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St. Lucia

Welcome to Saint Lucia's

Citizenship By Investment Program

  • Visa-Free Travel: With Saint Lucian citizenship, you can enjoy visa-free or visa-on-arrival access to over 160 countries, including the UK, Schengen states, and many other desirable destinations.
  • Dual Citizenship: Saint Lucia allows dual citizenship, so you don’t have to give up your original nationality. You can enjoy the benefits of being a citizen of Saint Lucia while retaining your ties to your home country.
  • Tax Benefits: Saint Lucia offers a favorable tax environment with no personal income tax, capital gains tax, inheritance tax, or wealth tax. This can lead to significant financial advantages for individuals and businesses.
  • Economic Opportunities: The citizenship by investment program allows you to participate in Saint Lucia’s growing economy and explore business opportunities in sectors like tourism, agriculture, and finance.
  • Family Inclusion: The program allows you to include your spouse, dependent children, parents, and even grandparents in your application, ensuring that your entire family can benefit from Saint Lucian citizenship.
  • Speed and Simplicity: The application process is efficient, with a relatively short processing time, typically around 4 months. You can obtain your Saint Lucian passport without the need for long residency requirements.
  • Commonwealth Membership: As a member of the Commonwealth, Saint Lucia citizens enjoy certain investment privileges and connections with other member countries, expanding their global economic prospects.

 

Saint Lucia’s citizenship by investment program offers a wealth of advantages, from affordability and stability to natural beauty and economic opportunities. It’s a strategic choice for those seeking a second citizenship that provides security, freedom of travel, and favorable tax conditions for themselves and their families.

1. Capital

Castries

2. Population

183,591

3. Total Area

617 km²

4. Currency

East Caribbean Dollar

About Saint Lucia

Saint Lucia, situated in the eastern Caribbean Sea, is a captivating island known for its stunning natural beauty. The island is graced by lush rainforests, enchanting beaches, and the iconic Pitons, which are twin peaks that dominate its skyline.

As a member of both the Commonwealth and CARICOM, Saint Lucia enjoys excellent air connectivity to Europe and North America, making it a well-connected and accessible destination for travelers and investors alike.

Economic Overview

Saint Lucia’s economy is anchored by a strong legal and commercial infrastructure, a history of private-sector entrepreneurship, and a well-educated workforce. Key sectors contributing to the economy include tourism, banana production, and light manufacturing. In recent years, the country has attracted foreign investment by improving public infrastructure and diversifying away from bananas to other commodities. The government has identified growth potential in communications and information technology for future development.

Opting for Saint Lucia’s citizenship by investment program means more than just acquiring a passport; it signifies an investment in a brighter future for you and your family. Join the ranks of those who have embarked on a path toward a more prosperous and secure future with Saint Lucia.

Geographical Location and Climate

Saint Lucia is located in the eastern Caribbean Sea, positioned to the northwest of Barbados and to the south of Martinique. It is part of the Windward group of islands in the Lesser Antilles. The island’s topography is characterized by forested mountains that run from north to south, with Mount Gimie being the highest peak, reaching an elevation of 3,145 feet.

The island enjoys a tropical maritime climate, benefiting from the consistent northeast trade winds. Precipitation and temperature levels vary with elevation. Along the coast, the average annual precipitation is around 51 inches, while inland areas can receive as much as 150 inches of rainfall annually. The climate features a distinct dry season from January to April, followed by a rainy season that typically spans from May to November.

Language and Culture

English serves as the official language of Saint Lucia, ensuring smooth communication in both business and travel contexts. However, the cultural fabric of the island is enriched by Saint Lucian Creole, a Creole language with French roots, which is widely spoken and reflects the island’s historical ties to France.

Saint Lucia’s culture is vibrant and celebrated through various colorful festivals. The Saint Lucia Jazz & Arts Festival and the annual Carnival are prominent examples, where music, dance, art, and cuisine take center stage, offering a glimpse into the island’s rich cultural heritage.

The architectural landscape of Saint Lucia is diverse and reflects its history. Visitors can explore old plantation houses, charming fishing villages, and a mix of colonial and indigenous influences that contribute to the island’s unique charm and character.

Why Choose the Saint Lucia

Citizenship By Investment Program

Fast Access to a strong Passport

The Saint Lucian citizenship by investment program offers a remarkably swift process, allowing individuals to obtain their Saint Lucian passport and citizenship in just 4 months. Additionally, it’s noteworthy that you can secure your permanent residency card without the necessity of visiting or residing on the island. This efficient and convenient approach makes obtaining Saint Lucian citizenship a streamlined and accessible option for eligible individuals.

