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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
- Branches & Partners shall pre-screen your passport copy for Government pre-approval to ensure fast processing.
- 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
B) Donation to National Economic Fund
C) Purchase of Government Bond (Ending 31st March 2017!)
D) or Investment in Enterprise Project
Government Fees (Approved Real Estate or Enterprise Project)
Due Diligence and Background Checks
Non-Refundable Processing Fees
*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.