Introduction

If you're a foreign real estate purchaser considering Saint Lucia for investment, or you already own property understanding the AIEP is essential. Let's break it down in straightforward terms.

1. What is the AIEP?

The Alien Investor Entrance Permit (AIEP) was introduced by the Alien Landholding (Licensing) Act in March of 2020 (the ‘2020 Act'). The 2020 Act replaced the Aliens Licensing Act (the ‘former Act'). 

Here's what you need to know:

• Purpose: The AIEP grants holders the right to enter and remain in Saint Lucia during the validity of their property license.
• License Connection: It aligns with a valid license issued under the former Act or an alien landholding license issued under the 2020 Act.
• Work Considerations: While it facilitates entry, it doesn't authorize work without a separate work permit.

2. Who Can Obtain an AIEP?

Eligibility Criteria

• Licence under New Act: Those with a licence obtained under the 2020 Act can apply for a letter of support from the Citizenship by Investment Unit (CIU) to facilitate their AIEP application.
• Licence under the former Act: Investors with a licence granted under the former Act must first apply for and be approved for a Certificate of Eligibility (COE) before becoming eligible for an AIEP.
• Individual Investors: Persons who own property in their names can directly apply for an AIEP for themselves and in certain specified cases for their dependents.
• Corporate Investor: Companies holding a licence can apply on behalf of directors, shareholders, beneficial owners, or dependents.

3. Duration and Work Permissions

• AIEP Validity: The permit remains valid throughout the licence period. If the licence holder sells the property, the AIEP ceases to be valid.
• Work Authorization: The AIEP does not allow work in Saint Lucia without a separate work permit.

 4. Cost

• Free for COE Holders and Company Directors: The AIEP itself is free for COE holders and company directors.
• Dependents: Eligible dependents will need to pay a fee of US$100.

Conclusion

The AIEP facilitates your entry as an investor but remember to comply with local regulations regarding work permissions, trade licence and other applicable laws. Having an experienced St. Lucia lawyer at your side will make the journey smoother and stress free.