A teardrop shaped island in the eastern Caribbean, St. Lucia is an island nation with two majestic mountain peaks, the Pitons, forming the island’s most famous landmark. St. Lucia’s drive-in volcano, Sulphur Springs, is also a popular tourist attraction. In addition to its quiet volcanic beaches, reef diving sites, Pigeon Island National Park (an old British military base), rainforests, and waterfalls such as Toraille, it is home to fishing villages and luxurious resorts. The capital, Castries, is a popular cruise ship stop.
St. Lucia, in XVII century, was the reason of endless clashes between the French and British and changed hands 14 times between the nations, resulting in the cultural diversity of the Caribbean community, which today fascinates by shades of France, England, Africa, and Eastern India. St. Lucia is now turning into an alluring travel destination offering endless gold sandy coastlines, lush rainforests, and dramatically photogenic landscape.
The Citizenship by Investment Programme of St. Lucia was established in 2015 under the regulations of the Citizenship by Investment Bill 2015. The most recent CIP in the Caribbean has started receiving applications, January 2016 with the intention to become the most innovative and secure Programme in the region.
Advantages of St. Lucia Citizenship by Investment Programme:
A St. Lucia passport allows visa-free travel to more than 100 countries, including the UK, EU, and Hong Kong.
St. Lucia imposes no tax on worldwide income.
There is no requirement to visit St. Lucia in order to qualify for citizenship, although all applicants are subject to a strict background check.
St. Lucia’s Citizenship by Investment Programme requires applicants to have at least a US$ 3million net worth.
The CIP may include in the application: parents under 65, as well as mentally or physically challenged dependent children and/or parents.
The CIP offers a variety of investment opportunities.
The granting of citizenship is at the sole discretion of the government; there is no guarantee that the applicant will be approved.
Government Donation to National Economic Fund (NEF)
Saint Lucia National Economic Fund is a special fund established under Section 33 of the Citizenship by Investment Act for the sole purpose of receiving qualifying investments of cash for funding government sponsored projects.
The Minister for Finance is required each financial year to gain approval from Parliament for allocation of funds for specified purposes.
Once an application for citizenship by means of an investment in the Saint Lucia National Economic Fund has been approved, the following minimum investment is required:
- Applicant applying alone: US$100,000
- Applicant applying with spouse: US$165,000
- Applicant applying with spouse and up to two (2) other qualifying dependants: US$190,000
- Each additional qualifying dependant, of any age: US$25,000
Enterprise Project Investment
The Cabinet of Ministers will consider enterprise projects to be included on the approved list for the Citizenship by Investment Programme.
Approved enterprise projects fall into seven (7) broad categories:
- Specialty Restaurants
- Cruise ports and marinas
- Agro-processing plants
- Pharmaceutical products
- Ports, bridges, roads, and highways
- Research institutions and facilities
- Offshore universities
- Once approved the enterprise project becomes available for qualifying investments from applicants for citizenship by investment.
Once an application for citizenship by means of an investment in an approved enterprise project has been approved, the following minimum investment is required:
- Option 1 – A sole applicant. A minimum investment of US$3,500,000
- Option 2 – More than one applicant (joint venture). A minimum investment of US$ 6,000,000 with each applicant contributing no less than US$1,000,000
Real Estate Investment
The Cabinet of Ministers will consider real estate projects to be included on the approved list for the Citizenship by Investment Programme. Approved real estate projects fall into two broad categories:
- High-end branded hotels and resorts
- High-end boutique properties
Once approved, the real estate project becomes available for qualifying investments from applicants for citizenship by investment.
The applicant is required to execute a binding purchase and sales agreement for an investment in an approved real estate project. Investments, equalling the agreed purchase price, are deposited in an approved irrevocable escrow account managed jointly by the developer and the Citizenship by Investment Unit in Saint Lucia.
Once an application for citizenship by means of an investment in a real estate project has been approved, the following minimum investment is required: US$300,000.
Schedule of fees
Applicants and their families will also have to pay the following fees depending on the size of the family and the chosen investment option:
|Principal Applicant||US$ 2,000|
|Each qualifying dependant:||US$ 1,000|
Due Diligeance Fee:
|Principal Applicant||US$ 7,500|
|Dependent child under 16 y.o.||US$ 0|
|Dependent 16 y.o. and over:||US$ 5,000|
(for Real Estate and Enterprise Project Investment):
|Principal Applicant||US$ 50,000|
|Each qualifying dependant under 18 y.o.:||US$ 25,000|
|Each qualifying dependant 18 y.o. and over:||US$ 35,000|
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