Looking To Apply For A Saint Lucia Passport? Must Read This Once

Looking To Apply For A Saint Lucia Passport? Must Read This Once

Investing in the Saint Lucia passport means taking responsibility for the safety of workers, protecting the environment, and respecting workers’ rights. There are several government agencies and departments that help investors make wise investments. In particular, the Ministry of Commerce oversees the Invest Saint Lucia program, which offers liberal tax holidays, duty-free machinery and raw materials imports, and tax relief on export earnings. Here, in this article, you will get complete information about Saint Lucia’s passport.

Investors with a Saint Lucia passport have many benefits and advantages, including the ability to travel to more than 140 countries and the right to vote. The passport also grants holders visa-free access to the EU and the UK for up to 90 days. It also entitles them to stay in the United States for up to six months without a visa. However, this opportunity does come with a price.

The Saint Lucia government recently lowered the fees for citizenship by investment programs from $200,000 to $100,000, resulting in a dramatic reduction in the cost of obtaining a passport. The process is much faster than before, taking just 3-6 months from start to finish. Depending on your situation, you may be able to complete the process in the comfort of your own home.

To acquire Saint Lucia citizenship, an applicant must invest at least US$3.5 million in a commercial project to create at least three jobs. The contribution can be divided among two or more applicants. Applicants should choose an approved business project within the cruise docks, agriculture factories, pharmaceutical companies, bridges, and research organizations, among others. Applicants under 16 can invest as little as $5 thousand. Investing in these projects allows the applicant to enjoy all the benefits of being a citizen of Saint Lucia.

Investors with a Saint Lucia passport can take advantage of the country’s attractive tax laws. Saint Lucia treats foreign and local investors equally as a member of the Organization of Eastern Caribbean States. Nonresidents are exempt from paying capital gains and income tax on global investments. If you are investing in Saint Lucia, this information will be helpful for you. Moreover, you can make a better decision when getting this passport.