St. Lucia
St Lucia is a dynamic and developing economy in the caribbean, it is among the best places to invest. It lies in the eastern Caribbean Sea, northwest of Barbados and south of Martinique. Saint Lucia has inherited decades of experience from its Caribbean neighbours. Vibrant, discerning and alluring, Saint Lucia offers all the tropical benefits of the region while remaining exclusive, authentic and engaging.
Quick Facts About St. Lucia
Capital: Castries
Passport Rank: 34
Population: 1.84 lakhs
Language: English
Visa Free Travel: 100+ Countries
Qualifications
Citizenship by Investment Board is committed to making the program the most efficient for investors while providing unmatched benefits for the country and its people. To qualify for citizenship in Saint Lucia, applicants must fulfill one of the investment requirements below in addition to the following criteria:
Be of outstanding character.
Hold no criminal record.
Have excellent health.
INVESTMENT OPTIONS
Saint Lucia recognizes dual citizenship, which can prove advantageous for business expansion and tax relief. There are four types of investment that qualify an individual for citizenship under the St Lucia Citizenship by Investment Program.
Citizenship by Investment Board is committed to making the program the most efficient for investors while providing unmatched benefits for the country and its people. To qualify for citizenship in Saint Lucia, applicants must fulfill one of the investment requirements below in addition to the following criteria:
Contribution to the National Economic Fund (NEF)
This can be done by making a donation as mentioned below:
Single applicant – US$100000
Main applicant with spouse – US$165000
Family with up to 3 dependents (spouse + 2 children) – US$190000
Each additional dependent – US$25000
The property purchased must equal a minimum of US$ 300,000 in a pre-approved real estate development area. The investment must be maintained for a minimum of 5 years. Property registration, processing fees and taxes must be paid in addition to the property purchase.
There is option to invest not less than US$3.5 million in some approved enterprise project and lead to creation of at least three jobs. A shared investment of US$6 million and creation of six jobs can also be done by two applicants. Approved Enterprise projects include roads and highways, ports, bridges, specialty restaurants, agro-processing plants, pharmaceutical products, cruise ports and marinas, research institutions and facilities, or offshore universities.
Applicant can make investment in government bonds for at least five years. The investment amount is dependent on number of family members.
Single applicant – US$500000
Main applicant with spouse – US$535000
Family with up to 3 dependents (spouse + 2 children) – US$550000
Each additional dependent – US$25000
An administration fee of US $50,000 is charged per application for investing in Saint Lucia government bonds.
BENEFITS OF OBTAINING ST. LUCIA CITIZENSHIP
Fast processing within three months.
Inclusion of dependent children under 25.
Inclusion of dependent siblings of the main applicant who have no children and are under 18.
Inclusion of mentally or physically challenged dependent children and/or parents.
Inclusion of dependent parents above 65 who are currently residing with the applicant.
No physical residency requirements.
No requirement to travel to Saint Lucia during the application process.
No interview education or managerial experience required.
Visa-free travel to more than 100 countries including the Schengen Zone the U.K. and Hong Kong.
No tax on worldwide income.