St. Lucia is a volcanic island located in the Caribbean in the Atlantic Ocean. The country falls between Martinique and St Vincent. St. Lucia ‘s total area is 620 square kilometers, it is home to a population over 180,000 St. Lucian citizen.
Although 95 percent of the country’s population speak Creole French, the official language in St. Lucia is English. The country is a member of the British Commonwealth and the United Nations and the legal system in Saint Lucia is well-respected and based on English law.
The citizenship by investment program of St. Lucia entails no capital gains or inheritance taxes in. Individuals who have invested in the country’s program will not be subjected to tax on worldwide income if they’re not residing in St. Lucia. The currency in St. Lucia is the Eastern Caribbean dollar (XCD) which is pegged to the U.S dollar.
The weather is relatively the same for most Caribbean Islands where St. Lucia enjoys a tropical climate for the most part of the year.
The export of bananas, beer, and petroleum oils is the main contributor to the country’s economy. However, tourism plays a key role attracting more foreign direct investment to the country, as well as contribute directly to the country GDP.
To know more about investing in St. Lucia’s second passport and dual citizenship program, please contact us or send a call back request and one of our specialists will contact you to discuss your needs.