. It is necessary to invest personal funds in a private organization, in the account of the National Foundation or in the purchase of real estate. The amount of investment is from 690 000 euros. It is possible to rent premises for 1-3 years for not less than 12000 euros. You will also have to pay a number of fees and charges for yourself and family members who are included in the program.
Requirements
In order to apply for a Malta citizenship, the applicant must meet the following points
- be of legal age;
- not be under sanctions;
- have no criminal record;
- to prove the legality and stability of their income;
- be willing to invest in the economy of the country of 690,000 euros.
Also obtain the coveted passport of the island state can be a partner and children of the applicant, subject to certain conditions.
Benefits
When receiving a Maltese passport, everyone automatically becomes a citizen of the European Union and receives such privileges as:
- the ability to travel throughout the EU and Schengen countries, including the UK;
- free entry to 160+ countries without a visa or with the issuance of a visa at the airport upon arrival;
- obtaining the same status by next of kin and the possibility of transferring it by inheritance;
- doing business in the EU and on the territory of the Republic; comfortable tax policy;
- medicine and education in accordance with European standards;
- low crime rate and much more.
Thus you get the right to live in a beautiful country with rich culture, historical traditions and mild comfortable climate. Also Malta second passport is allowed here.
St. Lucia’s Citizenship by Investment Program
This is not the first year the program has been in place, and it helps to increase the country’s budget revenues through transfers from foreign investors. To do this you must:
- to buy residential real estate worth $300 thousand and more;
- contribute to the national economic fund of the country not less than $100 thousand;
- invest $1 mln in a local company;
- buy government bonds worth $ 300 thousand and pay an administrative fee of $ 50 thousand.
Based on your financial capabilities, you can choose any of the options.
Requirements
The requirements for a local passport applicant are the same as those for other countries in the Caribbean region, namely: age of majority, legitimate income, availability of sums necessary for investment, clean reputation. Family members must also have a clean record with no criminal convictions or prosecutions. It is also important to provide truthful information to increase your chances of participating in the St. Lucia citizenship by investment program and receiving the coveted passport. Along with it, numerous bonuses await you.
Benefits
Let us name the main advantages of moving to this island state:
- visa-free visits to 146 of the world, including Schengen states, Britain and others;
- convenient air links with Europe and the United States;
- a decent level of education and health care;
- comfortable living conditions, safety;
- excellent environmental situation;
- good prospects for business.
It should be noted that St. Lucia’s second passport is absolutely legal.
Key differences between programs
If you compare the terms of the two programs, you can see some differences. So the Malta program will be more expensive than St. Lucia. In addition, the latter has more investment options for legal relocation. As for the requirements, they are very similar, plus a few extra points for the Republic of Malta. Note that the benefits of moving to any of the Caribbean countries are the same. Which means you need to study, analyze and decide once again.
Conclusion
When the choice is made, you should take care of the legal side of the issue and collect the necessary documents. For this purpose, it is recommended to seek advice from immigration specialists. They will not only provide information support, but also help with the whole process, which is very convenient. In more detail this question is opened on a site immigrantinvest.com. A promising future and brilliant opportunities for a comfortable and interesting life in the countries of the Caribbean region can become a reality for your family, not a distant dream.
