Need a Second Passport? Welcome to St. Lucia!

by

Citizenship by investment is one of the Plan B components. If you value safety in life, you will take care of having a spare copy of all important things: a foreign bank account, a business abroad, real estate, and second citizenship to start a new life in a new place in case of major turmoil back home. Caribbean countries offer great citizenship by investment programs that have two important advantages: they are quick and affordable. What is more, you will potentially live in a place of stunning natural beauty, which adds to their appeal. Sounds interesting? Let’s take a closer look at St. Lucia, a wonderful Caribbean destination with an attractive economic citizenship program.

Welcome to St. Lucia

Please visit our portal to read a more detailed article on how to become a citizen of St. Lucia. We have a whole section devoted to citizenship-by-investment programs, so you will have a lot of information to compare. You can also take a short way and schedule a meeting with our expert to select the best jurisdiction for you at no fee. We will analyze your situation and preferences and shortlist the best options currently available in the market. And if you want to delegate the administrative matters to us (and you will have to delegate them to someone anyway as the local authorities do not work with individuals: they accept documents from registered agents only), we will help you acquire citizenship remotely at a reasonable fee.

Program Benefits

First of all, St. Lucia is a beautiful country with sunny beaches, stunning mountains, and jungles with monkeys. If you want to feel like you’re on a permanent vacation, welcome to St. Lucia! However, there are some more practical things you can take advantage of:

  • Visa-free access to 114 countries, which means that the local passport is quite strong.
  • You get an opportunity to live, work, and study in a country that is extremely stable in political and economic terms. You can also include your family members in the application as dependents.
  • A passport of St. Lucia is in fact a CARICOM passport, which means that you can stay in any Caribbean country for an indefinite term.
  • The citizenship of St. Lucia actually gives an opportunity to make a profit! You will invest a certain amount in the country’s infrastructure, business, or real estate, and you will be able to sell your asset after a while at a profit.
  • Lucia allows for dual citizenship. If your country permits it as well, you will not have to renounce your current citizenship: you will simply have two passports and use the one you need at a particular moment.
  • If the tax burden in your home country is high, you can become a tax resident of St. Lucia to enjoy the benefits of the country’s low taxes. The local authorities take care of your assets by offering convenient tax planning tools, efficient asset protection, opportunities to grow your wealth, and flexible fiscal laws.
  • The authorities of your current country of residence will not find out that you have acquired the citizenship of St. Lucia. This information is only provided on the basis of an official well-grounded request.
  • The weather is wonderful all year round, with comfortable temperatures and occasional rains that last for no more than a few minutes.
  • The island is small, and you will be able to cross it within no more than one hour. However, you can live in an environment you prefer: it can be an apartment in a large city or a country cottage where you will still be close to all the amenities.
  • Finally, you will be able to take advantage of high living standards in this small country. The crime rate is low, the infrastructure is excellent, and if you need any up-to-date technologies, you are sure to find them in St. Lucia. Luxury hotels, high-quality services, and top-class restaurants are also there for you to enjoy.

Looks fine? Please get in touch with us if you have any questions.

Cost and Procedure

If you want to become an economic citizen of St. Lucia, you can choose one of the following four investment options:

  • Investment in the local businesses approved by the authorities (restaurants, seaport infrastructure, roads, pharmaceutical industry, educational institutions, agricultural product processing, research and development, and so on). The amount is refundable.
  • Investment in the real estate project approved by the authorities (it can be a property or a part of it, or simply shares of a construction company). This amount will be refunded as well.
  • A non-refundable contribution to the St. Lucia National Economic Fund.
  • A refunded investment in zero-interest Government bonds.

All the refundable amounts can be taken back in five years. However, you can keep the real estate if you want to.

Let’s look at the amounts to be invested:

  • Donation to the National Economic Fund equals USD 100,000 if you apply alone, USD 140,000 for a couple, and USD 150,000 for a family of no more than four members. Each extra dependent comes at USD 15,000.
  • If you decide to invest in real estate, you will have to contribute USD 300,000 for any number of dependents and pay non-refundable administrative fees (USD 30,000 for a solo applicant, USD 45,000 for a family with up to four members, and USD 10,000 per extra dependent).
  • If you want to invest in a business project, you will need to contribute at least USD 1 million (if this is a joint project) and create 6 permanent jobs. If you are the only investor in the project, you will need USD 3.5 million plus 3 permanent jobs. You will also have to pay non-refundable administrative fees (USD 50,000 if you apply alone, USD 85,000 per couple, plus USD 25,000 per each extra dependent under 18 or USD 35,000 per dependent over 18).
  • As for the bonds, you will have to invest USD 300,000.

The fees may change from time to time, so you’d better contact our expert for updated information.

Interested in obtaining a passport of St. Lucia in three to six months? Book a session to discuss the details of the procedure. The feeling of safety is priceless – and what can be more safe than an excellent Plan B?

Leave a Comment