Visa Free Travel

Being a Saint Lucian citizen comes with a host of advantages for travelers. Saint Lucia passport holders can enjoy visa-free travel to over 160 countries, which includes access to all Schengen states, the United Kingdom, and most British Commonwealth member countries. Additionally, obtaining foreign visas for countries that do require them is typically a straightforward and efficient process, making international travel more accessible and convenient for Saint Lucian citizens.

Family Safety and Security

The Saint Lucia Citizenship by Investment Program offers flexibility with no residence or visitation requirements for applicants. Moreover, the program allows individuals to include a wide range of family members in their application, including spouses, dependent children under 31, siblings under 18, and parents aged 55 and over.

With attractive investment and processing costs, this program becomes highly appealing for affluent individuals seeking the benefits of Saint Lucian citizenship for themselves and their loved ones. It provides an accessible pathway to obtaining citizenship without the need for physical presence or ongoing residency requirements.

Favorable Tax Environment

Saint Lucia’s relatively low taxation system, coupled with tax incentives, is a significant draw for investors. The country offers exemptions from certain taxes, including capital gains tax, inheritance tax, and withholding tax for resident companies. These tax benefits create a favorable environment for individuals and businesses seeking business development opportunities within Saint Lucia. It’s an attractive proposition for those looking to optimize their financial and investment strategies in a tax-efficient manner.

Favorable Tax Environment

Saint Lucia’s low to zero taxation policies on income, inheritance, wealth, and gifts offer significant advantages to its citizens. With proper tax planning, individuals and businesses can substantially reduce or even eliminate their tax obligations. This can lead to increased financial stability and provide opportunities for growth and prosperity. Saint Lucia’s favorable tax environment makes it an attractive destination for those seeking to optimize their financial and tax strategies for long-term financial well-being.

Dual Citizenship

Saint Lucia permits dual citizenship, allowing investors to retain their original nationality without encountering any legal issues or potential conflicts with their home country. This flexibility is valuable for individuals who want to benefit from Saint Lucian citizenship while maintaining their ties to their home country. It ensures that obtaining Saint Lucian citizenship does not require giving up one’s existing nationality, providing individuals with the freedom to enjoy the advantages of multiple citizenships.

Enhanced Investment Opportunities

Saint Lucia citizens, as members of the Commonwealth, enjoy certain investment privileges in the United Kingdom and other Commonwealth nations. This status opens doors to global economic opportunities and benefits, creating a network of advantages for individuals and businesses seeking to expand their reach and engage in international investment activities. The Commonwealth affiliation provides Saint Lucia citizens with valuable connections and economic prospects on a global scale.

Taxes In Saint Lucia

Saint Lucia provides a relatively straightforward taxation system for both individuals and companies. Here are the key aspects of taxation in Saint Lucia for potential expats to understand:

  1. Personal Income Tax: Saint Lucia does not impose personal income tax on individuals, making it an attractive destination for those seeking to minimize their tax obligations.

  2. Corporate Tax: For companies, the standard corporate income tax rate is 30%. However, there are various incentives and tax benefits available for businesses, such as exemptions for certain types of income and activities.

  3. Capital Gains Tax: Saint Lucia does not levy capital gains tax, offering individuals and businesses the opportunity to enjoy the benefits of capital appreciation without tax implications.

  4. Value Added Tax (VAT): Saint Lucia applies a Value Added Tax (VAT) on the sale of goods and services. The standard VAT rate is 12.5%, with certain goods and services subject to lower rates or exemptions.

  5. Withholding Tax: Saint Lucia imposes withholding tax on various types of income, including interest, dividends, and royalties. The withholding tax rates can vary, and double tax treaties may apply to reduce or eliminate these taxes in certain cases.

  6. Property Tax: Property taxes apply in Saint Lucia and are based on the assessed value of real estate properties. Rates can vary depending on the property’s use and location.

  7. Customs Duties: Customs duties are applicable to imported goods, with rates varying depending on the type of goods and their country of origin.

  8. Inheritance Tax: Saint Lucia does not impose inheritance tax, allowing individuals to pass on their wealth to heirs without a tax burden.

It’s important for expatriates and businesses considering Saint Lucia as a destination to consult with local tax authorities or seek professional advice to understand the specific tax implications that may apply to their unique circumstances. The favorable tax environment in Saint Lucia, with its absence of personal income tax and capital gains tax, can provide significant financial advantages for residents and investors.

