ST. LUCIA

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St. Lucia Citizenship by Investment

St. Lucia is a tropical island paradise in the Caribbean's South East. The white-sand beaches and rocky peaks are both unspoiled. Inland, you'll find cascading waterfalls, flowing streams, lush forests, and exotic birds. Throughout the year, the island's average temperature ranges from 24°C (75°F) to 31°C (87°F). Hiking or zip-lining through the trees are two ways for adventurers to discover the natural rainforest. The stunning beaches below can be seen from high elevation lookout points. Beachgoers will relax on a beautiful beach with plenty to see and do under the waves, whether snorkeling or diving. Festivals, great food, and great company are only a few of the reasons why St. Lucia is such a memorable destination.

1In 1979, St. Lucia became a parliamentary democracy, but the country remained a Commonwealth country. The official language is English, although a French Creole dialect is also commonly spoken. It is a member of the OECS and Caricom, which benefits the entire Caribbean region. St. Lucia's personal income tax policy is progressive, with rates ranging from 10% to 30%. Capital gains and inheritance are not taxed. The VAT rate is 12.5 percent, with a decreased rate of 10% for the tourism industry. The corporate tax rate is 30%, although there are tax cuts available. Property taxes are very low, at 0.25 percent. Visa-free travel is available to St. Lucia passport holders in 147 countries. In 3-4 months, IRC professionals will help you manage the path to citizenship.

Citizenship in St.Lucia Has Its Advantages

  • There are no taxes on capital gains or inheritance.
  • The candidate, their children, spouse, and parents or grandparents over the age of 55 are all given full citizenship and passports, with the exception of dependent children between the ages of 21 and 30.
  • Visa-free travel to 147 nations, including the European Union, the United Kingdom, India, Singapore, and other Caricom countries.
  • With Citizenship by Descent, there are no limits on dual citizenship.
  • There is no requirement for a presence in the region.
  • One of the cheapest choices for a single applicant donation

What Does It Take to Become a Citizen?

Citizenship by Investment Program (CIP) can grant full citizenship and passport holder status by making a substantial monetary investment or donation and adhering to the rules set forth by the governing authority. There are currently four investment options available:

  • A minimum of USD 300,000 in real estate bought from a qualifying government project
  • A non-refundable contribution to the National Economic Fund starting at $100,000.USD
  • A minimum investment of 3.5 million dollars in an authorized business project that results in the creation of at least three permanent jobs.

Option 1: Real Estate

In St. Lucia, a real estate property may be bought with the option to sell after five years of ownership. It can be used as a home office, a second home, a holiday home, or a rental income house. IRC will assist you in finding the perfect property for you. For your convenience, all recommended, eligible properties are handled.

The following are the current fees:

The minimum investment for a single applicant is $357,800.USD, which includes a minimum property purchase of USD 300,000 plus government, visa, and due diligence fees. The property's additional closing costs are variable.

For a family of four or more; with a minimum property purchase of $300,000.USD + government, passport, and due diligence fees, the minimum investment is $453,700.USD. Additional closing costs of the property are variable. 

Option 2: National Economic Fund

Your contribution to the NEF will be used to finance economic development projects in St. Lucia.

The following are the current fees:

  • The minimum investment for a single applicant is $109,800.USD, which includes $100,000.USD donation to the NEF plus government, visa, and due diligence fees.
  • The minimum investment for a family of four is $168,700.USD, which includes a donation to the NEF of $150,000.USD plus government, passport, and due diligence fees. A fee of USD 15,000 will be charged for each additional dependent beyond a family of four.

Option 3: Bond issued by the government

A single applicant can buy up to $250,000.00 in non-interest bearing government bonds, which must be held for a period of 5 years. The holding period for a married couple is six years. For a family of four, the requirement is 7 years, or 5 years if bonds worth at least $300,000 USD are bought. A $30,000.USD administration fee is also charged.

Option 4: Investment in a Company

A minimum investment of 3.5 million dollars in an authorized enterprise project that generates at least three permanent jobs, such as ports, bridges, roads, highways, marinas, specialty restaurants, pharmaceuticals, agro-processing plants, research institutions, and offshore universities.

Legal Requirements 

  • Applicants must be at least 18 years old.
  • Applicants must not be involved in a criminal case or be considered a security or reputational threat.
  • Applicants must not be restricted from traveling to any of the 147 countries that do not need a visa.

For More Information

Please do not hesitate to contact the IRC if you need any additional details. From the beginning to the end of the procedure, we provide technical assistance and maintain a safe transaction. If required, additional assistance in locating and purchasing real estate may be offered.