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St. Lucia

Citizenship by Investment Program

St. Lucia

Citizenship by Investment Program

St. Lucia, an independent Commonwealth State since 1979, is an ascenic Eastern Caribbean island. It showcases picturesque mountain landscapes, including landmarks like Mount Gimie and the famous Pitons. As a member of the United Nations, OECS, and CARICOM, its currency is the East Caribbean Dollar (XCD), pegged to the US Dollar. The nation has seen significant growth in infrastructure, education, and industries, drawing foreign investments, particularly in tourism and offshore banking. Tourism accounts for 65% of its GDP and remains a key employment generator.

Requirements

The St. Lucia Citizenship-by-Investment Program offers an opportunity for applicants to make a significant financial investment in exchange for citizenship, extending to the applicant and their family members.

To qualify for citizenship, the primary applicant should be over 18 years of age, meet due diligence requirements, and select one of the following four investment options:

  • A non-refundable donation to the National Economic Fund starting from USD 100,000.
  • Purchase of non-interest-bearing government bonds from USD 250,000.
  • Acquisition of qualifying real estate with a minimum value of USD 300,000 in a government-approved project.
  • Investment in an approved enterprise project for a minimum amount of USD 3.5 million and the creation of at least three permanent jobs.

Investment Options

Donation

The National Economic Fund (NEF) under the Citizenship-by-Investment Act collects contributions for government projects. The main applicant can include family members like spouses, childrenunder 21, financially dependent adult children (21–30), and parents or grandparents (above 55, dependent on theapplicant)

Real Estate

Investment in approved real estate of at least USD 300,000 is an option. The property cannot be sold for five years or until the project is substantially completed.

Government Bonds

A COVID-19 Relief Bond is available until December 31, 2021. For families of up to four, the cost is USD 250,000, with varying hold periods: five years for a single applicant, six years for a couple,and seven years for a family of four. The family bond period can be reduced to five years with a USD 300,000 bond purchase.Administrative fees of USD 30,000 apply, along with standarddue diligence and passport fees

Process Overview

The government will approve citizenship within three to fivemonths of an application submission, assuming theapplicationhas no areas of concern.

Taxation

St. Lucia’s individual income tax is progressive, ranging from 10% to 30%, with no capital gains or inheritance taxes.

Non-residents are only taxed on income earned within St. Lucia,while residents are taxed on worldwide income.

The corporate tax rate is 30%, with potential reductions for certain companies based in St. Lucia.

Sales tax stands at 12.5%, and property tax is at 0.25% for all properties.

Dual Citizenship

St. Lucia has no restrictions on dual citizenship.

MILESTONES

Month 1

Initial due diligence.

Sign client agreements,complete government forms, and provide supporting documentation.

Months 2–3

Application submitted.

Government processes and completes due diligence

Months 4 – 5

Upon approval, a contribution is made, real estate is completed,and the passport is issued.

Interested & want to know more details?


StLucia citizenship by investment plan expenditure table
StLucia citizenship by investment plan expenditure table

Summary of Key Advantages

  • Visa-free travel to 147 countries, including the EU, the UK,Singapore, and Hong Kong.
  • Full citizenship with a passport granted to the main applicant,spouse, children, parents, or grandparents.
  • The required donation starts at USD 100,000.
  • Offers citizenship by descent for future children.
  • The lowest capital outlay for a single applicant among all Caribbean programs.
  • There is no minimum presence requirement.
  • A stunning natural landscape, featuring palm-fringed beaches, unspoiled rainforests, and majestic Piton Mountains, provides a delightful living experience.
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