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No. 1 [Alien Landholding (Licensing) Act ] 2020 SAINT LUCIA No. 1 of 2020

The Government of St Lucia is still encouraging investment to this country by passing the New Alien Landholding (Licensing) Act No 1 of 2020 on 12th March 2020. This Act will facilitate greatly the Aliens License Process.

Here is a synopsis of the Alien Landholding (Licensing ) Act No 1 of 2020 which is also enclosed.

It is a 3 tiered process

1. Alien Certificate of Eligibility
2. Aliens License Application
3. Aliens Investor Entrance Permit

This Act will expedite the Aliens License Process. It claims to make the Due Diligence Process more efficient as the Due Diligence Process is now conducted by the Citizenship by Investment Board(CIB) who have a wealth of experience in conducting due diligence of citizenship by investment applicants

Once the applicant has met the due diligence requirements, the applicant is issued a Certificate of Eligibility. With that the applicant can now proceed to apply for its Aliens License.

An Alien can buy or lease land in St Lucia either as an individual or a Company. The License is valid from 1 to 10 years.

The CIB may grant approval of an application for an aliens landholding license if

• The purchase is 1 acre or less and (b) the land is part of an approved development
• Aliens Investor Entrance Permit – gives one free access to the country and the alien/foreigner can remain in St Lucia. This Permit is valid for the duration of a valid Aliens Landholding Investors License.

If the Aliens Investor is a Company, then that Company is eligible for an aliens investor entrance permit on behalf of the beneficial owner or a shareholder with a minimum of 25%.

Thus the 6 weeks visa permit (previously granted) will no longer be applicable.

CLICK HERE TO DOWNLOAD : New Alien Landholding (Licensing) Act No 1 of 2020

(Excerpt from RASLI President’s Update dated 30/3/20)