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June 29, 2021

Most Frequently Asked Questions about St Lucia Passport

St Lucia Citizenship Program is one of the most affordable and fast Caribbean citizenship programs. To make application process easier for our clients, Mann’s Solutions decided to prepare the list of answers to the most frequently asked questions about St Lucia Passport.

What do you need to know about the program?

St. Lucia Program offers a quick route to acquiring St Lucia Passport just within 3-4 months. The passport grants visa-free access to over 132 countries and several tax benefits. The government of Saint Lucia launched the Citizenship by Investment program in 2015, with the main aim of attracting foreign investors and developing the island. To implement the program, the government established the National Economic Fund (NEF), which is currently receiving investments from foreign applicants.

What are the program investment options?

Obtain St Lucia Citizenship by following investment options: $150,000 non-refundable donation, government bond investment of $220,000, or a property investment of $300,000.

What are the tax benefits?

There are many tax benefits, for example, residents benefit from no capital gains tax or estate taxes and enjoy no direct personal taxes whatsoever. Besides, Saint Lucia’s tax regime claims no tax on income, wealth, and inheritance which beneficial for high net-worth individuals and their families.

What St Lucia can offer?

St Lucia is situated in the eastern part of the Lesser Antilles archipelago in the Caribbean Sea. The island covers 617 square kilometers and has a volcanic origin, making it more mountainous than most other Caribbean islands. The official language of Saint Lucia is English. Tourism is the main source of revenue for Saint Lucia, for example, 65% of GDP comes from tourism. It should be noted that the country has strong agriculture and industry, so St. Lucia is an active producer and exporter of many crops like bananas, mango, and avocado.

How much time will I need to get St Lucia Passport?

St. Lucia Program is one of the fastest Caribbean citizenship programs, therefore Passport is very quick to procure. The investor and investor’s family can become Caribbean state citizens just 3-4 months after application submission.

Will my citizenship expire at some point?

No, when you acquire any of the Caribbean citizenship under a citizenship program, you and your family get the citizenship for life. Moreover, citizenship can be passed on to future generations by descent.

What benefits offer the program?

Saint Lucia Citizenship Program lets obtain a second passport in just 3-4 months. Physical residence is not required, and the passport can be easily obtained remotely. The whole family including spouse, children, and parent can apply for citizenship. Saint Lucia’s tax regime claims no tax on income, wealth, and inheritance which beneficial for high net-worth individuals and their families. In addition to that, there’s a short investment period of 5 years.

What are the program investment options?

To become a St. Lucia resident, the investor is required to choose one of the following investment options:

1, $100,000 – Non-refundable donation to the government fund

$100,000 – Contribution to the NEF (National Economic Fund) is non-refundable. The donation amount may vary based on the number of dependents included in the main applicant’s application.

$100,000 – $150,000 – To qualify for citizenship as a single applicant, you will be required to make a government donation of $100,000, $140,000 for a family of 2, and $150,000 for a family of up to 4 members.

2. $300,000 Real Estate Investment

$300,000 – Real Estate option should be approved by the government. The property can be sold in 5 years

3. Investment of $250,000 in government bonds

$250,000 – $250,000 for a single applicant, investment term 5 years. $250,000 for the main applicant and spouse, investment term 6 years. $250,000 for a family of up to four, investment term 7 years.

$300,000 – for a family of up to four, investment term 5 years

In which properties should I invest if I choose the property investment option?

Mann’s Solutions team recommends investing in residential properties, resorts, or boutique hotels that are approved by the local authorities. Many investors choose to invest in hotels as St. Lucia has a well-developed tourist industry.

LONDON BASED SOLUTIONS ADVISERS – St Lucia Passport

Full Support with our Immigration Advisers & Property Consultants:

Property search based on your requirements (from residential properties to high-value luxury developments)

– Property virtual tours, 3-D tours, and in-person tours available.

– Due diligence checks and additional property checks completed by our experts.

– Residency & Citizenship document preparation and submission.

– Full support until you receive your second passport & residency.

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).

For further information or to discuss your circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com  or call +44 207 993 63 46.

Photo by Corinne Kutz on Unsplash