CBI Index Recognizes St Lucia as Third in Ranking
St Lucia has taken third place in the CBI Index, ranking 13 countries with operational citizenship by investment programs.
About the CBI Index
The CBI Index is published annually by Private Wealth Management magazine, a publication of the Financial Times, and in partnership with CS Global Partners. The index ranks jurisdictions across nine pillars, including Freedom of Movement, Standard of Living, Minimum Investment Outlay, Mandatory Travel or Residence, Citizenship Timeline, Ease of Processing, Due Diligence, Family and Certainty of Product.
St Lucia’s Achievements
St Lucia was recognized for its affordable minimum investment outlay, reasonable mandatory travel or residence requirements, and ease of application processing. The country scored 87% overall and 9 out of 10 for Due Diligence, Citizenship Timeline, and Family.
Certainty of Product Pillar
St Lucia scored 8 out of 10 in the Certainty of Product pillar, which encompasses factors such as longevity, popularity and renown, stability, reputation, and adaptability. The country’s Economic Fund was noted as a way to invest in social interventions and assist the country in being food secure.
Freedom of Movement Pillar
St Lucia scored 7 out of 10 in the Freedom of Movement pillar, which looks at the average time taken for citizenship to be secured and the ease of obtaining freedom of movement.
Conclusion
St Lucia’s achievement in the CBI Index is a testament to the country’s commitment to its citizenship by investment program. The program’s due diligence processes, ease of application processing, and investment options make it an attractive choice for investors.
Frequently Asked Questions
- What is the minimum investment required to become a citizen of St Lucia?
- A minimum investment of US$100,000 through the National Economic Fund is required.
- What are the requirements for mandatory travel or residence?
- There are reasonable requirements, but busy entrepreneurs are not required to stay in the country for prescribed periods of time.
- What is the timeline for citizenship application processing?
- The application process typically takes 90 days.
- How does St Lucia’s CBI program compare to others in the region?
- St Lucia ranks alongside Antigua and Barbuda, Dominica, Grenada, and St Kitts and Nevis in terms of its CBI program.
- How can investors get more information about the CBI program?
- The full CBI Index can be downloaded here, providing further insights into the CBI industry and a full evaluation of the CBI programs of the 12 other jurisdictions in the rankings.
Disclaimer
This article does not provide personalized financial advice and should not be construed as a recommendation to purchase any investment products or securities.
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