St Lucia citizenship to reduce tax burden for business and relocate to a tropical paradise

Bill discovered that it is possible to register an international company with 0% income outside the country in St Lucia. The St Lucia government does not limit the amount of foreign ownership or control in establishing a business in Saint Lucia, allowing 100% foreign ownership of companies in any sector.

In addition, Saint Lucia hosts a dynamic workforce, from varied professionals to highly-skilled tradespeople and labourers. It was helpful for Bill’s company in planning, organising, executing and controlling his business.

We informed Bill that Dominica, St Lucia, Antigua and Barbuda, Grenada and St Kitts and Nevis are members of the Organisation of Eastern Caribbean States and the Caribbean Community — CARICOM. Citizens of the country can come to any state of these associations without a visa. Bill was interested in freely travelling through Caribbean countries in case of launching a store chain.

The OECS Economic Union constitutes a single financial and economic space within which all factors of production, including goods, services, capital, enterprises and people, can move freely.

An investor came to St Lucia to obtain citizenship and prepared to launch a business. He didn’t want to buy real estate. The cheapest option in the St Lucia investment program is a non-refundable contribution of $100,000.

The investor wanted to get the investment money back in the future. So, Bill used a refundable COVID‑19 Relief Bonds purchase for $250,000. It’s a limited offer with 50% discount until 31 December 2022.

In 5—7 years, the investor will get money back with 0% of profitability. Closer to the date of redemption, the investor must sign the Certificate and send it by courier to the agent, a certified copy of the St Lucia passport, and a letter authorising the agent to redeem the bond in his name.

1. Preliminary Due Diligence takes place before the citizenship application. Anti-Money Laundering experts estimate an investor’s chances for successful participation in Cyprus golden visa program. Experts concluded that Bill could participate in the application with minimal risk.

2. Preparation of documents. Bill collected documents under the list provided Immigrant Invest lawyers passport, birth certificate, bank statement, and other financial documents.

3. Due Diligence. St Lucia CBI Unit registered Bill’s application for inspection. In one month, we got a positive response.

4. Bond purchase. Within 90 days after approval, investors must fulfil investment conditions. Bill made a transaction for government bonds of $250,000. Also, he paid a $30,000 administrative fee.

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5. Application approval. After Bill’s payment was received, the bond certificate was prepared and delivered to the Immigrant Invest office. The Certificate indicated the value of the bonds, the date of issue and redemption.

6. Receiving a passport. In two months, the St Lucia CBI Unit issued a passport for Bill.

$288,000 and 5 months spent Bill for obtaining St Lucia passport

1

25 April 2022

Signing a contract with Immigrant Invest

2

+ 1 day

Preliminary Due Diligence check

3

+ 2 weeks

Preparing and sending documents

4

+1 months

Due Diligence$7,500

5

+1 months

Bond purchase$250,000

6

+2 months

Application approval$30,000

7

15 September 2022

Receiving passport$500

1

25 April 2022

Signing a contract with Immigrant Invest

2

+ 1 day

Preliminary Due Diligence check

3

+ 2 weeks

Preparing and sending documents

4

+1 months

Due Diligence$7,500

5

+1 months

Bond purchase$250,000

6

+2 months

Application approval$30,000

7

15 September 2022

Receiving passport$500

One month later, Bill registered a company in St Lucia and opened an account. He told us that the procedure was quite simple. He started to hire people and order goods for sale.

Also, he diversified his business. He will offer customers swimwear and sunscreen. Considering the economic growth in St Lucia due to the tourist flow, Bill is completely sure of good sales for the next high winter season.

Bill is going to expand his online shops across the Caribbean islands. He can travel without restrictions to CARICOM countries, which helps implement the idea.

Some of his friends from London are considering investing in the accommodation and hospitality field in St Lucia. They have discovered significant opportunities for gaining superior returns on minimal-risk investments.

Immigrant Invest is a licensed agent for government programs in the European Union and the Caribbean.