Located in the heart of the Caribbean, Saint Lucia is beloved by people around the world for its beautiful natural scenery, unique climatic conditions, fresh environment, and the leisurely lifestyle of its locals. At the same time, this country with unique charm welcomes global investors with open arms.
In 2015, Saint Lucia approved the Saint Lucia Citizenship by Investment Act. According to the 2017 amendment, applicants can obtain Saint Lucia citizenship for their entire family of three generations with a donation starting from USD 100,000. The passage and implementation of this act have made Saint Lucia one of the most cost-effective investment immigration programs globally, making it highly sought after!
Immigrating to Saint Lucia not only allows you to enjoy the scenery of a beautiful island, but its favorable tax system can also facilitate your overseas asset allocation.
Saint Lucia implements the following tax exemption policies for its citizens:
1. Exemption from Property Tax
Property tax is a type of tax levied on property owned and controlled by legal entities and natural persons. The objects of property tax can generally be divided into two categories: real estate (such as land and improvements on land) and personal property. Saint Lucia implements a property tax exemption policy for its citizens.
2. Exemption from Overseas Income Tax
Saint Lucia exempts its citizens from overseas income tax on earnings from investments made outside the country, which can effectively preserve overseas investment returns.
3. No Global Taxation
The global taxation system refers to a tax system where a country taxes its citizens and permanent residents on income derived from any country or region in the world. Saint Lucia is one of the few countries in the world that does not implement global taxation, which can effectively save tax costs for global asset allocation.
4. Exemption from Capital Gains Tax
Capital Gains Tax (CGT) is a tax levied on capital gains (profits from buying low and selling high). Common capital gains include earnings from the sale of stocks, bonds, precious metals, and real estate. Saint Lucia implements a tax exemption policy on capital gains.
5. Exemption from Inheritance Tax
Inheritance tax is a tax levied by a country or region on the estate left by a deceased person, sometimes referred to as a "death tax" abroad. Saint Lucia exempts its citizens from inheritance tax, allowing for the effective transfer of family wealth.
6. Exemption from Gift Tax
Gift tax is a tax levied on the donor or recipient based on the value of the gifted property. Saint Lucia is exempt from gift tax.
In addition to tax benefits, there are more exciting aspects to immigrating to Saint Lucia waiting for you to discover.
As one of the Top 500 Asian Brands, WorldWay Group utilizes 22 years of successful professional experience to select investment immigration projects for investors. On the basis of fulfilling the dream of investment immigration, we assist investors in reasonable overseas asset allocation and wealth planning, providing comprehensive services to investors!
For overseas asset allocation, residency comes first! In the 2019 Year of Identity Planning, choose WorldWay for your Saint Lucia passport application! For more details, please call: 400-138-2929.