Javier Correa, a Research and Development Associate specializing in Caribbean taxation, dives into the enticing world of St. Lucia. He explains St. Lucia's appeal as a top destination for Citizenship by Investment, highlighting its unique tax benefits. Discover how residency opens doors to remittance-based taxation and the absence of capital gains tax. Javier emphasizes the lifestyle enhancements that come with moving to this tropical paradise, making it not just a backup plan, but a smart financial strategy.
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Choose St. Lucia Passport Benefits
Consider St. Lucia if you want a popular second passport with unique bond investment options.
Evaluate travel benefits to EU, UK, Ireland, and Schengen zone from St. Lucia passport.
insights INSIGHT
St. Lucia Taxation Basics
St. Lucia citizenship does not trigger tax obligations just by holding the passport.
Tax applies only if you become a resident and remit foreign income to St. Lucia.
insights INSIGHT
Citizenship vs Taxation Explained
Citizenship by investment does not equal citizenship-based taxation.
Only the U.S. (and limited Eritrea) taxes citizens worldwide regardless of residence.
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Javier joins us today to discuss St Lucia. St. Lucia is one of the original Citizenship by Investment nations along with its fellow Caribbean Islands, and is amongst the most popular second passport countries in the world. But how about not just having it as your plan B and actually moving to this tropical paradise? How would this impact your lifestyle and more importantly, how would it influence your taxes?
Nomad Capitalist helps clients "go where you're treated best." We are the world's most sought-after firm for offshore tax planning, dual citizenship, international diversification, and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors.
We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country.
No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't.
DISCLAIMER: The information in this episode should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
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