If you’re considering foreign investment in an island country, exotic Malta appeals to many investors from non-European countries. They see excellent prospects for comfortable work, study, and residence in the Republic. Alternatively, St. Lucia is a picturesque volcanic island with a mild climate and perfect ecology. It has excellent living and working conditions, high security, and many other advantages that attract wealthy foreigners who want to change their residence and get a new passport.
If you want to get permission for legal residence, business, and various privileges in the Caribbean region, you should take part in an investment program. According to Zlata Erlach, an expert at Immigrant Invest, it is necessary to complete specific documentation and invest a certain amount of money in its economy. Let’s compare the requirements and benefits of immigration to Malta or St. Lucia to understand which choice will be better for your family.
Malta citizenship program for foreign investment
There is an easy way for foreigners to immigrate to the Republic. It is Malta citizenship by investment. You need to finance a private organization, a national foundation, or purchase a local property to become a participant in the program. Be ready to spend at least 690,000 euros. Renting a place for 12,000 euros for 1-3 years is allowed. In addition, you will have to pay some fees for yourself and close relatives included in the application and plan to move to this paradise island.
Requirements
An applicant who wishesto move legally to Malta needs to fulfill several conditions, such as:
- be of legal age;
- have no criminal record and be free from sanctions in his home country and other countries of the world;
- be able to prove the legality and stability of their income;
- provide accurate information about himself and his family;
- be ready to contribute 690,000 euros or more to the local economy.
If all conditions and requirements are met, you can contact an immigration agency for consultation and support at the time of participation in the program. More detailed information on this issue is available at immigrantinvest.com.
Benefits of investment
Upon successful completion of the Malta citizenship by investment program, the investor moves to an EU country and automatically receives these benefits:
- free entry to 160+ countries without visas or with visa on arrival;
- the ability to travel freely within the EU and Schengen countries, including Britain;
- doing business in EU countries and in the territory of the Republic;
- loyal taxation;
- medical care and education according to European standards;
- opportunity to move the whole family for a comfortable life;
- low crime rate;
- mild climate, clean air, and beautiful nature.
There are other advantages, which you will learn about during the process of document preparation and communication with consultants of the migration company.
St Lucia citizenship program for foreign investment
The popular St Lucia citizenship program has been successfully operating for several years. To participate in it and get a positive result, an investor needs to:
- purchase $300,000 or more in local real estate;
- make an investment of $1,000,000 or more in a local business;
- contribute at least $100,000 to the St. Lucia National Economic Fund;
- buy $300,000 worth of government bonds and pay a $50,000 administration fee.
It is possible to choose any of the options according to the desire and financial possibilities of the investor. Investing in a developed stable company, the applicant is eligible to live in a new environment with the prospect of developing and expanding his activities.
Requirements of foreign investment and citizenship
Legal age, legitimacy of income, availability of amounts required for investment, and impeccable reputation of the applicant and all his family members are the conditions that must be met to participate in the local CBI. It is also important to provide truthful information to increase the chances of getting the coveted passport
Benefits
The key advantages you will get after moving to the beautiful island are:
- Visa-free travel to 140+ countries around the world;
- comfortable air communication with Europe and the USA;
- decent living conditions and a high level of security;
- good education and health care;
- excellent business prospects.
There is also a great ecology here, which is important for many foreigners.
Programs comparison
If we make a comparison of the CBI conditions of the above-mentioned Caribbean countries, we can see some differences. Malta’s program is more expensive than Saint Lucia’s. However, the latter has more investment options. As for the requirements and conditions, they are very similar. The benefits of moving to any Caribbean country are almost the same. Therefore, you can get, for example, a Saint Lucia passport by investment or a Maltese residence permit to realize your plans on the islands.
Conclusion
Malta citizenship by investment or Saint Lucia residency – your choice can be different, but if it is difficult to decide, seek consultation with immigration specialists. They will provide information support and help you with the whole process until you get approval from the local authorities. A promising future and brilliant opportunities in the Caribbean could become your reality in the coming months.
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