Are you currently considering acquiring Caribbean citizenship by investment? With several high-quality investment programs available, deciding which program to pick can be challenging. That’s why we’ve written this informative St Lucia vs Dominica citizenship guide highlighting the differences between two of the five Caribbean countries offering citizenship by investment programs.
Benefits of St Lucia and Dominica Citizenship by Investment Programs
St Lucia vs Dominica Citizenship: At a Glance
Program Characteristics | St Lucia Citizenship by Investment | Dominica Citizenship by Investment |
Application Time | Three months | Three months |
Passport Global Ranking | 75th. Visa-free travel to EU Schengen States, the UK, Hong Kong, and Singapore, amongst others. | 78th. Visa-free travel to EU Schengen States, Hong Kong, Singapore, Russia, and China, amongst others. |
Qualifying Investment | NEF minimum donation: $100,000 (single applicant) / $150,000 (family of four) Real Estate: $200,000 minimum investment Investment routes: National Economic Fund, real estate, enterprise, government bonds | EDF minimum donation: $100,000 (single applicant) / $175,000 (family of four) Real Estate: $200,000 minimum investment Investment routes: Economic Diversification Fund, real estate |
Taxes | No tax on capital, wealth and inheritance tax | No wealth, gift, inheritance or capital gains tax |
Residence Rule | No stay requirements | No stay requirements |
Family Eligibility | Inclusion of spouse, children, siblings under 18 and parents and grandparents over 55 | Inclusion of spouse, children, and parents and grandparents over 65 |
Application Requirements | No residence or visitation requirements. Plus no interview, education, or managerial experience necessary | No residence requirements. Plus no managerial experience necessary |
Saint Lucia Citizenship
Since 2015, the country has run its very own St Lucia Citizenship by Investment Program, which grants citizenship to investors and their families in exchange for a qualifying investment of at least $100,000. With four different investment routes available, the program is one of the most popular Citizenship by Investment schemes in the Caribbean. In just three months, you can obtain a St Lucia passport which allows visa-free access to more than 140 countries, including Europe’s Schengen zone, the United Kingdom, Hong Kong, Singapore, and more.
Dominica Citizenship
Designed to attract foreign investments, the Dominica Citizenship by Investment program offers citizenship to investors and their families in exchange for a minimum investment of $100,000. With two investment routes available, it has particularly affordable real estate investment options of $200,000. Fast, affordable, and reliable, the program gives investors and their entire families the opportunity to obtain a Dominica passport in three months, with visa-free travel to over 140 countries, along with attractive tax benefits.
In July 2023, Dominica introduced new legislation requiring all applicants aged 16 and over to attend a mandatory interview. These interviews can be attended in person in the Commonwealth of Dominic, or they can be scheduled online.
Which program to pick?
There are five Caribbean islands that each offer a citizenship program – Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis, and St Lucia. When it comes to Dominica vs St Lucia, both countries offer fantastic benefits to their citizens. Both of these islands use the Eastern Caribbean dollar, access to over 140 visa-free countries, laidback lifestyles, and breathtaking natural landscapes. When it comes down to deciding which country is the best option for you, it really comes down to your individual circumstances and the needs that you want the CBI program to meet.
Both Caribbean citizenship by investment programs provide optimal benefits for investors and their families seeking dual citizenship, so which one to pick as a way to your second passport? Overall, it is important to note that both Caribbean countries share some very strong points, such as a minimum investment requirement of $100,000, a short application time, attractive tax benefits, no residence rules nor application requirements, and the inclusion of family members in the application.
Taxes | St Lucia | Dominica |
Income tax | 0 to 30 percent (excl. global income) | 15 to 35 percent (incl. global income) |
Property tax and fees | 2 percent (buyer) 2.5 to 5 percent (seller) | 10.5 percent incl. fees (buyer) 2.5 percent (seller) |
Social contributions | 5 percent | 6 percent |
Taxes on dividends, interest, royalties | No tax on dividends 10 percent on interest and royalties | No taxes |
However, both programs differ on important aspects, which can be crucial when making a choice.
One of the strongest points of the Saint Lucia Citizenship by Investment is the number of investment routes it offers — a donation to the NEF, real estate investment, enterprises, and government bonds. So, if you are looking to broaden your investment portfolio while acquiring a second passport, St Lucia is the best option. On top of that, due to its highly touristic profile, you’ll be able to live a luxury lifestyle and take part in the booming tourist economy. Finally, its passport ranks 75th in terms of passport power (in comparison with 78th for Dominica), which means that you’ll get visa-free access to more countries. Also, even though the minimum investment for a single applicant choosing the donation route, the minimum amount for a family of four is $150,000 in St Lucia, compared to $175,000 in Dominica. And St Lucia is slightly more inclusive with regards to family members, accepting parents and grandparents over 55 (compared to 65 in Dominica) and siblings under 18 – which may make a difference depending on your specific situation.