1. Income Tax in Saint Lucia:

Expatriates residing in Saint Lucia are subject to income tax based on their residency status. Here’s how income taxation works in Saint Lucia:

  1. Resident and Ordinarily Resident: Individuals who are both resident and ordinarily resident in Saint Lucia are taxed on all income earned from sources within and outside the country. This includes income accrued globally.

  2. Resident but Not Ordinarily Resident: If you are a resident but not ordinarily resident, you will be taxed on income earned within Saint Lucia and any income remitted from abroad.

  3. Non-Residents: Non-residents are subject to income tax on income earned within Saint Lucia and received in the country from foreign sources. Saint Lucia does not impose worldwide personal income tax on international non-residents, unlike some other countries.

The income tax rate in Saint Lucia is calculated using a scaled bracket system, with rates increasing as the value of income rises. Here are the tax rates for residents:

  • Income up to $10,000 XCD is taxed at 10%.
  • Income between $10,000 to $20,000 XCD is taxed at 15%.
  • Income between $20,000 to $30,000 XCD is taxed at 20%.
  • Income over $30,000 XCD is taxed at 30%.

It’s important to note that all individual residents in Saint Lucia must file their annual taxes through the inland revenue department’s website or in person. Understanding your residency status and the applicable tax rates is crucial for complying with Saint Lucia’s income tax regulations.

2. Value-Added Tax (VAT) in Saint Lucia:

Saint Lucia’s Value Added Tax (VAT) system is relatively straightforward, with a standard flat rate of 12.5% applied to most goods and services. However, there are exceptions and reduced rates provided to specific businesses or industries. Here are some key points about the VAT system in Saint Lucia:

  1. Standard VAT Rate: The standard VAT rate is 12.5%, which is applied to most goods and services.

  2. Reduced VAT Rate: The hotel sector and related service providers benefit from a reduced VAT rate of 7%, which was introduced in December 2020. This reduction aims to support the tourism industry.

  3. VAT Exemptions: Certain goods and services are exempt from VAT. These include residential rental, education services, finance services, insurance services, medical services, local transportation, and essential items like chicken, milk, or bread. This means that no VAT is applied to these exempted items and services.

Understanding the VAT system in Saint Lucia is important for both residents and businesses to ensure compliance with tax regulations and to properly account for VAT on applicable transactions.

3. Property Tax in Saint Lucia:

Property owners in Saint Lucia are required to pay property taxes on an annual basis. The property tax rates are as follows:

  1. Residential Properties: Residential properties are subject to a modest property tax rate of 0.25% of their fair market value.

  2. Commercial Properties: Commercial properties, on the other hand, are taxed at a slightly higher rate of 0.4% of their fair market value.

These property taxes are based on the assessed value of the properties and are collected annually. Property owners should ensure they understand the applicable tax rates and comply with the property tax regulations in Saint Lucia to meet their tax obligations.

4. Stamp Duty in Saint Lucia:

In Saint Lucia, a stamp tax is imposed on legal or contractual documents, and the rates for this tax can vary depending on the type of instrument being used. When companies file legal documentation with authorities, they typically need to pay a stamp tax based on a percentage of the instrument’s value. The stamp tax rate can range from 2% to 10% of the instrument’s value, with the specific rate determined by the nature of the document or transaction.

It’s important for businesses and individuals involved in legal or contractual matters to be aware of the applicable stamp tax rates and ensure compliance with the taxation regulations in Saint Lucia. This tax is levied to cover the costs associated with the processing and recording of legal documents.

In summary, Saint Lucia presents expatriates with an appealing tax regime that combines simplicity and competitiveness. With no capital gains, inheritance, or wealth taxes, it has become an attractive destination for individuals and businesses seeking favorable tax conditions along with a high-quality lifestyle in the picturesque Caribbean setting.

To make the most of this tax-friendly environment, it’s essential for expatriates to stay informed about local tax requirements and consider consulting with a professional tax advisor if needed. By gaining a thorough understanding of the country’s tax system, expats can confidently choose Saint Lucia as their new home and enjoy all the benefits that this beautiful island has to offer.

Saint Lucia Process & Benefits

Month 1

Preparation

  1. Sign a retainer agreement for Roziere Globals to act as your legal advisor for the application and legal process.
  2. Payment of the retainer fee.
  3. Prepare the required documentation.
  4. Payment of government fees, due diligence, citizenship application and legal fees.
  5. Submit the citizenship application.

