Citizenship by Investment
St. Lucia grants dual citizenship, offers several business and residential advantages and is available
through four diverse investment options.
Established in 2015, the Caribbean’s newest Citizenship by Investment Programme has learned from other countries and selected only the best practices. It offers dual citizenship, visa-free access to over 120 countries, no tax on worldwide income, a bilateral investment treaty with the UK and Germany, full residence status, no residency requirements and a currency pegged to the US Dollar.
Applications generally are processed in three months and St. Lucia has masterfully positioned its Citizenship by Investment Programme in 2018 to offer one of the most attractive and cost effective programmes for families and single applicants alike in CARICOM. To qualify, the applicant must meet the minimum requirements for one of four options – three of which offer return on investment.
Investment Options
National Economic FUnd
The National Economic Fund is the most affordable investment option offered by St. Lucia and is devised specifically to channel qualifying one-time contributions to fund government sponsored projects to develop key areas of industry. The Minister for Finance is required each financial year to gain approval from Parliament for the allocation of funds to strengthen the economy and well-being of St Lucia.
To be paid in US Dollars:
$100,000 for the main applicant.
$165,000 for an applicant and spouse.
$190,000 for an applicant, spouse and up to two dependents.
$25,000 for each additional dependant.
Real Estate
Tourism is a lucrative and vital industry to the economy of St. Lucia, making investment into approved real estate highly valuable – coming in the form of either high-end branded hotels and resorts, or boutique properties. Real estate has no residency requirements but must be held and maintained for five years. This will be an option for our customers shortly.
To be paid in US Dollars:
$300,000 minimum property investment.
$50,000 for the main applicant.
$35,000 for a spouse.
$25,000 for each dependant under the age of 18.
$35,000 for each dependant over the age of 18.
Enterprise Projects
Along with dual citizenship, St. Lucia provides an enticing opportunity for investors to bring additional business to the island. Approved business ventures include: speciality restaurants, cruise ports and marinas, agro-processing plants, pharmaceutical products, ports, bridges, roads and highways, research institutions and facilities, and offshore universities.
To be paid in US Dollars:
$3,500,000 minimum for a sole applicant
Sole ventures must create at least 3 jobs
$6,000,000 minimum for a joint venture.
At least $1,000,000 contributed per applicant.
Joint ventures must create at least 6 jobs.
Government Bonds
Unique amongst CARICOM Citizenship by Investment programmes are St. Lucia’s non-interest bearing Government Bonds. Your investment capital – which immediately grants you lifetime citizenship – will be held and returned after five years, making this a simple, efficient and exceptional value proposition.
To be paid in US Dollars:- $500,000 for the main applicant.
$535,000 for an applicant and spouse.
$550,000 for an applicant, spouse and up to two dependants.
$25,000 additional qualifying dependants.
$50,000 administration fee per application.
Investment Programme Processing Fees
Processing Fees:
Main applicant: $2,000
Per qualifying dependant: $1,000
Due Diligence Fees:
Main applicant: $7,500
Per applicant over the age of 16: $5000
About St. Lucia
GEOGRAPHY
A landmass of 315 sq. kilometres, St. Lucia’s coastline features majestic natural harbors with soft-sand beaches, accompanied by a pleasant tropical climate – a daytime average of 29°C. The dramatic landscape is dominated by its most famous landmarks, the twin peaks of Gros Piton and Petit Piton – a World Heritage Site – with dense rainforest inland and Mount Gimie at 950 metres elevation.
ECONOMY
In 2015 St. Lucia recorded a GDP (PPP) of US$2.03 billion, split between three sectors of agriculture (2.7%), industry (15.3%) and services (82.1%). The island uses the East Caribbean Dollar and has access to an educated workforce of 90.1% English literacy. St. Lucia has attracted foreign investment in offshore financial services and tourism continues to drive the economy and model development of the island.
Culture and Heritage
Since gaining independence in 1979, St. Lucia has become a parliamentary democracy with a population of 163,000; the capital is Castries and the island’s official language is English – though 95% of the population also speaks French Patois. St. Lucia offers an accommodating lifestyle with vibrant culture and serene nature, and a friendly community in a safe, low crime-rate environment. The demographic is formed by a majority black/African ethnic group (85.3%), mixed (10.9%) East Indian (2.9%) other (1.6%) – the largest age group being 25-54 (42.9%).
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