Saint Lucia citizenship by investment

Saint Lucia is an island which is situated in the Eastern Caribbean. The political system of Saint Lucia is hugely based on the British Model, because formerly it was the colony of Great Britain till 1979 – now a member of the Commonwealth. The country has diplomatic relations and active trade with the UK and the USA. The Saint Lucian economy is primarily based on tourism and agriculture. Tourism and offshore bring 65% of its revenue.

Saint Lucia is a member of Commonwealth community, which allows free access to UK market and free travel within the Schengen zone. Also, Saint Lucia has membership in the Caribbean Community (CARICOM), and the Organization of Eastern Caribbean States (OECS).

Saint Lucia is characterized by a mix of international and domestic banks. The banking system is subject to the Eastern Caribbean Central Bank (ECCB) with the official currency of the Eastern Caribbean Dollar (XCD). Also, Saint Lucia possesses offshore banking jurisdiction. The crucial feature of offshore banking in Saint Lucia is data protecting and confidentiality it provides.

Thus, Saint Lucia possesses offshore sector, that offers a range of investment opportunities, including banking and finance, international trade, tourism and hospitality, real estate development, etc. The International Business Companies (IBC) Act provides numerous advantages for offshore companies. Saint Lucia protects its corporate sector and business environment, so that investors can enjoy security and be sure their data will remain anonymous.

Real Estate Prices in Saint Lucia

• Apartments and Condominiums: In the capital, Castries, and its surroundings, apartments and condominiums can be found starting at $200,000. These properties are often located in gated communities with access to pools, fitness centers, and other amenities.
• Houses and Villas: Prices for houses and villas vary depending on their location and ocean views. Villas with panoramic views of the Caribbean Sea can range from $500,000 to several million dollars, especially in prestigious areas like Marigot Bay or Soufrière.
• Land Plots: For those who wish to build their dream home, a wide selection of land plots is available. Land prices can start at $100,000 in less developed areas and reach several hundred thousand dollars for plots with ocean views in prime locations.

The real estate market in Saint Lucia is steadily growing, driven by interest from foreign buyers, especially those seeking citizenship through investment. Property prices are expected to rise as demand increases and infrastructure on the island improves.

Additionally, Saint Lucia offers attractive tax conditions for foreign investors, including no capital gains tax and low rental income tax rates, making real estate investment on the island even more advantageous.

Who Can Obtain Citizenship

In addition to the primary applicant (investor), the following categories of individuals can obtain Saint Lucian citizenship through the investment program:

• The spouse of the primary applicant.
• Children under the age of 30, provided they are financially dependent on the primary applicant and are not married.
• Parents and grandparents over the age of 55 who are financially dependent on the primary applicant.
• Siblings under the age of 18, provided they are unmarried, have no children, and are financially dependent on the primary applicant.

All applicants must meet the program’s requirements and undergo a due diligence process.