Month 2 - 3

Application Process

  1. Government due diligence process.
  2. Citizenship approval is issued.

Month 4 - 6

Receive Saint Lucia Citizenship.

 Upon receiving your citizenship approval, you can continue with your selected investment option (NEF contribution. real estate investment or Covid-19 Relief Bond investment).

  1. Take Oath of Allegiance.
  2. Citizenship Certificate of Registration is issued.
  3. Receive your Saint Lucian passport.

Saint Lucia Passport

Obtaining a Saint Lucia passport through the citizenship by investment program comes with a notable perk: access to a wide range of visa-free travel and visa-on-arrival destinations. Currently, Saint Lucia passport holders can enjoy the convenience of traveling to more than 148 countries across Europe, Asia, and the Americas.

This passport opens the door to unforgettable adventures in European Union nations, vibrant cities in Asia, and breathtaking destinations throughout North and South America. The added benefit of visa-free access and simplified entry procedures makes your travels seamless and stress-free.

With a Saint Lucia passport in hand, you can explore countries like the United Kingdom, Taiwan, Argentina, and many more without the hassle of obtaining a visa. However, it’s essential to stay informed about the specific travel regulations for each destination, especially regarding the duration and purpose of your stay, as some countries may require a visa for extended visits or specific purposes not covered by their Visa Waiver Policies.

1. Saint Lucia Visa Free and Visa on Arrival Countries:

Saint Lucia citizens enjoy the privilege of visa-on-arrival in numerous countries, making travel even more convenient. With this arrangement, travelers can obtain their visas upon arrival at the destination’s airport or border crossing, simplifying the journey.

It’s important to note that visa requirements can vary, including visa fees, allowed durations of stay, and specific requirements. However, the process typically involves completing the necessary paperwork and providing the required documents. Once these are in order, you’ll receive your visa, granting you entry into the destination country for a specified period and purpose. It’s essential to be well-informed about the specific visa regulations for each country you plan to visit to ensure a smooth and hassle-free travel experience.

2. Countries Requiring Electronic Travel Authorization (eTA):

Several countries, including Canada and Australia, have implemented Electronic Travel Authorization (eTA) as a mandatory digital document for travelers who are exempt from obtaining a traditional visa. This streamlined process allows travelers to apply online and submit necessary personal and travel information before embarking on their journey.

Upon approval, the eTA is electronically linked to the traveler’s passport, facilitating multiple entries within a specified timeframe. This efficient system enhances the ease and convenience of travel for visitors to these countries, eliminating the need for a traditional visa application process.

3. Countries That Require an Electronic Visa (eVisa):

Saint Lucia passport holders can benefit from the convenience of eVisas, which are electronic visas that can be obtained online. This eliminates the need to visit a consulate or embassy in person. Countries like India and Turkey have adopted this streamlined process. Travelers typically need to apply online, receive approval, and then present either a printed or mobile copy of the eVisa upon arrival in the destination country. This simplifies the visa application process and makes travel more accessible and efficient for Saint Lucia citizens.

Staying Up to Date on Changes in Visa-Free Access:

It’s crucial for Saint Lucia passport holders to stay informed about potential changes in visa-free travel destinations. These changes can occur due to various factors like updated visa agreements, temporary travel restrictions, or newly enforced entry requirements.

To ensure your travels go smoothly and without any surprises, it’s essential to stay up-to-date with the latest regulations and limitations for your intended travel destination. This proactive approach will help you navigate any changes that may arise, ensuring a hassle-free travel experience.

Investment Options

The following investment options serve as a qualifier for your application to the Saint Lucia citizenship-by-investment program.

1. National Economic Fund Donation

2. Real Estate Investment

3. COVID-19 Bond Relief Investment

4. Approved Enterprise Project

5. Government Bond Investment

Option: 01

National Economic Fund (NEF) Donation

To obtain citizenship through the Saint Lucia National Economic Fund, applicants are required to make a non-refundable contribution based on the following amounts:

  • Main applicant: $100,000.00
  • Main applicant and spouse: $140,000.00
  • Family of up to 4 members: $150,000.00
  • Each additional qualifying dependent: $25,000.00 per person

Government, Due Diligence and Processing Fees apply.

Option: 02

Real Estate Investment

Applicants for Saint Lucia citizenship must meet the requirement of purchasing a property with a minimum value of $200,000.00 from an authorized development venture. They are also required to maintain possession of this property for a minimum of 5 years as part of the citizenship by investment program.

