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St. Lucia - How To Get A Second Passport

If you are interested in a second passport, you need to consider St. Lucia. In this article, we will talk about your ability to obtain citizenship by investment in St. Lucia, where the island's beauty has earned it the nickname "Helen of the West Indies." Obtain citizenship here in St. Lucia in order to travel without visas to 146 countries around the globe.

 

St. Lucia

St. Lucia lies in the eastern Caribbean Sea, northwest of Barbados and south of Martinique. A volcanic island mostly covered in rainforest, it is famous for its twin peaks, the Pitons, and its beautiful beaches. 

The capital and largest port is Castries, with a population of 20,000 and roughly 185,000 people in the country. Although St. Lucia has been an independent country since 1979, it is still part of the British Commonwealth.

 

St. Lucia Passport

St. Lucia Citizenship by investment program was launched in 2015 and allows individuals and their families to receive a second passport providing that an investment of at least $100,000 USD is made.

Your passport is an official travel document issued by the government that solidifies your status as a citizen, certifying your nationality, and formally requesting admittance and safe passage from foreign countries.  

A standard passport contains your full name, a photograph, place and date of birth, signature, and the expiration date of the passport.

 

The Benefits Of Having A Passport From St. Lucia

There are several benefits to having a passport from St. Lucia. The main reason is visa-free travel to 146 countries, including the European Union countries, the UK, Singapore, Hong Kong and more. St. Lucia Passport is ranked 32 and offers amazing global mobility. 

Other benefits include the fact that there is no physical presence required & no minimum residence period required. 

In addition;

  • Attractive program and processing costs (from just $ 100,000 plus due diligence fees).
  • Dual citizenship recognized.
  • Attractive tax regime. No tax on worldwide income.
  • Your entire family is eligible, including your spouse, dependents, parents and siblings.
  • Short investment period of 5 years if you go for real estate investments or government bonds.
  • Investment is required only after approval. Complete investments after receiving citizenship application approval.

 

What Happens In St. Lucia When You Buy Your Citizenship?

For smaller nations like St. Lucia, each donation, bond, enterprise project, company, or real estate investment helps to bolster the economy, with a large part of the funds accumulated being directed to enhance the tourism infrastructure, increase capital, and bring wealth into the country.

CBI, or Citizenship by Investment, is a window of opportunity for investors and business owners to live and conduct their business at an international level. And most importantly, it protects you and your family against any problems associated with your home country during these crazy times. Plus, having a 2nd passport allows you permanent access to that country and possibly additional countries that your original passport does not allow access to. 

 

Investment Options

 

Donation to the National Economic Fund

Real Estate

Government Bonds

Enterprise Projects

COVID-19 Relief Bonds

Minimum Investment amount

From 

$100,000

From

$300,000

From

$500,000

From

$1,000,000

From 

$250,000

Return on Investment

No

Yes, 3-5%

No

Depends on the project

No

Holding period

None, it’s a non-refundable Contribution

At least

5 years

At least 

5 years

No

At least 5 years

Notes

 

Yes

No

The minimum amount is given for joint investments

This is a limited-time option

*Legal Fees and additional expenses are not included in these investment options

 

Requirement of Documents

Applicants should consider the list of documents required for citizenship by investment in St. Lucia is long and can be challenging to fill out. It is important to work with a professional that has a proven track record in applying for your citizenship

Our team here at Expat Money will help you to organize and apply for the documents that are required for the Citizenship by Investment Unit. We’ve found that if these documents are not done correctly, the process can take considerably longer than expected and, in the end, cost you more money than expected.  Once we have fulfilled the requirements, there will then be several supporting documents needed to finalize the process.

 

Translation of Documents

All documents must be in English. If the documents need to be translated, the translation must be done by a translator who is authorized to act professionally in this capacity. All text, seals and signatures of the original document must be translated. It is preferable to apostille all documents to better your circumstances with the application and waiting periods.

 

Certification Of Documents

Where a document is required to be produced in support of the application for citizenship by investment, it must be certified and authenticated in accordance with the law of the jurisdiction from where the document originates. Again having the documents apostilled would greatly help your circumstances.

 

Including Family

As of June 2020, the St. Lucia citizenship by investment program allows the main applicants to include their families in the application. That includes your spouse, all children under the age of 21 and any dependent children between 18 and 30, mentally or physically challenged dependents, children and/or parents, parents and/or grandparents aged 55 or above, and siblings of the main applicants if below the age of 18, unmarried, and who’ve received consent from his or her parent or guardian to apply for citizenship by investment. A second passport from St. Lucia will be granted to each individual included in the application.

 

Application Processing Time

To obtain a second passport through the St. Lucia citizenship by investment program, you will need approximately 5 months. When you and I chat, we will discuss the type of program you wish to invest in. I will assist you in obtaining the correct documents, and then we will submit your application to the Citizenship by Investment Unit.

When the Unit receives your application, they will proceed with a background check, and if all goes well, you will be approved. At that point, you will have 60 days to make a qualifying investment and provide proof of your investment.

On or about the 5th month, you will pay the passport fee, and you will obtain your Certificate of Registration.

You are now a citizen of St. Lucia. Congratulations!

 

Requirements For St. Lucia Citizenship By Investment Program

  • Applicant must be at least 18 years old 
  • Have a clean criminal record 
  • Good health 
  • Pass due diligence procedures and pay the required non-refundable due diligence fees
  • Not be on a sanctioned list or have entry restrictions or visa denial in the EU, the UK, the U.S.A. or Canada
  • Make the required investment and provide detailed information, and show proof of the investment

 

Tax Considerations

Saint Lucia residents and citizens enjoy relatively relaxed tax conditions. There are no capital gains, inheritance tax, or wealth tax on worldwide income or assets. Only income that is sourced within their territories will be taxed.

Related content: Dominica - How To Get A Second Passport

 

Conclusion

Having a second passport from St. Lucia could possibly be the smartest thing you have ever done, especially if you are married or have a family. This is something that your children will benefit from and possibly their children to come.

If you are sitting waiting for the world to get calmer and better, you may be waiting a long time. Now is the time to get a new passport. Please don’t wait. If you wait, so many circumstances can change. 

  • The price can go up (it never comes down), 
  • They can dismantle the program (Cyprus did it), 
  • They can modify the requirements (Panama did it with their Friendly Nations Visa). 

This will not get better, so act now.

Every day we get a call regarding second residencies and second passports, and those numbers are coming in faster daily. St. Lucia has an amazing program, and with our assistance here at Expat Money, you could possibly have your new passport in as little as 5 months.

 

WORK WITH ME

I help my clients to move offshore for freedom, privacy and autonomy by focusing on the immigration, legal, and tax issues that you will face when becoming an expat. If you would like to work one-on-one with me on getting out of Canada or the USA (or setting up a Plan-B location), then read this important letter and fill in an application form to become a Private Client. My fees are not cheap; however, I can assure you that when you work with a professional firm like ours, the results will be worth it.

 

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Mikkel Thorup

Written by Mikkel Thorup

Mikkel Thorup is the world’s most sought-after expat consultant. He focuses on helping high-net-worth private clients to legally mitigate tax liabilities, obtain a second residency and citizenship, and assemble a portfolio of foreign investments including international real estate, timber plantations, agricultural land and other hard-money tangible assets. Mikkel is the Founder and CEO at Expat Money™, a private consulting firm started in 2017. He hosts the popular weekly podcast, the Expat Money Show, and wrote the definitive #1-Best Selling book Expat Secrets - How To Pay Zero Taxes, Live Overseas And Make Giant Piles Of Money.

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