Carlos-barraza-logo-50

Looking for a Second Passport? Let’s Look at St. Lucia

Written by

The world is being shaken by wars and conflicts, and people who have a second passport are in a better position: they have a place to “hide” not as refugees but as full-fledged citizens. 

Having another citizenship is a wise choice, and it adds more safety to your life. There are a lot of citizenship-by-investment programs that offer different terms and conditions, but Caribbean ones are considered the quickest and the most affordable ones. In this post, we will look at St. Lucia, one of the popular Caribbean destinations for economic citizenship.

If you need more information on Caribbean and non-Caribbean citizenship-by-investment programs, look here.

This is a portal where our experts write about relocation, international business and banking, investment, and so on.

You can book an individual session with our expert to share your needs and preferences and get the best options available that are suitable for your case – it comes for free!

And if you want us to help you with obtaining a second passport, we can perform all the administrative procedures for you – and you will obtain your passport by post!

Looking for a Second Passport Let’s Look at St. Lucia

St. Lucian Citizenship: Main Advantages

St. Lucia is a country of stunning natural landscapes with picturesque mountains and palm-fringed beaches where you can enjoy jungles with monkeys. But that is not all – let’s look at more practical benefits of a St. Lucian passport:

  • You will live and work in a country with a stable political and economic system, which is extremely important nowadays. What is more, you will get a CARICOM passport, which means that you will be able to choose any country of the Caribbean Community to live, work, or study in!
  • St. Lucia allows dual citizenship, which means that you will not have to renounce your current passport if your current country allows dual citizenship as well.
  • The fact that you obtained citizenship of St. Lucia will be kept secret, and the authorities in your country of residence will not find out about it unless they have a strong need to do so and provide an official well-grounded request.
  • Investment in St. Lucian citizenship can bring you profit as you can resell the real estate you bought, for example, at a higher price later on.
  • If you choose to make a non-refundable donation to the country’s economy, you will help to make the state infrastructure better, and many people will benefit from it – which may be an advantage for socially responsible investors.
  • If you want to acquire St. Lucian citizenship to live in that country, you will benefit from high living standards, a wonderful climate, low crime rate, well-developed infrastructure, top-class restaurants, high-quality services, luxury accommodations, and more. You can have variety, too: you can choose to live in a bustling city or a country bungalow.
  • Finally, St. Lucia is a low-tax jurisdiction, and you will be able to pay considerably less taxes if you become a tax resident. What is more, St. Lucia offers excellent opportunities for reliable asset protection.

Sounds interesting? You can contact our experts for more information by clicking on the above link!

St. Lucian Citizenship: Cost

The citizenship-by-investment program of St. Lucia offers four investment options for investors to choose from. Let’s take a detailed look at each of them.

Donation to the National Economic Fund

This investment is non-returnable.

  • If the application includes only the main applicant, the required donation is as low as 100,000 US dollars.
  • If you apply as a couple, you will need to invest 140,000 US dollars.
  • An application that includes a couple and two dependents will require payment of 150,000 US dollars.
  • Finally, if you have a family of more than four people that you want to make St. Lucian citizens, you will have to pay 150,000 US dollars plus 15,000 US dollars per family member of any age.

Investment in Real Estate

This is a refundable investment. You cannot buy any property you like: the project should be approved by the government. It can be a whole property, a part of it, or simply the shares of a construction company.

The amount you will have to invest in real estate is 300,000 US dollars no matter how many people you include in the application.

However, you will additionally have to pay a non-refundable administrative fee:

  • 30,000 US dollars for the main applicant
  • 45,000 US dollars if you apply as a couple
  • If you apply as a family of three or four, you will pay 45,000 US dollars for the couple and 5,000 US dollars per dependent under 18/10,000 US dollars per dependent over 18
  • If you have more than four family members, the item above will apply plus 10,000 US dollars per each next dependent of any age

Investment in Business

You can invest your funds in a business project approved by the government (motor road or seaport infrastructure, educational institution, scientific research, and so on). 

The investment is refundable.

  • If you act as a joint investor, you can invest 1,000,000 US dollars and create at least 6 permanent jobs.
  • If you invest in an independent project, the required amount is 3,500,000 US dollars, and you will have to create at least 3 permanent jobs.

Non-refundable administrative fees apply as well:

  • 50,000 US dollars for the main applicant
  • 85,000 US dollars if you apply as a couple
  • If you apply as a family of three and more, you will pay 85,000 US dollars for the couple and 25,000 US dollars per dependent under 18/35,000 US dollars per dependent over 18

Investment in Government Bonds

You will need to invest 300,000 US dollars per family.

If the investment is refundable, you will have to keep it for at least five years before you can resell it. Even if you do so upon expiration of this term, you will retain your St. Lucian passport.

Interested in the citizenship-by-investment program offered by St. Lucia? You’d better hurry as the conditions are going to get tougher soon under the pressure of the US and the EU.

Click on the above link to contact our experts today and find out all you need to know before making a decision!

More About Remote Work