A country is considered a tax haven when it offers individuals and/or businesses little to no tax liability. Countries in the Caribbean are considered some of the world's most popular tax havens, including St Lucia.
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Haiti remains the poorest country in the Latin America and the Caribbean (LAC) region and among the poorest countries in the world.
The BahamasNestled between Cuba and Florida in the Caribbean Sea, this island nation is a popular tax haven for many U.S. and European residents and has implemented strict laws on banking secrecy. The Bahamas does not enforce income, sales, capital gains, estate, or gift taxes.
St Lucia is neither a rich nor poor country. According to the World Economic Outlook Database created by the International Monetary Fund, Saint Lucia is a developing country.
US citizens traveling to St Lucia can stay on the island for a period of 90 days without a visa. This time period is usually more than sufficient if you are planning for a vacation in St Lucia. But if you are planning to stay in the island country for more than three months, then you need to apply for a visa.
Which is the richest island country in the world? In terms of GDP per capita, Bermuda is the wealthiest Caribbean country and one of the richest island countries in the world.
Haiti. Listed at number 115 on the GPI, Haiti is the most dangerous country in the Caribbean Islands as of 2022. By far the most dangerous threat to U.S. tourists is kidnapping for ransom. Reports of convoys being attacks, protests, and other violent events are also common in Haiti, as well as armed robberies.