St. Lucia is a genuine treasure of the Caribbean region, attracting a steady flow of tourists and investors. Its strategically advantageous location, incredible nature, and excellent citizenship by investment program make the country popular among those looking for new opportunities for life, business, and recreation.
Obtaining a St Lucia passport is simpler here, thanks to a program that allows investors visa-free access to more than 140 countries. Also, the island offers favorable tax conditions and developed tourism infrastructure. Let’s discuss in more detail why St. Lucia is a paradise for investors and travelers.
Why is the Island Popular Among Tourists?
Tourism is an essential sector of the country’s economy. The tropical climate and government assets in the tourism sector mean the following benefits for travelers:
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Picturesque beaches with white sand, crystal clear water, and unique natural parks.
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Warm tropical climate all year round.
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Luxury resorts, first-grade hotels, eco-resorts, and private villas.
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Diving, surfing, yachting, and trekking are available for lovers of active recreation.
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A clean climate due to the absence of big production and distance from crowded megacities.
Also, the country has a low crime rate, a hospitable local population, and a rich gastronomic culture.
Prices for Vacations in St Lucia
Considering the financial aspect, there are options for diverse budgets. Minimum and average prices for holidays are calculated as follows:
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A 3-star hotel price starts at $100, and luxury hotels start at $400.
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Depending on the model, renting a car for a day costs $50 or more, while a taxi costs $20-30 per trip.
Dinner in a middle-class restaurant starts at $20-50, while an expensive establishment sets a check starting at $100.
Since tourism is the country’s primary source of money inflow, new entertainment, hotels, and restaurants open regularly.
Benefits for Investors
The Citizenship by Investment (CBI) program launched in 2015 is an immaculate choice for entrepreneurs. It allows them to protect assets and receive numerous benefits, in particular:
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Visa-free travel to more than 140 countries, including the Schengen region, Singapore, Hong Kong, and the UK.
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Stable economic growth and a reliable political environment.
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Affordable investment thresholds start from $240,000, which is more favorable than most countries offering similar programs.
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Loyalty to foreign investors, meaning no taxes on global income, inheritance, and dividends.
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Flexible investment opportunities allow you to invest money in real estate that you can rent out to tourists.
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When investing in business projects, the state-approved list offers investments in the tourism, IT, agriculture, and renewable energy sectors.
In addition, the officials process applications relatively quickly. An investor can receive a passport for them and their family in 3-4 months after submission. The authorities don’t require language tests or mandatory residence on the island for a strictly specified period.
Investment Options Available
Today, there are three investment options for obtaining St. Lucia citizenship:
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Government donations imply a non-refundable contribution to the National Economic Fund (NEF). If the investor wants to obtain residency for family members, they must pay an extra fee. For example, for each dependent under 18, the amount is $10,000, and for those over $18,000-20,000.
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Investment in government-approved real estate for $300,000. It is essential to mention that the applicant must own the property for 5 years after the purchase. This allows for the avoidance of a negative impact on citizenship status.
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Investment in government-approved business projects for $250,000 with a retention period of 5 years.
The St Lucia program benefits investors with a low minimum threshold and administrative fees. Compared with the entry thresholds in Austria, Malta, Turkey, or Singapore, this Caribbean country is more accessible.
Saint Lucia: A Paradise for Living, Investing and Tourism
St. Lucia is a country with tremendous investment potential. With a low entry threshold and flexible conditions, its life-saving citizenship by investment program wins over its “competitors.” A stable business climate, and an actively developing tourism sector make the country attractive for profitable capital investments and tourism.
St. Lucia is a unique combination of a tropical paradise, incredible government programs, and opportunities for new investments.
Disclaimer:
CBD:
Qrius does not provide medical advice.
The Narcotic Drugs and Psychotropic Substances Act, 1985 (NDPS Act) outlaws the recreational use of cannabis products in India. CBD oil, manufactured under a license issued by the Drugs and Cosmetics Act, 1940, can be legally used in India for medicinal purposes only with a prescription, subject to specific conditions. Kindly refer to the legalities here.
The information on this website is for informational purposes only and is not a substitute for professional medical advice, diagnosis, or treatment. Always seek the advice of your physician or another qualified health provider with any questions regarding a medical condition or treatment. Never disregard professional medical advice or delay seeking it because of something you have read on this website.
Gambling:
As per the Public Gambling Act of 1867, all Indian states, except Goa, Daman, and Sikkim, prohibit gambling. Land-based casinos are legalized in Goa and Daman under the Goa, Daman and Diu Public Gambling Act 1976. In Sikkim, land-based casinos, online gambling, and e-gaming (games of chance) are legalized under the Sikkim Online Gaming (Regulation) Rules 2009. Only some Indian states have legalized online/regular lotteries, subject to state laws. Refer to the legalities here. Horse racing and betting on horse racing, including online betting, is permitted only in licensed premises in select states. Refer to the 1996 Supreme Court judgment for more information.
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