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ABOUT ST. LUCIA PERMANENT RESIDENCY

ST LUCIA CIP

  • Named after St. Lucy, a Roman Catholic Saint, the island of Saint Lucia is located in the Atlantic Ocean in the Caribbean. This volcanic island is part of the Windward Island and situated close to the islands of Martinique and St. Vincent.
  • The island is famous for its 2 volcanic mountain caps – “The Pitons” based in a World Heritage Site. Also, it boasts the world’s only drive-in volcano.
  • Lucia has a total area 620 square kilometres (239 square miles) and is 43km long (27 miles) by 23km wide (14 miles).
  • The weather is typical for a Caribbean island with temperatures ranging from 21 – 32 degrees. The tropical climate is moderated by northeast trade winds that allow for pleasant year-round conditions. Although the island is located in the hurricane belt, it has been spared from all destructive hurricanes in the past.
  • The official language is English, however, 95% of the population speak a French dialect – Saint Lucian Creole French.
  • The country is a member of the British Commonwealth and the United Nations and the legal system in St. Lucia is well-respected and based on English law.
  • St Lucia is a member of the UNO and WTO, African, Caribbean and Pacific Group of States, Association of Caribbean States, Caribbean Community, Non-Aligned Movement, Organisation Internationale de la Francophonie, Organisation of the Eastern Caribbean States and the Organization of American States. The island also hosts the headquarters of the Organisation of Eastern Caribbean States in the capital city of Castries.
  • The currency is the Eastern Caribbean dollar (XCD) which is pegged to the U.S. dollar.
  • The St Lucia Citizenship by Investment Program, also known as St Lucia CIP, is a respected and government approved program. There are no capital gains or inheritance taxes in St. Lucia. You will not be taxed on worldwide income if you’re simply holding a citizenship and are not a resident of St. Lucia. Property tax is levied on all properties.
  • The islands main export is bananas, but they also export beer and petroleum oils. However, tourism is very important to the St. Lucian economy with many visitors arriving on the island from cruise ships.

Contact our expert today for more information about St Lucia CIP (Citizenship by Investment) program.

Why St. Lucia?

Legal Basis

The Saint Lucia Citizenship Act passed both houses of Parliament in August of 2015. The regulations regarding Citizenship by Investment in Saint Lucia are contained in Statutory Instrument No.89 of 2015. The Act enables individuals and families to acquire Saint Lucian citizenship upon making a qualifying investment.

Saint Lucia Benefits

  • Although there are no residency requirements, St Lucia citizenship offers investors the opportunity to reside in one of the most beautiful and desired locations in the Caribbean.
  • Irrevocable citizenship which is passed down for generations.
  • Visa-free travel to 121 countries including the EU Schengen countries, Hong Kong and the United Kingdom.
  • Fast-track processing within 3 months.
  • Lucia recognizes dual citizenship.
  • There are no requirements to travel to St. Lucia during the application.
  • No estate or inheritance tax and no tax on worldwide income.
  • No nationality restrictions.
  • Economically legally and socially stable country which is part of the Commonwealth with a democracy based on British parliamentary system.
  • Due to Saint Lucia’s popularity as a tourist destination, there are many non-stop flights from the US and Europe.

Visa Free Countries

(Visa-free and visa-on-arrival countries)

