saint lucia real estate
Can Foreigners Buy Property in St. Lucia?
At Paradise Properties, we meet clients from all over the world who ask the question, Can foreigners buy property in St. Lucia?
Yes, foreigners can buy property in St. Lucia.
Foreign nationals regularly buy property in St. Lucia. Foreign buyers make up about 50% of real estate sale volume. There are many foreign nationals who live on the island and there is a strong expat community.
St. Lucia's Beautiful Landscape Attracts Buyers from All over the World
People who buy property in St. Lucia come from all over the world. Americans are the largest group of international buyers. They make up 51%. The UK represents 25% of international buyers. Canadians make up 10% of foreigners buying in St. Lucia, while Caribbean nationals account for 9%. Germany and France account for just under 1% each. There is also a small, but equally welcome number of expats from the rest of Europe and Asia.
Chart Showing Where International Buyers Come From
Some international buyers live on the island part time, spending a few months out of the year enjoying their vacation home. Others choose to live on the island permanently.
Whatever your lifestyle choice, there is a pathway for you. Foreigners buying property in St. Lucia have 2 options:
1 - The Alien Landholding License
This gives foreign nationals the right to buy a single property in St. Lucia. The license is permanent and does not need to be renewed. Holders of the alien landholding license are eligible for an Investor Entrance Permit, which grants visa free entry to the country for up to 6 months at a time. There is a US$5000 application fee plus legal fees.
2) Citizenship by Investment
Foreign nationals may acquire St. Lucian citizenship through an investment program. The program offers investment via the following:
- US$100,000 investment in the National Economic Fund
- US$200,000 investment in an Approved Real Estate Project
- Approved Enterprise Projects
- US$300,000 investment in the National Action Bond
St. Lucia is a magical island with outstanding natural beauty and lovable people. It is no wonder that foreign nationals often buy real estate here. Paradise Properties takes pride in helping people accomplish their real estate goals. Start your move by browsing our listings!
