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Europe and Middle East, Office 002Pythagorou 1 Engomi \ CY-2408 Nicosia

Head Office +(357)2200 7722

Saint Lucia

Santalucia

ABOUT Saint Lucia

Saint Lucia is a sovereign island country in the eastern Caribbean Sea on the boundary with the Atlantic Ocean. Part of the Lesser Antilles, it is located north/northeast of the island of Saint Vincent, northwest of Barbados and south of Martinique. It covers a land area of 617 km2 (238.23 sq mi) and reported a population of 182 thousand in the 2015 census. Its capital is Castries.

The French were the island's first European settlers. They signed a treaty with the native Carib Indians in 1660. England took control of the island from 1663 to 1667. In ensuing years, it was at war with France 14 times, and rule of the island changed frequently (it was seven times each ruled by the French and British). In 1814, the British took definitive control of the island. Because it switched so often between British and French control, Saint Lucia was also known as the "Helen of the West Indies".

Representative government came about in 1840 (with universal suffrage from 1953). From 1958 to 1962, the island was a member of the Federation of the West Indies. On 22 February 1979, Saint Lucia became an independent state of the Commonwealth of Nations associated with the United Kingdom. Saint Lucia is a mixed jurisdiction, meaning that it has a legal system based in part on both the civil law and English common law. The Civil Code of St. Lucia of 1867 was based on the Quebec Civil Code of 1866, as supplemented by English common law-style legislation. It is also a member of La Francophonie.

Geografia

Geography

The volcanic island of Saint Lucia is more mountainous than most Caribbean islands, with the highest point being Mount Gimie, at 950 meters (3,120 feet) above sea level. Two other mountains, the Pitons, form the island's most famous landmark. They are located between Soufrière and Choiseul on the western side of the island. Saint Lucia is also one of the few islands in the world that boasts a drive-in volcano. The capital city of Saint Lucia is Castries (population 60,263) where 32.4% of the population lives. Major towns include Gros Islet, Soufrière, and Vieux Fort.
Climate

Climate

The local climate is tropical, moderated by northeast trade winds, with a dry season from 1 December to 31 May, and a wet season from 1 June to 30 November. Average daytime temperatures are around 29 C (84.2°F), and average nighttime temperatures are around 18°C (64.4°F). Since it is fairly close to the equator, the temperature does not fluctuate much between winter and summer.
Kapital

Economy

An educated workforce and improvements in roads, communications, water supply, sewerage, and port facilities have attracted foreign investment in tourism and in petroleum storage and transshipment. However, with the US, Canada, and Europe in recession, tourism declined by double digits in early 2009. The recent change in the European Union import preference regime and the increased competition from Latin American bananas have made economic diversification increasingly important in Saint Lucia. Saint Lucia has been able to attract foreign business and investment, especially in its offshore banking and tourism industries, which is Saint Lucia's main source of revenue. The manufacturing sector is the most diverse in the Eastern Caribbean area, and the government is trying to revitalize the banana industry. Despite negative growth in 2011, economic fundamentals remain solid, and GDP growth should recover in the future. Inflation has been relatively low, averaging 5.5 percent between 2006 and 2008. Saint Lucia's currency is the East Caribbean Dollar (EC$), a regional currency shared among members of the Eastern Caribbean Currency Union (ECU). The Eastern Caribbean Central Bank (ECCL) issues the EC$, manages monetary policy, and regulates and supervises commercial banking activities in member countries. In 2003, the government began a comprehensive restructuring of the economy, including elimination of price controls and privatization of the state banana company. Now Saint Lucia is Economically Stable country a member of the Eastern Caribbean Central Bank, which is responsible for the administration of the country's monetary policies, the regulation of exchange control, and supervision of commercial banks and other financial institutions for the islands belonging to the Organization of Eastern Caribbean States. Saint Lucia is also well known as a tax-haven for the wealthy.
Kapital

Government

Saint Lucia is a Commonwealth realm. Queen Elizabeth II is the Head of State, represented on the island by a Governor-General. The prime minister is normally the head of the party commanding the support of the majority of the members of the House of Assembly, which has 17 seats. The other chamber of Parliament, the Senate, has 11 appointed members. Saint Lucia is a two-party parliamentary democracy. Three political parties participated in the 6 June 2016 General Election. Allen Chastanet of the United Workers Party won eleven of the seventeen seats.

Other general information.

Lucia’s official language is English, and its native or second language is Creole that originated from its rich historical background influence by its European and African heritage. The currency used in St. Lucia is the Eastern Caribbean Dollar (XCD), which is pegged to one of the most stable currencies worldwide, the US dollar at a rate of US$1.00 to XCD$2.70. St. Lucia’s economy thrives on tourism as its climate and topography makes it an extremely attractive place to visit and reside. St. Lucia belongs to the CARICOM, Commonwealth of Nations and the International Organization of Le Francophonie and boasts of its ease of doing business while offering a favorable environment for investors.A map of Saint Lucia.

