Simplified Guide to the Alien Investor Entrance Permit (AIEP) for Foreign Real Estate Investors in Saint Lucia
What is the Alien Investor Entrance Permit St Lucia (AIEP)?
The Alien Investor Entrance Permit (AIEP) was established by the Alien Landholding (Licensing) Act in March 2020, replacing the former Aliens Licensing Act. Here’s a straightforward breakdown:
- Purpose: The AIEP allows foreign property owners to enter and stay in Saint Lucia as long as their property license is valid.
- License Connection: The permit is linked to a valid license issued under either the former Act or the 2020 Act.
- Work Considerations: While the AIEP facilitates entry, it does not grant permission to work without a separate work permit.
Who Can Obtain an AIEP?
Eligibility Criteria:
- New Act License Holders: Those with a license under the 2020 Act can apply for a support letter from the Citizenship by Investment Unit (CIU) to aid their AIEP application.
- Former Act License Holders: Investors with a license from the former Act must obtain a Certificate of Eligibility (COE) before applying for an AIEP.
- Individual Investors: Property owners can apply for an AIEP for themselves and, in certain cases, their dependents.
- Corporate Investors: Companies holding a license can apply for the AIEP on behalf of their directors, shareholders, beneficial owners, or dependents.
Duration and Work Permissions
- AIEP Validity: The permit is valid as long as the property license is valid. If the property is sold, the AIEP becomes invalid.
- Work Authorization: The AIEP does not permit work in Saint Lucia without an additional work permit.
Cost
- Free for COE Holders and Company Directors: The AIEP is free for those holding a COE and company directors.
- Dependents: Eligible dependents need to pay a fee of US$100.
Understanding the AIEP is crucial for anyone considering real estate investment in Saint Lucia or those who already own property. This permit not only facilitates entry and residence but also ensures compliance with local laws and regulations.
Application for an Investor Entrance Form Permit
Find Out More About The Step By Step Process For Buying Property In St Lucia
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