Government, Due Diligence and Processing Fees apply.

Option: 03

COVID 19 Bond Relief Investment

For the Saint Lucia Citizenship by Investment Program, the investment requirements are as follows:

Main Applicant:

  • Investment: $250,000.00
  • Holding Period: 5 years
  • Government Due Diligence and Processing Fees apply.

Main Applicant and 1 Dependent:

  • Investment: $250,000.00
  • Holding Period: 6 years
  • Government Due Diligence and Processing Fees apply.

Additional Dependent (Up to 4 Dependents):

  • Investment per Dependent: $15,000.00
  • Government Due Diligence and Processing Fees apply.

Main Applicant with Up to 4 Dependents:

  • Investment: $300,000.00
  • Holding Period: 5 years
  • Government Due Diligence and Processing Fees apply.

These are the investment options and requirements for obtaining citizenship through the Saint Lucia Citizenship by Investment Program.

Government, Due Diligence and Processing Fees apply.

Option: 04

Approved Enterprise Project:

To obtain citizenship through the Saint Lucia Citizenship by Investment Program, applicants have two investment options related to sanctioned enterprise initiatives:

Option 1:

  • Applicants must contribute a minimum of $3,500,000.00 to a sanctioned enterprise initiative.
  • They are required to establish a minimum of three long-term employment positions.

Option 2 (Joint Investment):

  • Applicants can jointly contribute a total of $6,000,000.00, with each individual investing at least $1,000,000.00.
  • They must generate no less than six permanent job opportunities.

These investment options offer individuals flexibility in fulfilling the program’s requirements while contributing to the development and growth of sanctioned enterprises in Saint Lucia.

Government, Due Diligence and Processing Fees apply.

Option: 05

Government Bond Investment:

To obtain citizenship through the Saint Lucia Citizenship by Investment Program by investing in non-interest-bearing government bonds, applicants are required to meet the following criteria:

Main Applicant:

  • Investment in Government Bonds: Minimum value of $300,000.00
  • Administrative Fee: $50,000.00
  • Holding Period: At least 5 years

This investment option allows individuals to contribute to the country’s development by purchasing government bonds while meeting the program’s requirements for citizenship.

Government, Due Diligence and Processing Fees apply.

How to Qualify for The Saint Lucia Citizenship by Investment Program

Requirements for Saint Lucian Citizenship by Investment

  1. To be eligible for the Vanuatu Citizenship by Investment Program, applicants must meet certain criteria:

    1. Age Requirement: Applicants must be at least 18 years of age.

    2. Clean Background: All qualifying dependents must have clean personal backgrounds with no criminal records, and they should not be under any criminal investigation.

    3. Good Health: Applicants must demonstrate good health.

    4. Due Diligence: Applicants and their dependents must pass thorough due diligence checks conducted by the government.

    Meeting these requirements is essential for individuals interested in applying for Vanuatu citizenship through the Investment Program.

The program extends to include:

  1. Under the Vanuatu Citizenship by Investment Program, the following family members are eligible to apply for citizenship along with the main applicant:

    1. Spouse: The spouse of the main applicant can apply for citizenship.

    2. Children: Dependent children under the age of 26 are eligible for citizenship through the main applicant.

    3. Parents: Parents of the main applicant can also apply for citizenship.

    4. Grandparents: Grandparents who are aged 55 and over can be included in the application.

    5. Unmarried Dependent Siblings: Unmarried dependent siblings under the age of 26 with no children can benefit from the investment and apply for citizenship, allowing for multiple generations to take advantage of this opportunity.

    Additionally, future generations can also obtain citizenship by descent, further extending the benefits of Vanuatu citizenship to family members down the line.

FAQ

  • Yes, Saint Lucia allows dual citizenship. There are no restrictions on dual citizenship in the country.

  • Foreigners can start a business in Saint Lucia, but they will be subject to local laws, regulations, and taxation policies. Companies are taxed at a flat rate of 30% on income generated within Saint Lucia.

  • The business tax rate in Saint Lucia is 30% for corporate income tax. This rate applies to all types of income from any sources within the country, and resident companies must file their taxes on an annual basis.

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4th Floor, Building 3, Alice Lane, Sandton, 2196,
Johannesburg,
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The Opus tower by Omniyat
Tower A office 305 A
Al’ A’amal str Business Bay
Dubai UAE

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