CITIZENSHIP BY INVESNTMENT PROGRAM

The stunning and famous island of St. Lucia nestled next to Barbados and Martinique began taking applications and wealthy investors in January 2016. A St Lucia passport will allow you to visit UK, EU and countries such as Hong Kong and Singapore visa free, making it a very attractive travel benefit to wealthy families from Africa, Middle East, Russia and Asia.  As details have been released to us, I wanted to give you a sneak peek into how the Citizenship By Investment Program will look and whether it should be worth considering. The program targets specific individuals, namely those who have no criminal record, are of outstanding character, in good health and who are willing to make the qualifying investments in the respective areas.

trebovaniya

Saint Lucia’s Economic Citizenship Program is governed by the:

  1. Citizenship by Investment Act No: 14 of 2015.
  2. Citizenship by Investment Regulations, No: 89 of 2015.
  3. Changes to the Citizenship by Investment Regulations No. 89 of 2015 dated 22nd December 2016 and effective from 1st January 2017.

The Act provides for the establishment of the program under which a person can apply for citizenship of Saint Lucia upon satisfaction of the requisite qualifying investment and other requirements under the Act and the Regulations. The Act established the Citizenship by Investment Board (the Board), to co-ordinate the administration and operation of the Citizenship by Investment Program (the Program).

The Act also established the Citizenship by Investment Unit (the Unit) to be responsible for the general administration of the Program, which includes the processing of all applications under the Program.

Key concept of the program: applicants are free to choose from 4 investment options. As a result, they can obtain citizenship of Saint Lucia for their entire families in 3-4 months. The options are as follows:

  1. Donation to a government fund.
  2. Investment in real estate.
  3. Investment in government securities (not available now).
  4. Investment in an approved enterprise project. 
Option 1. Donation

A one-time donation to the National Economic Fund (NEF). This is the government fund created with the aim of developing the economy of Saint Lucia. Saint Lucia NEF is a special fund established under Section 33 of the Citizenship by Investment Act for the sole purpose of receiving qualifying investments of cash, for funding approved government sponsored projects. Annually, the Minister of Finance is mandated to gain approval from Parliament for the allocation of funds for specified purposes. Once these purposes have been specified and approved, the non-refundable qualifying investments made through the Citizenship Investment Program will be utilized for these purposes. 

The contribution may depend on the amount of additional applicants. 

Option 2. Real estate investment

An investment in real estate in Saint Lucia. The Government approves properties available under the program. The investor will need to own the property for at least five years. 

  1. High-end branded hotels and resorts defined as hotels and resorts, which feature sophisticated, upmarket amenities and luxury accommodations and offer 4 or 5 star service as established by the international hospitality criteria.
  2. High-end boutique properties.

Once the real estate project is approved, it becomes eligible for the qualifying investments from applicants of the Citizenship Investment Program.  

Option 3. Government-approved business projects

Saint Lucia welcomes you to invest in a government-approved business project.

The following 7 categories are available:

  1. Specialty Restaurants. 
  2. Cruise ports and marinas
  3. Agro-processing plants.
  4. Pharmaceutical products.
  5. Ports, bridges, roads and highways.
  6. Research institutions and facilities.
  7. Offshore universities.

An applicant has to invest at least $3,5 million and create at least 3 jobs. Co Investment of at least $6 million is possible, including at least 6 permanent job opportunities created, respectively.

Processing and due diligence fees are similar to real estate investment. 

Option 4. Government Bonds

This option is not available now. It will be launched later. Investment will also be made via the purchase of non-interest bearing government bonds. These bonds must be registered and remain in the name of the applicant for a five (5) year period from the date of the first issue and they do not attract interest.

Please find below the comparative table:

 

Option 1:
St. Lucia National Economic Fund Donation (USD)

Option 2:
Purchase of Approved Real Estate (USD)

Option 3:
Purchase of Government Bonds (USD)

Option 4:
Investment in Approved Enterprise Project (USD)

Government Due Diligence Fees
(Fees are non-refundable and are due upon submission of application to the Citizenship-by- Investment Unit)

$7,500 main applicant

$5,000 spouse

$0 children 0-15 y.o.

$5,000 each qualified dependent age 16 and over

$7,500 main applicant

$5,000 spouse

$0 children 0-15 y.o.

$5,000 each qualified dependent age 16 and over

N/A

$7,500 main applicant

$5,000 spouse

$0 children 0-15 y.o.

