St Lucia entered citizenship by investment market in 2015, while Dominica is most popular CIP program running since 1993. As of 2017, both the programs cost $100,000 for their passports. One big difference is real estate is cheaper in Dominica costing $200,000.
But what is the main difference between Dominica and Saint Lucia citizenship by investment passport programs? Lets take a look below..
St Lucia |
Dominica |
|
| Economic citizenship by investment programme started in | 2015 | 1993 |
| National Fund (one time donation) | $100,000 (donation)
1. Applicant applying alone: $100,000 2. Applicant applying with spouse: US$165,000 3. Applicant applying with spouse and up to two (2) other qualifying dependents: US$190,000 4. Each additional qualifying dependant, of any age: US$25,000 |
$100,000 (donation)
1. Single Applicant: a non-refundable contribution of US$ 100,000 is required 2. Main Applicant and Spouse: a non-refundable contribution of US$ 175,000 is required 3. Applicant with up to three dependents (Applicant plus spouse and two children below the age of 18): a non-refundable contribution of US$ 200,000 4. Applicant with up to four dependents or more (Applicant plus spouse and more than two children below the age of 18): a non-refundable contribution of USD 200,000 (plus USD 50,000 for each additional dependent). |
| Passport rank | 37th in world passport rankings* | 41st in world passport rankings* |
| Visa free travel | 125 countries * | 119 countries * |
| Processing time | 3 months | 4 months |
| Real estate | $300,000 | $200,000 |
| Government bonds | $500,000 | option not available |
| Business Enterprise | $1,000,000 (joint venture) | option not available |
| Passport valid for | – | 10 years |
| Visa not required | United, Kingdom, Argentina, Chile, EU schengen states, Singapore, Hong Kong, Israel, South Korea, Switzerland, India, Iran, Egypt | United Kingdom, EU Schengen states, Singapore, Hong Kong, Israel, South Korea, Switzerland, India, Iran, Egypt |
| Visa required | United States, Canada, South Africa, Brazil, Australia, New Zealand, Thailand, Russia, China, Japan | United States, Canada, Brazil, Argentina, Chile, South Africa, Australia, New Zealand, Thailand, Russia, China, Japan |
| Dual citizenship | allowed | allowed |
| Personal visit | not required | not required |
| Residence requirements | none | none |
| Due Diligence fees |
Principal applicant:
US $7,500
Each qualifying dependant (Over 16 years of age):
US $5,000
|
Main Applicant – USD 7,500* Spouse – USD 7,500 Dependant aged 16 years and above – USD 4,000 |
| Population | 184,999 | 72,324 |
| GDP |
$1.4 billion
|
$521 million |
| Geography |
Saint Lucia is more mountainous than other caribbean islands.
|
Dominica is called “Nature Isle” full of waterfalls, rain forests, mountains. |
* Henley visa restrictions index 2016
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We assist clients with citizenship by investment in Dominica and Saint Lucia. Please contact us for a free quote with private consultation or call +41 71 577 46 23 .