Andorra
Antigua and Barbuda
Argentina
Armenia
Austria
Bahamas
Bahrain
Bangladesh
Barbados
Belgium
Belize
Benin
Bolivia
Bosnia and Herzegovina
Botswana
Bulgaria
Cambodia
Cape Verde
Chile
Colombia
Comoros
Costa Rica
Croatia
Cuba
Cyprus
Czech Republic
Denmark
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt
El Salvador
Estonia
Fiji
Finland
France
Gabon
Gambia
Georgia
Germany
Greece
Grenada
Guatemala
Guinea-Bissau
Guyana
Haiti
Honduras
Hungary
Iceland
India
Indonesia
Iran
Ireland
Israel
Italy
Jamaica
Jordan
Kenya
Kiribati
Kyrgyzstan
Laos
Latvia
Lesotho
Liechtenstein
Lithuania
Luxembourg
Madagascar
Malawi
Malaysia
Maldives
Malta
Mauritania
Mauritius
Micronesia
Monaco
Montenegro
Mozambique
Nepal
Netherlands
Nicaragua
Norway
Palau
Panama
Peru
Philippines
Poland
Portugal
Qatar
Romania
Rwanda
Saint Kitts and Nevis
Saint Vincent and the Grenadines
Samoa
San Marino
Senegal
Seychelles
Singapore
Slovakia
Slovenia
Solomon Islands
Somalia
South Korea
Spain
Sri Lanka
Suriname
Swaziland
Sweden
Switzerland
Tanzania
Timor-Leste
Togo
Tonga
Trinidad and Tobago
Tunisia
Turkey
Tuvalu
Uganda
United Kingdom
Vanuatu
Vatican City
Venezuela
Zambia
Zimbabwe

Saint Lucia Steps and Procedures

Step 1

  1. Branches & Partners shall pre-screen your passport copy for Government pre-approval to ensure fast processing.
  2. A down payment of the professional fees will be required to open your application.

Step 2
Branches & Partners will provide assistance and advise with regards to the collection of the documents required in the checklist.


Step 3
On submission of the application, due diligence fees are paid.


Step 4
The Due diligence report is issued to the government for approval.  Once your application is accepted you are invited to pay the investment requirements.


Step 5
The Due diligence report is issued to the government for approval. Once your application is accepted you are invited to pay the investment requirements.


Step 6
A certificate of naturalization is issued in your name. The passport is issued 1 week later.

Branches & Partners professional fees, official application forms, certificates & residency cards, courier & other disbursements are the only other costs associated. A full-itemized quotation with no hidden costs is provided.

Saint Lucia Costs and Timeframes

The Saint Lucia Citizenship by Investment Act of 2015 allows eligible individuals and their families to apply for Citizenship by making either:

A) Real Estate
Minimum Value
USD 300,000
B) Donation to National Economic Fund
Single Applicant
USD 100,000
 
Principal Applicant and Spouse
USD 165,000
 
Principal Applicant, Spouse and 2 Dependents
USD 190,000
Each Additional Dependent
USD 25,000
 
C) Purchase of Government Bond (Ending 31st March 2017!)
Single Applicant
USD 500,000
 
Principal Applicant and Spouse
USD 535,000
 
Principal Applicant, Spouse and 2 Dependents
USD 550,000
Each Additional Dependent
USD 25,000
 
D) or Investment in Enterprise Project
Principle Applicant
USD 3,500,000
 
Joint Venture*
USD 6,000,000
 
 
*Minimum investment per applicant
USD 1,000,000
Government Fees (Approved Real Estate or Enterprise Project)
Principle Applicant
USD 50,000
 
Qualifying Dependent 18 Years Old and Above
USD 35,000
 
Qualifying Dependent 17 Years Old and Below
USD 25,000
 
Due Diligence and Background Checks
Principal Applicant
USD 7,500
 
Qualifying Dependent Above 16 Years Old
USD 5,000
Non-Refundable Processing Fees
Principle Applicant
USD 2,000
 
Each Qualifying Dependent
USD 1,000
Example Calculation For Family of 4*:
Donation to National Economic Fund
USD 190,000
 
Due Diligence and Background Checks
USD 22,500
 
Processing Fees
USD 5,000
 
TOTAL USD 217,500

*Branches & Partners Professional Fees, official application forms, certificates of citizenship and passports, courier and other disbursements are the only other costs associated. A full-itemized quotation with no hidden costs is provided.

St. Lucia Second Passport

The St. Lucia CBI Program was established in 2015 under the regulations of the Citizenship by Investment Bill 2015, making it the most recent addition to the Caribbean Passport Programs.

The program allows for dual nationality and has distinct advantages for business growth and tax relief for foreign investors.

The St. Lucia second passport allows for visa free travel to over 100 countries including the Schengen States, United Kingdom and Hong Kong. There are no physical residency requirements to visit the island and investors benefit as there is no tax on worldwide income.

Contact our highly professional consultants for more information on St. Lucia Second Passport Program.

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