$5,000 each qualified dependent age 16 and over

Minimum Investment (Investment is due upon official approval in principle from the Citizenship-by-Investment Unit)

$100,000 single applicant

$165,000 applicant and spouse

$190,000 applicant with spouse and up to 2 other qualifying dependents

$25,000 per each additional qualifying dependent

Minimum $300,000 investment in approved real estate projects

Real Estate can be sold after 5 years to any subsequent buyer for citizenship

N/A

 Minimum $3,500,000 investment in approved enterprise project and creation of no less that 3 permanent jobs (qualifies 1 applicant)

Minimum $6,000,000 investment and creation of no less that 6 permanent jobs (if 2 or more applicants make a joint investment, where each applicant to contribute a minimum of $1,000,000 to qualify for citizenship)

Government Processing and Administration Fees
(Fees are non-refundable)

Application Processing Fees, due upon submission:

$2,000 main applicant

$1,000 each qualifying dependent

Application Processing Fees, due upon submission:

$2,000 main applicant

$1,000 each qualifying dependent

 

Government Administration Fees, due upon approval:

$50,000 principal applicant

$35,000 spouse

$25,000 per child under 18

$35,000 per dependent child 18-25 and parent over 65

N/A

Application Processing Fees, due upon submission:

$2,000 main applicant

$1,000 each qualifying dependent

 

Government Administration Fees, due upon approval:

$50,000 principal applicant

$35,000 spouse

$25,000 per child under 18

$35,000 per dependent child 18-25 and parent over 65

How to Apply REQUIREMENTS

The Applicant Must:
  1. Be at least 18 years of age.
  2. Satisfy a minimum qualifying investment in one of the following categories:
    1. The Saint Lucia National Economic Fund;
    2. An approved Real Estate development;
    3. An approved Enterprise project; or
    4. The purchase of Government bonds (not available now).
  3. Provide details and evidence of the proposed qualifying investment.
  4. Pass a diligence background check along with their qualifying dependents over the age of 18.
  5. Provide full and frank disclosure on all matters pertaining to the application.
  6. Pay the requisite non-refundable processing, due diligence and administrative fees upon application. 
The Applicant May:
  1. Apply for their qualifying dependent(s).
  2. Be required to attend an interview in St. Lucia or at an embassy or High Commission of St. Lucia prior to the consideration of his or her application for citizenship by the Board.
Antigua and Barbuda doc
The Applicant may be disqualified if:
  1. Have been convicted of a criminal offence except a minor traffic offence.
  2. Have been declared bankrupt by a court.
  3. Have been declared, by a court or qualified health practitioner to be mentally incapacitated.
  4. Provides false information.
  5. Has been convicted of a criminal offence except where the offence is a minor traffic offence.
  6. Is the subject of a criminal investigation.
  7. Is considered to be a potential National Security risk.
  8. Is involved in any activity likely to cause disrepute to Saint Lucia.
  9. Has been denied a visa to a country with which Saint Lucia has visa-free travel and has not subsequently obtained a visa to that country.

Primary applicants can also include:

Husbend and Wife

Spouse

Do18

Children under 18.

Do26

Dependents between the ages of 18 to 25, if this dependent is a full-time student attending a recognized college or university and financially dependent on the main applicant.

Parents

Parents and Grandparents of the main applicant over the age of 65, can also be included in the application once they are living with and financially dependent on the main applicant.

List of documents to be provided with the instructions can be find here {clickable} (file:07_StLucia Checklist)

The following are the requisite forms to complete the application for the St. Lucia Citizenship by Investment Program:

doc

STEP-BY-STEP PROCEDURES

Step 1. Preparation

Once you have selected Multitravel as your Authorized Agent and relevant agreement signed, we will assist you in preparing documents for Submission to the CIP Unit. The Applicant / Qualifying Dependents will need to complete the Official Forms (see above)

These require the Applicant/Qualifying Dependents to attend a medical examination, obtain Clear Police Record Certificate and obtain certain supporting documents – all of which must be submitted in English and be appropriately legalized. Multitravel will be able to advise you as the applicant on the preparation of the documents and on how to have them legalized. 

Step 2. Submitting

When all forms are complete, Multitravel submits the application to the CIP Unit. Multitravel then becomes responsible for liaising with the CIP Unit in relation to all correspondence, queries, or questions that may arise with respect to the applicant’s file. There is currently no mandatory interview requirement for the St. Lucia Citizenship by Investment Program. 

Step 3. Pre-Approval

The Government through a thorough due diligence background checks vets each application, during which time submitted information is examined and verified. The CIP unit considers application files in light of this due diligence check and then issues a recommendation about the application. Final approval is in the hands of the Minister, who generally follows the CBIC’s recommendation. Upon the Minister making a decision, the applicant will receive a letter (through US.) detailing whether the application was successful, delayed for further processing, or rejected. 

