World_map-10-St Lucia

St Lucia

Country profile

St Lucia is a Caribbean island with a tumultuous history that saw it frequently switch between French and British colonial rule. Integration between these two European cultures is manifested in St Lucia’s adoption of both civil and common law, as well as in the widespread use of French and official use of English. The culture of St Lucia has also been influenced by African heritage as, under British rule, enslaved Africans were brought in to work the land. St Lucia is a renowned vacation destination, and travel and tourism normally contribute more than 40 per cent of the nation’s GDP. St Lucia’s ‘Pitons’ – twin mountains of volcanic origin – are a UNESCO World Heritage Site.

  • Official name: St Lucia
  • National anthem: Sons and Daughters of Saint Lucia
  • Location: Caribbean, Americas
  • Capital city: Castries
  • Official language: English
  • Independence: 22 February 1979, from the United Kingdom
  • Government type: Constitutional monarchy with a parliamentary democracy
  • Head of State: Monarch represented by the Governor General
  • Head of Government: Prime Minister
  • Basis of legal system: English common law; French civil law
  • Currency: Eastern Caribbean dollar
  • Climate: Tropical
St-Lucia
report

Programme Profile

The St Lucia Citizenship by Investment Programme

  • The Caribbean’s newest economic citizenship programme, inaugurated in January 2016
  • Uncertainty caused by calls to repeal certain aspects of the Programme and, potentially, discontinue it
  • Four investment options:
    • A contribution to St Lucia’s National Economic Fund (NEF), reduced since 1 January 2017
    • An investment in a Government-approved real estate project to be held for five years, with only two approved projects available to date
    • The purchase of non-interest-bearing government bonds. A limited time offer, in place until 31 December 2021, reduces costs and varies hold periods. The standard government bonds option also remains in place.
    • An investment in a Government-approved enterprise project that creates at least three permanent jobs, or in a joint venture that creates at least six permanent jobs
  • Due Diligence Fees are always levied. Processing Fees apply under all options except for investments in real estate and the government bonds limited time offer, while Administration Fees apply only to the real estate, government bonds, and enterprise project options.
  • Applications are processed by the Citizenship by Investment Unit
  • Approvals or denials are usually returned within three months of submission
  • No English, business skills, education, or interview requirement
  • No need to reside in St Lucia or travel to the island