St. Lucia

1. National Economic Fund in St Lucia
   Individuals with a high net worth can contribute with $100,000 per single applicant. A family of three dependents which is a spouse and two minor children, $190,000, main applicant and spouse as a couple without children $165,000, additional independents $25,000.
2. Real estate investment in St. Lucia
   Successful applicants can purchase a home valued at $300, 000. This property cannot be sold in less than five years. In addition to purchase price, other fees like property taxes, processing fees and registration of property must be paid too.
3. Government Bond Investment in St. Lucia
   These bonds must be held for a five-year minimum period and an amount is dependent on family size. A single applicant must pay $500,00, a couple must pay $535, 000, an applicant with spouse and two minor children must pay $550,000 while additional independents pay $25,000 each. In addition to these amounts does a government bond carry administration fees too, running per applicant, at $50,000.
4. Enterprise Project Investment in St. Lucia
   Successful applicants can invest in pre-approved enterprise project while creating a minimum of three jobs. The investment amount is $3.5 million. The amount drops when it is two applicants that will create six jobs to $6 million. Specific projects must be invested in, for example, offshore universities, research facilities, highways and roads, bridges, ports, pharmaceuticals, agro-processing plants, cruise marinas and ports, and specialty restaurants.

The St. Lucia government recognizes the advantages of tax relief and business expansion by offering unmatched benefits to its residents. Potential applicants must have excellent health, zero criminal offenses and of sound character.

Two of St. Lucia’s biggest industries are agriculture and tourism with 65% allocated to tourism. While it attracted high-end individuals with an excellent net worth, it makes sense that it is a prime destination for citizenship. During the 2017 Ease of Doing Business survey done by the World Bank, St. Lucia ranked 86th. It is a popular destination for both retirees and investors and compared to North America and Europe’s cost of living and property are much cheaper.

While the world suffered economic downturns, St. Lucia’s economy remain rock solid due to its well-educated workforce and stable political environment. Agriculture in the form of bananas represents the main income, while the tourism industry continues to be on the forefront.

Investors are encouraged to diversify the agricultural industry to avocados, mangos, and cocoa through the assistance of the Ministry of Agriculture. In the last five years from 2013 offshore Financial Services had a major upsurge while more citizens are encouraged to invest in the growing manufacturing sector.