Step 4. Investment

If the application is successful, the CIP unit issues a letter instructing the applicant (through Multitravel) to either make the requisite investment under the investment option the applicant has chosen. The principal applicant must make the qualifying investment within sixty (60) calendar days after notice by the Unit to the authorized agent of approval of their application. In the case of an investment in an approved real estate or enterprise project, the principal applicant must pay the government administrative fees due within 60 full days after notice by the Unit to the authorized agent of approval of their application. Upon receiving proof of payment, the CIP UNIT issues the certificate of registration, establishing that the applicant has received St. Lucian citizenship. 

Step 5. Oath.

Every successful applicant must attend in person, a Saint Lucia Embassy, High Commission or Consulate, to take the oath and/or affirmation of allegiance to then receive their certificate of Registration and An applicant who is granted citizenship by investment enjoys all the rights of a citizen and is subject to the laws of Saint Lucia. 

Step 6. Citizenship/Passport

Upon the grant of citizenship, the applicant (and dependents where applicable), will apply for a Saint Lucian Passport.

The following are the requisite forms to complete the application for the St. Lucia Citizenship by Investment Program.

  1. Document Checklist SL1.
  2. Use of Authorised Agent Form SL2.
  3. Statement of Alternative Citizenship SL3.
  4. Investment Confirmation Form SL4.
  5. Citizenship by Investment Application Form SL5.
  6. Photograph and Signature Certificate SL6.
  7. Affidavit of Declaration SL7.
  8. Affidavit of Support SL8.
  9. Medical Certification Form SL9.
  10. Saint Lucia Passport Application Form.
    1. St Lucia Act
    2. St Lucia Regulations #89
    3. Memorandum dated 22nd December 2017 on amendments to Regulations #89
    4. Guidelines Part 1
    5. Guidelines Part 2
    6. Visa free countries List
    7. Embassies and Consulates of Saint Lucia

Summary of the changes effective from the 1st January 2017 as follows:

2017 CHANGES TO CIP REGULATIONS, SAINT LUCIA

Saint Lucia has announced several amendments to its citizenship by investment program which are effective from January 1st, 2017. Please see below the details of the approved changes: 

  1. Removing the requirement for an applicant to provide a sworn affidavit to declare financial resources of at least US$3,000,000.00; 
  2. Removing the limit of the number of applications which could be granted by the Board, previously set at a maximum of 500 applications; 
  3. Providing the option for successful applicants to sign the oath of allegiance before an attorney-at-law, a Consular Officer of Saint Lucia, an Honorary Consul of Saint Lucia, a Notary Royal or a Notary Public; 
  4. Adding a non-refundable administration fee of US$50,000.00 to the purchase of non-interest bearing Government Bonds; 
  5. Changing the qualifying investments in the National Economic Fund. The new qualifying investments are as follows: Applicant applying alone US$100,000 Applicant applying with spouse US$165,000 Applicant applying with spouse and up to two other qualifying dependents US$190,000. Each additional qualifying dependent at any age US$25,000.

VISA-FREE countries

Andorra Anguilla Antigua & Barbuda Argentina
The Barbados Belgium Aruba Austria
Bahamas Bermuda Bonaire Belize
Botswana British Virgin Islands Bulgaria Cayman Islands
Cook Islands Costa Rica Chile Colombia
Cuba Curacao Cyprus Croatia
Czech Republic Denmark Armenia Bangladesh
Cape Verde Comoros Bolivia Cambodia
Egypt Iran Dominica Djibouti
Dominican Republic Ecuador El Salvador Estonia
France French Guiana Fiji Finland
The Germany Gibraltar Greece Gambia
Greenland Grenada Guadeloupe Guatemala
Haiti Honduras Guernsey Guyana
Hungary Iceland Ireland Hong Kong
Isle of Man Israel Laos Lithuania
Maldives Malta Luxembourg Madagascar
Mozambique Italy Jamaica Mauritania
Jersey Kenya Kiribati Latvia
Malawi Malaysia Lesotho Liechtenstein
Mauritius Micronesia Monaco Martinique
Monsterrat Nicaragua Norway Panama
Poland Portugal Peru Philippines
San Marino Nepal Netherlands Saba
The Palau Romania Samoa Senegal
Singapore South Korea Seychelles Slovakia
St. Eustatius St. Helena St. Kitts & Nevis St. Barthelemy
St. Maarten St. Martin St. Vincent & the Grenadines Suriname
Switzerland Tanzania Swaziland Sweden
Trinidad & Tobago Tunisia Turks & Caicos Islands Tonga
United Kingdom Vanuatu Vatican City Venezuela
Zimbabwe Slovenia Wallis & Fortuna Zambia
Spain Tanzania Timor-Leste Solomon Islands
Togo Tuvalu Uganda