About St Lucia
St Lucia is an island country located in the Caribbean Sea.
Also called the ‘Helen of the West Indies,’ St Lucia is famous for its beautiful nature and year-round sunshine. Its best-known landmarks are two mountains known as the Pitons, which tower above the island’s western shore.
St Lucia obtained independence from the United Kingdom on 22 February 1979, but Queen Elizabeth II remains the Head of State. St Lucia is a member of the Commonwealth of Nations, the United Nations (UN), the Caribbean Community (CARICOM), the Organisation of Eastern Caribbean States (OECS), the Organisation of American States (OAS), and the International Organisation of La Francophonie.
St Lucia’s economy is driven by tourism and offshore banking, and the island is a well-known producer of bananas and other agricultural goods. St Lucia is also an exporter of oil and malt beer. The island is also a cultural innovator, organising events such as the yearly St Lucia Jazz Festival.
St Lucia is located in the Caribbean Sea, just north of St Vincent and the Grenadines and south of the island of Martinique.
St Lucia’s capital city of Castries has an international airport that welcomes direct flights from multiple cities in the United Kingdom, Canada, and the United States – as well as other Caribbean islands.
Citizenship by Investment
St Lucia is the last country in the Caribbean to establish a Citizenship by Investment Programme, having started to accept applications in January 2016. The Programme allows investors and their families to invest in the nation in exchange for citizenship. Applicants may choose to invest in Government bonds to obtain citizenship. Once citizenship has been granted, investments in government bonds must be held in the applicant’s name for a fixed period of time that varies according to the applicant’s family structure. The bonds must not attract a rate of interest for the duration of this period. Due diligence, government administration and processing fees apply.
Applicants for the St Lucia Citizenship by Investment Programme must fulfill the following conditions:
- Be at least 18 years old
- Be of good character
- Have no criminal record
- Pass a detailed background check
- Be able to provide a banker’s reference
- Be healthy
Investors may apply with their spouse and dependent children, and, in some cases, dependent elderly parents.
Benefits of St Lucia Citizenship
- Citizenship for life, with the right to live and work in the country
- No requirement to visit St Lucia before, during, or after application
- No interview requirement
- No English language requirement
- Right to hold dual citizenship
- Global mobility
- No foreign income, capital gains, gift, and inheritance tax
Investors and their families may become citizens of St Lucia through its Citizenship by Investment Programme by choosing between one of four options:
- A one-time contribution to the National Economic Fund (NEF)
- An investment in pre-approved real estate
- An investment in a pre-approved enterprise project
- A purchase of Government bonds
The National Economic Fund (NEF)
The National Economic Fund (NEF) was established to receive qualifying investments to fund Government-sponsored projects on the island. Applicants can obtain citizenship by making a monetary contribution to the NEF via one of the prescribed contribution levels. The minimum required contribution under the NEF option is US$ 100,000. Due diligence and processing fees apply.
Pre-approved Real Estate
Applicants may obtain citizenship by purchasing Government-approved property valued at a minimum of US$ 100,000. This property must be owned and maintained for a minimum of 5 years after citizenship has been granted. The following Government administration fees are applicable:
- Main applicant: US$ 30,000
- Main applicant and spouse: US$ 45,000
- Family member aged 18 years or above: US$ 10,000
- Family member under 18 years: US$ 5,000
- Each additional family member where the main applicant is applying with a spouse and four other family members: US$ 10,000 each
- Due diligence fee: US$ 7,500
Pre-approved Enterprise Project
Applicants can obtain citizenship by making an investment, either independent or joint, in a pre-approved enterprise project. Independent investment must be valued at US$ 3.5 million and create at least 3 permanent jobs. For joint investments, each investor must contribute at least US$ 1 million, resulting in a joint investment worth US$ 6 million and creating at least 6 permanent jobs. Due diligence, processing, and Government administration fees apply.
- Minimum independent investment: US$ 3,500,000 (creation of 3 local jobs)
- Minimum joint investment: US$ 1,000,000 (creation of 6 local jobs)
- Due diligence fee: US$ 7,500
Purchase of Government Bonds
The National Action Bond (NAB) is a new non-interest-bearing Government bond available from 1 January 2023 onwards.
- Main applicant and all qualifying dependents of any number: US$ 300,000 (to be held for 5 years)
- Administrative fee: US$ 50,000