SAINT LUCIA PASSPORT
A Saint Lucia passport acquired through its Citizenship by Investment Program facilitates visa-free travel to more than 120 countries. Holders of a St Lucian passport can visit the UK, Hong Kong and the Schengen area without a visa. The Saint Lucia Citizenship by Investment Program is the first in the Caribbean region to offer purchase of non-interest-bearing Government bonds.
St. Lucia is the 238 square-mile neighboring island of Martinique, located 21 miles from its Northern tip and St. Vincent, 26 miles from its Southern tip. Both are visible on a clear day. Barbados is 110 miles Southeast, and its beauty alone may be the only reason you need to get a Saint Lucia passport.
BENEFITS OF SAINT LUCIA PASSPORT
– No tax on worldwide income in Saint Lucia
– The Program does not require the applicant to reside in the country
– All required documents may be filed remotely
– Application processing takes approximately three months
REQUIREMENTS FOR SAINT LUCIA PASSPORT
– Main applicant must be at least 18 years of age
– Pass a diligence background check along with their qualifying dependents over the age of 18
Donation to the Saint Lucia National Economic Fund of at least USD 100,000, depending on the number of dependents to get a St Lucia passport.
Investment in government bonds of the total amount of USD 250,000 (minimum), for 5-7 years. No interest, guaranteed return.
The most lucrative industry in Saint Lucia is of course the tourism, with over 400,000 vacationers visiting annually, which has accounted for 65% of the country’s GDP. Fun fact: the island is the #1 wedding destination. Many tourists even end up getting their Saint Lucia citizenship after being struck by the beauty of the island.
With all the visitors, there are ample opportunities to get into the hotel business, international recreation, and boutique innovation.
Compulsory education in Saint Lucia starts at the age of 5 and ends at 15, putting children through public school for free. The system is strong, proudly becoming the #4 ranked country for primary education back in 2012. The investment in secondary education stands at 27.9 % of the national budget on education.
Higher education options include the University of the West Indies and the notable Sir Arthur Lewis Community College which has four successful divisions: agriculture, arts & science, teacher education and management studies.
Saint Lucia’s property market is flourishing, driven by the profit from tourism and, of course, the stunning views and island atmosphere. 2016 and the few years after it mark an incredible time to get into the housing market as prices are expected to rise significantly in the coming years. Serious real estate investors may want to strongly consider gaining Saint Lucia citizenship to capitalize on relatively low-priced homes.
Residential property prices vary widely, starting at around a cost of $700,000 and going as high as $15 million, with the average luxury home running at about $2 million.
Saint Lucia is a small island, but it does have robust, high-resource hospitals with care that can compete with the U.S. and UK in terms of quality.
Healthcare and social services have been expanding with the economy since 2014, improving significantly over low health spending prior to the 21st century.
If you’re used to free health care, you may be disappointed to find out those perks don’t exist in Saint Lucia. However, health insurance is quite affordable and provides great coverage for both individuals and families.
For more details on how to choose the best option, get in touch with one of our representatives at Apex Capital Partners.
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Vice-president, Caribbean operations
«A second citizenship enables you to gain more personal and economic freedom and is an integral part of international asset diversification.
A second citizenship will last for generations; you will be able to pass it on to your children and grandchildren.»