Retirement planning is a crucial aspect of life; therefore, wealthy individuals begin to prepare for their golden years in their thirties. Early planning can ensure they and their families enjoy a wealthy retirement while having access to top-notch health care, safety and security. Investing overseas is a great way to diversify an investor’s portfolio and increase returns, while allowing them to retire abroad to a safe country with plenty of tourist attractions and affordable living.
With the global investment industry expanding at an annual rate of 23%, there is an increase in demand for Residency by Investment (RBI) and Citizenship by Investment (CBI). It has improved by 65% in 2022 alone, with Saint Lucia, Saint Kitts and Nevis and Dominica recognized as the most renowned CBI programs in the GCC, while Portugal, Malta and Spain are among the best known RBI programs. However, for a retirement plan, Saint Lucia, a Caribbean island, ranks first.
Saint Lucia: a fast and flexible citizenship-by-investment program
Saint Lucia’s Citizenship by Investment program allows foreign investors to obtain a Saint Lucia passport within four to six months in exchange for an investment in the country’s economy. It is a highly sought-after program, ranked in the top five CBI programs based on the access to travel it gives its holder.
The Caribbean country of Saint Lucia offers one of the world’s fastest, most flexible and easiest citizenship through investment programs; offering non-resident entrepreneurs a direct way to obtain dual nationality and a powerful and reliable second passport. Saint Lucia is the maritime alternative for the entrepreneur who wants to continue to make a fortune even after retirement.
How does Saint Lucia citizenship benefit your future?
The country welcomes foreign investment and has a massive market and a favorable economic environment. On the island of Saint Lucia, there are many investment opportunities, especially in real estate. Many wealthy individuals and families have invested in the country and created properties to diversify their portfolios over the past few years.
Saint Lucia’s tax laws are also attractive. In Saint Lucia, there is no tax on capital gains, inheritance, wealth, aggregate income and assets. The country’s government has focused on tax rules that approve foreign direct investment and as a result, it has been able to use the spinoffs to introduce new technologies and improve infrastructure to become a globally competitive nation.
When it comes to retirement, health care is an important factor to consider. Saint Lucia, fortunately, has an excellent health care system. All cities and towns in Saint Lucia have health and wellness facilities that provide quality medical care to all citizens and residents.
When obtaining a Saint Lucia passport, there is no need to worry about residency requirements or visa formalities if individuals and their families decide to reside on the island. Investors who obtain Saint Lucia citizenship enjoy the same rights and social benefits as locals while living in the country. Therefore, investing in a second Saint Lucia passport is an excellent choice for investors who want to retire abroad and enjoy all the conveniences.
Benefits of retirement in Saint Lucia
With citizenship of Saint Lucia, the investor can retire on the island and an old age pension is paid monthly. The old-age pension is calculated at 40 per cent of the insured person’s average pensionable earnings during the best five years of contribution, plus 0.1 per cent for each month over 180 months. If a person has contributed for less than 180 months, he is entitled to an age allowance.
Simple investment options to dual citizenship
Saint Lucia citizenship investment options that allow applicants to become citizens of the nation are simple – a minimum investment of $100,000 into the National Economic Fund (NEF), which was established to receive investments to fund government-sponsored projects on the island.
Applicants can also obtain citizenship by purchasing government-approved property with a minimum value of $300,000 that must be owned and maintained for at least five years after the grant of dual citizenship.
Find professional advice
Bluemina Citizenship and Residency is one of the leading international citizenship and residency-by-investment companies, and a respected and established partner in the industry. Through their trained advisors, they offer a variety of personalized professional services to guide and assist investors and families in acquiring a second passport, residency or golden visa through investment. The global company has helped more than 12,000 high net worth individuals, investors and high net worth families since its inception in 1997.
To learn more about your options for obtaining a second citizenship, apply here for legal advice.
For more information, please visit:www.bluemina.com