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Saint Lucia Citizenship by Investment Program

QUICK FACTS

  • Island nation in the Easter Caribbean
  • St Lucia is 43 km long and 23 km wide
  • Population: 165,000
  • Major Language: English
  • GDP: USD 2.4 bil
  • GDP per capita: USD 13,500
  • The economy of the country is based on tourism and export of bananas. Nevertheless, the island has been able to attract foreign business and investment, especially in its offshore banking

Passport of Saint Lucia allows visa-free access to over 120 countries, including the Schengen area states, UK, Hong Kong and Singapore. The citizenship allows investors to efficiently manage their assets, as there is no tax on worldwide income.

Amount

There are four main options:

- National Economic Fund Contribution Investment of USD 100,000 for a single applicant;
USD 165,000 – main applicant with spouse;
USD 190,000 – family with up to 3 dependents;
USD 25,000 – each additional dependent;

OR

- Real Estate Investment Purchase of a property with a price of minimum USD 300,000 (the property should be owned for a minimum of 5 years);

OR

- Government Bond Investment
The following amounts should be invested in St Lucia Government Bonds that must be held for 5 years:
USD 500,000 – single applicant
USD 535,000 – single applicant with spouse;
USD 550,000 – family up to 3 dependents;
USD 25,000 – each additional dependent;

The above-mentioned fees do not include the additional administrative fees of USD 30,000 for due diligence and processing the applicant’s documents.

Timeframe

The passport in acquired in 3 months.

Due diligence

Light due diligence process.

Main benefits

  • St Lucia’s citizenship program is open to all nationalities;
  • Visa-free access to the Schengen area states, UK, Hong Kong and Singapore;
  • No physical residency is required;
  • No tax on worldwide income;
  • Relatively low cost;
  • The program is quiet, reserved and diligent – it does not have a bad reputation;
  • No language test.

Potential disadvantages

Some banks look suspiciously at the passport of the Caribbean states, so one might experience problems with opening bank accounts worldwide.

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