HSI Bulletin, April 2021, Vol. 9
WHY DO YOU NEED A SECOND PASSPORT?
A second passport is a gateway to a host of immigration related opportunities. From allocation of overseas assets, the planning of your children’s education to overseas listing enterprises, it could provide solutions to what some primary passports could not. Even with the global CRS crisis, a well-placed 2nd passport is powerful enough to withstand the risk of asset devaluation caused by global economic instability, provides unimpeded travel by breaking down international access barriers and restrictions, and eliminates the need for frequent visa applications. Ultimately granting efficient travel and high mobility to the passport holder.
WHY SMALL ISLAND NATION PASSPORTS ARE NOW PREFERRED?
Compared to larger countries, small nation passports are now deemed as more advantageous as they include benefits such as fewer restrictions and more flexible investment systems. They are considered to be easier to apply as there are almost no requirements for the applicant’s age, education status, and language skills. In terms of the application process, the preparation of application documents is relatively simple, and the approval speed is fast (Homestead Success successfully processed an application at a record 54 days) with high success rate. After the main applicant is successfully processed and attained the passport, the spouse and children can easily follow suit. Applicants from some countries, such as Saint Lucia, also allow other immediate family members (e.g., parents, siblings, etc.) to do the same. These non-discriminatory and fast citizenship immigration programs are what made small island nation passports a hit.
WHY CHOOSE A SAINT LUCIA PASSPORT?_________
Saint Lucia CIP currently ranks top in the Caribbean region and has been growing steadily for nearly 6 years since its official launch in the late 2015. For the past 3 years, it has seen more mainland Chinese flocking its way. With just a minimum investment of US$300,000 in its approved real estate CIP projects, one can receive a Saint Lucia citizenship. At the same time, new who have obtained Saint Lucia citizenship can choose a new name for their identity, thus providing the best protection for investors’ personal
information. In addition, being a member of the Commonwealth, Saint Lucia passport holder receives preferential treatments that are enjoyed by Commonwealth citizens. The country is also a well-known holiday destination for the rich in North America and internationally. The World Bank predicts that Saint Lucia’s economic growth is expected to reach 8.1% in 2021, which will lead to a sharp increase of investment value for real estate projects on the island. Together with its rigorous due diligence process, a Saint Lucia passport would soon become one of the most coveted in the world.
WHY PEARL OF THE CARIBBEAN IS THE WAY
TO THE BRIGHTER FUTURE?
Homestead Success is the exclusive promoter for CIP approved projects within the nation building development – the Pearl of the Caribbean in the south of Saint Lucia. All its projects from the development’s 3 sites have received strong support and endorsement from the government and its investors, where it is set to transform the island into a “mini-Singapore”. At present, the Alpina Saint Lucia Hotel and Alpina Square projects are being developed and they offer multiple types of real estate options to investors, whether as an investment or 2nd home. Investment into any of these properties coupled with a passport is definitely the window to a host of financial and lifestyle
CURRENT EXCHANGE RATE AS OF 23 APRIL 2021
1 USD = 2.7XCD 1 USD = 6.50RMB
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