Are you currently considering acquiring Caribbean citizenship? With several high-quality Caribbean Citizenship by Investment programs available, deciding which program to pick can be difficult. That’s why we’ve written this informative guide highlighting the differences between St Lucia vs Dominica citizenship.
Benefits of St Lucia and Dominica citizenship by investment
St Lucia vs Dominica citizenship: the differences
Both St Lucia and Dominica offer great advantages in terms of their citizenship. Both countries have launched their Citizenship by Investment programs in order to encourage foreign investors to come to their shores.
St Lucia citizenship
Famous for its impressive Piton mountains, lush rainforest, and first-class white sandy beaches, the mesmerizing St Lucia has always been a tourists’ favorite. To attract foreigners, the country has built many new infrastructures such as an international airport, hospitals, top accommodations, and marinas, which eventually led to the development of a flourishing real estate market. Due to its unique combination between luxury and tranquility, the island has attracted many retirees and expat families seeking to relocate to its shores.
Since 2015, the country has launched its very own St Lucia Citizenship by Investment Program, which grants St Lucia 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 you to visa-free travel to more than 140 countries, including Europe’s Schengen zone, the UK, Hong Kong, Singapore, and more.
The low-key but nonetheless stunning Dominica has seen its popularity rise in the last years. Praised for its tranquility and idyllic settings, the island is a terrain to explore for adventure seekers and nature lovers. It’s also a great place to elect if you are looking to acquire a second passport. For the fourth time in a row, Dominica has been elected best country for Citizenship by Investment.
Designed to attract foreign investments, the Dominica Citizenship by Investment program offers Dominica 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 family the opportunity to obtain a Dominica passport in three months, with visa-free access to over 140 countries, along with attractive tax benefits.
St Lucia vs Dominica citizenship: a comparison
|Program characteristics||Dominica Citizenship By Investment||St Lucia Citizenship By Investment|
|Application time||Three months||Three months|
|Passport Global ranking||78th||75th|
|Qualifying investment||Minimum investment: $100,000
Investment routes: Economic Diversification Fund, real estate
|Minimum investment: $100,000
Investment routes: National Economic Fund, real estate, enterprise, government bonds
|Taxes||No wealth, gift, inheritance or capital gains tax||No tax on capital, wealth and inheritance tax|
|Residence rule||No stay requirements||No stay requirements|
|Family eligibility||Inclusion of spouse, children, parents and grandparents||Inclusion of spouse, children, parents and grandparents|
|Application requirements||No residence requirements. Plus no managerial experience or interview necessary||No residence or visitation requirements. Plus no interview, education or managerial experience necessary|
Which program to pick?
Both citizenships provide optimal benefits for investors and their families seeking additional citizenship, so which one to pick? Overall it is important to note that both programs 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 all family members in the application.
However, both programs differ on important aspects which prove to be crucial when making a choice.
One of the strongest points of the St Lucia Citizenship by Investment program is the number of investment routes it offers — National Economic Fund, real estate, enterprises, and government bonds. So if you are looking to broaden your investment portfolio while acquiring additional citizenship, 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, the St Lucia passport ranks 75th in terms of passport power (in comparison with 78th for Dominica), which means that you’ll get access to more visa free countries.
Dominica on the other hand is the epitome of peace and tranquility. Barely touched by tourism, the island is a great place to pick if you’re looking for an affordable Citizenship by Investment program. Elected best country for Citizenship By Investment, Dominica is praised for the affordability and quality of its citizenship. It is also important to note that the Dominica citizenship by Investment offers one of the cheapest real estate investment routes in the Caribbean (($200,000 compared to $300,000 for St Lucia). Therefore, if you’re looking to acquire an additional passport by investing in affordable real estate, Dominica is a great choice to make.
In conclusion, your decision will have to be based on what type of country profile you are favoring. If it’s a low-key and untouched island you should go for Dominica. If you’re rather 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 with Dominica citizenship. However, if you’re keen to invest in real estate, Dominica offers the cheapest investment opportunity.
With both St Lucia and Dominica 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 to choose best.
Frequently asked questions about St Lucia vs Dominica citizenship
Can I acquire St Lucia citizenship?
Thanks to the St Lucia Citizenship by Investment program investors and their families can acquire St Lucia citizenship in three months in exchange for a minimum investment of $100,000. The program offers four different investment routes to its applicants: National Economic Fund, real estate, enterprise, and government bonds.
Can I acquire Dominica citizenship?
Thanks to the Dominica Citizenship by Investment program investors and their families are able to receive a Dominica passport 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.
St Lucia vs Dominica citizenship: which one to pick?
Both St Lucia and Dominica citizenship have excellent citizenship benefits. St Lucia citizenship will give you more visa-free travel access, while Dominica citizenship is more affordable overall.