Why choose St. Lucia?
Nestled in the Eastern Caribbean, St Lucia is a sovereign Island Nation. It is popular for scenic mountain beauties, Mount Gimie and the Pitons. It is home to luxurious beaches and rainforests. St. Lucia is a hot-spot for tourists and a welcoming nation for investors. Whether you like to travel, invest, retire or live abroad read through to see why St. Lucia is your All-in-one option.
Heritage to a culture, a mix of African, English and French St Lucia brings a flavoursome uniqueness to the Caribbean islands. The tropical weather, mountainous landscape, luxurious beaches are not only what this island nation offer.
St Lucia has an educated workforce and developments in infrastructure in roads, communications, and water supply, sewerage and port facilities have attracted significant foreign investment especially in offshore banking and tourism industry, which is Saint Lucia's main sources of revenue
The capital city (Castries) is located in the northern section of the island and represents approximately 40% of the population. Other major population centers include Vieux-Fort and Gros-Islet. The manufacturing sector is the most diverse in the Eastern Caribbean area.
Let’s explore why you should live in St Lucia.
The St Lucia, Citizenship by Investment programme
Established in 2015 under the regulations of the Citizenship by Investment Bill 2015, Saint Lucia is the newest addition to the Citizenship by Investment programme compared to its neighbours, St. Kitts & Nevis, Antigua and Barbuda, Dominica and others.
Hence, it can be safely said that it brings with it the most practical and well-balanced solutions if you decide to invest in the Caribbean. Saint Lucia, nestled in the Atlantic Ocean offers tropical returns of the region, the sun, sea, sand and opportunities in business, education and real estate.
Why should you invest in Saint Lucia?
The St. Lucia, Investment by Citizenship programme has brought-in the best practices and likely the most engaging opportunities for you learning from its neighbours. The Citizenship by Investment Board is committed to making the programme the most efficient for investors while providing unmatched benefits for the country and its people.
Saint Lucia recognises dual citizenship, which means you don’t need to renounce your citizenship in your home country. Also it provides new avenues for business expansion and tax relief whilst offering you many other benefits.
- Expedited application processing
- Inclusion of dependent children under 25
- Inclusion of dependent parents above 65 who are currently residing with the applicant.
- Inclusion of mentally or physically challenged dependent children and/or parents.
- 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 120 countries, including the Schengen Zone, the UK, India and Hong Kong
- No tax on worldwide income.
Positioned to attract the most elite applicants the programmes have limited application numbers and raising the overall net worth requirement. To qualify for citizenship in Saint Lucia, applicants must be of outstanding character, hold no criminal record and have excellent health whilst fulfilling one of the four investment options.
1. National Economic Fund Contribution
High net worth individuals may choose to make a monetary contribution to the NEF organisation via one of the prescribed contribution levels. The investment starts from US$100,000 for a Single applicant and US$190,000 for a Family with up to 3 dependents (spouse + 2 children).
2. Real Estate Investment
Applicants may purchase property valued at a minimum of US$300,000 in a pre-approved real estate development area. The property must be owned and maintained for a minimum of five years. Property registration, processing fees and taxes must be paid in addition to the property purchase.
3. Government Bond Investment
Upon approval an applicant and accompanying family may opt to invest in Saint Lucia government bonds, which must be held for five years. The bond amount will vary depending on the size of the family. A single applicant will be required to purchase bonds worth of US$500,000 whilst S$550,000 will be required for a family with up to 3 dependents (spouse + 2 children). The government bond option carries an administration fee of US$50,000 per application.
4. Enterprise Project Investment
Applicants may invest a minimum of US$3.5 million in an approved enterprise project and create at least three jobs. Two applicants may share an investment of US$6 million and create six jobs to qualify. Approved enterprise projects must fall under one of the following categories: specialty restaurants, cruise ports and marinas, agro-processing plants, pharmaceutical products, ports, bridges, roads and highways, research institutions and facilities, or offshore universities.
Appointed by the government of St Lucia, Global Citizenship Advisory Partners Inc, is an authorised marketing agent for the promotion of Saint Lucia’s Citizenship by Investment Programme. It has its head office located in UK and a representative office in St. Lucia.