Saint Lucia is a volcanic formation and one of the Windward Islands, part of the Lesser Antilles and located north of the island of Saint Vincent, northwest of Barbados and south of Martinique. Saint Lucia has a warm, tropical climate, somewhat moderated by trade winds. Summers and winters are warm, with more precipitation occurring during summer time.
The dominant industries on Saint Lucia were traditionally the banana crop industry and the tourism industry, although many other crops are exported, along with refined petroleum, broadcasting accessories, and beer and other beverages. Significant infrastructure improvements in roads, water distribution, port and airport improvements have helped to diversify and improve the economy. Saint Lucia receives significant investment in tourism, and Hess Oil has built a large petroleum storage and shipment terminal on the island. Efforts are underway to encourage the growth of a larger variety of crops, to reduce the traditional reliance on the banana crop.
Saint Lucia’s Citizenship by Investment Programme is an excellent opportunity for high net worth investors to gain a second citizenship. The application process is straightforward and fast, there are no residency requirements, dual citizenship is allowed, and family members can accompany the investor on the application. On top of all that, investors with a Saint Lucian passport can travel to over 100 countries without a visa, including the European Union member states. Saint Lucia is a tropical paradise and an unparalleled residency solution.