Through the St Lucia Citizenship By Investment Program, individuals who make economic contributions to the nation are granted Saint Lucian citizenship and a St Lucia Passport after submitting their application to the St Lucia Citizenship By Investment unit.
This page provides an overview of the program, read our guide for in-depth details.
In December 2015, after the passing of Act No. 14 of 2015, known as the Citizenship by Investment Act on 24th August, the Caribbean Island nation launched the St. Lucia economic Citizenship program.
Since then over 1,000 foreign nationals from the likes of China, Russia, Syria, Turkey, and Nigeria have acquired St. Lucia Economic Citizenship.
By investing in the National Economic Fund of Saint Lucia, you can easily apply for citizenship while helping to strengthen the infrastructure and services of this idyllic island nation. Only upon approval of the application, is the investment required for the applicant and any related family members. The Saint Lucia Citizenship by Investment Board has strict due diligence rules in order to protect the program and St. Lucia’s citizens that reviews all applications carefully, granting, denying or delaying them as necessary.
The non-refundable contribution is a effectively a donation to the government fund. However it is an investment in the sense that investors are awarded citizenship in St. Lucia in exchange for their economic contribution to the country.
The main applicant must demonstrate that they are at least eighteen years old; in good health and have enough funds to afford such an investment. The source of funds must be legal, and in order to ensure the requirements listed above are fully adhered to. The applicant should have no restrictions or bans on entering the European Union, USA, the UK, and Canada. The Government of St. Lucia subjects applicants to strict due diligence procedures. Supporting documentation will be required.
The government contribution option is straightforward. The applicant is effectively paying a one off fee and this economic contribution to St Lucia is made in direct exchange for citizenship.
Therefore this option is better suited to candidates for those who are not interested in the hassle that comes with making and maintaining a real estate investment. The initial outlay is also less than the real estate option.
Applicants who feel more comfortable investing into an asset class rather than simply making a donation often prefer the St. Lucia Citizenship by Investment real estate pathway.
Saint Lucia is a renowned Caribbean tourist destination, and its wide range of real estate options make it a great choice for investors. The Citizenship Investment Programme provides an opportunity for those looking to make a substantial investment into an approved real estate project in one of the following categories: high-end branded hotels and resorts, as well as high-end boutique properties.
Applicants must maintain their investment for a minimum period of 5 years in order to keep their citizenship in St. Lucia. After this 5 year period investors can resell their investment. If the investment is resold to another foreigner then the new buyer will also become eligible to apply for citizenship in St. Lucia under the CBI Program.
The St Lucia’s Economic Citizenship Program is the only Caribbean Citizenship By Investment program with a government bond investment option. Investing in ‘National Action Bonds from the St. Lucian government is the most secure investment option in the Caribbean.
‘The best choice for those seeking a safe and guaranteed return on their investment is to become a citizen of Saint Lucia through their government bond program. This is a secure and cost-effective option for those interested in investing in the Caribbean.
At the present time, the Citizenship Program has no open enterprise projects available for investment. However, the program is open to receiving proposals to invest in projects such as specialty restaurants, cruise ports and marinas, agro-processing plants, pharmaceutical products, ports, bridges, roads, highways, research institutions and facilities, and offshore universities.
If you have a project that falls into one of the qualifying categories listed above, you can request an evaluation for inclusion in the Approved Projects list. To meet the criteria, the project must comply with government policies, standards, and regulations, and adhere to certain monitoring and reporting requirements.
If you are in good health, a person of good character, with no criminal record and have sufficient resources to invest then you will be a good candidate St Lucia’s citizenship by investment program.
The St Lucian government has recently enhanced its due diligence processes.
The main applicant can add the following dependents to their application, subject to additional fees.
Application times vary, since they are a partly dependent on how quickly the client can gather all the necessary documentation. However the full application process generally takes between 90-180 days.
Yes, the entire CBI process including acquisition of any approved real estate investment can be achieved remotely.
St. Lucia offers an excellent quality of life with a low cost of living. The island has a wide selection of housing options, ranging from luxurious villas and condominiums to more affordable apartments. St. Lucia also has a great selection of restaurants, shops, and entertainment venues, as well as plenty of outdoor activities such as hiking, swimming, snorkeling, and more. Plus, there are several universities and colleges located on the island, so it’s an ideal place for those who want to pursue higher education.
All in all, St. Lucia is a wonderful place to live with plenty of opportunities for relaxation, recreation, and cultural exploration. With its stunning beauty and laid-back charm, it’s no wonder why so many people are drawn to this Caribbean paradise.