Benefits of St Lucia passport
Citizenship of St Lucia gives cosmopolitans several benefits. They visit 146 countries of the world without visas, use the services of banks in the EU and pay taxes at lower rates.
Obtaining a second passport under the investment program takes only 3‑6 months, the minimum investment in the country’s economy is $100,000.
Listed the benefits of St Lucia citizenship for investors
St Lucia visa-free countries
Investors with St Lucia passports visit 146 countries without visas. Among them are the states of the Schengen Agreement: citizens can stay there for 90 days every 6 months. Also, the citizenship of St Lucia makes it possible to travel to Hong Kong and Singapore without additional documents.
St Lucia is a former British colony, so it is a part of the Commonwealth of Nations. Citizens of the island state of St Lucia visit the UK without additional documents and can stay there for up to 180 days a year.
The United States visa with the St Lucia second passport
The сitizenship of St Lucia makes it possible to obtain a tourist visa to the United States for 10 years. Documents are accepted at any convenient American consulate.
Tax optimization for St Lucian сitizens
St Lucia has low taxes. Some taxes are not paid at all — for example, tax on income received in other countries. There are also no inheritance taxes or capital gains.
Сonvinient conditions have been created for companies. Financial reporting is carried out according to international IFRS standards. Companies are taxed only on income earned in St Lucia. In addition, there is no tax on dividends in the country.
Services of international and European banks
Investors with St Lucia passports can easily open bank accounts in the EU countries. They are pre-checked by the EU law, but the procedure is much less stringent than usual for third-country citizens.
An account in a European bank allows quick and easy payments in foreign currency and keeps savings in a safe place.
Preferential education in the UK
Some universities in the UK provide citizens of St Lucia with preferential conditions. Four types of Scholarship by Commonwealth Scholarship Commission in the UK (CSC) are available to students from St Lucia. They can also apply for Chevening Scholarships.
How to become a citizen of St Lucia faster
To enjoy the benefits of a second passport of St Lucia, wealthy people participate in the country’s citizenship by investment program. It has several advantages that make it attractive to applicants.
Remote process. The investor does not need to come to St Lucia at any stage of obtaining citizenship. All procedures are carried out remotely.
Low costs. The amount of investment for obtaining St Lucia citizenship is at least $100,000. Options with the purchase of real estate or bonds allow to return investments in 5 years.
The government of St Lucia is trying to make the program attractive to investors. St Lucia' Citizenship by Investment Unit announced changes for investors since Jan. 1, 2023:
purchase of government-approved real estate — $200,000 instead of regular purchase of real estate from $300,000;
new bond purchase offer — $300,000 instead of regular government bonds for $500,00.
Also, the amount of contribution to the National Economic Fund was reduced for family investors.
Individual cost calculation of the St Lucia Citizenship
Short terms of obtaining a passport. Due Diligence, the longest stage of obtaining citizenship, lasts about 3 months in St Lucia. On average, investors receive passports in 3—6 months.
Passports for family members. The investor can include relatives in the application: a spouse, children under 30 years old and parents over 55 years old. Since July 2020, it is allowed to apply for citizenship for minor sisters and brothers of the applicant.
Citizenship for relatives can be issued even after the investor has received a passport. For family members who were originally eligible to participate in the program, the maximum application period is 5 years from the date of application by the investor. Newborn children and new spouses of all family members can join the program at any time.
The St Lucia Citizenship by Investment Program is notable for its soft requirements for the applicant’s family and a large number of options. Depending on the goals, it can be the best option for both one investor and the whole family.
The cost of participation in the program depends on the option, family members and other factors. Based on a particular situation, Immigrant Invest experts will calculate the price.
Immigrant Invest is a licensed agent for citizenship and residence by investment programs in the EU, the Caribbean, Asia, and the Middle East. Take advantage of our global 15-year expertise — schedule a meeting with our investment programs experts.
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