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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 life. But 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.
Located just a 3–hour 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.
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 Anatoly Letaev developed the theory of flags into the philosophy and community of Freedom Unlockers.
Curious? Contact our specialist!
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 % |
We offer free consultations, understanding how important it is for the client to make the only correct decision
Interested? Don’t hesitate to get in touch with our manager to get more details!
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 |
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 it, the following benefits are also associated with St. Lucia citizenship:
The simplest way to get St. Lucia citizenship is through a Citizenship-by-Investment program. Basically, there are five investment options:
As can be seen, all the investment options differ, and you can choose the one that suits you best.
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 a community of free and successful, do not hesitate to apply for our free consultation!
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