Published
March 22, 2024
Category
Citizenship by investment programs

Benefits of St. Lucia passport

In an ever-evolving world, the significance of international mobility and dual citizenship has become paramount for individuals seeking to expand their horizons and secure their future. The St. Lucia passport, a powerful travel document, offers plenty of benefits, making it an enticing option for wealthy investors and individuals from countries with less favorable passport reputations. Saint Lucia passport offers numerous advantages, including its visa-free travel access, favorable tax benefits, streamlined application process, and potential for passing down citizenship for generations. Let us explore how this coveted passport opens doors to new opportunities and enhances the lives of those who possess it.

Benefits of traveling with Saint Lucia passport

The St. Lucia passport is a gateway to unparalleled freedom, offering visa-free or visa-on-arrival access to over 138 destinations worldwide. This coveted travel document has become a valuable asset for both globetrotters seeking new adventures and business travelers exploring international opportunities. With its extensive list of visa-free countries, the St. Lucia passport empowers its holders to embark on journeys without facing the obstacles of visa barriers, making travel more convenient and enjoyable.For those dreaming of exploring the cultural wonders and breathtaking landscapes of Europe and Asia, the St. Lucia passport presents an array of exciting opportunities. The Schengen Area, comprising 26 European countries, allows St. Lucia passport holders to stay for up to 90 days within any 180-day period, providing ample time to discover the charm of these diverse nations. Holders of this esteemed passport can traverse the Schengen Area and beyond without the need for a visa.  Whether it's savoring the architectural marvels of Italy, relishing the rich history of Greece, or indulging in the vibrant culture of Spain, the possibilities are boundless.

Schengen area:

90 days within any 180-day period

United Kingdom: 90 days within any 180-day period

180 days a year

United States

10-year US visa

Besides opening opportunities in Europe and Asia, the St. Lucia passport opens doors to embrace new opportunities in the United Kingdom. With this passport in hand, individuals can explore the bustling streets of London or engage in business ventures in these dynamic nations.

Tax benefits of St Lucia passport 

The St. Lucia citizenship by investment program offers a range of enticing tax benefits to investors, making it a highly attractive option for those seeking financial advantages alongside global mobility. Through strategic legislation and Cabinet grants, the country provides investors with various incentives, including income tax and capital gains tax deductions. Under the Fiscal Incentives Act, the Tourism Incentives Act, the Special Development Areas Act, and other concessions, St. Lucia offers an array of fiscal advantages to eligible investors.

  • Reduced residency requirements and unrestricted living: In St. Lucia and neighboring Island States, along with access to various government services.
  • Income tax incentives and fiscal concessions under the Fiscal Incentives Act, Tourism Incentives Act, Special Development Areas Act, and Cabinet-granted concessions.
  • Duty-free importation of raw materials, machinery, components, spare parts, and inputs for manufacturing, as well as construction materials and equipment for hospitality products.
  • Income tax waivers of up to 100% for companies engaged in manufacturing, tourism, agriculture, and employment-generating activities, lasting up to 15 years.
  • Whole or partial waivers of property tax: Besides property tax the waivers apply on stamp duties, Alien Landholding Licence fees, WHT, and VAT for specific areas or industries.
  • Guaranteed repatriation of capital and dividends; tax-free remittance of profits and dividends not subject to WHT.
  • Export allowances for goods manufactured in St. Lucia and exported, entailing tax exemption for export activities for up to ten to 15 years.

Streamlined application process for St Lucia passport

Embarking on the journey to obtain St. Lucia citizenship through the citizenship by investment program is an exciting endeavor that opens doors to a world of possibilities. The St. Lucia government has streamlined the application process, making it efficient, transparent, and accessible to eligible investors. We will guide you through the steps involved in the application process, from choosing a trusted partner firm like Mirabello Consultancy to receiving your St. Lucian citizenship and coveted passport.

Step 1:

Selecting the right partner firm is the first and crucial step in your St. Lucia citizenship by investment journey. Collaborating with a reputable and experienced firm ensures a smooth and successful process ahead. Take the time to research and assess various firms, seeking one that aligns with your aspirations and requirements. A trusted partner firm will guide you through the entire application process, providing valuable insights and expert advice to make informed decisions.

Step 2:
Thorough and accurate documentation forms the backbone of a successful citizenship application. To expedite the process, dedicate sufficient time to gather all the required documents. These may include financial statements, identification papers, proof of source of funds, and other necessary forms. Attention to detail during this stage is crucial as it ensures that your application is complete and ready for submission.

Step 3: 

Once your documentation is meticulously prepared, submit your application through your chosen partner firm to the Citizenship by Investment Unit (CIU) of St. Lucia. Timely submission is essential to avoid delays in the processing timeline. The CIU will review your application, and any missing or incomplete information may lead to processing delays. By working with a trusted partner firm, you can stay informed about the status of your application throughout the review process.

Step 4: 

Patience is key during this stage, as the CIU diligently reviews each application. While waiting for approval, stay in close communication with your partner firm, who will provide regular updates on the status of your application. Their expertise ensures that any potential hurdles are addressed promptly, ensuring a seamless and timely process.

Step 5: 

Upon approval of your application, you will be required to make the investment as per your chosen pathway in the St. Lucia citizenship by investment program. This may involve contributing to the National Economic Fund, investing in approved real estate projects, or opting for the National Action Bond. Your partner firm will guide you through the investment process, ensuring compliance with the program's requirements.

Step 6:

Following your successful investment, you will receive the official Certificate of Citizenship, marking a significant milestone in your journey to becoming a St. Lucian citizen. Alongside this certificate, you will also obtain the coveted St. Lucia passport, granting you visa-free access to a multitude of destinations worldwide.

Passport validity 

5 years validity 

Visa free travel 

138 countries 

Processing time

4-6 months 

While the St. Lucia citizenship by investment program offers an attractive pathway to global mobility, it is essential to note that not everyone is eligible for citizenship.Only applicants submitted by authorized and reputable consultants can be considered for the St. Lucia passport. As an established law firm, we have built strong relationships with the relevant authorities, allowing us to submit applications on behalf of our clients, increasing the likelihood of a successful outcome.

CONTACT US FOR CONSULTANCY

At Mirabello Consultancy, we take pride in providing professional guidance and expertise to individuals seeking to obtain the coveted St. Lucia passport through the citizenship by investment program.

FAQ 

How to choose a trusted agency to help obtain citizenship in St Lucia in 2023? 

Do research and trust your guts. At Mirabello Consultancy, Our team of experienced consultants works closely with you to understand your specific requirements, preferences, and long-term goals. At the core of our approach lies the belief that good investment can be achieved through diversity, innovation, and environmentally friendly practices. With this philosophy in mind, we strive to guide our clients towards sound investment decisions that not only align with their financial objectives but also contribute positively to society and the environment.

How to choose investment programs for St Lucia passport? 

Clarify your objectives and desired benefits.

Research the NEF (Saint Lucia National Economic Fund) and real estate investment options.

Seek guidance from a reputable law firm or consultant such as Mirabello Consultancy.

Review the application process and timelines.

Consider long-term implications and alignment with your goals.

Verify the program's legitimacy and government authorization.

How to Get a Saint Lucia Passport?

Choose a reputable Immigration Agency or consultant experienced in St. Lucia citizenship by investment.

Select an investment option: National Economic Fund or approved real estate projects.

Prepare necessary documents and submit your application through your chosen representative.

Wait for approval and make the required investment.

Upon approval, receive your St. Lucia passport and enjoy its benefits, including visa-free travel and global mobility.

Why work with Mirabello Consultancy? 

A crucial part of the St. Lucia citizenship by investment program is the investment aspect, which involves contributing to the National Economic Fund or participating in government-approved real estate projects. With our in-depth knowledge of the local real estate market and investment landscape, we assist you in selecting the best property and creating a customized plan to optimize your investment. At Mirabello Consultancy we value transparency and efficiency are the cornerstones of our services. We keep you informed at every stage of the application process, providing regular updates on the status of your application and ensuring that you are well-prepared for each step

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