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st lucia citizenship

St. Lucia

st lucia citizenship

COUNTRY PROFILE
• Capital: Castries
• Population: 178,000
• Area: 616 sq km (238 sq miles)
• Major language: English (official), French patois
• Major religion: Christianity
• Life expectancy: 72 (men) 78 (women)
• Currency: East Caribbean dollar (EC$ or XCD)
• Exchange Rate (as of May 2018): US$ 1.00 = 2.70 EC$ / XCD

Named after St. Lucy, a Roman Catholic Saint, the island of Saint Lucia is located in the Atlantic Ocean in the Caribbean. This volcanic island is part of the Windward Island and situated close to the islands of Martinique and St. Vincent. The island is famous for its 2 volcanic mountain caps – “The Pitons” based in a World Heritage Site. Also, it boasts the world’s only drive-in volcano.

The St Lucia Citizenship by Investment Program, also known as St Lucia CIP, is a respected and government approved program. There are no capital gains or inheritance taxes in St. Lucia. You will not be taxed on worldwide income if you’re simply holding a citizenship and are not a resident of St. Lucia. Property tax is levied on all properties.

Type of Program Citizenship by investment.
Type of Investment’s 1. Donation to the National Economic Fund (NEF)
2. Investment in an approved Real Estate project
3. Investment in an approved Enterprise Project
4. Purchase of non-interest-bearing Government Bonds
Minimum Investment (1) NEF Donation:
USD 100 000 for a Single applicant
USD 165,000 for an applicant and spouse;
USD 190,000 for an applicant and spouse with up to 2 dependents
USD 25,000 for each additional dependent any age

(2) Real Estate: (5 year holding period)
USD 300,000

Plus Government Fees:
USD 50, 000 for the applicant;
USD 35,000 for each qualifying dependent over the age of 18
USD 25, 000 for each other qualifying dependent.

(3) Enterprise Project:
Option 1:
USD 3,500,000 plus no less than three (3) permanent jobs for one (1) principal applicant.
Option 2:
USD 6,000,000 plus no less than six (6) permanent jobs for two (2) or more principal applicants in a joint investment, with each applicant contributing a minimum of USD 1,000,000.

(4) Government Bonds: (5 years holding period)
USD 500,000 for a single applicant
USD 535,000 for an applicant and spouse
USD 550,000 for a family of four
USD 25,000 for any additional dependent of any age.

Plus Government Fees:
USD 50, 000 for the applicant;

Dual Nationality Permitted Yes.
Personal Visit Required No
Minimum Stay To residence or minimum stay requirements.
Capital Gains Taxes None.
Personal Income Taxes No
Business & Corporate Taxes Yes. For businesses registered and operating in St. Lucia.
Property Taxes Yes. For property owned in Saint Lucia.
Processing Time 4 months
Passport Validity 10 years.
Restricted Countries Iran
Visa Free Travel 129 countries

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