About DorisJ

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Citizen of:

Some Forum Posts:

Saint Lucia: Opening a Bank Account as a Foreigner:

Hello. We are Canadian living in St Lucia. We want to open a bank account (or three) and have stood in line for hours, was asked a myriad of questions and asked for much paperwork then told that there was an approval process. It's been about 5 weeks and haven't yet been approved. Anyone know a banker that would make an appointment for us and approve us within a week. There is good potential as we own a triplex here outright with rental income and we have 4 pensions between the two of us. Also, we will be moving most of our Canadian assets here in time.

Saint Lucia: Information Please:

Hi. We just did this and did not buy in Rodney Bay. We bought within 500 m from a beach and have an amazing view. The home is a triplex and we paid approx $218,000 USD, for it. The cash flow is the bottom line really. If you have loads of money and the cost of the property isn't a concern, you will be tenanted more often the closser you are to Rodney Bay. We have priced our suites accordingly and have one long term with a St Lucian couple in it, and the other we will be starting to rent it out short term shortly. I'd recommend forming an off shore company and have it but the property as there are financial and time implications as well as it'll be easier to pass it along to others when you're done with it.

Date Joined:

1/13/2016

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2

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