SAINT LUCIA INDUSTRY SPOTLIGHT

The island attracts tourists with its topographical contours, silky beaches, lush rainforests, and spirited celebrations, however, with a wide range of sectors, there are myriad reasons to invest in this vibrant paradise

Writer: Rachel Carr | Project Manager: Krisha Canlas

Nestled among the Lesser Antilles group in the Caribbean Sea, Saint Lucia is one of the most unique islands in the Eastern Caribbean. The island competes with other globally renowned destinations with her iconic twin peaks, The Pitons, a UNESCO World Heritage Site, and the Caribbean’s only drive-in volcano.

In addition, the island offers a wide range of heritage and cultural attractions, miles of breath-taking beaches, historical seaports, and a dramatic coastline perfect for sailing, diving, and other ocean adventures. With 13 World Travel Awards for World’s Leading Honeymoon Destination, Saint Lucia enjoys regular airlift and major source markets in the US, United Kingdom, mainland Europe, and the Americas.

Saint Lucia is not only a liveable island, but a lovable one at that. Upon arrival, investors fall in love with the terrain, the people, the food, and the culture. The list of things to love and immerse yourself in as an investor are endless; sprawling golf courses, top rated marinas, abundant fresh produce, fine dining, duty free luxury goods, reliable shipping, lower crime rates, accessible foreign exchange, international schools, and a service-oriented culture with friendly citizens are the main highlights.

As well as having successful business processing outsource (BPO) and manufacturing sectors, cannabis is one of the newer industries seeing interest in investments grow exponentially. The immense economic impact of the cannabis industry was made possible by the relaxation of the laws and regulations surrounding it, alongside responsible legislation.

This is not the only forward-thinking move, as the renewable energy sector is also looking to the future. The geology and tropical geography contribute to the many natural energy resources, which make Saint Lucia a strong candidate for developing the industry.

At the forefront of investment on the island, Invest Saint Lucia is available to promote and facilitate any businesses ready to invest in the industries and sectors that the island has to offer. With reliable air and freight services, geographical connectivity, and an educated and regional labor pool, Saint Lucia has many reasons to invest in or settle on the island, as citizenship by investment is an option.

Facts And Figures

• Saint Lucia covers a land area of 617 square kilometers

• The currency is the East Caribbean dollar, although US dollars are accepted

• The estimated population stands at 185,200

• The official language is English, however many residents speak Saint Lucian French Creole

• Saint Lucia is a three-hour direct flight from the US mainland

• Its 300,000 labor force can move freely in the Organisation of Eastern Caribbean States (OECS)