Saint Lucia is a lush island located in the Caribbean, dubbed the Helen of the West Indies. One of its foremost natural attractions are the Pitons, twin peaks located on the West coast of the island which have been declared a World Heritage site. An island of rich culture influenced by the French, British and Africans during colonial times mixed with its flora and fauna makes Saint Lucia a gem unlike any other Caribbean island.
With tourism being the mainstay of the island, Saint Lucia has gained many accolades internationally for example being one of the world’s top honeymoon destination. Agriculture accounts for the rest of the islands revenue. Saint Lucia’s economy allows for ease of business which is beneficial for investors.
Since most of the population live along the coast, you are never too far away from a beach. This easy access makes Saint Lucia a place for never-ending relaxation. Saint Lucia is a haven for all persons, from those who love the indoors to sea and nature lovers. Annual activities such as Saint Lucia Jazz Festival, St. Lucia Carnival and Creole Heritage month keep the country lively and bustling with fun activity. Immerse in the culture with ease as our people are the friendliest of the Caribbean.
The Principal Applicant Must be a minimum of 18 years of age.
The Principal Applicant must also satisfy a minimum qualifying investment in one of the following categories :
The Saint Lucia National Economic Fund An approved real estate development An approved enterprise project
The purchase of Government bonds
Principal Applicants must also provide details and validation of the proposed qualifying investment
Applicants are expected to pass a diligence background check along with their qualifying dependents over the ages of 18
Applicants are also expected to provide full and frank disclosure on all matters pertaining to the application; as well as pay the requisite non-refundable processing, due diligence and administrative fees upon application
The Principal Applicant May Also;
Apply for their qualifying dependent(s)
Be required to attend an interview in St. Lucia or at an embassy or High Commission of St. Lucia before considering the application presented for citizenship by the designated Board.
Principle Applicant Must Not Have Been
Convicted of a criminal offence except a minor traffic offence.
Denied any category of visa to a country which St. Lucia has visa free access and has been unsuccessful in subsequently obtaining visa.
Declared bankrupt by a court; and
Declared, by a court or qualified health practitioner to be mentally incapacitated.
All Citizens of St. Lucia maintain liability of paying income tax at a rate of 30% after Allowance and Deductibles.
Limited Liability Companies however are responsible for paying 30% taxes on their Net Profit.
International Business Companies may elect to pay 1% tax or be exempt from tax.
Dividends paid are not subjected to income tax or tax withholdings.
returns from the sale of capital assets are not subject to taxation in St. Lucia.
Individuals and companies are expected to pay tax in the country in which they have earned income. St. Lucia also has a double taxation treaty with all CARICOM countries.
St. Lucia, in addition to the aforementioned, has signed 31 tax treaties or Tax Information Exchange Agreements with the following countries;
Antigua And Barbuda
This is not tax advice, for further information please seek advice from a professional tax advisor.
Investing In St. Lucia Via Citizenship by Investment Program
The Saint Lucia Citizenship Investment Program offers the investor four choices for investment in exchange for citizenship, these options are as follows;
National Economic Fund
Saint Lucia National Economic Fund is a special fund created under Section 33 of the Citizenship by Investment Act for the sole purpose of receiving viable and qualifying investments of cash, for funding only approved government sponsored projects. On an annual basis the Minister of Finance is mandated to obtain approval from Parliament for the allocation of funds for such specified purposes. Once these purposes have been identified, specified and approved, the non-refundable qualifying investments made through the Citizenship Investment Program will be utilized for such specific purposes.
Real Estate Projects
The Real Estate projects can also be considered and added to the approved list by the Cabinet of Ministers. The approved real estate projects generally fall into two broad categories, such as:
Luxury branded hotels and resorts – these are considered hotels and resorts which feature sophisticated, upscale amenities and luxury / super luxury accommodations and offer 4 or 5 star equivalent services as established by the international hospitality criteria.
Upscale boutique properties should meet the following criteria;
Located in a unique setting
Characterized by hands-on, personal service with a high staff to guest ratio
Small and intimate with 20 – 70 rooms
Upscale with sophisticated accommodation standards
As long as the real estate project is approved it becomes eligible for the qualifying investments from applicants of the Citizenship Investment Program.
Approved enterprise projects fall into seven broad categories:
Specialty Restaurants – requires a distinguishing feature and a distinct menu offering a particular type of cuisine
Cruise ports and marinas
Ports, bridges, roads and highways
Research institutions and facilities
Investment can also be made via the purchase of non-interest bearing government bonds. These bonds must be registered and remain in the name of the applicant for a five year period from the date of first issue and they do not attract interest.
Each type of investment carries a minimum qualifying investment for the applicant along with non-refundable fees for due processing of the application.
Non-Refundable fees are applicable on all applications:
Non-refundable Processing Fee USD
Non-refundable Due Diligence Fee USD
Non-refundable Administration Fees USD
(16 and over)
(16 and over)
(16 and over)
$35,000 (18 yrs +)
$25,000 (Under 18 yrs )
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