St. Lucia STAR: "International websites like Homeoverseas.com.uk are saying that St Lucia’s Parliament is currently changing immigration laws to give instant economic residency to foreign citizens investing US$350,000 or more in the island.
According to these sources, the St Lucian government wants to maximize the benefit of having increased airlift into the island by offering visitors the chance to become residents—for less than EC$1m. Homeoverseas.com, in particular, suggests that the government is trying to boost demand for property in St Lucia by offering foreign millionaires a second passport as well as a tax haven. This comes on the heels of changes to the tax regime which gives tax breaks to property owners who rent out their homes to visitors."
According to these sources, the St Lucian government wants to maximize the benefit of having increased airlift into the island by offering visitors the chance to become residents—for less than EC$1m. Homeoverseas.com, in particular, suggests that the government is trying to boost demand for property in St Lucia by offering foreign millionaires a second passport as well as a tax haven. This comes on the heels of changes to the tax regime which gives tax breaks to property owners who rent out their homes to visitors."
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