In December 2015, St. Lucia joined it’s neighbouring islands and launched its own Citizenship by Investment Programme, in order to give its economy the boost that it desperately needed. Although nearly one million people visit the island annually, it is not enough to raise the country’s GDP and employment rate, which is why the programme is crucial for St. Lucia.
Initially, the applicants were required to have a minimum net worth of USD 3,000,000 and make an investment of a minimum of USD 200,000. After realizing that their programme was overpriced compared to their neighbours, in January 2017, the government removed the net worth requirement and halved the qualifying investment option. This placed the programme next to the cheapest economic citizenship in the Caribbean for a single applicant, Dominica, for a donation of only USD 100,000.
WHY CHOOSE ST. LUCIA
Located between the Far East Caribbean Sea and the Atlantic Ocean, just north of Venezuela, St. Lucia is a British Commonwealth country known for its volcanic mountains, lush rainforests and picturesque beaches. The two Piton mountains – the island’s most famous landmarks – have even been declared a UNESCO World Heritage Site. With an all year tropical climate, and direct flight connections to major cities like London, New York and Miami, this sun-soaked island is drawing in more tourists than ever before.
By looking at its neighbours, with decades of experience, St. Lucia has had the opportunity to hand pick the best practises and create the most efficient and well-balanced program for their investors.
Benefits of the St. Lucian CBI:
- quick and efficient processing (3-4 months)
- visa free or visa on arrival access to 146 countries
- inclusion of spouse, dependent children, parents and siblings
- no residency requirement
- no restrictions on dual citizenship
- no tax on personal or worldwide income, inheritance or capital gains
To qualify, applicants need to fulfil ONE of the financial requirements below: