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Why Americans choose St. Lucia citizenship

17 November 2021

The island of St. Lucia is proudly known as one of the biggest Caribbean islands. According to Imidaily, the country’s business environment has attracted many immigrants from all over the world. And that is only one of the things that make St Lucia a great place to enjoy a fantastic quality of lifeBut what you probably didn’t know — this country is highly-popular among American CBI investors physically relocating to Saint Lucia!  

Just try to imagine what your life would look like if you lived in Saint Lucia? What would be the benefits? And overall, your way of living? It may not be easy, especially if you have never been to this country. However, the small tips below may help you to see the whole thing.  

Benefits of living in St Lucia as a US ex-pat

  1. Tax exemptions 
  2. Low cost of living 
  3. Proximity and connection to the USA 
  4. Top-quality of life 
  5. Beautiful Caribbean Island 

Why Americans choose St. Lucia citizenship — Migronis

If you lived in Saint Lucia instead of the United States, you would:

  1. Spend~80% less on children education  
  2. Pay 51.7% less for housing 
  3. Pay 84.4% less for childcare 
  4. Pay 40% less on entertainment and sports 
  5. Pay 63% less for restaurants 
  6. Save money on rent 
  7. Spend less money on food 
  8. Benefit from zero taxes 
  9. And much more! 

Located just a 3hour flight from Hewanorra and Miami, St Lucia is easy to get to via dozens of direct flights from countries like the UK, the USA, Canada, and many others.  

What can Migronis do for you? 

When it comes to the immigration process, it’s always best to seek out the help of experienced professionals.  

Since 2012, Migronis has been helping people from all over the world to become global citizens. Its founder AnatolyLetaevdeveloped the theory of flags into the philosophy and community of Freedom Unlockers.  

Curious? Contact our specialist!

Living costs for US citizens in St Lucia

Life in Saint Lucia can benefit you in many ways.  

Beginning from the rental prices, which are 61.07% lower than in the USA, and ending the minor cup of coffee, your choices can lead to major savings and change the quality of your life.  

Living costs St. Lucia USA Difference
Meal in an inexpensive restaurant $5.55 $15 63%
Beer (0.5 liter draught) $1.85 $5.00 63.00 %
Water (0.33 liter bottle) $0.89 $1.56 42.67 %
McMeal at McDonald's $7.70 $8.00 3.75 %
Cappuccino $2.62 $4.34 50.66 %
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment $71.23 $167.72 57.53 %
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child $163.27 $934.27 82.52 %
Apartment (1 bedroom) in City Centre $360.77 $1.344.03 73.16 %
Apartment (3 bedrooms) in City Centre $1.233.40 $2.191.72 43.72 %

 

Interested in more detailed information?

We offer free consultations, understanding how important it is for the client to make the only correct decision 

  1.        We work only in the field of investment immigration, integrating gained experience into theinvestor’s goal
  2.        We work only with official programs of the European Union and Caribbean countries
  3.        Before signing the contract, we inform our clients about any additional fees and expenses
  4.        We conduct a screening to assess the investor’s chance of obtaining the desired citizenship
  5.        We oversee the process at each stage and work exclusively towards the result
  6.        We are in touch 24/7

Interested? Don’t hesitate to get in touch with our manager to get more details! 

 

The tax rates in St. Lucia and their comparison with the USA

Tax residents of St. Lucia can benefit from one of the lowest tax rates in the world. Just as an example, corporations registered in this country have no limits on foreign exchange transactions. And investors can trade in any currency they wish. In addition, there are no inheritance, capital gains, withholding, and many other taxes, which makes this country especially attractive for high-net-worth individuals!   

 

Taxes Saint Lucia USA Difference
Property tax

Residential property

0.25% of the fair market value tax 40% 98.3%
Property tax

Commercial property

0.4% 40% 98.3%
Inheritance tax No 40%
There is no federal inheritance tax, but the Internal Revenue Service taxes all the assets the person leaves after his death
100%
Capital gains tax No 15-20% 100%
Withholding tax No 30% 100%
Income tax No — for non-residents

10-30% — for residents

10-37% 100% — for non-residents

7% — for residents

Income tax for companies People are taxed on income derived from Saint Lucia only

Resident companies —30%

Non-resident companies — 25%

21% 100% — for income derived from other territories (other than St. Lucia)

9% — for resident companies

4% — for non-resident companies

Bank interests No 10-37% 100%
VAT Most goods are exempt from VAT:

Exported goods.

Duty-free goods.

Fuel & energy.

Water.

Electricity

Services exempt from VAT:

Residential rental on a domestic level.

Education services.

Finance services.

Services in insurance.

Medical service.

Local transportation.

Essentials such as chicken, milk, bread

The hotel sector and all related service providers —7%

No VAT

Why Americans choose St. Lucia citizenship — Migronis

 

How to get a St. Lucia passport

Apart from the financial gain on the living costs and favorable tax system, one can highlight the advantages of the St. Lucia passport. The passport of this country gives you visa-free access to 146 countries, including Schengen Area, the UK, Hong Kong, Singapore, and other powerful states. In addition to itthe following benefits are also associated with St. Lucia citizenship 

  1. Possibility to get long-term visas to the USA and Canada 
  2. No global income, dividends, wealth, and inheritance tax 
  3. Benefits for children in British universities 
  4. All family members can obtain citizenship within 1.5-2 months 
  5. Fully remote procedure 

The simplest way to get St. Lucia citizenship is through a Citizenship-by-Investment program. Basically, there are five investment options: 

  1. Donation to the National Economic Fund 
  2. Investment in real estate 
  3. Investment in government bonds 
  4. Investment in enterprise projects 
  5. Investment in Privileged Bonds 

As can be seen, all the investment options differ, and you can choose the one that suits you best.  

The last thing…

The passport of Saint Lucia has many advantages. This is a popular choice among many investors looking for a better quality of life. And if you want to join community of free and successful, do not hesitate to apply for our free consultation! 

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