In conclusion, your decision will have to be based on the type of country profile you favor. If it’s a low-key and untouched island that you’re in search of, you should go for Dominica. If you’re attracted by luxury and a booming tourist industry, then St Lucia is the right choice. In addition, St Lucia citizenship will give you access to more visa-free destinations in comparison, including the United Kingdom, while Dominica offers access to Russia and China. If you’re keen to invest in real estate, both citizenship programs offer an affordable investment opportunity. However, St Lucia has the addition of government bonds, providing more variety. While the cost of these CBI programs varies, St Lucia is ultimately more affordable for large families.
With both Citizenship by Investment programs being excellent, making a decision can be hard. This is why we recommend getting in touch to receive personalized advice on how best to choose.
Why use Global Citizen Solutions?
Global Citizen Solutions is a multidisciplinary firm offering bespoke residence and citizenship solutions in Europe and the Caribbean. In a world where the economy and politics are unpredictable, having a second citizenship opens up opportunities and creates flexibility for you and your family.
So, why work with Global Citizen Solutions to obtain Caribbean citizenship?
- Global approach by local experts: We are corporate members of the Investment Migration Council, with local expertise in all five Caribbean CBI programs.
- 100 percent approval rate: We have never had a case rejected and will offer you an initial, free-of-charge, due diligence assessment before signing any contract.
- Independent service and full transparency: We will present to you all the investment options available, and all expenses will be discussed in advance, with no hidden fees.
- An all-encompassing solution: A multidisciplinary team of immigration lawyers, investment specialists, and tax experts will take into consideration all your and your family's mobility, tax, and lifestyle needs.
- Confidential service and secure data management: All private data is stored within a GDPR-compliant database on a secure SSL-encrypted server.
To see the full list of reasons why to work with Global Citizen Solutions for your Caribbean citizenship application, click here.
Don’t forget to check our other Caribbean comparison articles:
- Caribbean Citizenship by Investment Comparison Guide
- St Kitts and Nevis vs Dominica Passport
- Grenada vs St Kitts Citizenship
- Grenada vs St Lucia Citizenship
- St Kitts vs St Lucia Citizenship
- Grenada vs Dominica Citizenship
- Antigua vs St Lucia Citizenship
- Antigua vs St Kitts Citizenship
- Antigua vs Dominica Citizenship
- Antigua vs Grenada Citizenship
Frequently Asked Questions about Dominica vs St Lucia Citizenship
Can I acquire St Lucia citizenship?
Thanks to the St Lucia Citizenship by Investment, investors and their families can acquire citizenship in three months in exchange for a minimum investment of $100,000. The program offers four different investment routes to its applicants: A donation to the NEF, real estate investment, enterprise, and government bonds. All applications are processed by the Citizenship by Investment Unit.
Can I acquire Dominica citizenship?
Thanks to this Caribbean Citizenship by Investment Program, investors and their families are able to receive a second citizenship in just three months. The qualifying investment has to amount to at least $100,000, and the available investment routes are the Economic Diversification Fund and real estate. All applications are processed by the Citizenship by Investment Unit.
St Lucia or Dominica citizenship: Which one to pick?
Both Caribbean citizenship by investment programs have excellent benefits. Citizenship of St Lucia will give you more visa-free travel access, while citizenship of Dominica is more affordable overall. Both countries, as you can imagine, accept dual citizenship. Dominica allows donations and real estate investments, while St Lucia has the added government bonds option. Costs vary, but St Lucia tends to be more affordable for larger families.
What is the validity of the passport received through St Lucia's and Dominica's citizenship by investment programs?
The St Lucia passport must be renewed after five years initially and then every ten years following this. Dominica passports are generally valid for up to ten years.
Do I need to visit St Lucia or Dominica during the application process for citizenship?
A great benefit of both the Dominica and St Lucia CBI application processes is that they can be completed remotely. Even though Dominica requires its main applicants to partake in a mandatory interview, this is conducted virtually by default. In addition to this, neither country has any residency requirements to maintain citizenship once granted.
Can my family members also apply for citizenship through the St Lucia and Dominica investment programs?
Both Dominica and St Lucia allow family members to be included in your CBI application. This additional dependent must meet the requirements of the country’s program. Dominica allows your spouse, children under 30, and parents and grandparents over 65 to be included. St Lucia allows the inclusion of your spouse, children under 30, parents and grandparents over 55, and siblings under 18.